Pete Horne pfp

Pete Horne

@horneps

262 Following
155572 Followers


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As I retire from tradfi; why I won’t complete my quantum paper. Getting this point out just makes the weight of the pyramid come down on you. “The quantum research paper I don’t want to finish really changed me. It made me realise that quantum is like an upside down pyramid. At the very bottom is the Schrödinger equation which is a mathematical object that describes observed quantum anomalies. On that is built quantum computational logic. On that is built quantum algorithms. On that is built national defence and industry dreams, and on that is built utopian and dystopian dreams. And above that is the universes and parallel universes. Then go all the way to the bottom and find - they can’t make or scale a computer that implements that little math object. I’ve got better things to do than contribute to the pyramid - I’ll wait for the machine which is probably impossible. But it was invaluable as a teaching tool - to me for my other work.”
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After 30 years I am retiring this week from financial services. I’m done with it because it’s a low leverage industry that is going to be largely automated away. It’s a plumbing business (why I did well lol) and a relationship business and AI will replace the relationship side and crypto will eventually replace the plumbing side. And by AI I don’t mean fluffy friendly AI, although that will be the UI of it, but it’s just going to be objectively better as it’s about patterns. Financial planners are the cockroaches of the world that will always survive, but so will baristas. I don’t want to be or serve either of them. I’ve had some interactions and insights that have made me realise that it’s all over for the big players. Leverage is making and controlling AI. All else will fall before that.
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