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Showing posts from June 29, 2024

Warren Buffet Speech About Determination and Focus To Delighted Customers

  The lesson emphasizes the importance of determination, hard work, and focusing on delighting customers. The stories of Rose Blumkin and Jack Taylor illustrate that starting with very little capital, they built successful businesses through perseverance, dedication, and exceptional customer service. Their success was not due to unique products but to their relentless effort and commitment to making customers happy. The lesson also underscores the value of learning from others and surrounding oneself with exemplary people, both in business and personal life, to achieve greater success. Full speech below: These people had one thing in common, you know. They knew they had it in themselves. They knew they could be something beyond where they were. They were willing to put their time and their energies to better themselves. What you really could do with more skills is just remarkable. So I would like to just tell you a couple of short stories, and we'll draw maybe a couple of lessons f...

Black Box Model

  pixabay A Black Box Model is a term used to describe a complex system or algorithm that is difficult to understand or interpret, due to its intricate nature or lack of transparency. The term "black box" refers to the idea that the inner workings of the system are opaque, and only the inputs and outputs are visible.  A black box model is a type of artificial intelligence (AI) system that takes inputs, processes them through complex algorithms, and produces an output. The key thing is, we can't see what happens inside the box. We don't understand the logic or reasoning behind the output, just that it delivers a result. Here's an analogy: Imagine a vending machine. You put money in (input), press a button (algorithm), and get a snack (output). You don't need to know the exact mechanics of the vending machine to use it, but it still works. Examples: Artificial Neural Networks: These are a type of machine learning algorithm inspired by the human brain. They ar...