Packy McCormick on differentiation as a moral obligation — why the only viable strategy in a world of infinite content is to be unmistakably, almost unreasonably yourself.
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Get Linkwise — free on iPhoneThe aftermath of the AI bust will look like the aftermath of the dot-com bust, but more concentrated and stranger.
Hobart on the AI bust: the assets that survive will be the boring infrastructure, not the AGI demos. Capital, not code, is the load-bearing wall.
New Money has something to prove, and Old Money has nothing to prove.
It's not wealth that compounds across generations—it's the absence of extrinsic pressure. Ennui is the silent killer of dynastic ambition.
Gini coefficient for Silicon Valley went from 30 to 83 since the '90s. Those are the conditions for the French Revolution.
The industry that ran on 'don't be evil' now has wealth concentration worse than pre-revolutionary France. The surprise is the politics stayed polite this long.