Howard Marks questions macro forecasts' value, citing economic complexity. He advises investors to focus on what's knowable, not the largely unknowable future.
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Stratechery / Ben ThompsonBen Thompson argues from Nvidia GTC 2026 that the AI cycle is being driven by real agent demand rather than speculative froth — and the implications for incumbents are different than the bubble case.
A true fan is defined as a fan that will buy anything you produce.
Kelly's 2008 line held for 15 years. The 2026 caveat: switching-attention cost collapsed to zero, so 1,000 true fans became 1,000 distracted ones.
fee.orgI am a lead pencil—the ordinary wooden pencil familiar to all boys and girls and adults who can read and write. Writing is both my vocation and my avocation; that’s all I do.