Apple's Physical-Platform Transition
Plus! Licensing Data; Flipping the Switch on Self-Driving Cars; Accidental Lock-In; Unit Economics!; The Limits of Data
All posts
In chronological order
-
Unlock Premium to read this post →
-
Does the AI Business Work if They're Paying for Content?
Unlock Premium to read this post →Plus! Unintended Consequences; The Nothing Ever Happens Trade; A Scale Game; Exits; A Little Less Financial Engineering at OpenAI
-
Fertilizer and Toxins
Become a member to gain access →Plus! Diff Jobs; Margins; A Better, Costlier Alexa; Elasticity; Counterparty Risk, Served Two Ways; The Universal Denominator
-
Longreads + Open Thread
Become a member to gain access →Networks, Five Nines, Tours, Disinformation, Deglobalization
-
Mass Producing Microcelebrities
Unlock Premium to read this post →Plus! Light Fat-Finger Risk; DJT; One Basis Point at a Time; Discounting; AI and Tacit Knowledge
-
The Index Rebalancing Trade
Unlock Premium to read this post →Plus! The Other Scaling Hypothesis; Cannibalization; Payments and Margins; Espionage; LLMs and Comedy
-
An Efficient Markets Parable
Unlock Premium to read this post →Plus! AI and Search; When Everything Turns Into Ads, Everything Turns Into Ad Arbitrage; Omnimedia; Middle-Market; Threads
-
"Nobody Knows Anything": Backtests are Hard
Become a member to gain access →Plus! The Economics of Hacking; Lead Generation; Adverse Selection; Tip Economics; First and Last Resort; Diff Jobs
-
Longreads + Open Thread
Become a member to gain access →Excel, Lego Orrery, Steroids, Early Finance, Disagreeable Nerds, Programming, Elites, WallStreetBets
-
How Meme Stocks Escaped Containment
Unlock Premium to read this post →Plus! Busted Regulatory Arbitrage; Round Trips and Catalysts; AI and Distribution; All Noise, No Signal; Getting Alpha Everywhere
-
Dividing up the Pie
Unlock Premium to read this post →Plus! Catching a Falling Knife in Social; Short Reports and Disclosure; When to let Users Optimize; Apple and OpenAI; Painting the Tape
-
Conferences as Industry Cluster Economics, Squared
Unlock Premium to read this post →Plus! Marking Xi Jinping to Market; Vol and Dispersion; Choosy Tenders; Apple Intelligence; Preserving Tacit Knowledge