AI Is a Long Way to go Before It's a Systemic Financial Risk
Plus! Oddsmaking; Capital Allocation; Timing; Competition; Bad Ads
Plus! Oddsmaking; Capital Allocation; Timing; Competition; Bad Ads
Plus! Factors; Financing AI; Hedging the AI You've Financed; Top-of-Funnel; 2bps
Plus! Worse is Better in Dating; De-Dollarizing; Externalizing FDEs; Uncanny Valley Marketing; Where the Money Went
Plus! The Short-Selling Cycle; Maturity-Matching; Fundamentals Manipulation; Tariffs and Meta Mean-Reversion; FDEs
Palantir, Volatility, Aphantasia, Sundheim, Consumerism, Information, Quants, McCarthy
Plus! Distribution; Age Restrictions; Variant Views; Oil Politics; Fungible Ads
Plus! Omnimedia; Full-Stack; Collusion; Trades and Hedges; IT Policies
Plus! Trade Deals; Whales; The Applications Layer; Recapitalizing; Anonymity
Plus! Diff Jobs; Ads; Maximalism; Comparative Advantage; Trader-in-Chief; GenAI
Substack, Cigarettes, Body as Factory, Sowell, Dubai, Rational Expectations, Bubbles, Old Gods
Plus! TPUs!; Automation; Market-Based Enforcement; Complete Markets; Earnings
Plus! Contribution Margins; Short Video, One Stage at a Time; Constituencies; Platform Advantage; Data Laundering