The Layer Paradox
Plus! Tariffs; SPAC Arbitrage; Memes; Scale and Google; Wearables and Data Surface Area
Plus! Tariffs; SPAC Arbitrage; Memes; Scale and Google; Wearables and Data Surface Area
Plus! Partial Take-Unders; Interaces and Surface Area; Metrics; More Tech Keiretsus; Crypto and Capital Structure; Supply Chains and Lags
Plus! Diff Jobs; SPACs, Back; Sanctions and Supply Chains; AI Filtering; Measurement Errors; Data Labeling
OpenAI, HALO, Betting, Stalin, Loneliness, The Number, The 90s
Plus! Cogsec; AV Competition; Asset Gathering; National Champions; National Champions, Cont.
Plus! The Cycle; LLMs and Ads; Turnover; Sentiment; Ads
Plus! AI and Software Engineering Jobs; Soft Landing; A Public Markets Approach to Private Equity; Does Trump See Tariffs as Transfer or Punishment? The Hype Cycle
Plus! More on Talent; Financial Engineering; Where We Are in the Cycle; Product/Service Complementarity; The Missing Panic
Conductors, China and AI, SharkNinja, Logistics, English, Diversification, Lord Jim
Plus! Regulatory Arbitrage; Tariffs; Moral Authorities; Talking the Book; Scale
Plus! Grok; Inference; Liquidity; Ideal Delivery Markets; The High-Resolution Economy
Plus! Trades; Tariffs; Which Daily Actives?; Two Visions of Diversification; Liquidity