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Capital Intensity🤝Capital Light

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Of Economic Regime Change, and Anti-tech Sentiment
Musing on the economic premium to efficiency, and the inverse correlate to politics
 • Moses Sternstein
An Epic Inversion
5 Idea Friday: unknowable future (even when you know it); American exceptionalism; healthcare fraud strikes again; Kimi-Kimi-Kimi; Slok goes Random Walk
 • Moses Sternstein
K-Shape *Poof*
Banks report, lower-income households on a tear, and (maybe) the Wealth Effect is realish
 • Moses Sternstein
The Shift from Token-Maxxing to Token-Optimizing is Good, Actually
That firms aren't maxxing frontier tokens is a good problem to have
 • Moses Sternstein
Online Shopping Is Stepping Into AI-Overdrive
Charts and missives on the incredible ecomm boom
 • Moses Sternstein
Token Maxxer 1%
5 Idea Friday: ai powerusers; no bubbles here; K becomes E; mind the supercore; no country for youngs
 • Moses Sternstein
Another Big Defection from Team Housing Shortage
A trade org, no less, reluctantly breaks the news that supply-and-demand is, in fact, constrained by reality
 • Moses Sternstein
Binge-Drinking With Your Pa
5 Idea Friday: private for longer; AI-ROI; ETFs to the moon; and China's retail winter
 • Moses Sternstein
Frictionful Intelligence
The cost of compute rises, a three part thought experiment
 • Moses Sternstein
Random Walk
Random Walk
"A multidisciplinary cast of mind . . . with a yen for synthesis." - Charlie Munger (about himself, not Random Walk)
Recommendations
View all 13
The Overshoot
The Overshoot
Matthew C. Klein
Limited Partner (LP) Investing Lessons
Limited Partner (LP) Investing Lessons
Aleksey Chernobelskiy
The Transcript
The Transcript
The Transcript
TSOH Investment Research (Alex Morris)
TSOH Investment Research (Alex Morris)
TSOH Investment Research
99% Derisible
99% Derisible
Yoni Rechtman
Important Things
Mission Statement

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