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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)
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CalculatedRisk Newsletter
CalculatedRisk Newsletter
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The Overshoot
The Overshoot
Matthew C. Klein
The Transcript
The Transcript
The Transcript
99% Derisible
99% Derisible
Yoni Rechtman
In My Tribe
In My Tribe
Arnold Kling
Important Things
Mission Statement

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