Music, Art & Engineering
When Horowitz returned to the San Francisco Bay Area in 2000, he partnered with Hiroto Matsubara, a former systems engineer, to establish a spiritual community dedicated to mindfulness and the intentional, rather than reactive, use of technology…
We must establish a symbiotic architecture where AI handles the complexity of execution while the human remains the definitive architect of intent, ensuring that technology serves as an extension of our will rather than a replacement for it.
Does OpenClaw represent a Napster moment for AI?
The patience of investors who remained globally diversified and tilted to quantitative factors is being rewarded by a historic rotation.
The danger isn’t that the robots will take over the world, it’s that they will successfully take over the pointless administrative bureaucracy, and we will be so relieved to be rid of it that we won’t notice when the entire system becomes an impenetrable knot of nonsense.
Music by Vacations in Color recorded in December of 2025.
With all the talk of an AI bubble and unprecedented market concentration, is it time to look beyond the mega-cap stocks?
Once you strip away the illusion created by decades of inflation mismeasurement, assets may not be worth what we think.
The consumer credit crisis has created a lag in recession signals by temporarily inflating credit scores and spending power, masking underlying financial distress. Similar dynamics preceded the 2008 financial crisis, where easy credit defaults led to a sudden collapse of the bull market.
“Trees don’t grow to the sky,” they say. But there are substantial reasons to question whether the “new market” is like the old market, and redress its underlying mechanisms.
Will the underlying technologies of DeFi live up to the fervor and marketing hype, or will the technology inevitably be cast aside, a hollow shell of its ethos, living on in name only as its “brand power” is strategically co-opted by dominant interests?
The Target Date Fund, now a staple of 401(k) plans, has a surprisingly colorful origin—emerging from academic theory, shaped by pension consulting, and even brushing up against Star Wars and Kubrick. Behind its quiet ubiquity lies a story of mathematical elegance, financial innovation, and unexpected creativity.
The greater fool is an economic term. For the rest of us to profit, we need a greater fool — someone who will buy high and sell low.
While passive investing offers cost efficiency and broad exposure, its growing dominance may cause illusory distortions in prices and leave markets more vulnerable to abrupt dislocations when the tide turns.
A sector investing strategy is like a well-designed oil tanker navigating volatile seas. Just as an oil tanker is built with separate compartments to keep liquid cargo from shifting and destabilizing the vessel, a portfolio made up of sector ETFs can isolate risk and limit damage from downturns in any one part of the economy.