Entrepreneur
Silicon Valley was where the people who built tools found each other. When tools come off the intelligence assembly line, the talent moves to where risk is priced and rules are written: the financial capitals and the capitals of government, not the labs. … readTalent Will Gather Where Risk Is Priced and Rules Are Written
When manufactured intelligence makes the work cheap, the value moves to whoever stands behind it, and the people who price that accountability are insurers. Seven predictions for how they become the real regulators of AI. … readThe Signature Is the Product: Insurers Will Write the Rules of AI
For a 24-year-old in Charleston, home, flood, auto and health insurance are no longer riders on a bigger decision; they are the decision, and they are why I tell my students to rent, ride-share, and keep health coverage to the minimum. … readInsurance Is the Decision Now
Kevin Warsh and Scott Bessent are not running a coordinated tag team. The Fed wants the long yield left as an honest reading, the Treasury wants it lower, and eight days after the hike the 10-year hit its highest level since 2007. … readTwo Hands on One Curve
China stepped out of the oil market this spring, but mostly by draining its stockpiles, not because of its EVs — and at the same time it held its diesel at home. Now it is stepping back in. … readThe Valve and the Tourniquet
Your first customer is not paying for effort but for something to become true, and the past-tense verb is how you see it. As AI makes artifacts cheap, the value moves to verbs that need someone else’s yes: signed, shipped, paid, renewed. … readLook for the Past-Tense Verb
Graduating into the AI economy, your first move is not starting a company. It is finding Customer Number One, letting them finance your development, and bringing your own AI coworker who walks out the door with you. … readYour First Customer
Volkswagen announced in 2017 that it would lead the electric era, funded it with more than €20 billion, and is now planning to shed around 100,000 jobs. Being right about the future turned out to be the cheap part. … readThe Press Release Was Right
A three-month bill pays 3.92 percent and a thirty-year bond pays 5.27. The gap is the price of thirty years of trust, and this week the market, the Treasury, and gold all said it is not enough. … readThe Price of Thirty Years
A coworker is anyone who works with you — no shared title, department, or rank required — and once you accept that, the company your working life organizes around turns out to be you, not your employer. … readYou Are the Company