What Happens After the Wealth-Creation Phase?

Published on September 26, 2026

Creating significant wealth requires concentration of capital, attention, risk, and decision-making.

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The Optics of Low-Hire, Low-Fire

September 26, 2026
Last week we looked at the Federal Reserve’s inflation problem. This week, let’s look at the other half of its mandate: maximum employment.

When Do You Start Paying Attention? A Lesson from NVIDIA’s 2018 Financial Results

September 27, 2026
I do not know whether quantum computing is in that kind of window right now. Nobody does, and I am suspicious of anyone who claims certainty in either direction. What I can say is that the pattern-matching is uncomfortably familiar.