Fear The Snail - Tom a
I write about markets, economics, technology, science, geopolitics, and human behavior trying to understand incentives, narratives, liquidity, and what might change next. Mostly, I ask: what is everyone else missing? Beware the age of the SNAIL!
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 10 | Founded | 2 months ago | Last Issue | a month ago |
| Active | |||||
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fearthesnail.substack.comLatest Issues
AI Capex Is a Child. We Spent the College Fund. Now Let's Talk About How This Kid Actually Behaves.
Every earnings season, the same question gets asked in a hundred different ways: is AI a bubble?
Wrong question. Here’s a better frame.
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Today’s AI capital e...
Running for their life...
Every AI company is a runner on a treadmill that keeps speeding up. The belt is depreciation: chips lose value the moment they’re plugged in, and power bills and interest costs make it move faster still. Cash flow is the runner’s legs.
If...
Crypto's most interesting token is trying NOT to moon.
Here is a sentence you do not hear often. One of the most talked about ideas in crypto right now is a coin that is not supposed to go up in price. Andreessen Horowitz, one of the biggest venture capital firms in technology, recently publish...
Globalization Did Not Die. It Took the Scenic Route.
Goods, money, data and technology are still moving across borders in enormous volumes. What has changed is not the amount of connection. It is the route.
The old version of globalization asked a simple question:
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THE GREAT RENEGOTIATION
People do not revolt against a spreadsheet. They revolt when they suspect the spreadsheet has been used to write them out of the future.
That is the hidden story running through the news this week. Artificial intelligence is becoming more...
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I write about markets, economics, technology, science, geopolitics, and human behavior trying to understand incentives, narratives, liquidity, and what might change next. Mostly, I ask: what is everyone else missing? Beware the age of the SNAIL!
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