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Wisdom & Prosperity

A newsletter about acquiring wisdom, gaining prosperity and using it to lead a meaningful and purposeful life

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Substack
PricingOnly free issuesPublishesWeekly
Issues159Founded3 years agoLast Issue7 days ago
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Latest Issues

Ownership Stops at the 90th Percentile

David Friedberg spent an hour on Sourcery making a good argument about American inequality, then aimed it at the wrong number. The argument deserves better data than he gave it.

He starts with a correction to the standard story. Inequality...

7 days ago
3

The Gell-Mann Amnesia Effect

Michael Crichton spent a good chunk of his career around Hollywood. So entertainment news was his home turf. He knew how deals actually got made, who really had the power to greenlight, what a budget shake-up meant versus what it looked lik...

16 days ago
2

The Rules Were Never The Rules

Dear son,
As we close in on what I hope is just the first third of our journey together, there's something I've come to believe that I want to share with you, along with the reasons why. A belief you can’t explain isn’t really yours. You’...

2 months ago
1

Where Value Might Live For AI

There is a particular kind of market mistake that recurs across technology cycles. Investors watch something genuinely scarce become genuinely valuable, extrapolate forward, and conclude that the scarce thing will remain valuable permanentl...

2 months ago

The Wrong Question

There’s a question that has consumed a remarkable amount of investor attention over the past two years:

Will AI kill SaaS?

I want to suggest that this is the wrong question. And in investing, asking the wrong question is often more dange...

2 months ago

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