In the AI Gold Rush, I Would Rather Own the Shovels
The model companies may define the future, but the suppliers of chips, power, cooling, and materials may offer the more durable investment opportunity.
All writing
Research, trading notes, and the practice of building. Each piece is provisionally true when published, and always open to revision by new facts.
The model companies may define the future, but the suppliers of chips, power, cooling, and materials may offer the more durable investment opportunity.
When the tools of an age have changed, who draws the boundary of “cheating,” and in whose interest is it drawn?
At twenty-one, freedom no longer means a life without pressure. It means taking responsibility for a path of my own—and continuing to bet on myself.
Trend following and value investing may look like opposites, but both rest on the same ability: doing nothing without an edge, then acting decisively when the right opportunity arrives.