As AI Advances, Human Nature Endures
AI will transform production, but human needs, taste, trust, habits, and emotion evolve far more slowly—making reasonably valued consumer businesses a compelling defensive allocation.
INDEX / 2026
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Research, trading notes, and the practice of building. Each piece is provisionally true when published, and always open to revision by new facts.
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The Discipline of Waiting
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.