The .NET OSS Relicensing Panic Is an Incentives Problem
17 minutes to read A couple of popular open source projects in the .NET ecosystem, first Verify and now Polly - have adopted (or are thinking about adopting) the Open Source Maintenance Fee to…
AI Sparks Productivity Explosion in Maths
It may not seem like it, but the millennia-old academic discipline of mathematics has been undergoing a productivity revolution during the last thirty years. That revolution is being enabled by the…
Attending Nicole Königstein’s Agentic AI for Finance Certification
I'm attending Nicole Königstein's live Agentic AI for Finance Certification bootcamp: building multi-agent AI systems with harness engineering for finance. Artykuł Attending Nicole Königstein’s…
The TrustWeb: Revisiting the Origins of Moneykind
Ten years ago, I wrote a series of blogs called The Origins of Moneykind. They accompanied the launch of Digital Human and explored a simple question: where does money come from? Looking back a…
Comment on Section 2.3.5 of Wolswijk (2026), "Prohibition of Monetary Financing: An Economic Perspective"
Two paragraphs, multiple basic errors.
GitHub's growth
From GitHub’s blog post, The August 17 outage, and the work ahead: Since April, monthly commits have grown from 1.4 billion to 2.9 billion. Holy shit. That doesn’t look sustainable. And…
AI's Bar Mitzvah Moment: From Hype & Hope to Business Questions!
Foreword: I wrote and posted this piece on August 20, 2026, with the promise that I would listen to feedback and try to respond and incorporate ideas and suggestions. To keep this promise, I will…
Yuval Noah Harari On AI, Capital Markets, and Risks
After the madmess of Musk a few weeks on The Economist's showcase podcast, thinker/writer Yuval Noah Harari is on for the hour this week. The following is a summary of his key points, many of…
One Way to Become a VC Billionaire 👯♀️
authored by Premmi Secret Tip From a Venture Capitalist The first rule of becoming a billionaire is scale. Fraud, it turns out, has economies of scale too. Steal a billion dollars from one person and…
The Market Ticker - Notice That There Is ZERO Discussion Of Cost
Once again here comes the socialist pablum.A federal $25 minimum wage mandate would destroy millions of jobs across the country and hit several of the Sun Belt states that have seen a significant…
ShopMy Claims Credit for Sales It Didn’t Drive—and Tells Merchants to Cancel Other Affiliates’ Commissions
Creator-commerce platform ShopMy de facto runs an affiliate network, joining a variety of incumbents who have operated in this space for literally decades. Merchants considering running two or more…
The Worst of 2025's Thanksgiving Leftover Stocks
When we launched the S&P 500's Thanksgiving Leftover project the day after Thanksgiving 2025, we knew we were going to spend the next year following the stock prices of companies that weren't doing…
Battery Storage Growth Exploded In 2025, Led By China
For the past several weeks, I have been working my way through the major findings in the Energy Institute’s 2026 Statistical Review of World Energy. This article concludes that series. For readers…
Zoning Constraints and Land Price Gradients
Co-authored by Jens von Bergmann and cross-posted at MountainMath How much should urban land cost? Generally we can think of the price being determined by the agglomeration effects of the city…
[Anti Fund] August 2026: Scarcity
[I'm open-sourcing relevant sections of my Anti Fund (antifund.com) LP letters which I write monthly.]Dear Partners and Friends,Last month I wrote that alpha is rotating toward atoms (and hence…
The future of Intelligence: First, the value migration
This is the first post in a three-part series.I want you to try something - drop the word intelligence into the conversation at a Saturday lunch, and see what looks you get from people. Something…
The Money European Companies Pay American Firms Every Year Is the Opportunity for Founders Going Abroad
When a Chinese company first came to London to build an enterprise business, it hired a batch of local salespeople for the relationships they held. It didn't amount to much, and the hires were let go…
The Exclusion Is the Spec
Carriers spent July filing to strip generative AI out of commercial liability policies. An industry whose entire product is getting paid to accept risk wants no part of this one — not because AI is…
Canada, Brookfield, and the Geopolitics Surfacing in Markets
Mine Print Hash 2026-34
I think the AI bubble is about to burst, and here’s why.
The AI industry is like Dracula, sucking blood from our society. You'll never guess who's coming with the stake.
Intelligence Wants to Be Property, Not a Service
Every serious political and economic argument about AI eventually collapses into one question. Not left vs. right. Not West vs. East. Not safety vs. acceleration. The real divide is simpler: does…
When life calls for causal analysis
Important issue facing a modern way of earning a living
Trading Correlation: From Parlays to Dispersion
It’s the summer of 2026 and betting is very cool. You just do not want to be caught watching a World Cup game without having done a 17-leg parlay. You get to say things like “this match…
US Attacks the International Criminal Court
New US sanctions against the ICC will lead to anonymous judges, a la Peru. Continuing to weaponize the US monetary system will promote financial alternatives, ultimately killing the US dollar.…
Zoning Constraints and Land Price Gradients
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) <code> library(tidyverse) library(VancouvR) library(sf) library(mountainmathHelpers) How much should urban land cost? Generally…
[3029] Overemphasizing AI in explaining Malaysia’s second quarter 2026 growth
Malaysia’s strong GDP growth in recent quarters has been attributed to sectors relating to artificial intelligence build-up. More often than not, that means…
HiFi's Not Very Pacific Waters
PacBio had a major shakeup early this month. First came a large round of layoffs, which caught several individuals who were very much the face of innovation on social media. Next came the sudden…
Destination parks: the reviving yin to a small town’s yang?
Whether it offers breathtaking natural features, a historic landmark, or simply a place for viewing other phenomena, a park can serve as an amazing magnet and catalyst for economic development. …
The Junior Mining CEO Is a Nineteenth-Century General [Strategy]
2 min read on bias for action, asymmetric conviction and radical acceptance Most modern executives manage risk by deferring it, and they can, because they live behind what Bezos calls ‘two-way…
AI Isn't Eating Jobs. It's Printing Companies.
Why falling startup costs, shrinking teams, and instant distribution point to more businesses, more jobs, and faster growth, not less.
DePIN is Dead. Long Live Infrastructure-as-a-Service.
Every infrastructure sector in modern history developed using the same playbook. Someone builds raw capacity ahead of demand. The raw resource commoditizes and gets cheaper forever. And the money…
Seven days to close. Years to know if it worked.
Customers Bancorp told investors its AI closed commercial loans in seven days instead of 30 to 60. Then an analyst asked what it had saved, and the honest answer was that nobody knows yet. In lending…
The One Thing That Everyone May Be Too Busy to Worry About: Winning
Everyone on the executive team is busy making plan and improving efficiency. But who is making sure you’re actually winning the market? Why CEOs need to track market share — even when the data is…
Venture Engineering
AI does not make ambitious software free. It makes bounded technical bets cheap enough to run as a portfolio. The minimum software bet has fallen AI changes the economics of a particular class of…
Why Sovereign AI Could Be the Biggest Opportunity for Telecom Operators Since 5G
In my previous LinkedIn post, I explored how telecom operators are beginning to unlock revenue opportunities from AI. This article attempts to answer an equally… The post Why Sovereign AI Could…
The Myth of Owning Your Time
You've probably heard it all before. Be your own boss. Control your schedule. Own your time. As attractive as it sounds, it's a lie. Many people believe that working for yourself means unlimited…
HYPE BY FOOTNOTE: WHERE DID THE $ 25 BILLION OF ADDITIONAL COREWEAVE RPOs COME FROM?
CoreWeave reported its Q2 2026 earnings last week, triggering an immediate positive market reaction that propelled its shares from ~$90 to ~$111. What was the remarkable achievement of the company?…
The impact of gambling sponsorship bans - a preview
This is pretty basic economics but apparently it needs spelling out… Sponsorship deals go to the highest bidder. If the highest bidder is excluded from the process then the organisation that is…
Gmail-Driven Receipt Archival
The problem I run an Airbnb. Every year the return starts the same way: pull the credit card statements, add them up, and bucket the spend. Schedule C wants categories, not a pile of charges. A…
Why AI Companies Are Hunting for Data Nobody Else Has
Inference Draft 2026-34
The Missing Washington Millionaires Tax Deductions
Washington state taxpayers paying the new Millionaires Tax may assume the itemized deductions they use on their federal income tax return also somehow work for the state income tax. That assumption…
Starting to change my mind about AI
For a while now I have been waiting for the "AI bubble" to burst. I don't want it to happen, but what the hell is one supposed to think when companies that make up a large portion of the U.S.…
Agents will further entrench the incumbents in quantitative trading
Coding and research agents change the cost structure of quantitative hedge funds. But this does not provide for a particularly good opening for startup managers.
The Prediction Market Debate (CFTC vs States) Is Likely to be Settled Sooner Rather than Later
On one side, there’s Kalshi, Polymarket, and all other companies offering prediction market sports wagers–err, sports predictions–allied with the Commodities Futures Trading…
Reviewing fleet average onsite water and infrastructure energy efficiency for the top twenty global data center operators
The continued expansion of the global data center industry has drawn increasing attention to onsite water use and the energy efficiency of infrastructure (which is linked to water used in…
The Doer Economy - we are killing the translator class
This article argues that AI is collapsing the distance between vision and execution, ushering in a Doer Economy where the primary winners are those who can both imagine and build. The traditional…
What are Treasury Bills?
Treasury bills are an excellent investment option for conservative investors seeking safety, liquidity, and predictable short-term returns. With sovereign backing, flexible tenures, and ease of…
Sinar saw the future coming, but the future had other ideas
Sinar saw digital photography coming decades before it transformed the industry. So why did one of photography’s most innovative companies struggle to survive it? I have some ideas.
Investment Grade
On July 9 S&P cut Oracle to BBB-. On July 10 Wisconsin regulators let a deadline pass and left standing a rule that says anyone below A- posts collateral before the utility will sell them power. A…