Longreads + Open Thread
Skyscrapers, AI, Congestion Pricing, The Odyssey, History, Markets, Accounting, Loneliness, Slavery
All posts
In chronological order
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Meme Markets
Unlock Premium to read this post →Plus! Equity Comp, Squared; Venture Debt; 5%; Crypto Leverage; Closed-End Funds
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Two Models of Forward-Deployed Engineers
Unlock Premium to read this post →Plus! Corporate VC; The New AI Model; The New AI Model, Continued; The Long But Volatile March; Post-IPO
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Good Accounting is a Positive Externality
Unlock Premium to read this post →Plus! Crossovers; Politics: Back on Meta; Structure; Gradual Tariffs; Property Rights
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The Economics of Logos
Read this article →Plus! Elsewhere in Reputation Markets; Knocking Down Data Walls; Closing the Arbitrage; Cost Avoidance; State AI Investment
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Longreads + Open Thread
Read this article →Longreads * Gwern has a lengthy meditation on effort, specifically the kind of effort involved in doing what was previously thought to be impossible. It's not so much a unified theory of extreme effort as it is a comprehensive refutation of the existence of such theories. There are stories
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The Loneliness Economy Wins Through Higher Sustained Productivity Growth
Unlock Premium to read this post →Plus! Bond Vigilantes; Deeper AI Search; Analysts; Shareholder Votes; Networks are Expensive to Build
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Moderation, Inside and Out
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Time Arbitrage and SaaS Pricing Power
Unlock Premium to read this post →Plus! Search UX; Mining Crypto; Moderation; News is a Distribution Business; AI as UI
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Credentialism and the Money Illusion
Become a member to gain access →Plus! Diff Jobs; Capacity Constraints; IPO Window; Strikes and Opportunity Costs; The Upside and Downside of Ads; Backcasting Returns
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Longreads + Open Thread
Become a member to gain access →Paradigms, AI, Pentium, Netflix, China, SBF
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The Large- and Small-Home Market Advantages
Unlock Premium to read this post →Plus! Who Bears Ban Risk?; Carvana and Short-Selling Economics; VC; Productivity; A More Normal Economy