Spot on.

Sometimes it can be a bit frustrating when people label certain behaviors, as it might seem too strict, even though it’s easier to understand.

But I like this one because it’s not something anyone actually says out loud.

The key point of investment I think is to find monopolies to some extent. Warren likes natural monopolies, and there are other forms of monopolies as well.

The AI bottlenecks, like memory, are also monopolies, or oligopolies right now.

One thing that is extremely important is to understand when the monopoly power is going to fade. And that’s the point to exit the position.

hinata: Naval Ravikant on the real moat behind Buffett's investments.

RT Elon Musk
Beware the empathy exploit.

Empathy is good and right when thought through (deep), but can be deadly to civilization when simply stimulus-response (shallow).

For example, releasing a repeat violent offender may feel good at first (shallow empathy for the criminal), but it is wrong to do so when that person will go on to hurt or murder innocent victims, as there should be deep empathy for future victims.

Gad Saad: Oh my!

https://www.timesnownews.com/lifestyle/books/elon-musk-recommends-one-book-and-says-the-future-of-civilisation-may-depend-on-it-article-154324303

I think people should be paying much more attention to the macro environment now than before.

No one doubt AI is the main driver of the market.

But.

Compared with AI or the Trump trade, macro is the one thing we, as human beings, have the least control over.

Recently, both the Japanese and U.S. bond markets have started to react. That feels very suspicious.

RT *Walter Bloomberg
TRUMP–XI SUMMIT DOWNSIZED AS EXPECTATIONS FALL

The Trump–Xi meeting in Beijing is now expected to be a limited, low-impact summit focused on maintaining stability rather than major deals.

Key topics include trade, Iran, and fentanyl, but analysts say the U.S. has little leverage and Beijing is offering no clear agenda or concessions.

Instead of a “grand bargain,” the talks are likely to yield only modest steps like extending existing trade truces and maintaining limited sector cooperation.

Experts say shifting geopolitical conditions have strengthened China’s position, making meaningful breakthroughs unlikely.