Living Legends: Finance & Investing

Prelude One of my favorite historical photos of all time was taken in 1927, at the fifth Solvay Conference, focused on Electrons and Photons. You will likely recognize many of the names in that photo: Bohr, Curie, Dirac, Einstein, Heisenberg, Schr枚dinger. Seventeen of the twenty-nine attendees went on to win Nobel Prizes. The golden era of quantum physics unfolded in the first half of the 20th century. A tremendous amount of progress has been made since, but I would argue that most of it has been engineering rather than foundational research. We are unlikely to ever witness a period quite like that again. That gathering of legends laid the groundwork for quantum theory for centuries to come. ...

December 26, 2025 路 7 min 路 1301 words 路 Substack

Intelligence is not intuition

Everyone鈥檚 waiting for Artificial General Intelligence (AGI). The reality is that it鈥檚 already here, and it hasn鈥檛 changed a thing. No one is talking about Artificial General intuition (AGi) - yet. When it arrives, it鈥檒l change everything. When will AGi be here? If you鈥檙e reading this, you鈥檝e most likely listened to Andrej Karpathy鈥檚 conversation with Dwarkesh about how AGI is still a decade away. It鈥檚 one of the highest signal-to-noise conversations I鈥檝e heard on the topic. But I鈥檇 argue that Artificial General Intelligence (AGI) is already here. Intuition is a decade away. ...

October 20, 2025 路 4 min 路 700 words