The Curious Case of Fake GDP

Fake growth produces high asset prices, increased sales and profits, and raises debt levels. It distorts the economy...uses up precious time and resources (capital!)...and actually makes us poorer.

Superintelligence Will Never Arrive

Everyone’s convinced AI is destined to surpass human intelligence. But what if that’s just another overhyped Silicon Valley sales pitch? In this piece, you’ll discover why AI still can’t generate new knowledge, why it struggles with common sense, and why the so-called “superintelligence” may never arrive at all. From hidden energy limits to degraded training sets, the reality of AI’s future is a lot messier—and less inevitable—than most people think.

Does your portfolio resemble a Luddite?

Imagine if the Luddites had won. We’d still be toiling at hand looms while our children pluck stray cotton off the floor. But we didn’t listen. We never do.