Serious investment thinking that doesn’t take itself too seriously.
There are a few theories, but none of them really satisfies. I recently wrote a post arguing that globalisation didn’t hollow out the American middle class (as many people...
The missing piece in our urbanist discussion. Eight years ago, around the time I moved to San Francisco, I watched the Disney movie Big Hero 6. It’s set in a city called “San...
What does it mean for China to be "the future"? And what does that future look like? Most discussions that I see about China these days are about U.S.-China...
How we would do things if we were serious. Trump’s current trade strategy will diminish American power and American technological capability, divide the U.S. from allies and...
Every year, I write one navel-gazing post about what I do for a living. Past instalments include “Noah Smith’s writing advice”, “How to write a successful Substack”, “How to be...
More thoughts on a great civilization at its peak. “We are amazed, but not amused” — Stevie Wonder The 20th century had a bunch of rising powers that all reached their peaks in...