letter 10 – what now?

letter 10 – what now?

what is your capital actually for — and have you ever had the honest conversation required to answer that?   Dear friends, I’ve been sitting with how to end this series for longer than I expected. My first instinct was practical. Nine letters of philosophy...
letter 8 – atoms vs. bits

letter 8 – atoms vs. bits

as AI makes the digital world infinitely reproducible, does genuine lasting ownership live in what can be copied — or in what must still be built, maintained, and physically inhabited?   Dear friends, In my last letter, I shared my thoughts on the need for...
letter 6 – the physics of value

letter 6 – the physics of value

in a world where AI is driving the cost of digital creation toward zero, where does scarcity — and therefore lasting value — actually live?   Dear friends, One of the hardest lessons I’ve had to learn — and keep relearning — is that money and value are not...