The people who built their careers after 1980 lived through one of the greatest financial tailwinds in history.

They got:

Falling interest rates
Booming asset prices
Globalization-driven disinflation
Near-zero rates at the end
Massive government spending
and whenever the

🦔AI companies have borrowed so much money this year that they're pushing up interest rates for the entire economy. Nomura estimates tech borrowing alone now equals 25% of what the US Treasury issues in bonds, five times more than last year. Bank of America says the surge has

Cruz to Elon: "How likely is America to win the race for AI compared with China or anyone else?"

Elon Musk: "For the next few years, I think America is likely to win. then it will be a function of who controls the AI chip fabrication. The factories that make the AI chips, who

I’m in love with this sentence:

“Every pattern in your life repeats until you learn the lesson. The moment you choose differently, the loop ends and growth begins.”