Why ownership is losing its traditional appeal
The way we think about ownership has remained remarkably consistent for decades, even though the world around it has changed dramatically. We still tend to assume that buying more assets represents financial progress. But modern technology, demographics and economics are forcing us to reconsider the veracity of that assumption. Ownership no longer carries the same […]
What history can teach us about technological disruption
There exists a recurring spell of anxiety that seems to affect every generation. It arrived with the telegraph, the assembly line and the personal computer, and now it has arrived with artificial intelligence. Each time, it repeats the same mantra that this time is different. Today, AI is at the centre of a debate that […]
Why we see what we want to see in the markets
Investing is often depicted as a purely analytical process. We are expected to scrutinize datasets, weigh potential hazards, pinpoint openings and execute a logical choice, which seems foolproof. But the reality of the market is far more emotional than we might like to admit. Finance is an exceptionally dense space, which forces those of us […]
What Henry Ford can teach us about the future of AI
I recently read a McKinsey analysis that draws a provocative parallel between the rise of artificial intelligence and Henry Ford’s assembly line. It presents an interesting comparison that pivots the narrative away from the mechanics of technology and toward the architecture of systems. As the article recounts, Ford’s breakthrough was not just about making a […]
What could declining birth rates mean for long-term real estate demand?
For decades, the real estate market has operated with a powerful structural tailwind behind it. That tailwind is population growth. As more people entered the economy, new households formed, cities expanded and demand for housing grew. The modern housing market has essentially evolved around the expectation that this pattern will continue. However, today, demographic outlooks […]
We’re focusing on crypto prices, but missing the progress in infrastructure
Crypto has a remarkable ability to distract people. Every rally becomes a revolution and every crash seems to merit a funeral procession. But underneath all that hype, there is something far more interesting we should be paying attention to. To my mind, the real headline story is not the swings and roundabouts of the digital […]
Have we misunderstood what “normal” interest rates look like?
People today talk about 6–7% mortgage rates as though they are extreme. But if we zoom out, these rates are actually much closer to long-term historical averages than the unusually cheap borrowing environment that followed the 2008 financial crisis. For more than a decade, the U.S. economy became accustomed to near-zero interest rates, quantitative easing […]
Is early success dangerous for entrepreneurs?
In the fierce world of startups, we all obsess over failure. We’re taught to fear the idea that flops, the market that ignores us, the bank account that hits zero, the pitch that goes sour. But after scaling several ventures, I’ve realized that winning too early might be the trap that nobody warns you about. […]
Find a job you love, and you’ll never work a day in your life
A common saying in business circles is “Find a job you love, and you’ll never work a day in your life.” It’s often attributed to Warren Buffett, though it actually dates back centuries to Confucius. Despite its age, the quote still resonates, because at some level, most people have felt it. That feeling when you’re […]
The digitization of finance and the rise of stablecoins
At its most basic level, finance is a system for moving value. Every transaction, whether domestic or cross-border, relies on a network of institutions, protocols and processes working together to facilitate that movement. For decades, this system has relied on intricate layers of infrastructure that (for modern standards) can be slow, complex and heavily dependent […]