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Other People's Money

Oracle blamed an act of God for a gas permit. A CoreWeave data center paid 9.25% to borrow. The next round of AI winners won't be picked by the smartest model. They'll be picked by the bond market.

Sep 25, 2026

The Truman Show

Someone is buying Japan's used bookstores by the ton. Books are the record of what we thought. The next trove is the record of how we behave: the raw tape first, then the view through your own glasses.

Sep 24, 2026

There Can Be Only One

Amazon was right to wall off Meta's shopping agent, and every other store should do the opposite. Agents make shopping around free. They don't make the truck free, and they don't make trust free. The middle gets crushed.

Sep 23, 2026

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