Blog
Housing Is the New Office
Can an oversupply of offices create an oversupply of housing? (Generally, no. Occasionally, yes.)
Airbnb is WeWork
You can change a giant market even if you don't control it.
Airbnb's Double Disruption
Airbnb is a housing company. Always has been. Landlords, property managers, and brokers should start paying attention.
Kanye Capitalism
Investors will put up with as much as they can for as long as they can.
How To Speak Venture
A letter from FTX's most conservative investor explains why they'll do it again.
Financial Hits and Misses
In a complex world, success only makes sense after it happens.
Reasonable FOMO
A more competitive market means a stronger need for unsustainable incentives and more "dumb" bets by smart investors. Here's how to make the most of it.
Don't read. Listen.
I am traveling this week, so no long newsletter. But I wanted to let you know that some of my recent articles are now available in audio format. Instead of reading, you can listen. I am reviving my old podcast and will post all audio versions there. Below are a
Outsourcing Volatility
Over time, creative destruction becomes faster, less predictable, and harder to contain.
The Vader Paradox
The more new content there is, the more likely we are to consume old content.
