“Hyman Minsky was a 20th-century economist whose ‘financial instability hypothesis’ is probably the best-known explanation for the boom and bust cycles that characterize public financial markets. … We’re currently in the midst of an unprecedented boom in private market activity. […]
“Advanced techniques are applied to study patterns of growth, failure, value evolution, and performance.” This form of analysis has proven valuable across multiple classes of investments. The pace of VC deals nowadays might provide enough data to apply the approach […]
“With most of the public insuretechs now down somewhere in the neighborhood of 90%, it’s pretty clear that the hype cycle is over and there’s no need to pile on anymore.” | learn more
It’s too easy to read into this as an abdication of duty by prosecutors. Maybe they should get more benefit of the doubt? Maybe not. “Prosecutors wouldn’t charge him with shooting 2 women, so CPD overrode their decision. Prosecutors drop […]
A deep look at how shipbuilding improved over time. This is a set of two articles written to draw analogies between shipbuilding and building construction. | learn more
“The Flying Fox is 136 metres long and every millimetre is custom made.” | learn more
I used this metaphor and a friend noted that this only makes sense if you’re painting the floor. The Ngram chart implies people started doing this in the early 20th century. | learn more
“HEIR, a Solana-based fan engagement platform launched by Michael Jordan and son Jeffrey, launched its first NFTs today.” They cut the number of NFTs from 10k to 5k, presumably due to slower-than-expected sales. | learn more
This is complicated and I’m certain I haven’t grasped the full extent of it. Definitely big ideas! “As physicists confront that failure [to explain nature], they’re reexamining a longstanding assumption: that big stuff consists of smaller stuff.” | learn more
A company called Kytch was helping franchisees deal with the oft-broken ice cream machines. McDonald’s corporate crushed their business. Now they’re suing for $900 million in damages. | learn more