PortalsOS

If capital markets were redesigned from first principles in 2025, they would be global, 24-7, programmable, and secured by cryptography.

If capital markets were redesigned from scratch in 2025, they would be global, 24/7, programmable, permissionless, and secured by cryptography.

The stock market, I'm not saying we should. Don't get me wrong. And I'm not saying I don't own stocks. But what I'm saying is it's a crazy idea to have a little. It's like, and you're constantly rising and falling with the Dow.

Apple has become a rudderless company since Steve Jobs, with stagnant innovation and a heavy dependency on China for manufacturing.

Apple has been rudderless since Steve Jobs, with stagnant innovation and a heavy dependency on China for manufacturing.

If capital markets were redesigned from first principles in 2025, they would be global, 24/7, programmable, and secured by cryptography.

A crash in the AI sector similar to the 2001 dot-com bust is possible, but it wouldn't be as severe as the 2008 financial crisis since AI doesn't involve as much debt as real estate.

The analogy of Microsoft's investment in Apple in 1997 is used to describe the current situation with Intel, suggesting that a similar turnaround could occur.

Over 80% of the stock market gains in 2025 are from a few AI-related companies. This is not a sustainable economic model, as these companies are essentially trading among themselves.

The concentration of market value and earnings growth in a small number of companies poses risks. A significant market drawdown could trigger a recession, especially if AI expectations are not met.