From Blood and Soil to Contracts and Code: The Great Substitution For almost the entirety of human existence, the primary social glue was biological and territorial. Societies cohered through extended kinship networks; clans, villages, tribes, and the literal soil that contained the bones of their ancestors. In traditional societies across Asia, Europe, the Americas and […]
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The Common Short Squeeze in Markets
S&P 500 and the Microstructure of Modern Short Squeezes The E-mini S&P 500 futures contract (ES) is the undisputed primary global price-discovery vehicle for U.S. large-cap equities. On active days it routinely trades $600-900 billion notional (occasionally exceeding $1 trillion), on effective intraday leverage of 15-25X, and consistently leads both the cash S&P 500 index […]
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The Respectable Older Man
A young man’s value is self-evident and largely unearned. He walks into a room trailing decades of future productivity, like an invisible credit line, like a shadow ready to emerge. Society reads him the way venture capitalists read a Series A deck: high upside, tolerable risk, and, above all, a gloriously long runway. His mind […]
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The Experience of Reading
The practice of reading a book, particularly when performed aloud, retains a distinct significance in comparison to the consumption of content via audiobooks or audiovisual formats such as videos. While audiovisual learning engages multiple sensory perceptions, specifically sight and hearing, and audiobooks offer a unique sense of intimacy through direct auditory communication, the act of […]
One of the most challenging realities of aging is the shortening runway. When you’re young, time stretches out like a long, open field, you have a long runway. You can run hard, build speed, take risks, and trust that you have enough distance to get airborne. Youth gives you the margin for error: time to […]