I haven’t synthesized what I’ve taken away/learnt from yesterday. But, I found myself reminded of a few notes I’ve thought about in the past:
(1) Ray Dalio’s powerful post about “archetypical cycle of internal order and disorder.” It is a long read but it points to his framework for the rise and decline of empires.
(2) The description of the internet as a giant machine that simply gives people what they want. That then led me to continue to think about the societal cost of algorithmic feeds and the resulting fracture of newspaper business model resulting in the drive to serve never-ending niches.
(3) And, related, Morgan Housel’s note – “Tell people what they want to hear and you can be wrong indefinitely without penalty” – is a beautiful articulation of a powerful and sometimes sad truth.