On the one hand, AI is capable of performing superhuman work.

On the other hand, AI is becoming a synonym for fake.

This is another example of how the Internet increases variance.

AI is the best researcher and the worst spammer, at the same time.

Works in ChatGPT, Claude, or Any AI

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If your manufacturing is not price-competitive abroad, your military is not price-competitive abroad.

Because the wartime economy is just a subset of the peacetime economy. You can only turn plowshares into swords if you’re cranking out plowshares at low cost and high quality.

The lesson of deals is that if you have two, you have one. And if you have one, you have zero.

In other words: the second bidder sets the price and ensures the deal goes through. If you only have one bidder, the price floor is zero. And the deal may not get done at all.

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