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← There is no way to capture a new technology’s upside without being…
17 connected korrents · 16 moments on record from 10 Nov 2023 to 4 Sept 2026.
Everything filed under infrastructure
infrastructure
Everything filed under market efficiency
market efficiency
Everything filed under America
America
Everything filed under stock market
stock market
Everything filed under startups
startups Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: There is no way to capture a new technology’s upside without being exposed to the losses if the enthusiasm proves excessive. There is no way to capture a new technology’s upside without being exposed to the losses if the enthusiasm proves excessive. Last stated 9 months ago
9 Dec 2025
HM
Howard Marks — holds since 2025-12-09 — tap for who they are
Same subject: Transformative technologies reliably attract more investment and infrastructure than they need, and that excess is what speeds their adoption. — tap to centre the map on it Transformative technologies reliably attract more investment and infrastructure than they need, and that excess is what speeds their adoption. Last stated 9 months ago
9 Dec 2025
HM
Howard Marks — holds since 2025-12-09 — tap for who they are
Same subject: A country cannot have radical technological breakthroughs and also refuse to tolerate uncomfortably rich people, because the financial system it resents is what funds the innovation. — tap to centre the map on it A country cannot have radical technological breakthroughs and also refuse to tolerate uncomfortably rich people, because the financial system it resents is what funds the innovation. Last stated a year ago
13 Aug 2025
KJ
Keyu Jin — holds since 2025-08-13 — tap for who they are
Same subject: Almost all of the dot-com era's exuberance turned out to be warranted; we remember the failures and forget the value that era created. — tap to centre the map on it Almost all of the dot-com era's exuberance turned out to be warranted; we remember the failures and forget the value that era created. Last stated a year ago
18 Aug 2025
BT
Bret Taylor — holds since 2025-08-18 — tap for who they are
Same subject: Investing well requires reversing the human instinct to grow excited as prices rise and fearful as they fall. — tap to centre the map on it Investing well requires reversing the human instinct to grow excited as prices rise and fearful as they fall. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: Enterprises buy from startups now because the risk of keeping the status quo has come to look larger than the risk of the startup. — tap to centre the map on it Enterprises buy from startups now because the risk of keeping the status quo has come to look larger than the risk of the startup. Last stated a month ago
31 Jul 2026
PC
Patrick Collison — holds since 2026-07-31 — tap for who they are
Same subject: By the time a technology is hot it is already too late to start in it. — tap to centre the map on it By the time a technology is hot it is already too late to start in it. Last stated 3 months ago
7 Jun 2026
TF
Tony Fadell — holds since 2026-06-07 — tap for who they are
Same subject: Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little. — tap to centre the map on it Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little. Last stated 3 months ago
10 Jun 2026
RD
Ray Dalio — holds since 2026-06-10 — tap for who they are
Same subject: Every hyped business attracts negative sentiment nobody has an incentive to correct — and inference makes sense as a business long-term, whatever the training costs are. — tap to centre the map on it Every hyped business attracts negative sentiment nobody has an incentive to correct — and inference makes sense as a business long-term, whatever the training costs are. Last stated 3 months ago
27 May 2026
DR
Dax Raad — holds since 2026-05-27 — tap for who they are
Same subject: "Food from thin air" is not from thin air: it runs on water, minerals, ammonia and industrial plant. — tap to centre the map on it "Food from thin air" is not from thin air: it runs on water, minerals, ammonia and industrial plant. Last stated 2 months ago
30 Jun 2026
CS
Chris Smaje — holds since 2026-06-30 — tap for who they are
Same subject: A good tool raises the floor of what people can build without lowering the ceiling, and almost every tool quietly lowers the ceiling. — tap to centre the map on it A good tool raises the floor of what people can build without lowering the ceiling, and almost every tool quietly lowers the ceiling. Last stated 12 months ago
18 Sept 2025
TL
Tobias Lütke — holds since 2025-09-18 — tap for who they are
Same subject: A government taking a stake in its chipmaker is ordinary infrastructure policy — Taiwan, Japan and Singapore all did it. — tap to centre the map on it A government taking a stake in its chipmaker is ordinary infrastructure policy — Taiwan, Japan and Singapore all did it. Last stated 3 months ago
18 Jun 2026
LT
Lip-Bu Tan — holds since 2026-06-18 — tap for who they are
Same subject: Technology has made markets less efficient at long horizons rather than more efficient. — tap to centre the map on it Technology has made markets less efficient at long horizons rather than more efficient. Last stated 2 years ago
3 Sept 2024
CA
Cliff Asness — holds since 2024-09-03 — tap for who they are
Same subject: The efficient market hypothesis is at best a very lossy heuristic — tap to centre the map on it The efficient market hypothesis is at best a very lossy heuristic Last stated 3 days ago
4 Sept 2026
NF
Nat Friedman — holds since 2026-09-04 — tap for who they are
Same subject: The pull of fundamentals that used to reverse market momentum has weakened, so betting on mean reversion is more dangerous than it was. — tap to centre the map on it The pull of fundamentals that used to reverse market momentum has weakened, so betting on mean reversion is more dangerous than it was. Last stated 5 days ago
2 Sept 2026
AD
Aswath Damodaran — holds since 2026-09-02 — tap for who they are
Same subject: Delay in permitting clean energy kills more Americans every year than the September 11 attacks did. — tap to centre the map on it Delay in permitting clean energy kills more Americans every year than the September 11 attacks did. Last stated 3 years ago
10 Nov 2023
CH
Casey Handmer — holds since 2023-11-10 — tap for who they are
Same subject: Environmental permitting now causes more environmental harm than it prevents, because what it delays is the clean thing replacing the dirty one. — tap to centre the map on it Environmental permitting now causes more environmental harm than it prevents, because what it delays is the clean thing replacing the dirty one. Last stated 3 years ago
10 Nov 2023
CH
Casey Handmer — holds since 2023-11-10 — tap for who they are
Same subject: Getting a data centre permitted in the empty middle of America is far easier than putting one in orbit. — tap to centre the map on it Getting a data centre permitted in the empty middle of America is far easier than putting one in orbit. Last stated 6 months ago
13 Mar 2026
DP
Dylan Patel — holds since 2026-03-13 — tap for who they are
At the centre
There is no way to capture a new technology’s upside without being exposed to the losses if the enthusiasm proves excessive.
Holds HM Howard MarksRead this korrent →
Transformative technologies reliably attract more investment and infrastructure than they need, and that excess is what speeds their adoption.
Holds HM Howard Marks
A country cannot have radical technological breakthroughs and also refuse to tolerate uncomfortably rich people, because the financial system it resents is what funds the innovation.
Holds KJ Keyu Jin
Almost all of the dot-com era's exuberance turned out to be warranted; we remember the failures and forget the value that era created.
Holds BT Bret Taylor
Investing well requires reversing the human instinct to grow excited as prices rise and fearful as they fall.
Holds BA Bill Ackman
Enterprises buy from startups now because the risk of keeping the status quo has come to look larger than the risk of the startup.
Holds
By the time a technology is hot it is already too late to start in it.
Holds TF Tony Fadell
Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little.
Holds
Every hyped business attracts negative sentiment nobody has an incentive to correct — and inference makes sense as a business long-term, whatever the training costs are.
Holds
"Food from thin air" is not from thin air: it runs on water, minerals, ammonia and industrial plant.
Holds CS Chris Smaje
A good tool raises the floor of what people can build without lowering the ceiling, and almost every tool quietly lowers the ceiling.
Holds
A government taking a stake in its chipmaker is ordinary infrastructure policy — Taiwan, Japan and Singapore all did it.
Holds LT Lip-Bu Tan
Technology has made markets less efficient at long horizons rather than more efficient.
Holds
The efficient market hypothesis is at best a very lossy heuristic
Holds NF Nat Friedman
The pull of fundamentals that used to reverse market momentum has weakened, so betting on mean reversion is more dangerous than it was.
Holds AD Aswath Damodaran
Delay in permitting clean energy kills more Americans every year than the September 11 attacks did.
Holds CH Casey Handmer
Environmental permitting now causes more environmental harm than it prevents, because what it delays is the clean thing replacing the dirty one.
Holds CH Casey Handmer
Getting a data centre permitted in the empty middle of America is far easier than putting one in orbit.
Holds DP Dylan Patel