These days, we get so much of our content in bite-sized, isolated bits — links in an email, tweets, Slack messages, blog posts. We consume information because it’s in front of us, rather than because it’s relevant for us. This continually present dynamic discourages reflection and thought. The future of content is about interfaces that can help us... See more

In a typical Act III, Substack would abandon intellectualism entirely. But it has an edge—a potential way out: the inbox is still Substack’s secret weapon.

Its direct creator-to-subscriber model can temper the algorithmic flattening that plagues other platforms. E-mail as a channel allows high-brow, middle-brow, and low-brow content to coexist... See more

On that template, AI looks like it has already finished the first act. The outer ring has cracked: neoclouds, “AI infra” smaller caps, and nuclear or power-adjacent trades are down 50% or more from their highs. That’s your paper-railway phase. The core of the story, Nvidia and a handful of megacaps, is still treated as the “safe” way to own AI, but

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