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Gaming is expanding its reach into every part of our lives (education, medicine, music) and is becoming the foremost battleground for the future of big tech. This strikes me as analogous to the Facebook story from above. The market clearly believes video games represent a valuable opportunity, but may be underrating the scale by orders of magnitude... See more

The value of “affinity” is even stronger when applied to media products with scarcity. There’s no real cap on movie tickets or TV viewers, but Elsa dresses are finite, and theme park attendance is controlled. As a result, marginal affinity can drive substantial pricing power. Those who need to go to Disneyland aren’t very price-sensitive, nor are p... See more

On their own, large language models (LLMs) are, to a significant extent, Babel-like. Their latent space can output every possible combination of words. They are capable of creating genius-level sentences—and also false gibberish. And at this point in the lifecycle of this technology, the quality of the results you’re going to get is far higher when

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When you first write something, you should write it for yourself. When you rewrite it, write it for everyone else. Take out everything that isn't the story. Once it's out there, you don't own it anymore, everyone else does.

The next step of creating more meaningful everyday gatherings is to cause good controversy. You may have learned, as I did, never to talk about sex, politics or religion at the dinner table. It's a good rule in that it preserves harmony, or that's its intention. But it strips away a core ingredient of meaning, which is heat, burning relevance. The ... See more

The main trap that governments should avoid is too quickly sacrificing optionality. An existing city could fall into this trap by launching a bad city token instead of taking things more slowly and launching a good one. A new city could fall into this trap by selling off too much land, sacrificing the entire upside to a small group of early adopter... See more

“I think of Patrick as an idea archivist. So often, we’re looking for the next new thing. What I’ve learned from Patrick, is that there’s a lot of virtue to going back in time and looking at the ideas that have been forgotten.” – David Perell

Messaging apps are used for all kinds of purposes and heavily overlap. They don’t monopolize but can get just as big.