What If It's a Bubble?

Half Right: The Case for the AI Economy That Survives Its Skeptics

If you've watched the AI buildout with the feeling that you've seen this movie before, you're not wrong. Circular financing, valuations that assume the future has already arrived, a stampede of money into anything with the right word in the name — the pattern is real, and the people who lived through 2000 are right to name it.

This is a seven-page brief written for that reader. It concedes the skeptic's case first, and means it. Then it walks through what actually happened to the railways, the internet, and the companies that survived their own manias — and where value has been landing during this one, in layers rather than in names.

It doesn't ask you to believe anything. It describes a way to participate that works whether or not the bubble pops — because it was built assuming it might.

Free. No pitch inside. The brief arrives immediately; a second short guide follows a few days later. Unsubscribe anytime — the history in the brief is yours either way.