Every week, we put together a list of our top 5 articles of the past week. Happy reading!
Moore’s Law for Everything Sam Altman (reading time: 15 minutes)
The changes coming are unstoppable. If we embrace them and plan for them, we can use them to create a much fairer, happier, and more prosperous society. The future can be almost unimaginably great.
We are currently undergoing an AI revolution. This transformational shift will have the effect of increasing wealth for everyone by reducing the cost of goods. In order to fully benefit from this shift, Sam believes that there should be a redistribution of wealth accordingly. He proposes an “American Equity Fund”. It would be capitalized by taxing companies above a certain valuation 2.5% of their market value each year, payable in shares transferred to the fund, and by taxing 2.5% of the value of all privately-held land, payable in dollars. I suspect many more variations of this idea to emerge in the next few years as technology starts eating more jobs.
Why Competitive Advantages Die Morgan Housel (reading time: 6 minutes)
I love reading about competitive advantages and how they are built. It’s one of those things that are hard to describe but you know one when you see one. Morgan Housel describes the ephemeral nature of these advantages and the difficulty of maintaining them.
Outgrowing software Benedict Evans (reading time: 6 minutes)
The car industry probably created more millionaires in retail and real estate than in the actual car industry – making cars was just one industry, but mass car ownership changed everything else.
Benedict Evans dry british style just makes sense. He argues that using a software lens to describe everything doesn’t make sense anymore. When everything becomes software, the important questions are elsewhere.
Distributed service sector productivity Noahpinion (reading time: 13 minutes)
The most frequent water cooler conversations (well, on zoom) I’ve been having lately is around the future of work. It feels that we’re at the beginning of a massive change of how we work yet no one knows what that really means. This post looks at this change from a productivity perspective and has some great metrics to show the % gains from remote work. Along the same lines, I really enjoyed this Twitter thread on the subject.