Thirty-three years after co-founding it, Jensen Huang has no formal role at NVIDIA. He is still one of its largest shareholders. The bigger story is who owns the rest: index funds, public pensions and the 401(k) accounts of tens of millions of savers who never chose to
We have been warning since January 2026. The 30-year JGB closed at 4.012 percent on November 13. Bottom line Japan is not facing a default. It is facing the end of the arrangement that kept its debt cheap. For thirty years, Japanese household savings sat in bank deposits,
The case for a hypothetical all-stock combination now, with Tim Cook leading NVIDIA as an Apple subsidiary. A strategic discussion draft. No such proposal has been made by Apple, NVIDIA or anyone named here. Executive summary This paper sets out a strategic case for Apple CEO John Ternus to
Divided government, a whiplash week and what a century of data says about selling on the headlines. Last Tuesday, voters handed Democrats both chambers of Congress. On Wednesday, the Dow had its best post-midterm day in 44 years. On Thursday, more than $2 trillion in tech stock value vanished
A ghost story in pinstripes. A work of fiction: the conversation imagined here never took place. Public events referenced, including Stephen Miller's appointment as chief of staff announced on November 6, 2026, are drawn from news reporting. Steinbrenner's visit, Trump's change of mind, and
Rising volatility, foundational tech adoption, a booming and widening market. The call. The war has only delayed our market melt-up call, and as a result it starts now. An eight-month Iran war, fought directly rather than by threat and proxy as Coolidge handled Mexico in 1927, kept a
Why the midterms make the Tesla and SpaceX merger more urgent, and why the growth is heading to Florida. TSLA, SPCX. The governor who moved corporate America In 1913, New Jersey was where American companies incorporated. Its general corporation law had made it the legal home of the great trusts.
Thoughts, stories and ideas.
A whitepaper on outcome-trained specialist models, their compute economics, and what they mean for data-center demand, local AI, and the companies positioned to benefit, 2026 to 2031. Executive Summary The public story of artificial intelligence in 2024 to 2026 has been a story of scale: trillion-parameter language
The October Call lands, the refunding moves toward the Colossus Doctrine, and the Trillion-Dollar Discount still works. The short version The Colossus Doctrine holds that the Treasury should buy back its cheap long-term bonds, pay for them with short-term bills, and rely on bill demand created by
A patient-friendly whitepaper on how an institution-backed test, treat and retest model could change the course of chronic disease and medical spending. The central opportunity The ReBalU Longevity and Wellness Center Program is designed around a different question: can we identify a person's biological strain, address
Why visceral fat regain after GLP-1 treatment could leave you worse off. Executive summary The health risk after GLP-1 withdrawal is not simply that the pounds return. It is that abdominal fat and cardiometabolic risk can return while lost lean tissue and physical capacity remain incompletely recovered. In
How portable ultrasound with AI and the ReBalU Primed Cell Test can work together. A plain-English evidence summary for longevity and wellness centers from SOD Sciences: how visceral fat causes damage, its ties to sleep apnea and insomnia, its causal and correlational links to cancer and fatty liver, and
A JD Unfiltered financial and economic briefing. Series: The Real Rate on the 99-Year Clock. We believe a major acceleration in productivity is coming. In plain English, businesses will produce more for each hour of work, helping profits grow while easing pressure on prices. Our reading of the evidence
Biotech has reached the steep part of the curve, and AI is making it steeper. LLY, MRK, MRNA, RVMD, NTLA, GSK. JD Unfiltered Research. In six months, a pill doubled survival in metastatic pancreatic cancer, a single gene-editing infusion all but switched off a hereditary disease, and a vaccine
The final conclusion: agentic AI in the hands of experienced professionals comes for the big brokers, the banks and the ad companies. The 25-Year Small Public Company Descent to Hell, Part 4. Summary For three reports we have traced one phenomenon. For 25 years, greed, irresponsible regulation and brokerage
Why valuation does not survive the forces now reshaping AI, and why the company is racing to list before the market sees them. The argument in brief Anthropic is asking public investors to pay roughly $1.5 trillion to $2 trillion for a company whose most recent quarter brought in
How order flow agreements, not-held discretion, non-deal roadshows and rules nobody enforces let the trading firms see, and play against, every small company and its shareholders, and how to turn your cards face down. The 25-Year Small Public Company Descent to Hell, Part 3. Summary Part 1
The Gulf's desalination dependence, Iran's asymmetric water advantage, and why drinking water may be the hidden brake on US escalation. Strategic research whitepaper. Bottom line. Saudi Arabia, Kuwait, the UAE, Oman, Qatar and Bahrain get most of their drinking water from a small number of coastal
Anthropic's IPO and Meta's $95 billion financing plan put the same question before public investors: can AI turn extraordinary demand into durable cash returns, or will shareholders keep funding the buildout? AI capital markets. In 2000, Lucent Technologies described its $2 billion financing package for Winstar