Latest Interviews

The New AI Trades

Ryan Hammond, Allison Nathan

In early 2026, software stocks suffered a 25% valuation collapse as forward earnings multiples compressed, while investors grappled with AI-driven disruption risks across sectors like legal and media. Simultaneously, five U.S. hyperscalers are projected to spend $660 billion on capital expenditures this year, a surge consuming 90% of their operating cash flows that has forced reduced buybacks and increased debt reliance. Amidst these headwinds, Goldman Sachs forecasts an S&P 500 recovery driven primarily by 12% fourth-quarter earnings growth and a market rotation toward cyclical sectors rather than AI-centric leaders.

99.9% of the internet is about to be AI?

Alex Blania, Molly O'Shea

World and Merge Labs have secured a direct $250 million partnership from OpenAI to simultaneously combat AI dominance by building a 37-million-user "Proof of Human" network and developing a high-bandwidth brain-computer interface through a new research division. Led by Alex Blania and featuring founding members from Caltech and Forrest Neurotech, the initiative aims to integrate biometric verification into major platforms within months while advancing minimally invasive neural technology with a 15-year consumer roadmap. These dual ventures utilize zero-knowledge cryptography and ultrasound-based sensors to create an anonymous, privacy-preserving ecosystem that generates revenue through network integration fees rather than data sales.

How to protect your investments from an AI bubble | The Economist

Joshua Roberts, Rosie Blau

Investor sentiment regarding artificial intelligence has shifted from optimism to apprehension as analysts draw parallels between current valuations and historical technology bubbles where share prices vastly outpaced earnings. While traditional hedges like bonds and gold have proven unreliable during recent market turbulence, experts highlight high-dividend and low-volatility equities as more effective defensive strategies. Ultimately, the prevailing consensus advises against timing exits during downturns, reinforcing a long-term "buy and hold" approach as the most robust method for navigating potential market corrections.

Is Takaichi Sanae the most powerful woman in the world? | The Economist

Takaichi Sanae

Sanae Takaichi became Japan's first female Prime Minister after securing an unprecedented LDP majority, launching an aggressive push to expand defense spending to 2% of GDP and revise the constitution to formalize military status. Her administration has explicitly abandoned strategic ambiguity by asserting that a Chinese attack on Taiwan constitutes a threat to Japan's essential interests, a move that triggered severe diplomatic retaliation and a tourism ban from Beijing. This hardened security posture aims to counter China's rapid military expansion and reduce reliance on the US alliance, though it creates significant domestic and international hurdles for her constitutional revision agenda.

End of an Era A Conversation With NBA Great Kobe Bryant | Global Conference 2016

Kobe Bryant, Jim Gray

In a candid reflection on his 20-year career, Kobe Bryant explains that his retirement was driven by an internal desire to pivot to storytelling and media rather than physical decline, a decision made independent of team performance or his 60-point finale. Throughout the interview, he details an evolved leadership philosophy centered on "brutal honesty" and the "hero-villain" dynamic, while affirming his enduring mentorship bond with Michael Jordan and reconciled relationship with Shaquille O'Neal. Bryant concludes by urging athletes to cultivate passions outside of sports during their prime, highlighting his current focus on creating fantasy-infused narratives through his "Kobe, Inc." ventures to transform how sports stories are told.

Still Bullish on Gold

Lina Thomas, Chris Hussey

Competing demand from central banks and private investors is driving a self-reinforcing rally in gold prices, while Goldman Sachs forecasts a 2026 target of $5,400 based on declining Federal Reserve rates and fiscal debasement fears. The silver market is experiencing extreme volatility due to a severe liquidity squeeze in London vaults, which Goldman Sachs expects to persist despite the metal's potential as a speculative vehicle. Although geopolitical tensions are fueling broader commodity stockpiling, the firm distinguishes gold's constrained supply as superior to the scalable nature of non-precious metals like copper, which limits their capacity for a sustained super cycle.

How much tax should the rich pay? | The Economist

Henry, Mike

Contrary to narratives of neoliberal rollback, recent data reveals a "Robin Hood economy" in the developed world where increased government redistribution has stabilized post-tax inequality despite rising pre-tax disparities. While U.S. top earners now contribute a larger share of federal taxes as high-earning professionals rather than evaders, polling indicates a persistent public perception that their tax burden remains insufficient. This economic reality clashes with philosophical debates between Henry, who warns that fairness requires limiting taxation to preserve incentives, and Mike, who advocates targeting negative externalities and consumption rather than income or capital.

Why OpenClaw Broke The Internet

OpenClaw distinguishes itself as a local AI agent that executes autonomously on user hardware with full permissions to interface directly with IoT devices and control physical environments. By leveraging comprehensive access to a user's entire local dataset, the system successfully reconstructed detailed historical narratives from forgotten files to deliver deep, unexpected insights. Unlike cloud-based competitors, this platform grants users granular control over their digital footprint while enabling direct interaction with tangible assets such as vehicles, appliances, and smart beds.

Inside The Life of Silicon Valley's First Athlete Investor | Magic Johnson

Magic Johnson, Chris Lyons, Earvin "Magic" Johnson, Michael Ovitz, Dr. Jerry Buss

Magic Johnson outlines the strategic transformation of sports franchises into billion-dollar assets, highlighting how ownership shifts toward equity over endorsements and leveraging high consumer demand alongside mobile streaming trends. He details a diversified investment philosophy that prioritizes cash-flow-positive sectors like healthcare infrastructure and AI, while emphasizing the critical need for athletes to build capital reserves and secure mentorship to navigate complex deal executions. Ultimately, Johnson advocates for a collaborative approach where established figures share knowledge and networks to democratize business access, enabling the next generation of athlete-entrepreneurs to capitalize on emerging markets such as women's sports and the NIL economy.

Inside Jake Paul’s Empire: $200M Boxing Earnings to $65M+ Tech Investing

Jake Paul, Geoffrey Woo, Molly O'Shea

Founded by brothers Jeff Wu and Jake Paul, Antifund deploys a flexible $65 million investment strategy targeting early-stage seed rounds through IPOs to capitalize on the cultural dominance of Gen Z and Millennial demographics. With the recent addition of Logan Paul to partner roles, the firm leverages the siblings' vast networks and "unfair advantages" in media to build a portfolio focused on AI infrastructure, robotics, and defense technology. Their operational model prioritizes extreme time efficiency and high-output lifestyles to drive a long-term target of 5x returns while mentoring a new generation of entrepreneurs through upcoming summit events at their Texas ranch.

Fundamentals Still Matter: Lone Pine’s David Craver

David Craver, Tony Pasquarello

David Craver of Lone Pine Capital argues that structural shifts in market volatility and valuation norms have created a favorable environment for duration-based fundamental investors who focus on secular growth themes. Leveraging deep private market insights and a concentrated strategy, the firm maintains a bullish stance on AI infrastructure as a generational platform shift while anticipating a mid-term phase where established incumbents leverage technology to drive efficiency. Craver emphasizes that his investment discipline relies on rigorous fundamental analysis and the flexibility to adapt when facts evolve, positioning the firm to capitalize on the predicted disruption in top market cap names by 2035.

‘Affordability’: Consumer Concerns and Government Proposals

David Mericle, Alec Phillips, Allison Nathan

Amidst a persistent housing affordability crisis driven by regulatory constraints and construction labor shortages, the administration has relied on reactive executive orders to utilize Fannie Mae and Freddie Mac capacity rather than enacting comprehensive legislative reforms. While these measures aim to modestly lower mortgage rates through increased mortgage-backed security purchases and a ban on institutional single-family home purchases, they fail to address the root causes of supply scarcity or deliver immediate price relief for homeowners. Future policy focus is expected to shift toward zoning incentives and speculative tariff rebates, though significant progress remains hindered by the need for congressional approval and the long-term nature of structural housing deficits.

Binance CEO: 4 Months in Prison, $4 Billion Fine, and What Comes Next

Friedberg, CZ, Chamath

Changpeng Zhao, a Chinese-born entrepreneur who co-founded Binance in 2017 after pivoting from a Shanghai IT startup, served a four-month federal prison sentence in 2024 following a guilty plea to banking secrecy violations. His legal resolution involved a significant sentence reduction, leading to his immediate release to the UAE and a full presidential pardon in early 2025 that facilitated the company's renewed U.S. operations. Post-release, Zhao has shifted focus toward AI-driven crypto education and infrastructure development, prioritizing non-speculative utility while emphasizing emotional stability and consistent execution in his business philosophy.

Stock Market Shakeout

Shawn Tuteja, Chris Hussey, Sean Tatasia

Following the most significant volatility since the onset of the COVID pandemic on February 4th, U.S. equities underwent a structural risk reduction driven by excessive long positioning rather than a fundamental market shift. Despite record shorting activity and a divergence between legacy tech and cyclical sectors, the bull market thesis remains intact supported by 11% earnings growth and strong macroeconomic indicators. Market strategists now recommend capitalizing on the recent dip by shifting focus toward the "AI productivity" phase, targeting non-technology companies like banks and retailers that leverage artificial intelligence to improve margins.

Looking Back: A Conversation With Five-Time Super Bowl Champion Tom Brady | Global Conference 2018

Tom Brady, Jim Gray

Tom Brady confirmed his intention to play through the 2018-2019 season and into his mid-40s by attributing his longevity to the TB12 method's focus on pliability and his refusal to accept injury as inevitable. Addressing the Super Bowl LII loss and his relationship with Coach Bill Belichick, he defended the coaching staff's decisions while acknowledging his wife Gisele Bündchen's role in negotiating his retirement timeline based on family well-being. Beyond the field, Brady emphasized a leadership philosophy that prioritizes internal validation and organizational humility, aiming to inspire a broader cultural shift toward proactive health management.