May 26 2023 / Article
The infinite value of exploring challenging ideas [14 minute read] How open-minded are you? Let’s conduct an experiment… Keep an Open Mind Back in March I gave an interview to my friend Jules Evans. It was different to any interview I’ve given before....
May 17 2023 / Article
A quick update on the investing mystery of our age [5 minute read]. There’s a mystery at the heart of the global economy, and it will determine the fate of trillions of dollars of long-term wealth. At the start of this year I tried to summarise the dominant...
May 13 2023 / Article
Learning about success from a big...
May 9 2023 / Video
Tom Morgan appears with VettaFi finiancial futurist Dave Nadig, Resolve Asset’s Adam Butler and options trader Kris Abdelmessih to discuss big-picture trends around AI and competitive...
Apr 29 2023 / Article
What makes Warren and Charlie so different? [15 minute read]. Next week will see the annual migration of the world’s nerdiest herd of wildebeest across the plains of Omaha to the Berkshire Annual Shareholders meeting. There they hunch over the trough of...
Apr 24 2023 / Article
Our survival may depend on it. [7 minute read]. “The Sorcerer’s Apprentice” is a Goethe poem made famous by Disney’s “Fantasia”. It tells the story of a young boy who, after being left alone with his master’s magic,...
Apr 10 2023 / Article
“Taste Matters” Peter Teneriello, Director There’s a concept in filmmaking called auteur theory: that moviegoers should recognize the director’s touch onscreen. In fact, the best movies should be inseparable from their directors—no one else could...
Apr 10 2023 / Article
A defining question for the next decade. [8 minute read] One of the most helpful framings to understand markets and politics in the Western world has come via N.S. Lyons’ distinction between “Physicals” and “Virtuals.” The virtuals tend to be...
Apr 3 2023 / Article
Why I do what I do. [10 minute read]. The pause in my writing as my new firm Sapient Capital went independent has given me some valuable time to think about what I’ve been trying to accomplish over the last few years. Why do I write what I do for...
Mar 18 2023 / Article
I promised I wouldn’t do it, but these are unusual times…. [7 minute read] The former principals of The KCP Group have formed Sapient Capital! This new Substack is titled “What’s Important?” Sapient’s motto is “we know what’s...
