The New Year shouldn’t really get going until after Epiphany. I’m not a Catholic, but I think the Holy Nights are a time for prayer and looking inward.
Alas, we seem to start the new near with a bang every year now. Concerns about Iran’s currency crisis was the big story in geopolitics as the chattering classes concerned themselves with socialist mayors in America were going on about collectivism’s warmth. I will take frigid individualism thanks to
Today I woke up to news of an early morning “snag and bag” of the President of Venezuela Nicholas Maduro and his wife being taken my American troops to stand trial.
The front page of the New York Times around 11am GMT
I’m in Europe so we had a bit more time with the news before Trump addressed the nation. It’s a little chilly where I am and I’m still worked up about the the warm fuzzy communism of the Zoomer youth who seem to think all problems are solved with more money and never seem to realize that it comes at gunpoint.
And despite running on an explicitly anti-war platform, Trump is now giving a press conference suggesting American oil companies are up for a forever war run by Marco Rubio. Rough day for our Secretary of State who is also probably as worried about Iran as anyone.
I suppose it’s now or never for a number of things. Toppling regimes named as narco-states and cutting off oil and capital flows as China does exercises in the straits. Things are malleable indeed.
Benjamin saw the logical result of fascism is to introduce aesthetics into political life. A hundred years later we have cultural war politics to serve as spectacle instead of transforming material conditions.
So I am horrified to have spent my New Year’s in Sarajevo only to see a socialist taking on the mayoralty of America’s most important financial center.
To go from seeing the history of a hundred years of European continental war to watching bratty millennial nepotism play act at collective action is frankly not a positive development.
Millions of Europeans did battle with communism and in America we are so coddled the swearing in ceremony of New York City’s democratic socialist mayor is celebrated.
If misery loves company then we should all suffer equally is a less aesthetic way of saying we are all in it together. Or as Sebastian Junger said “It was better when it was bad”
And I got to about May and realized I didn’t feel like I needed to put more into the organization. I had 4 medical procedures involving surgery. My father died. My best startups all raised rounds to scale. You can find your own way from there. It’s been a hard year despite the wins.
Much as it amazes me, I have written a public post every single day without fail for five straight years. I’ve not missed a single day.
I’ve written so many posts and essays, it honestly astonishes me. I didn’t expect to have this kind of longevity when I began but the world changed a lot in this past half decade. I am a woman of habits & routines, this blog helps me manage the chaos and instability that surrounds us. And hopefully I’ve become a better thinker (and writer) for this habit.
So now it’s time to think about year five of the experiment. 2025 was a hard year for me even as it contained incredible wins. Going into it, I wondered how could year five top the past four years chronicled here? It both does and it doesn’t. Life, and the time we spend living it down, isn’t getting any easier. Life is barely human at all anymore. I feel the struggle in myself as I am still very much human.
It’s easy to feel as if I’ve not accomplished as much as my own written records show I did. If you ever feel like you get less done than you’d like, I encourage you to keep a log or journal as it helps show how much can do and how much does get done. Plus if you publish it online you’ll contribute to a wider humanistic understanding as our digital life becomes more mechanistic.
Another facet of this writing experiment has been fighting a chronic disease in my personal life that has no cure. Managing disabilities during with the pandemic years as it overlaid civilization shaking political and technological changes has been hard. I want to work and live as if I am healthy and it isn’t likely to ever be true. I work smarter because I can’t work harder.
I don’t always write about my investments in these posts, but I see how my thesis of chaos has forced us all into requiring more decentralization, compute and power. My once weird ideas are now common knowledge. Now everyone agrees with me.
The end of the neoliberal consensus and the beginning of the artificial intelligence buildout would have been hard on anyone. I’m proud that I was able to turn this change to my advantage.
I realize I’ve written quite a bit about the experience of these years where I wrote daily without showing off the last year of posts.
Since I’ve got one more day before 2025 officially ends, perhaps I’ll put the round up of posts tomorrow as I’ve given an overview of the experience of half a decade of daily essays today. What’s one more day among thousands right?
There can only be one. One white boy. Oh no, sheesh we didn’t mean in the department. What on earth have you been reading? There is room for everyone to have a seat at the table in our modern world. Just one seat though. Were you expecting there would be more?
There can only be one Highlander. You know, the Scottish warrior Connor Macleod who is part of a race of immortals who must battle it out, do not age and only die if their head is taken? There can only be one of him. Except it’s a whole race. I don’t know how that works to be honest.
Immortals are driven to fight each other in “The Game,” where each beheading transfers power via a mystical energy surge called the Quickening, with the last survivor destined to win “the Prize,” a vaguely defined ultimate power. via Wikipedia
This very popular 1986 movie set between 1630s Scotland and 1980s New York City somehow turned into a mega-franchise with spin-offs and animes. It didn’t start out that flashy. I mean really look at how much content they had to pack into this poster to get people into the theater.
These days content usually the other direction, from anime to tv show to movie, but such was the power of Hollywood and its capacity for distribution in the eighties. Being a Baby Boomer movie director seems like it might have been a trip.
Things are not so rosy for the profession these days. Especially if you are a quirked up white boy like Duncan. We’ve lost them you see. This is a source of much consternation in the discourse. The children of the Higherlander generation definitely thought they would be more than one winner.
We’ve lost a whole generation of white men to diversity initiatives (launched by other white men) even though the lore being produced (by said white men) that white men were rightly battling it out for just one seat. The prize of real ultimate power seemed pretty clear. There can only be one.
Or at least this was the premise mythical of stories from ranging legendary Arthurian kings to actual Caesars of the Roman Empire. There wasn’t a team of Alexanders Who Were Pretty Good. The prize of real ultimate power is the stuff of myth. Sure actual power sharing is more complicated but humans love a final boss.
The American white boys (probably Ulster Scots) are suffering for the widening power sharing agreement reached in the great awokening diversity initiatives of the last generation. And no one even bothered to tell them until their hit middle age and didn’t end up as Highlander. We mostly told them it sucks to suck. You racist little shits just can’t compete.
I gather it wasn’t so bad when your enemy was other quirked up white boys. I don’t emotionally understand why as I was always expecting to have one seat as a token white girl. I must be less bothered having had lowered expectations. There is only one queen right? But there are lots of handmaidens if you are lucky.
Now if you want to be the Highlander you have to fight the whole globe. Highlander might be an Indian girl or a trans Guatemalan. That damned Netflix always caving in to the social expectations of elites forcing their luxury beliefs onto the suffering under class of millennial white boys. Didn’t you read JD Vance’s book? The American underclass is dysfunctional and suffering. They deserve it right?
But did they suck? Ah now that it’s too late we finally get to have the conversation about having deliberately changed the demographics of the elite winners of the Prize in American.
Which I assume is a wife, two kids, split level suburban home and a compact car. They weren’t expecting to be king. Maybe king of the cul-de-sac. And if you were forty in 2014 you didn’t get that. Well some of them.
Millennial American white boys expected they would have more seats at the table (having mostly seen themselves in power) rather than fighting it out to be Highlander.
Which is weird since I assume they saw the same movies, tv shows and animes as the rest of us. It’s hard out there for everyone. And the great game includes Everyone.
Zoomers get it. Shame it requires so much beheading. We’d better divvy up the spoils a bit more before the Highlander comes for our heads eh? Come on, at least give the boys a pilot or a term sheet or a job offer before this gets ugly. Just ask JD Vance.
Without getting into too much detail about my travel schedule I will say I’ve visited a few places with a lot of construction this year.
I’m talking about cranes on every corner level construction. If I did a full rotation as if I were Michael Bay getting an action shot, I’d see a half dozen cranes putting up major construction projects.
In some European cities (not the western ones) I saw entire neighborhoods being rebuilt from old multi-family buildings to massive mixed used developments. Cute streets and courtyards be damned, the millenial families want Instagram housing from Tallinn to Tirana.
Their elders are confused but new families need new condominiums. Let’s just hope they remembered to plan for water, power, and other infrastructure needs like new roadways. I’ll admit I’m skeptical in many cases. Maybe it’s good that they are just building willy nilly as it’s not like we get infrastructure investment without the pressure of new families demanding it.
Americans don’t see this amount of construction regularly and it is both inspiring and also a mess of pollution from debris to noise. It’s pretty miserable if you happen to enjoy walking. It is also miserable to live with.
It almost makes me sympathetic to the whines of older residents who want their homes to be worth more and use the chaos of new developments as a cudgel to stop new housing from being built.
There was a time in New York City when I first arrived there when it felt like new buildings went up all the time. You’d complain about jackhammers, trucks, and the ugly protective sidewalk sheds that are meant for safety.
I even knew a venture capitalist who left his job to make a classier sidewalk shed as the damn things almost never come down in a city under constant improvement.
I went through ULURP or Uniform Land Use Review Process hundreds of times in just a few years as an appointee in the community board system.
All anyone can do is complain about the lack of new building and construction. And who can manage to overcome the slog to build let alone turn a profit. American processes for building are more “cranky man tells at clouds” local meeting hell than Robert Moses.
Maybe the YIMBYs (I myself am a yes in my backyard sort) are barking up the wrong true with red tape reform efforts. The strongmen cut the Gordian knot of land reform by simply not giving a shit about process.
The Zoomers are ready to rage for radicalism with their reactionary political entertainment industry. It’s unclear to me if those types would remember to incorporate waste water treatment in their plans. It’s not hard to go from bullshitting to being covered in shit. So that’s worth considering too before we get too excited about a new round of futurism.
As much as I’m trying to salvage the end of my year by taking it slow, I’m still keeping myself plugged in. There is no unplugging in our hyperreality.
I’ve accepted this is a part of being human for the time being. I don’t struggle with internet addiction even if understand how it can be for others.
So here I am keeping an eye on various market movers like central bank rate cuts and earnings calls. It’s a shame I didn’t go into banking as it’s a lovely hobby I just happen to enjoy it watching the data go by.
The intake of long insight and slow instincts interplays with short data and animal spirits if you can stomach it. For me at least I don’t make moves based on any given day.
I find impossible to make much sense of the here and now, so the best I we can do (at least those suitably complex situations) is make very long plays or extremely short ones. I wouldn’t want to plan for a middle distance. Pity the politicians operating on two year schedules.
I’m glad I make long plays if it’s a choice between long and short. I wouldn’t want to edge out small gains in the algorithms like my quant friends do. Too much is out of distribution and nothing is ever really priced in. Cliff Asness is right. Markets have become less informationally efficient. Information becoming free made insights almost impossibly expensive.
For me it’s silly to make grand claims of sensemaking as we bumble from “so over” to “so back” by the hour. I’ll never compete with that.
What do we need over the next decade? How about two or three? That’s my plan. Anything else risks tip toeing between hyper tulip mania and the deepest depths of the Great Recession trough. I’m amazed we’ve shaved off volatility as long as we have. Apres Boomers, le deluge? Reality feels like hyperparameters are deliberately set to dumb.
And so Wendell Berry is now percolating up not just through the permaculture hippies, Monsanto fighting eco-terrorists and nouveau TradCaths but in the feeds of my design hipsters too.
Williamsburg taste by way of pastor parents has found its way back to the Kentucky poet. Back to the land didn’t take for the Boomers but maybe this time it’s different. (Only if you are landed gentry).
Like anyone who has worked corporate retail, I keep a close eye on Black Friday narratives. I named a few sales I thought were particularly unusual in my beauty blog based on how I shop for myself on Black Friday. I am a very value driven customer even though I will spend a lot with a brand who earns my trust.
I’ve found there to be less and less worth shopping across fashion, beauty and other consumer goods. Still I do use the holiday to strike a better bargain with a brand I might consider becoming a regular with.
Now you have to wonder about higher end customers who use Buy Now Pay Later options like Klarna. Is this just an extension of the freedom we afford luxury consumers in their lives if bizarre credit choices. Why not spend a little more to not require additional liquidity. Maybe that is a more efficient way of social signaling on Instagram for some. I think I’d be worried about that consumer. Their defaults are on another planet.
As for myself I like buying an extra retinol serum and some fancy shampoo. I am not buying $400 moisturizers being resold by Quince. Thats just a little too odd for me. But maybe I will get those weird recovery boots. I wonder what luxury purchases that don’t use extending credit say about my financial niche.
I’ve been intermittently online (as opposed to extremely online) this week what with the travel and the holidays. So I decided to use the Twitter algorithm to catch up on what the “Everything Platform” thinks I should see.
Which I realize is a bit like saying I’ll just have a little bump to see what is driving the rest of the club insane. I knew it was a bad decision and I fully endorse only using social media without algorithms. I generally use my following list in a chronological feed and stay away from image or video driven social networks.
But I am in many information flows that are built to grab attention and normalize information outside our Overton Window of current civil society consensus.
I was taught this was a good thing as a child. Reading and reconciling conflicting arguments was an important democratic norm required of all responsible citizens. I also understand as an adult that this exposes me to propaganda made by any number of sources.
Now you can judge my information sources but I value both of them and they had a common theme. Women, and in particular the wives of powerful men, are the keeper of m civilizational standards and used for this power. This message came from two very different places.
One is widely known indie founder who writes about doing business in Europe and the other is a publisher of books outside polite discourse messages as well as my neighbor in Montana.
Both accounts took me down different uses of the matter. Though both have share other accounts I’d consider right conservative populists. One was about an interview with Nicole Shanahan the ex-wife of Google co-founder Sergey Brin, former running mate of RFK Jr.
She discusses how the wives of wealthy startup founders are finding causes that are not actually helpful to their intended purpose and are perhaps even actively harmful. It uses some language that is tied to a number of conspiracy adjacent words like the Great Reset and the World Economic Forum.
It is still fair game as a civic polity might ask about the responsibility of the wealthy pretty regularly. I do think Silicon Valley wives are a new vector to watch as a pressure point though. I better watch it as if the tech billionaires’s ex wives are under watch, I can’t wait to see how their less powerful (but much more numerous), Girlbosses will be scrutinized.
This video sent me right into an interview Jonathan Keeperman aka Lomez doing an interview with right populist pressure researcher Christopher Ruffo. He who made critical theory and Critical Marxism a household issue in Republican America.
Lomez has an essay about the feminization expressed in the longhouse. I won’t do it justify by doing a synopsis but Vikings had longhouses and so do plenty of other cultures. This is not all together a positive portrayal of women’s role in civilization but certainly as its driving force.
Algorithms refine down to clearer distillations. Smoothing functions are revealing of form after all. And I think it is interesting that Silicon Valley liberal ex-wives are being shown against the backdrop of norms enforcing regular mothers, wives and guardians of the good life the Karen.
The Karen was once a liberal nightmare and it is an interesting space to replace for the culturally conservative, especially as the Zoomer incel nihilist view is raging across the internet like a prairie fire. So that was an interesting gradient from a European founder to my neighbor.
I’d also say it’s exactly why I don’t read from the algorithm. I fundamentally agree with different positions expressed here but mane not in ways you’d expect. I’ve seen the pressure we place on women in certain social contexts and we make them feel crazy for being the balance of norms but also being hated for it if we don’t chose the ones our clique or social context prefers. My algorithm wants me to understand the narrow band I walk on. Fucking dicks.
Most religions, and many flavors of political governance, focus on dangers of consumer markets and the dangers of overweighting and overvaluation of material things.
It’s just that if we look at the subject from a different direction, it’s quite clear that humans love to make things. Sure we focus first on shelter, food and water but we quickly use our excess capacity to produce. Climbing up Maslow’s hierarchy we look for ways to make things for ourselves and others. If we make surely we must use?
So much of our lives are dedicated to the making of things. We have children. We make tools that make the making of our needs easier and faster. We make art and music. We adorn ourselves with decorative objects.
So why is it that the consumption of the things we make as humans have such a bad reputation? If we didn’t consume adequate food we wouldn’t be able to reproduce. If we didn’t make and use shelter those offspring wouldn’t live to adulthood.
It seems to me that as in all things we make we do so as part of our commitment to being in a community with each other. A Buy Nothing Day may seem necessary when the balance tilts too far from making to consuming but each and every one of us is enabled to make wonderful things for each other. So go shopping if you like.
