Utterly Bizarre
The S&P 500 and Nasdaq both ended the week at record closing highs. For the week, the S&P 500 was up close to 1%, while the Nasdaq rose about 3.3%.
AI, crypto, the time spent on smartphones and social media—what will the people around 20, 50, or 100 years from now think of all of this?
So many of the things we take for granted today were unimaginable to most people 30 years ago and would have seemed downright science fiction to people 60 years ago.
When we look back a few decades, there are plenty of things that seem utterly bizarre to us today—and a lot more things the further back we go.
Today, stock markets are filled with optimism about the future. Much of this future is one we’ll be happy to live in and enjoy the quality of life the progress of technology will bring.
Whether or not that optimism should be as widespread in the valuations we see in the stock market is another question—and one in which the future will decide just how bizarre this history comes to be known.
“The true value of history is that it reminds us of how infinite are the ways to be human; of how utterly contingent are our own circumstances; of how inevitable it is that much of what we take for granted will be viewed by later ages and peoples as utterly bizarre.” —Tom Holland
Tweets of the Week
In Case You Missed it…
The Interview: From Amazon to Space — Jeff Bezos Talks Innovation, Progress and What’s Next (video)
The Gen AI Bridge to the Future - by Ben Thompson
Invest Like the Best Podcast: Chetan Puttagunta and Modest Proposal - Capital, Compute & AI Scaling
Talking Billions Podcast: Brent Beshore: The Biggest Lessons from the Messy Marketplace
This Private Equity Fund Gets Billionaires Like Steve Cohen To Coach Its CEOs
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