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Byrne Hobart
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In AI Exposure, Sometimes Worse is Better
ventures joint bubbles
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11 September
Mathematician at UCLA, working mainly in harmonic analysis and partial differential equations. Writes What's new, a long-running blog on their research, open problems and expository notes.
Bluesky A group of 25 Fields Medalists, including myself, have made a joint declaration on Math and AI: mathandai.org . We welcome additional signatories. See also this article in the Economist announcing the declaration: economist.com
economists Related
Mastodon A group of 25 Fields Medalists, including myself, have made a joint declaration on Math and AI: https://mathandai.org/ . We welcome additional signatories (similar to the Leiden declaration), as can be seen on the page. See also this article in the Economist announcing the declaration: economist.com
economists Related
9 September
Founded Bridgewater Associates in 1975 and led it until stepping back from control in 2022. Author of Principles, The Changing World Order and How Countries Go Broke; publishes economic analysis at economicprinciples.org.
Almost every technology boom creates a bubble, then a bust, whether it’s railroads, the Industrial Revolution, or the late 1920s. Think about the late '20s: electricity, refrigeration, telephones, radios, airplanes, and cars were all emerging at once. Naturally, people wanted to invest in these miracles. The danger is that people fail to distinguish the miracle from the investment. A technology can be truly transformative, but if the stocks are priced too high or bought on debt, you get a crash. That is the mechanics behind how bubbles form and burst. New technology will be great, there is no… energy Related
8 September
Co-founder and CEO of OpenAI; previously president of Y Combinator.
I spent much of the weekend talking with the team who did this work. Seb--and everyone else--acted with integrity and generosity throughout. Initially we believed the other team had also solved the problem. We wanted to collaborate and do a joint release. When we learned that they had Euler but not Navier-Stokes, we offered to let them go first, to suggest that they should be the ones to get the prize, and optionally for Tristan to be the lead author on a rewrite of the OpenAI proof. We felt it was challenging to offer the same to Levent (an Anthropic employee), who was not willing to talk or… Quoting @SebastienBubeck I would like to clarify a few things: 1) The screenshot is my reaching out to Levent to coordinate our releases. I hope it’s clear from the message that we came in with the best possible intentions. 2) I never ever asked for Levent to be removed from authorship of his own work (as indicated by my t… Anthropic OpenAI Related
Prime Minister of Canada since March 2025; formerly governor of the Bank of Canada and the Bank of England.
My joint statement with Prime Minister @AndyBurnham and President @EmmanuelMacron on the Two-State Solution: pm.gc.ca
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10 August
Indian value investor who taught Behavioural Finance and Business Valuation as an adjunct professor at MDI Gurgaon. He writes the Fundoo Professor blog about investing, moats and mental models.
I asked Claude Fable 5: "How vulnerable is the business model of XYZ (name concealed)? I am referring to competitive attacks from China and dependence, if any, on government policy incentives, etc. There have been so many solar energy and wind energy bubbles in the past, and I have kept away from these companies. Am I being too cautious? solar Anthropic Related
30 July
Author of The Simple Path to Wealth and of the jlcollinsnh.com stock series on index-fund investing.
27 July
Software engineer, Wikipedia editor and crypto critic; writes Citation Needed and runs Web3 is Going Just Great.
26 July
British open-standards and open-source technologist, formerly of the UK Government Digital Service and the W3C Advisory Committee. Blogs at shkspr.mobi, where he posts a book review most weeks.
Their words
It is mostly pretty good fun. The tropes are goofy, the gore is splattertastic and only rarely ventures into torture porn, the villains are suitably campy, and the wisecracking sidekick doesn't become too annoying.
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shkspr.mobi
10 July
Economist at the Hoover Institution; wrote The Fiscal Theory of the Price Level and blogs as The Grumpy Economist.
5 June
Writer and former Substack product manager; publishes essays and interviews on technology, culture and China at jasmi.news.
10 May
Author of The Lean Startup and Incorruptible, and founder of the Long-Term Stock Exchange, who advises companies on corporate governance and mission protection.
Their words
this idea is old enough that we now have a generation of people who have been raised as if this was a natural law. This is how capitalism has always been. But that's wrong. For the vast majority of the time, for hundreds of years, we have had joint stock corporations. Only the last 40 have we had this idea.
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19 February
Founded Bridgewater Associates in 1975 and led it until stepping back from control in 2022. Author of Principles, The Changing World Order and How Countries Go Broke; publishes economic analysis at economicprinciples.org.
3 February
American writer and long-term traveller. Blogs at tynan.com about travel, owning few possessions, habits and the gear he carries; author of Superhuman by Habit and Make It Big.
Their words
You still have to have to fight against the Apple blue-bubble brainwashing, but once you do you'll never go back.
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Gear Post 2026 tynan.com
19 January
Writer and researcher on China, technology and industry; author of Breakneck, research fellow at Stanford, known for a widely read annual letter.
I loved this joint review of Jia Zhangke’s latest feature with Breakneck by @kirenitynow Related
9 December 2025
Co-founder and co-chairman of Oaktree Capital Management; author of the Oaktree memos.
26 October 2025
Web infrastructure engineer and standards editor; chaired the IETF HTTP working group and co-authored core HTTP and Atom specifications.
"AI hucksters [...] will tell you that there is only one way that this technology can be used: to fire a whole ton of workers and make the survivors do their job at frantic Lucy-in-the-chocolate-factory cadence. While it’s true that this is the only way that their companies could possibly be worth the hundreds of billions of dollars that have been pumped into them (so far), there’s no iron law that says that investors in tech bubbles should always turn a profit." locusmag.com
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