An early finding from research for a future piece: A neurologist and neuropsychologist I interviewed pointed out to me that the essence of mindfulness is to sit with one's thoughts and not pass judgment. But social media is often a slot machine designed to induce the compulsion to comment and pass judgment on *everything*, and is in this way precisely the opposite of what millennia of wisdom has revealed is one key to a good life.
Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis Loans of around $13 billion have remained ‘hung’ for nearly two years, weighing on banks’ balance sheets * The resulting write-downs have hobbled the banks’ loan books * "Twitter isn’t only the biggest hung deal by dollar amount since the 2008 financial crisis but one of the biggest of all time" (gift link) https://www.wsj.com/tech/elon-musks-twitter-takeover-is-now-the-worst-buyout-for-banks-since-the-financial-crisis-3f4272cb?st=c98dc9gatf4xozt&reflink=desktopwebshare_permalink
AI is in a massive bubble & a ton of startups will fail, a lot of the value of big tech companies is going to be destroyed, and this level of revenue for NVIDIA is not sustainable. There, I said it Also I said it at length in this week’s column: https://www.wsj.com/tech/ai/the-ai-revolution-is-already-losing-steam-a93478b1