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Why Real Estate is Expensive
Over half the price of a median Manhattan condo is a zoning tax. America's affordability crisis is policy-made — ranked by impact: zoning, permitting delays, rent control, then compliance.
Unnatural Progress
The telephone and the light bulb were invented in several places at once, which makes progress feel inevitable. Some things aren't — electric cars had no reason to exist, and neither does what we're building.
Reliable and Unpredictable
Reliable and predictable aren't the same thing. Reliability adapts to the situation; predictability just repeats. The best people and products manage both — stable enough to trust, surprising enough to stay interesting.
Chasing Trends
In Starcraft, by the time you scout what your opponent is doing, it's too late to change plan. Market trends work the same way — scouting tells you where your existing strategy can win, not which strategy to switch to.
Managing Up
Management can't fix problems it doesn't know exist, or reward work it never saw. Surface the problem, propose three solutions, then recommend one — that's the whole method.
The Automation Revolution
Half the managing partners at one firm don't use email daily. Their number one question is still "what can we automate?" — which tells you how painful the manual processes have become.
The "Big is Bad" Fallacy
Founders say they expect their values to degrade at scale, as if it were physics. Sam Walton wore a hula skirt on Wall Street and kept shrinkage at half the industry average — big going bad is a choice.
When Manhattan Was Purchased For $24
Selling Manhattan for $24 is the standard example of a terrible trade. At a 6.5% real return over 398 years, that $24 becomes $1.8 trillion — enough to buy the island back with billions to spare.
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