spent the last two days in Miami workshopping how to invest in a post ASI world core takeaway - there will be millions of breakthroughs, intelligence is not the bottleneck. the ability to metabolize intelligence from discovery into implementation and profit is the bottleneck.

there is capital driven path determinism where deployed capex and investment dollars are heavily concentrated and highly dependent on the current regime and trajectory the inflexibility of existing capital deployment and the inertia of capital is a retardant to growth