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thematic Members 5 min read

The Companies That Treat AI as Infrastructure Win

“If the change outside your business is faster than the change inside your business, you’re going out of business. You just don’t know it yet.” – Jack Welch, 2000 Welch made that observation at the height of the first internet wave. Twenty-five years later, the same clock is running.

April 20, 2026 by Joe Zidle

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allocation Members Jul 14, 2026

Why AI Won't Kill Jobs or Prices

The dominant narrative around AI assumes two things: it will eliminate jobs, and it will be deflationary. Both may be backwards.

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thematic Members Jun 23, 2026

The Price War Started. Good.

Last month I argued that infrastructure booms follow one pattern. The builders create the conditions. The adopters capture the gains. What triggers the handoff? Price wars begin when three conditions converge: capacity, interchangeability and buyer revolt. Own what absorbs the cheap input.

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macro & strategy Members Jun 16, 2026

Built to Burn

The AI deflation narrative may be correct. At some point. Between now and that payoff sits $1 trillion in annual spending, a set of supply bottlenecks with multi-year resolution timelines. The oil deal will take some pressure off energy costs. Two rate hikes in the next twelve months are a floor.

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