I’m good.

This was one of the more interesting conversations I've had on the show this year. Johann Kurtz is the author of Leaving a Legacy. A book about how wealth comes with the responsibility of duty over one's dominion, how wealth should be passed down and why the trend of boomers spending all of their money or giving it to charity is a travesty. https://fountain.fm/episode/flE3Z0T8pPmESN5MObWr

I don’t recall ever being invited to this show.

The Trump administration seems to be leaning into industrial policy in the same way that the politicians of James J Hill's time were in an attempt to build out the American rail system. Central planning never works, and I find it hard to believe it will work in this context.

Thanks for having me on! Thoroughly enjoyed the conversation.

It feels like the internet is breaking much more frequently than it used to.

A lot of victim mentality from bitcoiners during this chopsolidation phase. Stop complaining. Attack. Get your bitcoin off the exchange. Teach others how to self custody. Convince your local Square merchant to turn bitcoin payments on. Move your life to a bitcoin standard.

Skating can teach you so many lessons about life. Rodney Mullen is GOAT'd. https://www.youtube.com/embed/DBbmNAZWq-E

When did take my spot on RHR?

If you are using bitcoin privately, the government will assume you are doing something nefarious and label you an enemy to be dealt with. This is wrong and it needs to stop. #freesamourai

Earlier today I re-watched this mini-doc on James J Hill and how he succeeded during the railroad boom despite refusing government subsidies that were plentiful at the time. He focused on efficient capital allocation and investing in civilization. Part of his success was derived from how simply he set the goals for his company. "We must operate: - the fastest locomotives, - to pull the longest trains, - with maximum tonnage, - over the straightest tracks, - using the least change in elevation, - with minimal maintenance costs." Every capital allocation decision he made focused on achieving these goals. It's hard not to think about the AI boom and all of the government investment going into the sector these days after watching this. How many opportunists are circling their wagons to feed from the government trough at the moment? How efficiently is that easy money going to be allocated? Who in AI and the booming energy infrastructure industry budding around it is taking the hard but lucrative path that James J Hill took during the railroad boom? https://www.youtube.com/watch?v=qFB1K1fXxYY