Deep Dive
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California is the 5th largest economy in the world, but 43% of its own residents say the budget is a "big problem." So let’s take a closer look at the budget...
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Aug 28, 2026
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For two decades, investors built portfolios around a Fed that telegraphed its next move. Kevin Warsh has a different vision. Here is how the Fed works and what Warsh wants to change...
Jun 18, 2026
Trending
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We are still completely underestimating how short we are in terms of the global demand and supply dynamics of a handful of critical minerals that we need...
Apr 15, 2026
The U.S. spends $5.3T a year on healthcare, yet patient medical records are often fragmented across more than 10 disconnected systems. Its core architecture has...
Mar 26, 2026
In my 2021 Social Capital Annual Letter, I warned that a demographic time bomb was already ticking. Since then, the U.S. total fertility rate has fallen another 4% to a record low of...
Mar 12, 2026
It was fascinating to research about a $5T economy that functions largely out of sight while affecting everyone in America. Food continues to reach consumers, but several constraints are...
Jan 21, 2026
From 1900 to 2000, new grid power capacity increased 10x every 30 years. In the last 25 years, it has only grown 1.3x. The U.S. electric grid is rated by engineers at a D+ and now stands as our...
Dec 3, 2025
What role does China play in the global economy and what role does it want to play? Does Beijing see the U.S.-led world order as something to join, bend, or break?
Nov 7, 2025
How did a country once known for cheap toys leapfrog into EVs, solar, and AI? How far will China’s newfound assets allow it to scale before its debt and demographics start to weigh it down? Read on.
Oct 2, 2025
Many people talk about a “race” between the U.S. and China. In investigating China from that paradigm, we have to understand its strengths in relation to the United States...
Sep 3, 2025
What are the structural problems that the Trump administration is focused on solving? What is this administration’s vision for America? What are the implications for entrepreneurs and investors?
Mar 24, 2025
How do federal agencies work in practice? How have federal agencies contributed to government expansion, and what reforms could streamline their operations in the future?
Oct 30, 2024
Where is India’s economy today and where might it be tomorrow? From demographics to geopolitics, what are the key factors that will shape India’s economic future?
Oct 1, 2024
How do drugs interact with biological processes in the body? How does drug development work? Why have companies developing novel drugs seen poor returns over the past decade?
Aug 9, 2024
How much does the U.S. spend on defense? How does the defense industry work? What will the future of defense look like tomorrow?
Jul 2, 2024
