Napkin Math

Profit and power in technology.

Jul 19, 2023

Of Course You Can Beat the Market

Free your mind from the Efficient Market Hypothesis

Feb 24, 2022

Joe Rogan: The Platform-Proof Creator

Spotify’s No-Win Predicament

Mar 9, 2022

How To Get Leverage On Your Ideas

The Power Output Equation

Jun 21, 2023

AI Can Construct a Trading Strategy Now

And it means there are big changes ahead for what software can do

Mar 20, 2024

Why Polarity Pays

The complicated social and financial incentives at the heart of online publishing

Mar 25, 2024

How to Make Millions on Discord

A new distribution channel has opened

May 1, 2024

The AI Hardware Dilemma

Why new devices are flopping—and how they might succeed

Dec 6, 2023

The Impossibility of Being Charlie

RIP to nerd Jesus

Apr 15, 2024

Distribution Is King

What video games can teach us about building billion-dollar companies

May 29, 2024

The Art of Scaling Taste

How MSCHF turns irreverent ideas into a real business

Sep 6, 2023

You Need to Know What You Are Betting On

How to think about investing in a startup versus a public company

Aug 17, 2022

What is an Asset?

Plus a new course from Napkin Math!

Jul 12, 2023

OpenAI’s Code Interpreter Is About to Remake Finance

Get in, loser—we’re disrupting Oracle

Sep 1, 2021

Content Moderation Double-Bind Theory

The market failures damning content to ever increasing sensationalism

Jan 15, 2025

God Is in the Bubbles

The politics of progress has a new manual

Jun 29, 2022

Look On My Works, Ye Mighty, and Despair

I Have Some Thoughts To Share

Jan 23, 2025

Why Is Jensen Huang $120 Billion Richer Than You?

Hint: Nvidia’s success is based on much more than chips

Aug 24, 2022

Finance is Narrative Not Numbers

The Subtle Art of Manipulating CFOs

Nov 23, 2021

How Do You Compete with Free?

Notion: The Embattled Artist

Dec 4, 2023

Death of a Flywheel

Amazon and Berkshire Hathaway got really big. Here’s why it might kill them.

Aug 12, 2021

Is Facebook Fixable

A Review of An Ugly Truth

Oct 23, 2024

How to Win Arguments and Manipulate Managers

Make your spreadsheets shape strategy

Jun 12, 2024

The AGI-in-2027 Thesis

Some researchers are convinced that we are on the cusp of superintelligence. Are they right?

Jun 10, 2024

Apple’s AI Evolution: Built-in AI, Supercharged Siri, and Ecosystem Lock-in

Maybe the new world is the same as the old