Real talk. Our third child, a beautiful baby boy, was born 48 hours ago. It's hard to express the joy we are feeling, and our other two kids cannot wait to welcome him home today. Yesterday at the hospital, there was a last-minute work conference call. We have to make a critical and time-sensitive decision with large implications - and that was when everyone else was available to talk. So, I made sure my wife and the baby were good, and I stepped out of the room. I would not that the call if it was not urgent. People can relay their opinions on those calls - but only I can make the final decision. While leaving the hospital to pick up my son from school so he doesn't feel like his new baby brother immediately means sacrifice for him, another important work call came in. I let it go to voicemail, but called back when I got home. I headed home with him to pick up his sister so we can all go visit my wife and our newborn - time-sensitive questions were coming in by email and text. Yes, we have help of course, any my mother in law flew in for the week, and if you have been following me for a bit you know that nothing means more to me than my family, and to be there for my wife -- AND yes I know what some people are thinking right now... Somebody asked me about paternity leave and how much time off I'll be taking. Paternity leave? Of course that would be amazing. I would love to turn on an away message and check out, and have a salary for the next few months while I spend time with my family the entire time. But it's not possible. It's not the life I signed up for. I have over 100 investors who have put their trust in me. We have a team of seven, with New York City and California payrolls. There were offers the team had to send out, and I needed to review and approve terms. Your entire year, and the success of your business that year usually comes down to just a few deals that happen or don't. And minutes of waiting too long will allow somebody else to jump in. Those other buyers don't care what I have going on. They are not going to wait for me. Neither is the seller. There is nobody else that can sign off on our final pricing. There is nobody else our investors point to if we get it wrong. A tenant prospective tenant made a last minute request on a lease with big implications for our fund, and nobody else can make make that call. So I get a text. None of this is a surprise. It's part of the sactifice. You try to do everything and be superman because you have no chice and because you're already used to this. You signed up for it a long time ago. You understand the sacrifice. You know how great it can be and the heights you can reach, and you love it - but you also know the cost. Entrepreneurship is the ultimate freedom? Please. An employee who can check out has that. Not us.

On June 6, 1944, the man who predicted D-Day almost word for word was home celebrating his wife's birthday. Months before the invasion, Rommel told his aide: "The first 24 hours of the invasion will be decisive. For the Allies, as well as Germany, it will be the longest day." He wasn't being poetic. He genuinely believed Germany had exactly one chance to win the war: stop the Allies while they were still in the water. Get them on the beaches before they could breathe. After that, it was over. So he became obsessed. He personally inspected every bunker on the Atlantic Wall. He demanded 6 million mines be laid along the French coast. He flooded inland marshes specifically to drown Allied paratroopers mid-drop. Then on June 5, German meteorologists reported the Channel weather was far too rough for any crossing. Rommel exhaled for the first time in months. His wife Lucie was turning 50 the next day. He had already bought her a gift on a recent trip to Paris: a pair of shoes. He drove home to Herrlingen, Germany. Hundreds of miles from Normandy. At dawn on June 6, the largest naval armada ever assembled opened fire on the French coast. When Rommel's phone finally rang, tens of thousands of Allied troops were already ashore. He begged Hitler to release the Panzer reserves to crush the beachheads before they could solidify. Hitler refused. He was still asleep. His staff would not wake him. When he finally rose, he was convinced Normandy was a decoy and the real invasion was still coming at Pas-de-Calais. Rommel raced back through France. By the time he arrived that night, the beaches were lost. The man who called it "the longest day" spent the most decisive hours of World War II at a birthday party, 600 miles away, holding a pair of shoes.

We’re replacing the 50% CGT discount with inflation indexation. Rule of thumb: if an asset’s price rises by less than twice inflation, indexation leaves you better off. Saul Eslake’s analysis shows that’s been true for ASX share prices since 1999. #auspol #ausecon

Australia should be a country where hard work, not what you inherit, gets you ahead in life.

with due respect, i personally think, no one would show others where the gold mine is

If Steve Jobs were still alive, he would have the moral authority to face and maybe even to solve this problem. But I doubt anyone in the phone business now does.

the next social network is a prediction market where your feed is ranked by accuracy not engagement. the person who is right 80% of the time gets seen while the person who is loud gets buried

Let me repeat what I've emphasized before: The post-Hormuz Crisis world will be radically different from the one we knew before. This is a life changing event for nations, governments, thinkers, businesses, and individuals.

Bill Shorten left politics and walked into a $990,000 a year job as Chancellor of the ANU. He has never run a university. He runs his network. Dominic Perrottet went from premier to BHP international relations. Joe Hockey went from treasurer to defence contracting. Politics in Australia is now a networking phase. Voters pay the bill.

There is too much free lunching in the European debate on Chinese FDI. Those who oppose tougher trade measures tend to underline the need for more Chinese investment, but that’s a cop-out. The EU wont get the investment without strategic tariffs.

truly one of the most amazing developments in trans-Atlantic tech policy over the past 20 years is the way that Europe set out to regulate US tech giants into the ground, but only made them more dominant as a result. This Economist headline really says it.

Mark Cuban just described the largest wealth transfer of the AI era. Almost nobody understood what he said. Cuban: “There are 33 million companies in this country. Aren’t going to have AI budgets. Aren’t going to have AI experts.” Not tech startups. The shoe store. The regional trucking outfit. The accounting firm with 12 employees. The businesses that actually run the physical economy. They know AI is coming. They have no idea what to do with it. Cuban: “You’ve got the head of Microsoft saying software is dead because everything’s going to be customized to your unique utilization.” Software is dead. The SaaS era ran on one rule. Build a generic product. Force millions of companies to bend their workflows around it. Charge rent forever. AI ends the contract. The business stops bending to the software. The intelligence bends to the business. But customized by whom. The third-generation manufacturer cannot tell Claude from Gemini. The county hospital is staring at a reactor asking where the light switch is. Cuban: “Who’s going to do it for them?” That question is worth more than the frontier models themselves. Hundreds of billions are being burned to build the foundation. The smartest engineers alive are locked in a bloodbath over who owns the base layer. Let them fight. Let them burn the capital. Let them drive the cost of raw intelligence toward zero. Because the wealth does not collect where the brain is built. It collects where the brain meets the business. Every ambitious kid in college right now thinks survival means a seat at OpenAI or Anthropic. Cuban is staring at the other 99 percent of the economy. Learn the models. Then learn the messy, unglamorous reality of how a 50-person company actually operates. Walk through the door. Understand their problems. Wire the intelligence directly into their revenue. That is not a job title. That is an entire economic class being born. You do not need to build the brain. You need to build the nervous system. The biggest winners of the electricity era were not the engineers who built the generators. They were the ones who walked into dark factories and showed the owners where to plug in. 33 million companies are standing in the dark right now. Silicon Valley is racing to build the god. The fortunes will belong to whoever teaches him a trade.

The Hormuz get-out-of-jail card turned to a grave. iranintl.com/en/202604166412

"We made a huge mistake. And 'we' being business, government, and military." Jamie Dimon on China: "There was this general assumption they'd become more democratic and more free. And it didn't really happen that way." "Too many people were changing the supply chains just because they're buying a piece of equipment for $10 less." "Business was making a lot of money there and they were like, 'Leave me alone.' It was a mistake." "We need to say: 'Can we, if they ever become an adversary, have all the things we need?' Now's the time to do it." The Hill & Valley Forum 2026 @HillValleyForum @jpmorgan @ChairmanG

The insider trading is dishonorable behavior and annoys all normal US citizen taxpayers who are just trying to make an honest living