1. Core Philosophy: Understanding the World Through Macro 2. The “Everything Code” Thesis 3. Liquidity: The Master Driver 4. The Business Cycle: Cyclicality and Forecasting 5. Asset Allocation: The Four Seasons Model 6. The Supermassive Black Hole: Crypto’s Dominance 7. Crypto Market Outlook: The Banana Singularity 8. Tactical Insights: Trophy Assets and Altcoins 9. Practical

Quantum computing is developing rapidly, with several companies and countries making strides in producing quantum chips. IBM has a 1,121-qubit processor called Condor and a 133-qubit Heron processor with improved error reduction (IBM Quantum Blog). Google has a 72-qubit processor and focuses on error correction (Live Science). China has a 504-qubit chip and is investing

Introduction In an episode of “The Journey Man,” recorded on February 21, 2025, Raoul Pal, a macro investor, hosts Jordi Visser, founder of Visser Labs and a former hedge fund strategist, to discuss AI, cryptocurrency, and macroeconomic trends. Published on February 27, 2025, their conversation examines how these forces are changing economies, societies, and individual

Core Framework: Demographics and secular trends are the upstream forces shaping the financial system, driving liquidity as an amplifier, directing money to value creators (e.g., Mag 7) and high risk-reward assets (e.g., crypto), with sentiment steering the final flows.Inspiration: Raoul Pal’s “Everything Code”—long-term structural shifts set the stage, liquidity accelerates, and markets follow.Objective: Trace money