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KCP | The Attention Span. "Jack's Story."

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Today I’d like to tell a brief story. It illustrates a basic framework that has helped me understand the world in a new way. I think it also applies to this moment in macro and markets. I also wanted to flag two unusually rich presentations on company founders and the art of learning in investing. “Jack's Story.” [10 minute read.] This is Jack. He is entirely fictional. He is young, ambitious, and lives in New York City. Like all living things, Jack inhabits a “fitness landscape.” The better adapted you become to your environment, the higher you climb up a fitness peak. The more competitive the environment, the more jagged the fitness landscape. This means all species end up being narrowly adapted to their specific environment. This is because the moment they become a little less adapted to try something new, they instantly get picked off by predators. Jack uses his focus and application to climb a really steep peak. After many years of 14 hour days and big bonuses, he arrives at the

Today I’d like to tell a brief story. It illustrates a basic framework that has helped me understand the world in a new way. I think it also applies to this moment in macro and markets. I also wanted to flag two unusually rich presentations on company founders and the art of learning in investing. “Jack's Story.” [10 minute read.] This is Jack. He is entirely fictional. He is young, ambitious, and lives in New York City. Like all living things, Jack inhabits a “fitness landscape.” The better adapted you become to your environment, the higher you climb up a fitness peak. The more competitive th

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