The Dismal Optimist Returns

After an absence of almost a year, I have decided to resume publishing The Dismal Optimist . During that period I took the time to get more informed about what was going on in the global technology sector. And to pass the time (I don’t play golf), I wrote a novel about Southeast Asia called Coco’s Gambit . The...

Investing Under the Law of Accelerating Returns

In Omega, we have in the first place the principle we needed to explain both the persistent march of things towards greater consciousness Pierre Teilhard de Chardin, The Phenomenon of Man, 1941. (Kindle Location 4960) Evergreen Books. Kindle Edition.   …given the emergence of life, the emergence of a technology-creating species—and of technology— is inevitable. Technology is the continuation of evolution...

Really Brave New World

“First, let us postulate that the computer scientists succeed in developing intelligent machines that can do all things better than humans can do them. In that case, presumably all work will be done by vast, highly organized systems and no human effort will be necessary…it may be possible that human control over the machines may be retained. In that...

Time to Pause?

I remain an unreconstructed long-term bull on the US stock market. Technology is accelerating and the economic recovery continues, albeit at its admittedly slow pace. And what else are you going to buy when you sell your stocks? Do you really want to buy bonds? Or BRICs? But markets never go in a straight line. And near term, there...