Newport had a great point. OpenAI leveraged a methodology derived by a person to generalize a proof. Cool. But if AI is so smart, why isn’t it solving problems that would make OpenAI billions of dollars (better battery technology, flying cars, fusion, aging). podcasts.apple.com/us/podcast/p...
podcasts.apple.com
Cal Newport: The AI Industry Is Betting On The Wrong Kind Of AI
Podcast Episode · Prof G Markets · October 9 · 1h 20m
![“Bond Market Mechanics
Well, unfortunately, I think what it is telling us is that the mechanical properties, as you've heard me emphasize in prior discussions around passive investing, are now playing out in the bond markets. This is particularly problematic because the bond indices that passive vehicles reference was never designed as an investable product. It was not designed to represent a specific risk, which would be appropriate for investment.
Instead, it was designed to represent pure representation. What is the total quantity of bonds outstanding? That means, unfortunately, that there's very little thought that's actually going into this bond sell-off.
There's lots of narratives that exist around it, that the United States is running unsustainable deficits, or that France is running unsustainable deficits, or that debt to GDP is higher than it has been, and that somehow or another explains the sell-off that we're seeing. Unfortunately, that isn't borne out by the facts. If we look at a country like Australia, which has a low debt to GDP, it's experiencing the same sell-off.
You look at countries like Switzerland, which are also running deficits, they're experiencing very different behavior in their bonds, as is China, which[…]”
From Prof G Markets: Wall Street Veteran: The Bond Sell-Off Is A Buying Opportunity, Sep 29, 2026
https://podcasts.apple.com/us/podcast/prof-g-markets/id1744631325?i=1000792158605&r=228
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