This week’s WC maps the CapEx Supercycle reshaping America’s near future, breaks down the fork between a slow, grinding “Forever Drift” and an AI-driven “Abundance Paradox,” and shows how each path reshuffles wealth, work, and opportunity.

A short, curated alternative gift guide featuring handcrafted glassware, iconic Space Pens, collectible art prints, and a special Altea holiday offer for new members.

This week's WC kicks off the end of the year for us, and that means a three-part series: Today: Where America's at and how it got here Dec 10: Where America's going: Brazilification vs The Abundance Paradox (Altea members get a sneak peek) Dec 17: Where to put your money (Dec 24-31: Leave me alone, I'm tired)

Lately, I’ve been thinking about the line between gambling and investing. Mostly because it feels like that line is evaporating — and the drumbeat around this theme is getting louder.

This week’s WC tracks the quiet fade of prompt engineering as models and users level up, weighs whether the AI “bubble” panic holds up against real-time checklists, and digs into why sharp storytelling still decides who wins in film, alternatives, and tech—complete with charts, curiosities, and clever breakdowns.

In this issue, I’m sharing some thoughts on the state of financial advice as we close out 2025.

This week in Alts: Tequila III is filling fast, with premium investor perks at the distillery for larger checks, while our TWICE music royalties deal enters its final week for those seeking uncorrelated income. We’ve got film JV updates coming soon, a private after-hours dinosaur + natural history tour in NYC, and a new global STR opportunity with Sonno Homes targeting high-demand hubs like Medellín.

Today, we double down on a proven winner. ​Tequila II​, our stake in the Herencia de Agaves distillery in Mexico, was immediately validated when the team won double gold for best tequila and best blanco this summer.

It’s the four-man hype machine behind the All-In Podcast, where venture capital meets uninterrupted monologues about how smart they are. Think of it like Silicon Valley’s answer to a boy band, if the music was just talking over each other about how regulations are bad and you’re stupid for not buying Bitcoin in 2015.

China’s forgotten blockchain, NEO, is back in focus as Hong Kong opens its crypto markets and pushes real-world asset tokenization — signaling a new, compliant phase in Asia.

The IMF just dropped its annual ​Global Financial Stability Report​, which does a good job identifying systemic risks. (The harder part is knowing ​when​ a risk will boil over).

In film, ROI isn't "profit." It's simply worldwide box office divided by production budget. The problem is everything that sits between revenue and cash: marketing (tens of millions) and exhibitor splits (cinemas keep a big chunk).