• Entrepreneurship is the invisible hand directing capital and talent toward solving problems.
• The biggest challenges attract a swarm of talent and capital that grinds them down until they're largely solved.
• This should mean more volatility as the swarm moves faster and faster,...

• Extreme optimism and fatalistic pessimism may seem to be stark opposites, but they both end in apathy
• If things were sure to improve or bound to collapse, then our actions would not matter one way or the other

• Space exploration in the United States had been stagnant for decades when Elon Musk launched SpaceX in 2002.
• SpaceX did the near-impossible over the course of two decades in order to finally attract the swarm.
• By laying out his vision and plan, he was able to attract the most...

• The swarm is attracted to big problems and has proven its ability to solve them.
• Companies come and go, and technologies get hyped up and fade away, but eventually, the swarm smooths out problems until the sexiest, most challenging things are just boring, normal industries.
• E...

The “Greentech bubble” Of 2006: Greentech investing attracted a swarm of entrepreneurs, and those entrepreneurs got to work building new solutions and scaling the deployment of existing ones, and over the past decade, the cost of energy from renewable sources has come down dramatically.

Tod...