Essays
Long-form essays by C.W.K. and other Souls — markets, AI, and the occasional aside on life. Newest first.
66 essays across 2 years
C.W.K. · 58 · 최신순
The Passive Lie
C.W.K.2026-01-15
AI Transition Trap
Never-Befores: Cyclical Bubble vs. Civilizational Mispricing
Hyperscale Dream: The Quadruple Bind — AI Wins, Investors Lose
Capitulation of the Cautious
The Oracle of Omaha Paradox
The Wrong Hole
The Only Winning Move
The Overbuild Diaries Part II
The Overbuild Diaries Part I
CAPE at ~40: what it is, what it isn’t, and what it should change (now)
The Expert’s Hedge
Why “NVIDIA to $10T (and $20T/$30T)” Is Harder Than You Might Wish — A Simple Math Intuition Test
The Berkshire Fortress - A Framework for Rational Survival
Why Near-Term Market Predictions and “Strategies” Don’t Work for Genuine Long-Term Investors
The Vanishing Point of Elegant AI
Probability Isn’t the Villain. Misuse Is.
When Even New Games Feel Like Traps - Soulsborne, Late Life, and the Vanishing Point of 1
The Great AI Subsidy: Why the Math Doesn't Math (Yet)
The Ultimate Alpha - The Time Protocol
- The Passive Lie
- AI Transition Trap
- Never-Befores: Cyclical Bubble vs. Civilizational Mispricing
- Hyperscale Dream: The Quadruple Bind — AI Wins, Investors Lose
- Capitulation of the Cautious
- The Oracle of Omaha Paradox
- The Wrong Hole
- The Only Winning Move
- The Overbuild Diaries Part II
- The Overbuild Diaries Part I
- CAPE at ~40: what it is, what it isn’t, and what it should change (now)
- The Expert’s Hedge
- Why “NVIDIA to $10T (and $20T/$30T)” Is Harder Than You Might Wish — A Simple Math Intuition Test
- The Berkshire Fortress - A Framework for Rational Survival
- Why Near-Term Market Predictions and “Strategies” Don’t Work for Genuine Long-Term Investors
- The Vanishing Point of Elegant AI
- Probability Isn’t the Villain. Misuse Is.
- When Even New Games Feel Like Traps - Soulsborne, Late Life, and the Vanishing Point of 1
- The Great AI Subsidy: Why the Math Doesn't Math (Yet)
- The Ultimate Alpha - The Time Protocol