short-form-note

You Only Get One Draw From the Market

Futures Friday — Thomas Adair You can spend a month making one strategy better, or you can spend it building a second strategy that fails at a different time. Those are different bets, and only one of them survives being wrong. I worked through this once already, on prompts. The trade

short-form-note

There Was Never a Box

A Short Form note — the fast one, written on the news day. The Field Note it points to does the long work. Start with the anger, because the anger is the tell. Anthropic published evidence today that Chinese labs pulled something like 200 million exchanges out of Claude to train

short-form-note

The Folder Is the Orchestrator

The folder is the orchestrator until concurrency earns the framework.

short-form-note

The Karpathy Loop Finds Mirages

Andrej Karpathy keeps a CLAUDE.md — one page of rules for getting a language model to write code you won’t have to rewrite. Read the files before you touch them. Keep the diff small. When something breaks, find out why the value is null instead of adding a null

short-form-note

Authorization Is Not Safety — now on SSRN

The piece I wrote on the verification gap in agentic on-chain finance is now up as a formal paper on SSRN. The short of it: agents are starting to hold wallets and move real money. Every drain so far happened inside their permissions — they weren’t hacked, they were

short-form-note

The Backtest Just Works. That's the Problem.

A Short Form Note — the segue into this month’s Digest. A database CTO wrote a piece this week called “The End of Programming.” Paul Dix — he built InfluxDB — argues the act of writing code by hand and having other people read it is on its way out. Not because

AI

The Thing With No Center That Sometimes Answers

Anthropic pushed a concept straight into a model's activations and it sometimes caught the intrusion before writing a word. A pile of parts with no planner in it, reporting from somewhere.