Haha I get the sentiment but JH is very very different to SBF…. Certainly a big circle jerk / money go round between the key players. It does seem a bit odd, I wonder how common this is across other industries and sectors?
Discussion
Good lord man …. Thanks for the engagement. Hope you found it all of value.
As for the incestuous nature of all the American AI investment, the only thing I can draw upon is the Keiretsu arrangements in Japan back in the 80s.
looking up Keiretsu arrangements...
Basically it was a strategy where various Japanese corporates invested into one another with the thinking that doing so provided some sort of competitive global advantage.
I did, for a time. Then one domino began to fall and others quickly followed.
Unsurprisingly, the core of each Keiretsu was a major bank.
Thanks for the explanation Peter, this is super interesting.
I might enlist Hal (Grok lite ) for some extra info.
nostr:npub1pm5z0gmw3wcvl3yreuv8y7q3stz2zmzc4jar4ckhk927qdcwjwuq3txe07 can you provide some colour on Keiretsu business practices in Japan, years this was active, some of the key players and what some of the outcomes - positive and negative were? Thanks
Ah assume this was before Japan imploded delivering 40 years of stagflation?