S&P 493 not S&P 500 for a reality check

JUNE 2028. The S&P is down 38% from its highs. Unemployment just printed 10.2%. Private credit is unraveling. Prime mortgages are cracking. AI didn’t disappoint. It exceeded every expectation. What happened?​​​​​​​​​​​​​​​​ citriniresearch.com/p/2028gic

Open book exams were harder in college bcz applying concepts took over memorizing them. AI feels similar. The edge isn’t can you build? but what n why? Taste, intuition, judgment > mechanics. For a curious mind it’s liberating but unsettling. The rules of the game hv changed

A CEO from one of our portfolio companies shared this with their team. I’m re-sharing it with their permission, because it resonated and reflects what all founders and CEOs should be communicating. -- We are living through a period of compounding change. And in moments like

Engineering perks used to be free food. Now it’s tokens. Engg group chats have gone to “what’s your token budget?” with some flexing $100–$300/day, others stuck at $500/month + IT approval 💀 The shift happened so fast it’s hilarious. Another friend complaining at 3am about

this made me smile :-) thank you Will Ahmed for sharing. good reminder that no paths to outlier outcomes are linear n nobody knows the right answer (even if they think they do)