First, let me say, I'm not a Trump fan... I'm a fan of doing what's best for the country with a long-term horizon in mind.
There are those who argue that we no longer need a manufacturing base in our economy—that it's an outdated sector, and we can comfortably rely on technology and emerging industries to drive growth. But the real question is: Do we want to stake our entire economic future on an undiversified economy?
In my mind, the answer, much like with investing, is no.
Just as a prudent investor wouldn't put all their capital into one or two stocks, a healthy economy shouldn't be overly dependent on a narrow list of industries. Diversification is essential, not just in portfolios but in national economic strategy.
A shift toward a narrowly concentrated economy—one heavily reliant on tech—leaves us vulnerable. We've seen how this plays out: in the dot-com crash of 2000, when overexposure to specific sectors magnified the damage and led to a drawn-out bear market and long-lasting carnage.
A robust manufacturing base provides balance, resilience, and stability. Abandoning it completely risks creating an economy that is dynamic—but dangerously fragile. AI provides opportunities, but it is also accelerating the trajectory of narrowly based structure and adding to the risks.
Do we really want everything to be "cyber" and virtual? Because that's the direction we are going, and fast!
Tough decisions are rarely celebrated in real time—especially in the political arena. They're often unpopular, uncomfortable, and met with skepticism. It's only in hindsight, after they succeed, that they’re recognized as bold or necessary.
It's easy to be a pessimist in the face of tough decisions, and it is even easier to cling to the status quo. But real, meaningful change demands time, discomfort, and above all, courage.
The tariffs President Trump is implementing aim to address several structural challenges—chief among them, revitalizing America’s manufacturing base. Agree or disagree with the policy or how it's being implemented, it stands as one of the most decisive and courageous economic moves made by a U.S. President in modern history. And for the sake of our country, I hope he is successful.
Your comments are welcome. Try to keep them intelligent.
It’s incredibly kind and generous of Elon Musk to help America become fiscally responsible. We all owe him a huge debt of gratitude. Nicola Tesla was unappreciated while he was alive despite his numerous contributions to humanity. I hope Elon is shown the appreciation he deserves in his lifetime.
A few weeks ago, I told subs that drones would be a key 2025 theme, with $ONDS as my pick.
Their FAA Part 107 waiver for American Robotics, enabling BVLOS operations could unlock scalable commercial drone use in a $12B market -- one of my quickest multi-baggers yet 😅
How The DNC Handled 9/11 vs Donald Trump
- Joe Biden spent 9/11 hiding in a bunker
- Kamala Harris spent it with her boyfriend Montel Willimas
- Donald Trump spent 9/11 marching into a war zone of fire & ashes with an army of his own men to save Americans
#NeverForget
The Old World was one that aspired to a certain form of normalcy—one where people stayed in their lanes. But our Founders were different. Benjamin Franklin founded hospitals and universities; dabbled in medicine; designed the lightning rod, bifocal spectacles, and the Franklin stove.
Robert Livingston designed the steam ship as a side project while serving as an ambassador to France. Thomas Jefferson was fluent in five languages and invented the swivel chair, a polygraph test, and designed the Virginia State Capitol building.
People like them made our nation a magnet for minds that were as courageous & bizarre as their own, a nation that offered the freedom to think differently.
Against that backdrop, the recent Democrat strategy of labeling their political opponents as “weird” is anti-American.
It denies the possibility of exceptionalism. Most people who go on to accomplish extraordinary things in America—or anywhere in the world—said and believed some “weird” things when judged by the standards of their day. Think of Abraham. Or Galileo.
It also denies the possibility of national unity. Calling the other side “weird” is the 2024 version of "basket of deplorables.” Like it or not, each party in the upcoming election is almost certain to win over 70 million votes. If the central argument of each side becomes “the other side is weird,” that’s a good way to make sure that whichever side loses no longer sees themselves as part of the same culture or country as the one that wins. And it's not hard for Republicans to level the charge of “weirdness” in return. Indeed we already are.
Not long ago, America was a backwater cluster of small towns scattered along an eastern seaboard. It seemed that we were destined to be nothing more than a footnote in global history. Yet the people who wrote those footnotes were deeply curious about the world they inhabited; confident in their ability to change it; and unafraid of standing out, defying their times.
They were weird. They made America different. That’s a legacy we should be proud of. That’s what made America great the first time. And it just might be the way we’ll make America great again. I share my reflections in today’s @TheFP, ahead of what I expect could be an ugly 3 months ahead:
https://t.co/GzOoNISylK