Johnny Chadwick-Watt

BSc in Computer Science and Finance.

Based in South Korea

[Brivael Le Pogam @brivael]

Elon Musk often says: "Patents are for the weak."

Why does he say that? In 2014, Tesla opened up all its patents. Anyone could use them. Everyone thought it was a PR stunt. It was actually a declaration of war. Elon's point was that patents mostly serve to slow down progress, protect the positions of giant corporations, and make lawyers rich. Not to innovate.

His logic is simple: if your competitive advantage lives inside a legal document, you're already dead. The only real moat is your speed of innovation. If you move faster than everyone else, you don't need patents. If you need patents to survive, it means you've stopped moving fast enough.

The strong build. The weak file.

And AI is about to make that sentence true for the entire economy.

Take biotech. For 50 years, starting a biotech company meant a PhD, ten years in a lab, access to closely guarded knowledge, millions before your first proof of concept, and a network in the right academic and regulatory circles. Knowledge was scarce, access was scarce, and that scarcity was worth billions.

That scarcity is dying.

I genuinely believe we're entering a world where anyone will be able to start a biotech company. A 19-year-old with AI agents will be able to explore molecular spaces that entire labs used to spend years mapping. Trade secrets, credential rents, access rents, positional rents: all of it is about to blow up.

And look at what's already happening. Some of the first calls to "urgently regulate AI agents" are coming from established biotech players. Coincidence? When your business model depends on scarce knowledge and knowledge becomes free, you're left with only two weapons: the patent and the regulator.

The two weapons of the weak.

Here's what's coming. A wave of panic. Dozens of labs and incumbents retreating behind their patents, filing lawsuits, and above all pouring money into regulatory capture. They won't try to build better. They'll try to make it illegal for anyone else to build.

Because the truth is, a lot of people in business were never strong. They were protected. They never won on product, on innovation, on speed of execution. They won because the market was locked. Because attacking their industry required hundreds of millions of dollars, years of approvals, and armies of lawyers. The wall was never their talent. The wall was regulation.

And when the wall comes down, we find out who actually knew how to build.

This isn't just biotech. Banking. Insurance. Law. Healthcare. Energy. Hardware. Education. Defense. Almost every industry where incumbents were sleeping behind barriers to entry is about to get hit by thousands of founders able to attack their business from every angle at once. With teams of 5 people and an army of agents.

Everyone gets to play now.

My conviction, and I'll say it plainly: a huge chunk of the S&P 500 could be completely flushed in the next 5 years. Not because those companies will make mistakes. Because their competitive advantage was never real. It was built on how hard it was to get in, and that difficulty is disappearing.

The weak will cry danger. They'll talk about safety, risk, disaster. Sometimes they'll be right on a specific point. But most of the time, what they're protecting isn't the public. It's their rent.

What's coming isn't a collapse. It's a renaissance. The biggest explosion of value creation in history, driven by people who were always told they weren't allowed to play.

Patents are for the weak.

And the weak are about to have a very bad decade.

[Johnny Chadwick-Watt @johnnycwatt]

Expected the slip to 2027. It matches what Sir Beck’s been saying for a while. Flight 10 matters more than flight 1. The open-ended 2027 window isn’t ideal but I appreciate the transparency of the update. Have added a $RKLB position as this cautious attitude and emphasis on reliability has served RocketLab well so far and I believe will continue to do so

[Johnny Chadwick-Watt @johnnycwatt]

Right. The idea that $SPCX would crash below $100 after the first unlock never made much sense to me. The stock had already been dropping steadily leading up to that first August release. The market is pretty efficient and with the unlock schedule being public it made sense that the panic had already been priced in

The fact that even now people are panicking over the upcoming unlock amazes me.

[Johnny Chadwick-Watt @johnnycwatt]

@stats_feed Understandable. My experience with South Korean healthcare has always been exceptional. Their dermatology and the boom in K-Beauty / K-Pop culture is an added bonus

[Johnny Chadwick-Watt @johnnycwatt]

@elonmusk The future of transportation looks exciting. I think it would feel strange initially, being in a driverless vehicle but overall excited and optimistic

[Elon Musk @elonmusk]

@PeterDiamandis If the 4th launch had failed, SpaceX would not exist

[Elon Musk @elonmusk]

@PeterDiamandis I said SpaceX will be worth more than Earth if we achieve our goals.

Obviously true.

[Anthony Pompliano 🌪 @APompliano]

The national income tax started as a 1% tax affecting less than 1% of all Americans.

That was in 1913.

Just over 100 years later, about 70% of Americans pay national income tax and many people pay 37% tax rate.

Important to remember as politicians talk about a new wealth tax.

[Johnny Chadwick-Watt @johnnycwatt]

@lporiginalg Absolutely nothing wrong with this.

[Andrej Karpathy @karpathy]

TV in the 90s: you turn it on, you watch.

TV 2025:
- turn on, wait for it to load
- popup: TV wants to update, 1.5GB. No.
- scroll sideways, find prime video app or etc
- popup: now app wants to update, 500MB. No!!
- App launching... App loading…
- select account screen
- 🫠

[Johnny Chadwick-Watt @johnnycwatt]

@elonmusk Be careful with that. Ani might get jealous

[Johnny Chadwick-Watt @johnnycwatt]

@stats_feed There is a strong case for it being President Trump again. Especially if the Israel-Gaza peace deal holds.

[Johnny Chadwick-Watt @johnnycwatt]

@Erdayastronaut To be fair, there is a lot of content that isn't accurate and may be downright making stuff up without AI slop

[Johnny Chadwick-Watt @johnnycwatt]

@WhiteHouse This is great news and a significant step towards hopefully what will be long term peace in the area. Hoping for a chance of peace and prosperity for both Israel and the Palestinians

[Johnny Chadwick-Watt @johnnycwatt]

@Cobratate While I am not worth hundreds of millions of dollars, I can understand.

Going from being in a household concerned with counting every dollar, to having enough where it just seems like numbers on a screen. Just buying without much thought of the price

[Johnny Chadwick-Watt @johnnycwatt]

@elonmusk Getting better and better. Will be interesting to see if and how it will be used in production level content. Movies, anime, game trailers etc.

[Johnny Chadwick-Watt @johnnycwatt]

@sama "Please make GTA 6, make no mistakes"

[Johnny Chadwick-Watt @johnnycwatt]

Interesting how, rather than celebrating the decision to award Maria Corina Machado, many comments seem to be celebrating President Trump not being awarded the prize.

While it's understandable he didn't win and that there are others including Maria who could deserve it, President Trump being awarded the Nobel Peace Prize would also be reasonable due to his contributions to global peace

[Johnny Chadwick-Watt @johnnycwatt]

@stats_feed 🇳🇿 New Zealand has more sheep than people

[Johnny Chadwick-Watt @johnnycwatt]

@stats_feed It's always nice to see good news on my X feed