KNOWLEDGE NOTESKnowledge Notes
Explore curated knowledge, course notes and methods, with their existing content and sources preserved.
This index lists complete English editions. Additional Chinese notes and bilingual updates remain available in the Chinese index.
350knowledge notesA complete reference after the major regulatory changes in May–June 2026 — the CSRC imposed heavy penalties on Futu/Tiger/Longbridge; starting 12 June, mainland investors can only sell/withdraw but cannot buy/deposit; HKMA requires investment account holders to sign a declaration that "funds come from outside mainland China", while savings accounts are explicitly unaffected; practical account opening guidance (traditional banks as primary choice + ZA Bank as backup/ID card accepted as proof of address/interview talking points/three key figures for fund compliance) + why credit card applications fail + QDII as the only legal channel for small capital to invest overseas + a list of debunked circulating claims. Highly time-sensitive; policies may change at any time during the two-year rectification period
A full review and structural analysis of the 25-day conflict between the US-Israel coalition and Iran, codenamed "Operation Epic Fury / Roaring Lion", from 2026-02-28 to 03-24. Coverage includes the war progression, the Strait of Hormuz blockade game, Iran's "barefoot outsider outside the system" game framework, RMB settlement challenging US dollar hegemony, Trump's three-layer strategic objectives, the 31st MEU island-seizure plan, the SPR + floating storage crude oil buffer timeline, Polymarket odds and strategy framework (4/30 No + 6/30 Yes positions), Goldman Sachs structural oil price analysis, macroeconomic cascades (Fed no rate cuts / debt spiral / impossible trinity), US energy sector allocation between USO and XLE, four post-war exit scenarios, latest negotiation developments, and the rift between Iranian moderates and the IRGC. This is a reference-class resource / decision deduction template.
Systematized notes from Truman's business pre-judgment course. 15-character core mantra / 7-layer spectrum chart / 76% probability math / 4-stage deliverables / 9-character mindset. When to use it, how to use it, and extracted lessons from pitfalls.
Asked whether AI has a bubble, the opening answer is yes. The ensuing conversation repeatedly distinguishes technical value, expectations inside prices, infrastructure payback, who ultimately receives money and whether founders survive until another financing round.
A research report on AI Agent market investment trends compiled by newtype in January 2026. It contains full 2025 data on VC / sovereign wealth funds / unicorns / application layer / foundation model financing / sub-sectors (coding/healthcare/legal/enterprise/prediction markets). It covers OpenAI's valuation rising from $500 billion to $830 billion / Anthropic from $183 billion to $350 billion / xAI's cumulative funding of $42.1 billion / $87 billion in global GenAI financing / 191 new unicorns / $46 billion from sovereign funds / the "kingmaking strategy" phenomenon of valuations doubling within 27–60 days / single-point data on Cursor / Cognition / Harvey / Mercor and others / analyst views from Gartner / McKinsey / BCG / IDC / 25x revenue multiple / 5x cash burn multiple / Sequoia's three-stage "Agent Economy" thesis / bubble warnings.
A compilation of themes from 13 podcast episodes — whether foundation models have moats (Evans: no), whether SaaS is dead (Linear pushes back), one-person billion-dollar companies, GTM in the AI era (SEO → agent-led growth + AI research), human-AI division of labor (AI sandwich), full-stack/hyper-leveraged builders, tech geopolitics (Pax Silica), and whether creative AI (Suno/ElevenLabs) can be a real business.
A collection of long-term views from investors and AI ecosystem observers including garrytan, nikunj, mattturck, swyx, and adityaag on X — the shifting nature of moats (retention > momentum), the thin harness vs. fat skills debate, agent labs / businesses that get stronger as models improve, default-fundable companies, and taste as a moat
A synthesis of 6 perspectives on "AI industry judgments + evolution of the Big Three + the Scaling Law debate". Covers Wang Kai's 790 posts from 3 years of observation (evolution of OpenAI/Anthropic/Google / SaaS crisis / AI hardware wave / model discipline); Lao Huang newtype's 452 posts + BIG NEWS timeline (7 immutable anchors / LLM=OS / Context Matters); 2 newtype research reports (Agent architecture + $87 billion market); 505 posts on model evaluation (2024-2026 evolution timeline); Anthropic+OpenAI insiders (Cat Wu + Embiricos); Shensi Circle VC perspective (a16z / Sequoia / YC, 659 articles). Covers the three-way Scaling Law debate, disagreements over the SaaS crisis, disagreements over Apple's path, and the valuations and strategies of the Big Three.
A synthesis of AI investment valuation from 4 perspectives. Wang Kai (three-layer framework of "good assets + good prices + good volatility" / RSI AI strategy delivering 4.3% quarterly return / using AI as a ruler to quantify risk / evolution of a $250,000 capital pool / self-built financial MCP) / newtype-agent-market-2025 (VC market at $87 billion / 191 unicorns / Cursor's valuation tripling in May under the "king-making strategy" / Sequoia Agent Economy three stages) / newtype-ai-business-trends (logic for holding NVDA for 10 years / SaaS crisis / end of intermediary monopolies) / Shensi Quan (VC firm case studies: a16z/Sequoia/YC) / Rich Dad Poor Dad (philosophical foundation of assets and liabilities). Covers the divergence between value investing and VC perspectives, judgments on the SaaS crisis, and Apple's path.
Founders often ask whether a model upgrade will erase their feature. Albert moves the question earlier: can you deliver defined value to a defined audience now, and identify which change improved the result? If product quality remains difficult to judge, discussing permanent defenses can lead a team into waiting without feedback.
Anthropic's "AI Economic Impact Measurement" research series. From its launch in early 2025 to May 2026, it has released 5 major reports plus 1 monthly survey project. Coverage: **the real distribution of what people use Claude for** (coding is not the only use case) / **uneven geographic and enterprise distribution** (40% of US workers use AI; China, India, Brazil, Africa) / **economic primitives** (new metrics: scope / breadth / depth) / **81K user survey** (occupational exposure vs concern + largest productivity gains at both the high- and low-wage ends) / **AI's impact on programming** (the industry chain has already changed) / **economic futures UK+Europe** (policy project). This wiki compresses the 5 reports + 3 news items into 1 map of "AI economic impact timeline + 5-dimension framework + Anthropic measurement methodology".
Listen: 01:03–05:34. Qu recalls successive swings: uncertainty about model–application relationships in 2023, cooling and recovery in 2024, reasoning and agents sustaining expectations in 2025, and stronger models alongside colder application funding in his circles during 2026. He says this is the first time he has heard firms declare the category dead.
Listen: 02:08–02:41, 09:53–13:59, and 36:47–39:11. Wei separates how people operate—selection, deployment, development, incentives, and adjustment—from how people and business work together through goals, responsibility, and cooperation. Recruiting belongs to the first but cannot answer what everyone should complete today.
Chen’s background includes software engineering, an MBA and a CTO role. The interview follows his long-standing interest in AI, big data and cloud computing. Qu is a former colleague and expresses admiration for his investing. The useful subject is how technical change, implementation difficulty and business conditions enter one judgment, beyond a list of successful companies.
57 IPOs + 55 M&As = 112 exit transactions. Hong Kong Stock Exchange Chapter 18C / cross-border mega M&A deals (Silicon Labs US$7.5 billion / Terns Pharmaceuticals US$6 billion / Moonton over US$6 billion) / A-share private placements / state-owned asset restructuring
Statistical boundaries of 2973 financing list records, and industrialization, product reuse, and capital mechanisms in associated historical reports
A panoramic view of 1135 financing events from 36Kr Pitchhub in 2026 (January–May), covering industry × round × top investors × mega deals × monthly trends, based on real data.
逗逗游戏伙伴 is an AI desktop companion that watches gameplay, accompanies players and converses. Binson’s approach asks users to allocate less additional time to AI content: participate in something they already want to do. The game continues while the companion acts like interactive commentary beside it.
210 healthcare financing deals. Major M&A for innovative drug outbound (Terns Pharmaceuticals $6 billion) / AI for drug (Huashen Zhiyao $787 million) / domestic substitution of medical devices / concentrated Hong Kong stock IPOs
201 frontier technology + tool software funding events. 5 leading large model companies / embodied intelligence explosion / quantum computing power taking off / AI for X application layer / profile of leading investors
