Compounding Crazy

McCormick argues that the world is not just weird at the moment but exponentially weirder than it used to be — using a July 2021 catalog (Tiger Global's $6.7B venture fund in three months, a $3.7M CryptoPunk, Axie Infinity's $190M month, the Branson/Bezos space trips, FTX's $18B raise, Google's quantum time crystal, engineered mirror-image DNA) to show that what would have been a wild year a decade ago is now a normal month. His thesis: zoom out and history is one exponential curve; the right response to "this time is different" is to remember that this time is always different — and prepare for craziness to keep compounding.