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    Business

    Infinite Loops

    Every Thursday, join Jim O’Shaughnessy and his favorite people as they arm you with the tools & fresh perspectives required to upgrade your HumanOS and thrive in our messy, probabilistic world.

    Visit our Substack at newsletter.osv.llc for full transcripts, highlights, weekly doses of timeless wisdom, and a bounty of other goodies designed to make you go, “Hmm that’s interesting!”

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    • Google Play
    • Spotify

    Latest Episodes:
    Kenneth Stanley — The Trap of the Objective (EP.288) Oct 30, 2025
    Show notes

    Ken Stanley – AI researcher and author of "Why Greatness Cannot Be Planned" – joins me to explore why ambitious objectives can blind us to the stepping stones that make breakthroughs possible. Ken is the inventor of the novelty search algorithm and co-creator of Picbreeder, a crowdsourced evolutionary art experiment that has led to important insights about our objective-obsessed culture.

    This conversation covers everything from why vacuum tubes had to come before computers, how the path you take to success matters more than the success itself, the "fractured entangled representation" hypothesis, why grant applications kill innovation, how education beats the playground mentality out of children, and why "interesting" is the opposite of random.

    I hope you enjoy the conversation as much as I did. For the full transcript, episode takeaways, and bucketloads of other goodies designed to make you go, "Hmm, that's interesting!", check out our Substack.

    Important Links:

    • Personal Website
    • X / Twitter
    • LinkedIn
    • Google Scholar
    • Wikipedia
    • Book: Why Greatness Cannot Be Planned

    Show Notes:

    • Are We Deterministic Thinkers Living in a Probabilistic World?
    • Evolving Complexity and the NEAT Algorithm
    • The Origins of Picbreeder
    • The Power of Novelty Search
    • The Cultural Impact of Non-Objective Thinking
    • Why Pursuing Interestingness is Not the Same as Being Random
    • Mechanizing Serendipity via Stepping Stones
    • The Allure of the Security Blanket
    • The Omni-culture of NSF Funding
    • What Makes an Innovator?
    • The Fractured Entangled Representation Hypothesis
    • What does it say about LLMs if They Are Fractured and Entangled?
    • Path Dependency and Careers
    • Ken as Emperor of the World

    Books Mentioned:

    • Why Greatness Cannot Be Planned; by Kenneth Stanley (and Joel Lehman)
    • The God Problem; by Howard Bloom
    • The Lucifer Principle; by Howard Bloom
    • Global Brain; by Howard Bloom
    • The Beginning of Infinity; by David Deutsch
    • Invest Like the Best; by Jim O'Shaughnessy
    • A Mind At Play; by Jimmy Soni

    Elle Griffin — Rethinking Ownership and the Future of Work (EP. 287) Oct 23, 2025
    Show notes

    Writer, editor, and founder of The Elysian, Elle Griffin joins me on Infinite Loops to discuss her vision for participatory capitalism, a world where ownership, reputation, and creativity are shared more broadly across society.

    We explore the evolution of capitalism from the industrial era to the networked age, how broad-based ownership could rebuild the middle class, why optimism is revolutionary, and how storytelling shapes our collective imagination.

    We also discuss how reputation is becoming a new form of capital and how writers can become architects of meaning in a world reshaped by AI and automation. I hope you enjoy this conversation as much as I did. For the full transcript, episode takeaways, and bucketloads of other goodies designed to make you go, "Hmm, that's interesting!," check out our Substack.

    Important Links:

    • The Elysian
    • Elle Griffin on X (Twitter)
    • LinkedIn
    • Website
    • Elle's Novel Obscurity

    Show Notes:

    • The New GI Bill for Stock Ownership
    • Rethinking ESOPs, RSUs, and Equity for All
    • The Founder's Dilemma: Risk, Ownership & Exit
    • Tax Incentives for Employee Ownership
    • A Tale of Two Experiments
    • The Ownership Czar for the Day
    • The Future of Work
    • The State with Baby Bonds
    • The Problem with Worth and Deserving
    • The Power of Utopian Fiction
    • The Currency of Belief and Reputation
    • Empress of the World Question

    Books and References Mentioned:

    • Obscurity; by Elle Griffin
    • The Elysian; by Elle Griffin
    • The Beginning of Infinity; by David Deutsch
    • The Lessons of History; by Will & Ariel Durant
    • The History of Civilization; by Will & Ariel Durant
    • Why Greatness Can't Be Planned; by Kenneth O. Stanley
    • Looking Backward; by Edward Bellamy
    • Herland; by Charlotte Perkins Gilman
    • Les Misérables; by Victor Hugo
    • Frankenstein; by Mary Shelley
    • The Republic; by Plato
    • Das Kapital; by Karl Marx
    • The Count of Monte Cristo; by Alexandre Dumas
    • 20,000 Leagues Under the Sea; by Jules Verne
    • A Tale of Two Cities; by Charles Dickens
    • White Mirror Stories; by Infinite Books

    Jay Yang — The Power of Permissionless Action (EP. 286) Oct 16, 2025
    Show notes

    What if the biggest barrier between you and your dreams isn't talent, connections, or luck— but simply the belief that you need permission to act? Jay Yang joins Infinite Loops to challenge one of the most limiting assumptions of our time: that opportunities must be handed to us rather than created by us.

    At just 16, Jay cold-emailed the CEO of Beehiiv with a concrete plan that led to an internship. At 17, he sent Noah Kagan a 19-page audit of his email funnel with ready-to-ship assets, ultimately becoming head of content and helping put "Million Dollar Weekend" on the New York Times bestseller list. His secret? Understanding that preparation beats bravado, that most doors don't even have locks, and that the fastest way to get what you want is to do the work upfront and make saying "yes" a no-brainer for others.

    This conversation dives deep into Jay's philosophy of permissionless action, exploring why most people accept the "standard pace" when there's actually no speed limit, how to reprogram limiting beliefs through small wins, and why high agency people focus on outputs while low agency people get trapped tracking inputs.

    I hope you enjoy the conversation as much as I did. For the full transcript, episode takeaways, and bucketloads of other goodies designed to make you go, "Hmm, that's interesting!", check out our Substack.

    Important Links:

    • Jay Yang's website
    • Jay Yang's X
    • Jay Yang's Instagram
    • Jay Yang's Book, You Can Just Do Things
    • Jay Yang's LinkedIn

    Show Notes:

    • The Philosophy of Permissionless Action
    • Breaking Free from Era-Defining Ideas
    • Overcoming Limiting Beliefs
    • Starting Small: Building Confidence Through Micro-Actions
    • Inner vs. Outer Orientation
    • Inputs vs. Outputs: The Agency Divide
    • Failure as Feedback
    • The Power of Persistence
    • Curiosity and Cognitive Diversity
    • AI and the Future of Work
    • The Busy-ness Trap
    • Signal vs. Noise in the AI Era
    • People You Learn From Don't Have Huge Following
    • The TAG Method Explained
    • The New Way of Hiring
    • Learning from the Greats
    • Motivation vs. Clarity
    • Jay's North Star and Anti-Goals
    • Viktor Frankl and Finding Your Why
    • Working in Public
    • The Second Book Preview
    • The Emperor Question
    • Closing & Contact Information

    Books Mentioned:

    1. You Can Just Do Things: The Power of Permissionless Actions (Jay Yang)
    2. Million Dollar Weekend by Noah Kagan
    3. The Tao of Kobe (forthcoming 2026, Jimmy Soni)
    4. Greatness Cannot Be Planned (Ken Stanley)
    5. Man's Search for Meaning (Viktor Frankl)

    Jeff Bussgang — The Experimentation Machine (EP.285) Oct 09, 2025
    Show notes

    Jeff Bussgang — entrepreneur, venture capitalist, Harvard Business School professor, and co-founder of Flybridge Capital — joins Infinite Loops to explore how AI is transforming the operating systems of startups.

    We dive into Jeff's framework from his new book The Experimentation Machine, why AI compresses the cost and time of learning, how to distinguish 10X founders and 10X joiners, and why execution velocity matters more than tech moats in the age of AI.

    One of the most important things Jeff and I discuss is why discernment and taste may be the most valuable human skills of the future. I hope you enjoy this conversation as much as I did. For the full transcript, episode takeaways, and bucketloads of other goodies designed to make you go, "Hmm, that's interesting!," check out our Substack.

    Important Links:

    • Flybridge
    • Jeff's Wikipedia Profile
    • Jeff's Website
    • Jeff on LinkedIn
    • Jeff's Twitter

    Show Notes:

    • AI and the Rise of the 10X Founder
    • The HUNCH Framework for Product-Market Fit
    • Hair-on-Fire Value Props vs. Vanity Metrics
    • Head in the Clouds, Feet on the Ground
    • The Kill Criteria
    • The 3Ts That VCs Look For
    • Creating Win-Win Outcomes: MongoDB
    • What Makes a 10X Founder
    • The Human Edge in the Age of AI
    • Everybody is in Sales
    • Who is a 10X Joiner?
    • Emperor of the World: Jeff's Two Rules for Humanity

    Dan Wang — China, US and our Collective Future (EP.284) Oct 02, 2025
    Show notes

    Dan Wang, author of "Breakneck: China's Quest to Engineer the Future," joins me to explore why China builds while America blocks, how lawyers strangled U.S. infrastructure, and why Connecticut trains run slower than they did in 1914. Dan lived through China's trade war, Zero COVID, and the exodus of 15,000+ Chinese millionaires, giving him unique insight into both superpowers' pathologies.

    This conversation covers everything from why ribbon-cutting ceremonies matter for societal optimism to how lawyers morphed from deal-makers to obstructionists after the 1960s. We explore California's high-speed rail fiasco, the rebellion against NIMBYism, and Dan's prescription: America needs 20% more engineering, China needs 50% more lawyerly protections. Plus we discuss cognitive diversity, the Death Star versus the Rebel Alliance, and why we need synthesis.

    I hope you enjoy the conversation as much as I did. For the full transcript, episode takeaways, and bucketloads of other goodies designed to make you go, "Hmm, that's interesting!", check out our Substack.

    Important Links:

    • Personal Website
    • X / Twitter
    • LinkedIn
    • Profile at the Hoover Institution

    Show Notes:

    • The Engineering State vs. the Lawyerly Society
    • America's Lost Building Culture
    • China's Gilded Age & America's Progressive Era
    • Solutions for America's Building Crisis
    • An Oncoming Battle of Elites
    • Becoming Pro Development
    • A Vision for a New Housing Fund
    • China's Challenges
    • Who Has a Better Shot At Change?
    • Rickover: The Grand American Builder
    • Dan's Uncertain Forecast of China
    • Looking Ahead to 2035
    • Dan As Emperor of the World

    Alex Danco — Speeches and Spells for the Kings and Priests (EP.283) Sep 25, 2025
    Show notes

    It's Alex Danco's landmark 10th appearance on Infinite Loops!

    He joins the show to discuss his move from Shopify to a16z (where he'll be building out their editorial operations), the power dynamics between VCs and founders (the kings and priests of our era), communication theory and the power of speechwriting, Reagan's rhetorical genius, authentic weirdos, America's hypomanic DNA, the unexpected similarities between American and Chinese culture, and why listeners who haven't read any recommended books after 10 episodes are wasting their time.

    I hope you enjoy the conversation as much as I did. For the full transcript, episode takeaways, and bucketloads of other goodies designed to make you go, "Hmm, that's interesting!", check out our Substack.

    Important Links:

    • Website
    • Twitter
    • Newsletter

    Show Notes:

    • Alex's New Gig
    • A Civil War Between Elites
    • The Citizen Kane Test for CEOs
    • Communication is the Founder's Job
    • VCs as Legitimacy Banks & Magic-Makers
    • The Lost Art of Speechwriting
    • Reagan's Genius & The American Dream
    • The Hypomanic Edge
    • Mystery, Respect, and Cultural Power
    • Marketing Ideas to the Right Audience
    • The New Internet Economy
    • Maritime Laws for AI Agents
    • The Goth Index and Authenticity
    • Substack's Identity Crisis & The Role of Podcasts
    • Alex as Emperor of the World (Again)

    Books Mentioned:

    • What Works on Wall Street; by Jim O'Shaughnessy
    • How Music Works; by David Byrne
    • Breakneck: China's Quest to Engineer the Future; by Dan Wang
    • The Hypomanic Edge: The Link Between (A Little) Craziness and (A Lot of) Success in America; John D. Gartner
    • The Language of Magic; by Toby Chapel
    • Underwriters of the United States: How Insurance Shaped the American Founding; by Hannah Farber

    Sangeet Paul Choudary — AI and our System Reshuffle (EP.282) Sep 18, 2025
    Show notes

    Sangeet Paul Choudary, bestselling author of Platform Revolution and Reshuffle, and senior fellow at UC Berkeley, joins the show to challenge the conventional wisdom about AI's impact on our economy. We explore why knowledge workers risk falling "below the algorithm," how curiosity and judgment become luxury goods in a world of cheap answers, and why our educational and career structures need complete reinvention rather than incremental reform.

    I hope you enjoy the conversation as much as I did. For the full transcript, episode takeaways, and bucketloads of other goodies designed to make you go, "Hmm, that's interesting!", check out our Substack.

    Important Links:

    • Reshuffle: Who Wins When AI Restacks the Knowledge Economy (Amazon)
    • Website
    • Twitter
    • Substack
    • LinkedIn

    Show Notes:

    • Sangeet's Core Thesis
    • Technology's Second Order Effects
    • Coordination Without Consensus
    • Resistance to Innovation
    • The Bottlenecks of Changing Systems
    • Staying Above The Algorithm
    • An Impending Cognitive Chasm
    • The Limitations of Reskilling
    • Redesigning Hiring for the AI Era
    • The Human Touch Fallacy
    • The End of Linear Career Paths
    • Collective Sense-making in Uncertainty
    • Sangeet as Emperor of the Day

    Books Mentioned:

    • Platform Revolution; by Geoffrey G Parker, Marshall W Van Alstyne, Sangeet Paul Choudary
    • Reshuffle; by Sangeet Paul Choudary
    • The Hound of the Baskervilles; by Arthur Conan Doyle
    • Why Greatness Cannot Be Planned; by Kenneth Stanley and Joel Lehman

    Michael Dean — The Architecture of Essays (EP.281) Sep 11, 2025
    Show notes

    Michael Dean — architect-turned-writer, O'Shaughnessy Fellow, and creator of Essay Architecture — joins the show to explore the hidden structures beneath nonfiction and why essays, like buildings, can be designed with patterns rather than left to inspiration.

    We discuss the origins of Essay Architecture, Michael's 27-pattern framework that maps essays across Idea, Form, and Voice, and how to make craft teachable and AI feedback useful without replacing the writer. Along the way, we dive into architecture school critiques, why publishable doesn't mean perfect, how editing rewires thinking, and the cultural risks if we keep treating writing as vibes instead of patterns.

    I hope you enjoy the conversation as much as I did. For the full transcript, episode takeaways, and bucketloads of other goodies designed to make you go, "Hmm, that's interesting!", check out our Substack.

    Important Links:

    • Michael's Website
    • Substack
    • X/Twitter Profile

    Show Notes:

    • The Architecture of Essays: from Design School to Writing Frameworks
    • The Pattern Language: Idea, Form, and Voice
    • Local Nuance vs Global Stylekits
    • Fundamentals before Breaking Rules: Joyce, Picasso, the Beatles
    • Quality Without a Name
    • Leveling the College Playing Field
    • The Two Sandboxes of Fundamentals and Amplification
    • Gamification, Play and Motivation
    • Beyond the Five-paragraph Essay: Emerson and AI in Education
    • Scoring Great Essays: Why David Foster Wallace takes Three Top Spots
    • How Writing Colonized the brain
    • Editing as Belief-rewiring: Why Writers Avoid It and Why Math Helps
    • The King of Biases: Confirmation Bias
    • Michael as Emperor of the World

    Books Mentioned:

    • Works on Wall Street; Jim O'Shaughnessy
    • Essay Architecture (in progress) ; by Michael Dean
    • A Pattern Language; by Christopher Alexander
    • The Best American Essays 2024 Anthology; by Wesley Morris and Kim Dana Kupperman
    • Consider the Lobster; by David Foster Wallace
    • The White Album; by Joan Didion
    • Shooting an Elephant; by George Orwell
    • Portrait of an Artist as a Young Man; by James Joyce
    • Finnegan's Wake; by James Joyce
    • Towards a Golden Age; Paul Graham
    • The Limits of Scientific Reasoning; by David Faust
    • The WEIRDest People in the World; by Joseph Henrich

    Roon — On Shape Rotators, AGI & Tenet (Infinite Loops CLASSICS) Sep 04, 2025
    Show notes

    Hello everyone, Jim here. We're taking a brief two-week break from new episodes to spotlight a couple of golden oldies from the Infinite Loops archive. Years later, these remain some of my favorite conversations. We'll be back soon with fresh episodes, but in the meantime, enjoy this trip back to November 2023, when we welcomed the one and only Roon.

    _________________

    AI researcher, memelord extraordinaire, and techno-optimist Roon joins the show to discuss coming up with the shape rotator vs. wordcel meme, what an AGI world could become, and why Tenet is Christopher Nolan's best movie.

    Important Links:

    • Roon's Twitter
    • Roon's Substack
    • AGI Futures

    Show Notes:

    • Shape Rotators Vs. Wordcels
    • Why AGI is Possible
    • AI in Science Fiction
    • AGI Future #1: Neuralink Third Impact
    • AGI Future #2: Simulation Theory
    • AGI Future #3: Dumb Matter
    • AGI Future #4: Balrog Awakened
    • AGI Future #5: Ultra Kessler Syndrome
    • AGI Future #6: The Tragedy of Taiwan
    • AGI Future #7: For Dust Thou Art
    • AGI Future #8: CEV Super Intelligence
    • Why Tenet is Christopher Nolan's Best Movie
    • Roon as Emperor of the World
    • MORE!

    Books Mentioned:

    • The Lucifer Principle: A Scientific Expedition into the Forces of History; by Howard Bloom
    • The Genius of the Beast: A Radical Re-Vision of Capitalism; by Howard Bloom
    • The God Problem: How a Godless Cosmos Creates; by Howard Bloom
    • William Blake vs the World; by John Higgs
    • The Hitchhiker's Guide to the Galaxy; by Douglas Adams

    Gurwinder Bhogal's Guide to Modern Survival (Infinite Loops CLASSICS) Aug 28, 2025
    Show notes

    Hello everyone, Jim here. We're taking a brief two-week break from new episodes to spotlight a couple of golden oldies from the Infinite Loops archive. Years later, these remain some of my favorite conversations. We'll be back soon with fresh episodes, but in the meantime, enjoy this trip back to August 2024, when we welcomed the one and only Gurwinder Bhogal.

    _________________

    "We have created for ourselves a world that we didn't evolve for."

    Gurwinder Bhogal is, for my money, one of the most independent, original and insightful thinkers you'll find in our corner of the internet.

    He returns to discuss how willpower and good old-fashioned human agency can help us reclaim our mental sovereignty and escape the "constant avalanche of concerns that are being vomited over us through our laptop screens, our phones, our TV screens, and in conversations."

    For the full transcript, episode takeaways, and bucketloads of other stuff designed to make you go, "Hmm, that's interesting!" check out our Substack.

    Important Links:

    • Gurwinder's Substack
    • Gurwinder's Twitter
    • Gurwinder's previous Infinite Loops appearance

    Show Notes:

    • "We have created for ourselves a world we didn't evolve for"
    • The dogged persistence of our stubborn beliefs
    • Gamification; generational differences in agency
    • The societal impact of the education system's changing priorities
    • How to zombify a population
    • Skin in the game: Gurwinder's guide to reclaiming agency
    • LLMs, bullshit, and the atomization of culture
    • How to play better games
    • Willpower is the bottleneck
    • Gurwinder as emperor of the world
    • MORE!

    Books Mentioned:

    • Why Everything is Becoming a Game; by Gurwinder Bhogal
    • Think Again: The Power of Knowing What You Don't Know; by Adam Grant
    • The Status Game: On Human Life and How to Play It; by Will Storr
    • The True Believer: Thoughts on the Nature of Mass Movements; by Eric Hoffer
    • Why the Mental Health of Liberal Girls Sank First and Fastest; by Jonathan Haidt (After Babel)
    • America's Colleges Are Reaping What They Sowed; by Tyler Austin Harper (The Atlantic)
    • Joe Biden and the Common Knowledge Game; by Ben Hunt (Epsilon Theory)
    • The Emperor's New Clothes; by Hans Christian Andersen
    • Futarchy Details; by Robin Hanson (Overcoming Bias)
    • The Enlightenment Trilogy; by Jed McKenna
    • The Weirdest People in the World: How the West Became Psychologically Peculiar and Particularly Prosperous; by Joseph Henrich

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