Everyone I know is nervous.
They just want to get it over with.
But don&rsquo;t just tune out now&mdash;this is the moment to stay sharp. Right now is the best time to pay attention.
I've been studying crypto since Bitcoin was $114. I worked on Wall Street for decades. I&rsquo;ve been studying politics for a LOT longer than that.
I've seen innovations, trends, and fads come and go. I've spotted unicorns, predicted bubbles, and watched fortunes made and lost.
(Sometimes my own.)
But what's happening right now makes those early days look like a warmup.
These three things - politics, crypto, and Wall Street - are creating an investment opportunity unlike anything we&rsquo;ve seen before.
It&rsquo;s simple:
Wall Street isn't just dipping its toes in crypto anymore - they're diving in headfirst. BlackRock, Goldman Sachs, JPMorgan, Citibank: they're all rushing into a very specific corner of the crypto market.
In fact, the CEO of BlackRock, Larry Fink - the guy who once called Bitcoin a tool for criminals - now says this trend will create "the next generation for markets."
Without going too deep into the weeds&hellip;
Wall Street wants to put literally everything onto the blockchain - stocks, bonds, real estate, fine art, Treasury bills, you name it.&nbsp;
We're talking about potentially $100 trillion worth of assets.
But here's what nobody's talking about:
Tomorrow's election could act as a massive accelerant for crypto.

ALC-Issue-11-05-24(1)

We&rsquo;re living in an epic period of change, danger, and opportunity. The economy is blowing up in our faces. The Fed is printing trillions of dollars. People are getting fired and replaced by computers. Every day, we&rsquo;re bombarded with fake news and fake data. Crypto is eating everything online. Every &ldquo;fix&rdquo; from the government makes things worse. Technology is moving too fast for anyone to keep up.
In short, the Old World has been demolished&hellip; the new world is just beginning. Alongside the greatest wealth shift in human history. We get it. People are desperate for answers and to cut through the noise. Everyone wants to become financially secure. Nobody knows who to trust. That&rsquo;s where we can help.
Altucher Confidential&nbsp;is your guide to surviving and thriving in the age of risk, chaos, and tremendous rewards. This is not a newsletter for the faint of heart. It&rsquo;s a guide West, to the new frontier. For those who are ready to hear, James Altucher and Chris Campbell provide an updated map of the new territory for generating wealth and freedom. Consider&nbsp;Altucher Confidential&nbsp;your daily guide to building, keeping, and investing your money and breaking free from the chains of rusted, old thinking.

AltucherConfidential

Altucher Confidential is your guide to surviving and thriving in the age of risk, chaos, and tremendous rewards. This is not a newsletter for the faint of heart.

Altucher Confidential

Election Eve: The $100T Bet

In the past 100 years, the world has almost ended a handful of times.
Not like, &ldquo;Y2K is going to send us into Mad Max! Beans, bourbon, and bullets!&rdquo;... 
Not like, &ldquo;The Large Hadron Collider is going to create a black hole and it will consume the Earth!&rdquo;... 
No.
Really. Almost. Ended.
People don&rsquo;t talk about it enough. I probably don&rsquo;t think about it enough.
Here&rsquo;s one of the most famous stories:
Stanislav Petrov, a lieutenant colonel, was sitting in a Soviet bunker, staring at a radar screen screaming "incoming nuclear missiles."
The protocol? Alert the generals, launch the counterstrike, and effectively end life on Earth.
But Stanislav did something unexpected.
He hesitated.
He decided it&rsquo;s a false alarm&mdash;based on nothing more than gut instinct. He disobeyed orders and saved the world.
And thank the stars he did.
But here&rsquo;s the scary part:
A machine, no matter how sophisticated, would have followed the protocol.
This is the kind of high-stakes scenario I talked about with Jim Rickards on the latest episode of the podcast.
Jim&rsquo;s a guy I always learn a ton from.
He&rsquo;s written bestsellers, advised the CIA, and probably forgotten more about financial systems than most of us will ever know.
When Jim talks about AI&mdash;especially its role in finance and global security&mdash;I consider what he says carefully.
We started with a simple premise: AI is everywhere.
From your phone suggesting what time to leave for a meeting, to hedge funds using it to pick stocks.
It&rsquo;s embedded into the infrastructure of our lives.
But Jim's take isn&rsquo;t a doom-and-gloom &ldquo;robots are coming for your job&rdquo; story.
Instead, he shows how this technology, while powerful, lacks one critical trait: common sense.
<h3>The Myth of AI&rsquo;s &ldquo;Intelligence&rdquo;</h3>
Jim was quick to dispel the notion that AI is truly &ldquo;intelligent.&rdquo;
At its core, it&rsquo;s math&mdash;powerful algorithms trained on massive datasets. It can identify patterns, mimic human behavior, and yes, even write an essay that fools high school teachers.
But does it understand? No. It doesn&rsquo;t know why it&rsquo;s making decisions, nor can it predict the unintended consequences of those decisions.
That&rsquo;s where humans still have an edge.
Case in point: financial markets.
Hedge funds are already using AI to read thousands of earnings reports, crunch numbers, and even pick stocks. And guess what? Some are outperforming their human counterparts.
But Jim points out the flaw: these models are all the same. They&rsquo;re programmed to react to the same triggers, which means when one fund starts to panic-sell, the rest follow like a stampede.
This kind of self-reinforcing feedback loop could trigger the next big crash.
And it&rsquo;s not just the stock market.
Jim explains how the same lack of diversity in AI systems could amplify risks in other areas, from logistics to national security.
<h3>A World Without Humans in the Loop</h3>
Then, we started talking about the terrifying: nuclear war.
During the Cold War, human intuition saved us more than once.
What happens if we take humans out of the loop and let AI make those decisions?
Can systems misinterpret data&mdash;like a cloud reflecting sunlight&mdash;and trigger catastrophic responses? Sure.
Without a human to say, &ldquo;Wait a second, this doesn&rsquo;t feel right,&rdquo; AI could take us up the escalatory ladder to nuclear annihilation.
So, what&rsquo;s the solution?
Jim suggests two key things.
First, invest in cybernetics&mdash;systems designed to regulate themselves, like tapping the brakes on an icy road instead of slamming them.
Second, diversify your portfolio with non-digital assets like gold, silver, and land.
These are immune to the cascading failures of AI-driven systems.
And then there&rsquo;s the bigger question: What happens when AI starts replacing jobs faster than we can create new ones?
Jim doesn&rsquo;t mince words here.
(In short, he says, the potential for dystopia is big.)
But you&rsquo;ll have to listen to the full podcast to <a href="https://lnk.to/JRAIDTW">hear his uncensored take</a>.

ALC-Issue-12-12-24(1)

Will AI Destroy the World?

Want to know the most reliable way to become a millionaire? Stop trying to build the next AI startup.
Instead, buy a laundromat.
I just interviewed Codie Sanchez about her new book Main Street Millionaire, and I have to tell you - this is the ONE book I'm going to make sure my kids read.
Even if they NEVER want to do this, it&rsquo;ll be valuable.
I&rsquo;ll tell you exactly why in a moment. (It has to do with the one skill everyone should learn - no matter what.)
First, here's the thing about trying to build the next AI startup or crypto platform: you're competing against literally everyone else trying to do the same thing.
But you know what nobody wants to buy? A laundromat. Or a garbage collection business. Or a floor cleaning service.
Yet these "boring" businesses are consistently profitable.
While everyone else is chasing unicorns, Codie has been quietly building generational wealth by buying existing businesses that already make money.
And she's not talking about investing millions - she bought her first laundromat for just $100,000.
This is a game-changer for anyone who thought they needed to be rich already to buy a business.
<h3>The Magic of Seller Financing</h3>
The most actionable part of our conversation was about how to buy businesses with minimal upfront cash.
Codie explained the ins and outs of "seller financing".&nbsp;
Instead of paying the full price upfront, you can often structure deals to pay the seller over time using the profits from the business itself.
And the sellers love this approach.
Why? Three things: higher total purchase price, faster closing than traditional bank loans, and better tax treatment through structured payments.
And, of course&hellip;
<h3>The Hidden Goldmine </h3>
There's an incredible opportunity right now that most people don't see: Baby Boomers own countless profitable small businesses, and many of them have no succession plan.
Rather than sell these businesses, they often just shut them down.
This creates a massive opportunity for buyers who know how to find these businesses and structure deals creatively.
As a parent, this conversation really hit home.
We've been sold this idea that the path to success is to get good grades, go to a good college, get a good job.
But that path rarely leads to real wealth.
I'm literally making my kids read Codie's book because this is the education they should be getting about building wealth.
And there&rsquo;s another reason:
Even if you never buy a business, understanding how deals work is crucial.
Whether you're negotiating salary, buying a house, or starting a side hustle, knowing how to structure and negotiate deals is the real language of money.
This might be the most valuable skill we can learn. It's not sexy, it won't make headlines, but it works consistently.
<a href="https://url.us.m.mimecastprotect.com/s/9hIJCkRVEJc8K5Mwh2fNIGR32K?domain=lnk.to">Listen to my interview with Codie Sanchez</a>.
We dig deeper into exactly how to find these businesses, structure deals with minimal cash, and build real wealth through boring businesses.
We also discuss her journey from border journalist to Goldman Sachs to building her own empire through main street businesses.
Trust me, <a href="https://url.us.m.mimecastprotect.com/s/9hIJCkRVEJc8K5Mwh2fNIGR32K?domain=lnk.to">you don't want to miss this one</a>.

ALC-issue-12-03-24(1)

Better Than Sexy

"I am deeply skeptical that some of these super entrenched financial institutions like the &lsquo;too big to fail&rsquo; banks will be able to adapt."
Omid Malekan, who used to run crypto at Citibank and now teaches at Columbia, is a regular on my podcast.
But <a href="https://lnk.to/CMFJAS">this one might be our best yet</a>.
No, we didn&rsquo;t talk about dog coins and rocket emojis. (OK. Maybe a little.)
Mostly we talked about the $3 trillion that banks make every year by basically doing nothing.
<h3>Banks Will Be Forced to Adapt </h3>
Thing is, when Omid talks about crypto, he's not really talking about crypto.
He's talking about why your bank can randomly fire you as a customer without explanation, or why sending money overseas feels like you're living in 1985.
Every time you use your credit card, you're basically saying, "I agree to give some random companies 2-3% of my money just to spend my own money."
Think about that.
If you make $100,000 a year, you're instantly giving away $2-3,000 just for the privilege of buying stuff. It's even worse if you're a small business owner - those fees might be eating up 15-20% of your actual profits.
But here's where it gets interesting.
Want to know why banks take three days to "process" your wire transfer? Because they're making interest on your money during those days.
Multiply that by trillions of dollars, and you start to understand why banks aren't exactly rushing to speed things up.
But something's changing.
The regulatory cloud that's been hanging over crypto is lifting. Gary Gensler is on his way out at the SEC. BlackRock and Goldman Sachs are diving into "tokenization" - a word that sounds nerdy but actually represents a market bigger than all the world's currencies combined.
It's not JUST about Bitcoin - it's about the entire financial system being rebuilt from scratch.
Remember when we all thought the internet was about email?
This is like that.
We're all focused on crypto prices while the actual infrastructure of money is being reinvented.
Then I asked Omid what happens next.
Omid thinks we'll see major companies launching their own blockchain systems - imagine WhatsApp or Disney having their own financial networks.
BUT with a huge (and surprising) difference from banks. (Listen to the whole thing.)
<h3>What Happens Next </h3>
Look&hellip;
This isn't about whether crypto will change finance. It's about how much of the current financial system is going to survive crypto.
Will some people still get rich off meme coins? Sure.
But that's like focusing on Pets.com during the early internet. The real story is what's happening under the surface.
By the way, if you're wondering why your bank suddenly cares about blockchain - now you know.
They're not innovating. They're terrified.
<a href="https://lnk.to/CMFJAS">Click here to listen to the whole podcast</a> and see WHY they&rsquo;re terrified.

TTF-Issue-11-26-24(1)

Your Bank Might Disappear

When the New York Times calls you an arms dealer but you've also been nominated for a Peace Prize&hellip;
You know you've lived an interesting life.
I just had <a href="https://lnk.to/KTISB">Ken Timmerman on my podcast</a> to talk about WWIII. And where it could actually start. (Hint: it&rsquo;s NOT Ukraine.)
Here&rsquo;s why you should listen to him:
Ken is often called a "veteran war correspondent" and "author" - but that's like calling James Bond a &ldquo;government employee&rdquo;.
(Sure, and I guess you could say Goldfinger was just a passionate metals collector.)
The guy went from being held hostage by Palestinians in a Beirut basement to running spy networks inside Tehran's Supreme Leader's office.
He helped the 9/11 families win a $6 billion judgment against Iran by proving what everyone said was impossible - that Iran helped Al-Qaeda.
When Trump took out Soleimani? That was partly based on intelligence from Ken's network. Trump later pointed him out at a rally in Jacksonville and said, "I see one of my undercover operators there..."
Ken specializes in Middle East conflicts.
He just wrote this book called "The Iran House," and some of the stuff in it is terrifying.
You should listen to the whole thing. I can only scratch the surface here.
<h3>Things I Didn&rsquo;t Know About Iran </h3>
Look, I'll be honest - I went into this interview skeptical.
When someone tells you a US presidential advisor was secretly coordinating with Iran to create an 'October surprise&rsquo;? That sounds like a conspiracy theory.
But Timmerman isn&rsquo;t some random guy off the street. He's spent four decades covering Iran, built networks of sources inside the regime, worked with intelligence agencies, and has a track record of being right when others were wrong.
Did you know Iran could build five nuclear weapons in just five weeks if they wanted to? But they're waiting until they can build an arsenal of 20-30 weapons at once.
Why? Because they're worried if they just build one or two, Israel will take them out immediately.
The scariest part of our conversation wasn't about nuclear weapons though. It was about how deep Iran's influence runs. Everyone's focused on Ukraine, but Ken is convinced Iran is where World War III could actually start.
But he didn&rsquo;t just point out the problems: Ken laid out this simple plan for dealing with Iran. He calls it "maximum pressure on the regime, maximum support for the Iranian people."
What really struck me about my conversation with Ken was how he sees Iran itself.
This isn't a simple story of good guys and bad guys. (He goes into more detail in the podcast.)
<h3>Scared to Death, But Hopeful </h3>
Look, I'm an optimist.
I always look for the upside. But after talking to Ken, I realize why he's spent forty years tracking this stuff.
I don't know whether to be scared to death after talking to Ken or hopeful. I'm going to stick with hopeful but I'm still scared at the same time.
Whether you agree with Ken's conclusions or not, his track record is hard to ignore. He's been right about Iran when everyone else was wrong.
I just hope he&rsquo;s right about some things he said&hellip; and horribly wrong about others.&nbsp;
<a href="https://lnk.to/KTISB">Click here to listen to the full conversation</a>.

ALC-Issue-11-21-24(1)

The Real Road to WWIII (Not Ukraine)

There's a reason I keep inviting Jim Rickards back to my podcast.
Not because we agree - sometimes we don't - but because he's usually spotted something I need to hear...
And also every time I talk to him, I feel like I should be paying tuition.
The guy&rsquo;s been everywhere, seen everything, and has the battle scars to prove it.
That&rsquo;s why I <a href="http://lnk.to/JRTS">had him on my podcast last week</a>.
Here's the thing about Jim - when he tells you a story about the economy, it's not from reading textbooks.
He was in the room.
Like when Long-Term Capital Management almost crashed the entire global financial system in '98.
Jim was their chief counsel.
He was the guy negotiating the bailout while the whole world held its breath.
So when he tells me we might be heading into a recession, I listen.&nbsp;
But, according to Jim, it's what comes after that matters.
For example, he drew this fascinating parallel to Reagan's presidency that got me thinking.
<h3>Remember 1981? </h3>
Reagan steps into office, inherits a mess, and boom - recession.
But then something happened.
From '83 to '86, the economy grew 16%. Not annually - total.
But still, that's more than anyone expected.
Jim thinks we might see the same movie play out with Trump's second term.
But here's where it gets interesting.
Everyone thinks the Fed controls everything through interest rates.
Jim says that's BS.
He told me this mind-blowing stat: during the longest economic expansion in U.S. history (2009-2019), interest rates were basically zero, but growth averaged a pathetic 2%.
"Low rates don't mean stimulus," he told me. "Hell, we had super low rates during the Great Depression."
So what really matters?
<h3>What Jim Really Thinks About Trump </h3>
Jim was at dinner in Washington recently at CPAC.
The host was going around the table pointing at people:
"There's our next Attorney General... there's our next Treasury Secretary..." 
These weren't just random picks - there's a whole shadow transition team already working.
You&rsquo;ll have to <a href="http://lnk.to/JRTS">listen to the podcast to hear what Jim REALLY thinks about Trump&rsquo;s picks</a>, but I&rsquo;ll say this:
It&rsquo;s going to be a total shake-up.
The next few months are going to be wild.
But for the economy&hellip;
The big question isn't whether the Fed will cut rates - according to Jim, that's theater.
The real question is whether banks will start lending again, whether businesses will start borrowing again.
As Jim puts it, "When neither side wants to dance, nobody's dancing."
By the way, we also talked about Jim's new book about AI and money.
The stories he can tell about what's really going on behind the scenes... that's the stuff you can't get anywhere else.
Don&rsquo;t miss this one. It&rsquo;s one of my most popular yet.
He also dropped a bombshell about Silicon Valley Bank that nobody's talking about. (It&rsquo;s SCARY.)
<a href="http://lnk.to/JRTS">Check out the full episode here</a>.
Stay tuned for part two where we dig into AI and the future of money.
By the way, if you like this kind of deep dive into what's really going on, subscribe to my podcast.

ALC-Issue-11-19-24(1)

My Chat With Jim Rickards

There's something weird about our Constitution that nobody talks about.
It's not about voter fraud or rigged machines - it's about actual legal ways the election results could theoretically be changed after the fact.
I talked about this recently on my latest <a href="https://lnk.to/HTCPE">podcast</a>.
Let me break it down.
(And show you whether or not it&rsquo;s likely.)
As you know, when you vote for president, you're not really voting for president. You're actually voting for a bunch of electors who then vote for president.
Each state gets a certain number of these electors based on their size. Win the state, win all its electors (except in Maine and Nebraska).
But there are loopholes to &ldquo;legally cheat&rdquo;.
<h3>Loophole #1: The State Legislature Slowpoke</h3>
According to the Constitution (I've read it, not fun), state legislatures have TOTAL POWER over how electors are chosen.
They don't technically have to follow the popular vote.
But here's the really sneaky part: there's no strict timeline for when states have to submit their electors. So theoretically, a state could just... not send them in time.
If enough states did this, you wouldn't need 270 electoral votes to win anymore - you'd just need a majority of whatever electors actually showed up to vote.
<h3>Loophole #2: The 14th Amendment Twist</h3>
This one's specifically relevant to certain candidates who've been impeached for insurrection.
The 14th Amendment (added after the Civil War) says if you've "engaged in insurrection," you can't hold federal office.
<h3>Why These Loopholes Probably Won't Matter</h3>
I've spent years studying systems that can break - markets, businesses, economies.
The American election system is like a really old car. It's got some weird quirks, but it basically works.
These loopholes exist, but using them would be like trying to cheat at poker in front of a thousand cameras.
Technically possible, practically insane.
I&rsquo;ll explain why, and show you what will happen if Democrats wave the &ldquo;insurrection&rdquo; card, on my podcast.
<a href="https://lnk.to/HTCPE">Check the full version out here</a>.

ALC-issue-11-05-24(1)

How to "Legally Cheat" in the Election

Naveen Jain is trying to help humans live to 300 years old.
And you know what's really crazy?
He might actually do it.
Nine years ago, I interviewed Naveen Jain about mining the moon.
Yesterday, I had him back. We talked about poop transplants. And somehow, the poop thing might be even bigger than the moon mining.
Not kidding.
Naveen broke my brain.
He revealed why every fad diet is a lie&hellip; why the &ldquo;bad genes&rdquo; narrative is total BS.&hellip; and the real puppet masters inside your body.
<h3>Your Genes Are Fine </h3>
Let me back up.
I&rsquo;ve interviewed a TON of health experts for my podcast.
Everyone has their thing. Keto people tell me carbs are killing me. Vegan people tell me meat is killing me. Fasting people tell me eating itself is killing me.
I've changed my diet probably 500 times in the past decade based on podcast guests.
But Naveen said something that stopped me cold: "Your ancestors lived to 22 years old. If you want to eat like your ancestors, fine - but you'll die like them too."
Boom.
Here's the really weird part: You know how everyone talks about "bad genes"? Like "Oh, heart disease runs in my family" or "Everyone in my family gets diabetes"?
Total BS. And he proved it.
Less than 5% of diseases are actually genetic. The other 95%? It's all about what's happening in your gut. And here's where it gets sci-fi level weird: 99% of the genes operating in your body aren't even yours.
They belong to trillions of bacteria living inside you.
These bacteria are basically puppet masters. They control your mood, your cravings, what foods are healthy for you (different for everyone), even how you think.
One thing Naveen taught me&hellip;
<h3>I Don&rsquo;t Know Anything</h3>
I've interviewed over 1,000 entrepreneurs.
The great ones all have something in common - they don't just think outside the box. They build a new box, then think outside that one too.
Most people: "How do we make better supplements?"
Naveen: "How do we reprogram the trillions of bacteria controlling our bodies?"
Most people: "How do we live to 100?"
Naveen: "How do we live to 300?"
Most people: "How do we grow food on Venus?"
Naveen: "What if we could modify human genes to eat radiation instead of food?"
(Yes, he actually talked about this.)
I'm getting my gut analyzed next week.
Will it help my chess game? Will it help me live longer? Will it help me build better businesses?
I don't know.
But I do know this: Every time I think I've figured life out, someone comes along and shows me I know nothing.
And that's exactly when things get interesting.
<a href="http://lnk.to/NJDNA">Click here for the full episode with Naveen</a>.

ALC-Issue-10-25(1)

The Hidden Puppet Masters

My social media feed is exploding with election drama.
It sucks.
Hot takes, gotcha&rsquo; moments, conspiracy theories &ndash; all of it posing as &ldquo;news.&rdquo;
Remember: most of it is garbage.
Everyone&rsquo;s yelling, but no one&rsquo;s saying anything new.
Legacy news outlets? Same problem. Bias, bias, and more bias.
The real issue is people confuse opinions with actual news.
But here's where it gets exciting: while everyone's arguing about polls and personalities, they're missing the real story.
The story that actually affects your wallet.
I've been fascinated with elections since I was 12 years old. I interviewed Senator Bill Bradley for my local paper back then.
And since then my fascination has only grown.
Not the drama, but the patterns. Especially the way markets respond. Especially the opportunities that emerge when everyone else is distracted.
Here's what I learned after decades on Wall Street and as a venture capitalist: the biggest opportunities come when everyone's looking the wrong way.
While the masses debate poll numbers on X, smart money is quietly positioning itself for what's next.
Remember 2016? While social media melted down, certain market sectors exploded.
Not gradually. Almost overnight.
We're talking wealth-changing moves that nobody saw coming. Except they did come. And they'll come again.
The key is to understand that elections don't just change governments &ndash; they shift market psychology.
When that happens, money moves. Fast.
What matters here is understanding where the money will flow next.
I've spent months analyzing the data. Not the polls &ndash; forget those.
I'm talking about real data. Money flows. Institutional positions. The quiet moves big players make while everyone else screams at each other on cable news.
And what I've found might surprise you.
Actually, it will definitely surprise you. Because while everyone's focused on red versus blue, there's a $100 trillion shift brewing that nobody's talking about.
But before I tell you my prediction, let me be clear: this isn't about politics.
I'm not here to tell you who to vote for. That's your business.
I'm here to show you where the money's going next. Because in my experience, that's the only prediction that really matters to your bottom line.
Want to know what I found? And my big election prediction?
Stay tuned.

Everyone is Lying About the Election

Forget about ChatGPT writing your emails or AI making pretty pictures.
Let&rsquo;s talk about something that's going to change your life -- literally.
The most important use of AI isn't in tech or finance. It's not about replacing jobs or creating virtual worlds.
It's about keeping you alive.
Longer. Stronger. Feeling better than ever.
I'm talking about AI that's going to add years to your life.
Decades, potentially.
And this isn't some sci-fi pipe dream. This is happening right now, today, as we speak.
That's why I sat down with Hamed Shahbazi.&nbsp;
Hamed is best known for founding TIO Networks, a fintech company that provided bill payment solutions, which was acquired by PayPal in 2017.
He is also the CEO of WELL Health Technologies, a company focused on digital healthcare services using AI.
His company is on the cutting edge of the most important revolution in human history. They&rsquo;re using AI to rewrite the rules of healthcare and longevity.
And what he said is going to change the way you think about the future of healthcare.
<h2 class="subhead nbp">This is Happening Now </h2>
If you want to see how quickly things have changed, consider this:
Before the pandemic, doctors were generally against AI in healthcare.
This has shifted in a big way.
Now they see the light.
As AI systems improved and were implemented, doctors began to understand that AI wasn't going to replace them, but rather support them.
For example, one AI tool developed by Healwell is giving doctors back about 20% of their day.
This addresses doctor burnout and improves interactions with patients.
Win-win.
Thing is, healthcare data makes up about 30% of the world's data and is growing at 36% per year.
Healwell has taken 18 million patient records and fed them into an AI system.
We're talking about every detail of a patient's medical history - from the initial phone call describing symptoms, through various tests and visits, to the final diagnosis and treatment plan.
Now, when a new patient comes in, this AI system starts working immediately.
From the moment the patient describes their symptoms, the AI is already analyzing the data, comparing it to millions of other cases, and generating potential diagnoses and treatment plans.
It's like having a super-intelligent medical assistant working alongside the doctor.
But it gets better than that.
Hamed believes that in the future, AI will be able to provide very precise, personalized health recommendations (e.g., "walk 10,000 steps, consume this much olive oil").
The integration of genomics, metabolomics, and microbiome data will only accelerate this trend.
In fact&hellip;
Hamed predicts that eventually, not using AI in medical practice could be seen as a form of malpractice, though this might be decades away.
Right now, we&rsquo;re at the beginning of a very exciting shift in healthcare.
AI is at the center of it.
And my conversation with Hamed was like looking into the future.
The full conversation is online now.
<a href="https://lnk.to/HSAIP2" target="_blank" rel="noopener">Click here to listen in</a>.

alc-issue-10-16-24-img

Thrive Long and Prosper 

A lot can happen in one year.
In 1996, I sold my first company one year after I launched it.
My cut? $15 million.
I&rsquo;d gone from zero to $15 million in one year. I felt like I&rsquo;d won the lottery.
But then, suddenly, a weird thing happened: $15 million felt like chump change.
I start watching these guys make $100 million, $200 million, and I&rsquo;m thinking, &ldquo;What&rsquo;s wrong with me?&rdquo;
So I started taking on insane risks.
Fast forward a year, I&rsquo;m at an ATM staring at $143.
I lost everything.
Fifteen million to $143.
How? It&rsquo;s easier to do than most people think.
You do it by not understanding risk.
Most people don&rsquo;t understand risk. The world would be a better place if we did understand it.
Risk is the single-most important thing everyone needs to understand.
That&rsquo;s why I recently had Nate Silver and Maria Konnikova on my podcast.
If you don&rsquo;t know them, they&rsquo;re two of the sharpest minds on probability and human behavior.
Nate Silver&rsquo;s the guy who brought data analysis to politics.
Maria Konnikova took on poker to understand how luck and skill intertwine&mdash;she started with zero experience and ended up winning big at the tables.
They both agreed on one thing: most people get it wrong because they don&rsquo;t separate risk from uncertainty.
They think they&rsquo;re interchangeable, but they&rsquo;re not.
Here&rsquo;s the thing about making decisions: we&rsquo;re constantly waiting for all the information, that perfect moment of clarity when we finally feel &ldquo;ready.&rdquo;
But that moment isn&rsquo;t coming.
If you want to get good at decision-making, you&rsquo;ve got to embrace the idea that you'll almost always be working with incomplete information.
Rather than letting that paralyze you, just jump in.
Poker players get this.
They&rsquo;re used to acting on intuition, piecing together small clues, and accepting the inherent uncertainty of the game. And, really, life isn&rsquo;t that different.
Try jotting down what you *do* know about a situation next time you&rsquo;re stuck. Making a list of the known variables can clarify your next move and keep you from getting bogged down by all the unknowns.
BUT there&rsquo;s a caveat: Start small.
I wish I&rsquo;d started small after I sold my first company. Instead, I was throwing money everywhere.
Maria&rsquo;s approach to this was personal.
She talked about how poker shifted her thinking about risk in everyday life, transforming her from a cautious player into someone who could handle a bit more chaos.
It&rsquo;s not about flipping a switch and suddenly becoming fearless. It&rsquo;s about easing yourself into risks that push your comfort zone, but don&rsquo;t paralyze you.
So start small.
If you&rsquo;re risk-averse, don&rsquo;t go for the home run on your first swing. Instead, take small risks and build up your tolerance over time.
The experience will help you get comfortable with uncertainty, and over time, you&rsquo;ll learn to weigh risk versus reward in a way that feels right for you.
One of the biggest takeaways here is to stay process-oriented, not outcome-oriented. It&rsquo;s so easy to judge a decision by its results, but Maria and Nate argue that&rsquo;s a mistake.
Even the best decision-making process can lead to a bad outcome&mdash;it&rsquo;s just how probabilities work. When things don&rsquo;t go your way, don&rsquo;t immediately think you screwed up.
Instead, focus on whether you made the right decision with the info you had. If you did, that&rsquo;s a win, regardless of the outcome.
There&rsquo;s a LOT more tips and tricks like this in the full podcast.
It&rsquo;ll change the way you view risk EVERYWHERE in your daily life.
<a href="http://lnk.to/NSMKR">Click here for the full conversation.</a>