The returns go to whoever spots the scarce assets migrating first - from chips to megawatts in AI, from cognitive horsepower to judgement in careers.
My name is Ahmed Husain, I spent twenty-seven years in institutional finance.
The goal of The Curious Mind is to sit at the intersection of markets, technology and human potential.
New here? These are three doors.
1. The AI compute stack
The AI bottleneck in AI has moved three times in four years - models, then chips, then memory and now power you can plug into. The money has been in tracking where the constraint walks next, not in being long or short the whole thing.
Tetralogy Piece 1 - The Other AI Trade
Tetralogy Piece 2 - Half of Nvidia
Tetralogy Piece 3 - Six Billion Dollars of Light
Tetralogy Piece 4 - Why Elon Musk Imported a Power Plant
Tetralogy Piece 5 - The Power Stack
2. The Ledger War
Wartime finance is back: three enormous refinancing programmes drawing on one pool of savings, and gold being provisioned like materiel. This is Issue No. 1 of the Curious Mind Research Letter - the deep, investment grade work I do alongside the essays.
The Research Letter is a paid publication with a small founding cohort. If you allocate capital seriously and want in at the founding rate, reply to any of my emails with the word “Letter”, you can learn more about the Research Letter here.
3. The other half of the curious mind
I don’t only write about markets and technology. The pieces below are why half my readers are here:
Your Brain Is Not A Computer - why the best macro traders read fiction, and what story-thinking beats computation at.
The Phase Change - Money, Work, and Consciousness at the End of the Old World.
2,500 Years of Strategic Wisdom, Three Personal Failures - What Sun Tzu, Machiavelli, and Clausewitz knew about my divorce, my career, and the colleague who stole my client.
What you get on the free list
An essay every other week, free to read for two weeks - you’ll never miss a new piece by staying free. Paid Members get the archive, the Primers (stand alone deep-dives on subjects like stablecoins, quantum computing, peptides and space) and the shorter Spark Notes!
The Brain Trust
Alongside the writing I run a private group of investors, founders and operators. Its capped at 100, and it opens in windows. It isn’t a product, it’s a room that tells its members things. If it sounds like your kind of room, you can learn more here.
Everything I publish is my own thinking and none of it is investment advice - full disclaimer here.