Practicing Wisdom — Issue #8

This week I kept circling one theme: power hides in architecture. Hackers expose assumptions, founders learn too late that equity isn’t ownership, and investors crowd into “quality” stocks without seeing the math stacked against them. From FanDuel’s founders losing everything to Robinhood replacing Caesars in the S&P, the lesson is clear: if you don’t study the system, you’re not playing the game—you’re being played.