New Emerging Managers episode with @Rewkang is live and it was a banger! Andrew is one of the most successful investors I know, and his parlay into robotics is looking like one for the history books: $19m into Figure before he'd even spoken to the founder, a ~15x reprice, then using part of this position to anchor RoboStrategy ($BOT) which now trades at ~$700m market cap on NASDAQ But Andrew's goal with Robostrategy is much bigger than one great trade: to build the "SoftBank for robotics", giving retail access to what he believes is the biggest market in history, and letting him continuously raise from and compound in public markets Andrew shilled me Figure back in '24 before he invested, and I looked at it pretty deeply before unfortunately passing. So in this episode I play devil's advocate, putting the strongest bear case on Figure and humanoids to him, digging into what I missed, and letting him take it apart. We also get into his broader investing philosophy, the RoboStrategy structure, and much more Listen to the entire conversation on Youtube now:

China's total goods imports and exports increased by 16.9% YoY to reach 25.47 trillion yuan (about $3.76 trillion) in the first half of 2026, surpassing the 25 trillion yuan mark for the first time for the same period on record, the General Administration of Customs said Tuesday.

FULL INTERVIEW: @maticrobots co-founder @mehul reveals how his team cracked the hardest problem in home robotics: mapping chaotic real homes to five-nines accuracy. He talks Silicon Valley origins, Elon Musk's approach to overpromising versus overdelivering, a live voice-command demo, and the wild story behind Roomba's $199 price tag. 1:38 Why 100+ self-driving startups existed but none building robots for homes 3:43 Achieving "five nines" of mapping accuracy 8:09 Live demo: Matic responds to "Hey, Matic, clean this" and points/gesture commands 10:57 The goal was always Rosie the Robot 16:47 The Las Vegas home with a fountain and fish tank that nearly broke the robot's mapping 18:05 The key difference between overpromising and overdelivering 22:09 The "march of nines" why the last 0.1% of robotics reliability takes years 25:47 Electrolux Trilobite's $1,500 failure vs. Roomba's $199 "permission from your partner" price point

NEW EPISODE - Is bitcoin:native Going According to Plan? Gold, @saylor, Satoshi | @danheld @Bitcoin started as cypherpunk rebel money. Today it has ETFs, Wall Street buyers, corporate treasuries, a strategic reserve, and Michael Saylor owning a giant slice of the supply. So… is this victory? Or did Bitcoin become something very different than early maxis imagined? TRANSCRIPT --- 0:00 Is Bitcoin Going According to Plan? 2:39 Bitcoin’s Culture Changed, But Did the Code? 10:42 From Magic Internet Money to Digital Gold 16:44 Michael Saylor, Strategy and Concentration Risk 21:44 Is Bitcoin Becoming Too US-Coded? 25:47 Did Bitcoin Miss Its Scaling Moment? 31:18 Privacy, Cash and Bitcoin’s Tradeoffs 33:51 Satoshi’s Design Choices 40:06 BIPs, Quantum Risk and Bitcoin Upgrades 43:52 How Urgent Is Quantum? 46:30 The Satoshi Mystery 49:54 Bitcoin’s Next Phase of Adoption 51:40 Will Bitcoin Flip Gold? 55:27 Being Early Looks Crazy