AI Eats Coding
Source: semianalysis
As you are likely aware, we’re not convinced that artificial intelligence (AI) is going to replace the majority of jobs any time soon. It is a transformational space, but one that is currently subject to a lot of hyperbole. There are exceptions though, and you can see it in the data around GitHub—a coding platform used by millions of developers—and the price action in software stocks.
4% of GitHub public commits are being authored by Claude Code right now. At the current trajectory, we believe that Claude Code will be 20%+ of all daily commits by the end of 2026. While you blinked, AI consumed software development.
Wealth is What You Have Minus What You Want
A long-form podcast between Morgan Housel and Shane Parish. Morgan is one of the clearest thinkers we know of on the behavioural side of wealth.
The speed at which a luxury becomes a necessity is 2 seconds (…once you have it).
The Multidisciplinary Approach to Thinking
Peter Kaufman on the importance of being a multidisciplinary thinker. This is a masterclass of a presentation that is well worth your time.
All you have to do, if you want everything in life from everybody else, is first pay attention, listen to them, show them respect, give them meaning, satisfaction, and fulfillment. Convey to them that they matter to you. And show you love them. But you have to go first. And what are you going to get back. Mirrored reciprocation. Right? See how we tie this all together? The world is so damn simple. It’s not complicated at all!
Astronauts Are Going Back to the Moon For The First Time in Half a Century
At the request of our resident space-obsessed team member, here is a recent Time article that chronicles the history of humanity’s journey to the moon, and the new mission now in progress—a milestone not just because of its independent significance, but also because astronaut Jeremy Hansen will become the first Canadian to circle the moon.
Artemis II will take the crew farther from Earth than any human beings have ever traveled before. The crippled Apollo 13 spacecraft flew a similar circumlunar route, reaching 158 miles beyond the far side of the moon at its most remote remove. For 56 years, that mission held the distance record, but Artemis II will smash it when the spacecraft travels a whopping 4,700 miles beyond the lunar backside
Jimmy Iovine
We pride ourselves on periodically featuring atypical entrepreneurs. There are a thousand different paths to success, and Jimmy Iovine found his in the music business. He is an incredible example of how hard work and outside-the-box thinking can catapult someone to incredible achievement.
When something wasn’t as good as it could possibly be, Jimmy consistently saw corners and invented the fix. Over a lifetime, that relentless mindset has had a remarkable effect.
All I knew is that every day I would see what was wrong. I would wake up every morning seeing what was wrong.
We are excited to welcome two new team members in our Family Office Services vertical at Gallant MacDonald. Tung Nguyan joins us as an associate focused on consolidated reporting. Ryan Robertson joins us as a cross-border tax lawyer with substantial experience in broader tax structuring.
Gallant MacDonald is a Private Investment Office serving a select group of ultra-high net worth families who have made significant contributions to business, public service, and philanthropy.
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