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Now, your average language model – the ones currently busy composing poetry or explaining the offside rule – won’t suddenly cease to function because of a few extra dollars on the barrel of crude. It will, blissfully unaware of macroeconomic forces, continue to generate text, presumably. But the companies behind those digital brains? They’re about to encounter a rather inconvenient truth. (It’s not that the machines are becoming sentient and demanding higher energy rations, though that’s a scenario we’re definitely modeling. Just in case.)

The projected revenue for this industry, McKinsey suggests, could swell to $1.6 trillion by 2030, rising from a substantial $775 billion in 2024. This is not simply a number; it is a harbinger, a promise of a world ever more intricately woven with the threads of digital existence. The demand, naturally, is driven by the burgeoning field of artificial intelligence – a phantom limb of human intellect, growing stronger with each passing iteration.

Logos Global Management is a healthcare-focused hedge fund with a reputation for concentrated, research-intensive investment strategies. Their decision to materially increase their Immunovant stake is noteworthy, given the inherent risks associated with clinical-stage biotechnology companies. While institutional activity does not automatically constitute a buy signal, it serves as a prompt for further investigation.

In ’24 alone, Berkshire shed about $134 billion in equities. Just dumped it. Apple, Bank of America, even Amazon took a haircut – a 77% trim on the latter in the fourth quarter. That’s not pruning, that’s a shearing. Meanwhile, the cash hoard grew. From $128.6 billion in ’22, it ballooned to that obscene $373.3 billion. It wasn’t just caution; it was a fortress being built, brick by slow, deliberate brick.

It is not merely a manufacturer of automobiles, but a constructor of dreams—and, more importantly, a curator of scarcity. The conventional wisdom dictates volume, a relentless pursuit of economies of scale. Ferrari operates under a different theorem. It understands that desire, like a well-tended flame, requires oxygen—and that oxygen is limitation. A forgotten text, De Rerum Scarcitate attributed to the Alexandrian scholar Philo Mechanicus, posited that true value resides not in abundance, but in the exquisite tension between longing and attainment. Ferrari, it seems, has internalized this ancient principle.