So... the digital world has nearly eliminated friction (ChatGPT writes essays, Meta's AI plays your friend). The physical world drowns in it (Newark airport, infrastructure crumbles). And for those who can afford it, friction becomes an optional aesthetic choice (West Village living, curated experiences). This is an economic system where frictionlessness is this weird commodity and understanding it is really important. Warren Buffett sees it too. He warned of maintenance coming due as he stepped down this past weekend. The simulation economy can't run without physical infrastructure (as many have said) but we've optimized for short-term ease over long-term resilience. We've created three separate worlds operating on entirely different rules - and different levels of friction. link in next post, enjoy!