Golden Visas, and AI Therapy

Hello, Alums of Our School Past and Present.

"The absence of stupidity is worth more than the presence of genius. It’s a reminder that sustainable success isn’t always about brilliance—it’s about avoiding unforced errors, staying humble, and building systems that prevent us from outsmarting ourselves." - Warren Buffett

How People Are Really Using AI in 2025: Many posters talked about how therapy with an AI model was helping them process grief or trauma. Three advantages to AI-based therapy came across clearly: It’s available 24/7, it’s relatively inexpensive (even free to use in some cases), and it comes without the prospect of judgment from another human being. The AI-as-therapy phenomenon has also been noticed in China. And although the debate about the full potential of computerized therapy is ongoing, recent research offers a reassuring perspective—that AI-delivered therapeutic interventions have reached a level of sophistication such that they’re indistinguishable from human-written therapeutic responses.

https://hbr.org/2025/04/how-people-are-really-using-gen-ai-in-2025

How Experts and Elites Play Different Games: Experts are people who know things. They’re judged by other experts—people who speak the same language, use the same methods, and know the same details. You can spot experts by their credentials, their technical precision, or just the way they argue. They care about being right. They’re evaluated on whether their work holds up—whether it can be tested, measured, replicated, or defended under scrutiny. They debate each other, go deep into the weeds, and let the details decide who’s correct... Elites are different. They’re not judged on technical knowledge but on being impressive across a broader range: wealth, looks, taste, social fluency, connections, charisma, and cultural feel. Elite institutions tend to screen for such qualities, which is why educational pedigree is also often important. This is why you can major in anything at Harvard and still get an elite job. No need for narrow expertise in, say, engineering or mathematics.

Experts and Elites Play Fundamentally Different Games

The Economics of Golden Visas: Golden visa programs, also known as immigrant investor programs, first gained traction in the 1980s when tax havens like St. Kitts and Nevis introduced them to attract wealthy individuals. Around the same time, Canada began offering visas to those who invested $150k in an investment fund... But it wasn’t until the aftermath of the 2008 financial crisis that golden visas became a widespread tool for economic recovery, particularly in European countries like Cyprus, Italy, Ireland, and Spain that used them to rebuild.

https://thehustle.co/originals/the-economics-of-golden-visas