Capitalogix

The Future of Biohacking

Today’s my birthday. I woke up on the right side of the dirt, in America, grateful for the opportunities ahead. 

So far, so good.

For me, birthdays also invite a moment to pause and reflect on where I am, where I want to go, and what it’ll take to get there.

On the health front, I’m reminded of a simple truth: A healthy person has a thousand dreams, while an unhealthy one has only one.

Thankfully, I still have many dreams.

We’re lucky to be born late enough in human history that medicine isn’t just about fixing what’s broken—it’s about regeneration and life extension. The real promise isn’t just living longer, but living well longer.

That’s a future worth investing in.

So today, I’m dusting off some notes from a meeting I had years ago—lessons that feel more relevant than ever.

A Chat With The Father of Biohacking  

In 2018, I was in Alaska at Steamboat Bay for a CEO retreat. I was spending time with a friend, Dave Asprey, a successful serial entrepreneur, author of several great books, and a thought leader in biohacking. In many ways, he’s the father of modern biohacking. 

We recorded a video where Dave did a great job of relating his world to the world of Capitalogix and trading. I share it in part so you can experience his wide range of interests and expertise. It holds up well. I encourage you to watch it.

 

Via YouTube.

In the video, Dave explains that life evolves through a series of algorithms operating at microscopic levels. Your body and brain are made of tiny parts working like clever little computers. These parts constantly talk to each other, sense what’s happening around them, and change their behavior to keep you alive and thriving.

Nature has been running this amazing program for billions of years, constantly improving through trial and error (that’s evolution).

Dave points out that there are striking similarities between genetics/epigenetics and modern digital algorithms. Markets and businesses make numerous small decisions and adjustments to achieve significant outcomes.

In a sense, Markets and industries function like biological environments where algorithms continuously evolve and adapt.

So really, life and business aren’t magic—they’re just lots of tiny choices happening at once. If you learn how to listen to these choices and guide them wisely, you become better at playing the game. And that’s how evolution, biology, and even markets all tie together.

 

The lesson? Build systems and habits that are flexible and adaptable, like living things.

It helped me reframe my perspective on my business. But it also got me thinking more about my health and how I wanted the next 20 years of my life to look. As a result, I started taking care of my health and paying more attention to preventive care. 

Health is the foundation that gives all ambitions a place to stand.

Focusing on the positive is important, but extending your healthy lifespan starts by being honest with yourself and identifying what you and your body struggle with the most.

A doctor friend gave me some advice. He said it doesn’t matter if you’re on top of 9 out of 10 things; it’s the 10th that kills you.

The goal isn’t just to stay alive longer; it’s to live life to its fullest for as long as possible.

I recently joined a fantastic mastermind group called DaVinci 50, run by Lisa and Richard Rossi. It brings together a remarkable collection of medical professionals and entrepreneurs focused on the latest research, treatments, and opportunities in health and longevity.

Another great tool I rely on is Advanced Body Scan. Early detection is crucial, but so is tracking the history of your scans to monitor changes over time. In my opinion, the most valuable scan is always the next one.

Additionally, I utilize a growing list of trackers and biometric devices to monitor my heart rate, along with various apps and tools for mindfulness, breathwork, and journaling. It is essential to recognize that the mind, body, and spirit work together to shape how you live your life.

Where Biohacking Fits In 

It’s not surprising that biohacking has become as popular as it has. In a society that encourages (and perhaps even necessitates) an impossible balance between work, responsibilities, and self-care, it makes sense to want to increase efficiency and effectiveness. 

Biohacking helps you do more with less. Biohacking is popular because it promises to help you achieve peak performance via the path of least resistance.

Having trouble with sleep, but don’t want to stop using your phone before bed? Wear blue-light blocking glasses. 

Not getting enough results at the gym? Work out “smarter,” not harder, by using cryotechnology and intelligent lifting machines. 

While biohacking started as tricks like that – nootropics to help your mind, light and sound machines to decrease stress – it’s becoming increasingly tech-centric and augmentation-based. 

In Sweden, thousands of Swedes are having microchips inserted under their skin to speed up their daily routines. They use chips to open locked doors, store contact information, and access the train. 

The Future of Biohacking

Long-term, it’s likely you’ll see it moving toward exoskeletons, AR/XR experiences, and, unsurprisingly, sex toys. It’s also being used to create artificial organs and counteract memory loss. Companies leading this movement are Neuralink,  Biohax International, and Digiwell. While it’s currently being adopted primarily by fast movers and technocrats, it’s pragmatic to think that more widely adopted versions of this will emerge as technology becomes standardized and protections are put in place. 

For all the excitement, it’s necessary to remain skeptical and patient. DIY biohacking raises several ethical concerns, particularly regarding data protection and cybersecurity. As a reminder, when it comes to cybersecurity, you, the user, are the biggest weakness.

There’s no stopping this train, but there’s still time to ensure it stays on track.

If you’re looking to get started, here’s an hour-long conversation with Dave Asprey about his favorite optimizations. 

Here’s to having a thousand dreams, leveraging the best of today’s medical advances, and investing not just in years added, but quality within those years.

Onwards!

Digesting a Bigger Future

We live in a world where technology changes quickly and often, while human nature remains relatively unchanged.

For most of us, human nature is the key variable.

I suspect Henry Ford focused on that when he said, "Whether you think you can or you think you can't. You're right."

Processing the possibilities of tomorrow is often difficult for humans. Part of the problem is that we're wired to think locally and linearly. It's a monumental task for us to comprehend exponential growth, let alone its implications. For example, consider what happened to seemingly smart and forward-looking companies like Kodak, Blockbuster, and RadioShack. 

 

The world changes quickly.

Change is constant. The wheels of innovation and commerce spin ever-faster (whether you're ready for it or not). 

As a practical matter, it means that you get to choose between the shorter-term pain of trying to keep up ... or the longer-term pain of being left behind. Said another way, you have to choose between chaos and nothing. 

It's hard to keep up – and even harder to stay ahead.

Personally, I went from being one of the youngest and most tech-savvy people in the room to a not-so-young person close to losing their early-adopter beanie. Sometimes it almost seems like my kids expect me to ask them to set my VCR so it stops flashing 12:00 AM all day.

My company may not be doing "rocket science", but it's pretty close. We utilize exponential technologies, such as high-performance computing, AI, and machine learning, to amplify intelligence and make data-driven, evidence-based decisions in real-time, all the time. 

But, as we get "techier," I get less so ... and my role gets less technical, over time, too.

Due to my age, experience, and tendency to be a pioneer, I've been battling technology for decades. 

Don't get me wrong, technology has always been my friend, and I still love it. But my relationship with it is different now.

I recognize that there are things that change and things that stay the same. And for me, the things that "stay the same" tend to be more important.

Paradoxically, the part of me that stays the same can still change and grow – that is how you become more (and a more evolved version) of that thing.

 

The Bigger Picture

My father said that not worrying about all the little details helped him see the bigger picture and focus on what was possible.

You don't have to focus on the technological details to predict its progress. Anticipating what people will need is a great predictor of what will get built.   That means predicting "what" is often easier than predicting 'how'.

Why is that often the case? Because technology that solves a problem is more profitable and popular than technology searching for a problem to solve.

Here's a video from 1974 of Arthur C. Clarke making some remarkably accurate predictions about the future of technology. 

 

via Australian Broadcasting Corporation

Artificial Intelligence, quantum computing, augmented reality, neuro-interfaces, and a host of exponential technologies are going to change the face and nature of our lives (and perhaps life itself). Some of these technologies have become inevitabilities ... but what they enable is virtually limitless.

Where do you see this going?

Onwards.

Here Are Some Links For Your Weekly Reading - July 20th, 2025

Here are some of the posts that caught my eye recently. Hope you find something interesting.

Lighter Links:

• A Staggering Proportion of Teens Say Talking to AI is Better Than Real-Life Friends. (Futurism)
• Musk Announces 'Baby Grok' AI Chatbot for Kids. (Perplexity)
• Trump Administration Set to Announce Executive Order Targeting "Woke AI" Chatbots, Report Says. (Mashable)
• Vibe Check: OpenAI Enters the Browser Wars With ChatGPT Agent. (Every)
• Exhausted Man Defeats AI Model in Marathon World Coding Championship. (ArsTechnica)

 

Trading Links:

• Warren Buffett's Quiet Moves Send Shockwaves Through Wall Street: 'Canary in the Coal Mine'. (DailyMail)
• Crypto Market Hits $4 Trillion as Congress Passes GENIUS Act. (Perplexity)
• The Ghost of 2008 Returns as S&P 500 Tracks an Ominous 2025 Parallel. (FinBold)
• Ranked: The Biggest AI Funding Rounds of 2025 So Far. (VisualCapitalist)
• Silicon Valley's AI Talent Wars Have Turned Missionaries Into Mercenaries with Exploding Offers, Secret Deals and Tears. (Wall Street Journal)

How Has The Job Market Changed Since 1988?

1998 was a long time ago. My oldest son was just a twinkle in my eye. Michael Jackson was touring the world for his ‘Bad’ album, and ‘Rain Man’ topped the movie charts. It’s also the year that Microsoft Office was released. 

A lot has changed since then. For obvious reasons, the U.S. labor market has changed radically since then ... but how different is it really?

 

via visualcapitalist 

The data comes from the Bureau of Labor Statistics, so we can assume it’s relatively accurate. 

In 1988, consumer-facing roles, such as salespeople and cashiers, were the most common jobs in 46 states. Comparing that to 2024 highlights how much less reliance we have on brick-and-mortar stores. 

While not entirely different, now fast food workers are the most common job in 15 states. This is unsurprising in light of the shift toward lower-wage & flexible-hour service jobs. Meanwhile, retail salespersons are still the top job in 11 states. 

Operations managers, home health aides, and freight movers have made significant gains in the U.S. labor market. 

I was surprised to see how many home health aides there were, but considering the aging U.S. population, it makes sense. 

The U.S. is still clearly a consumer economy; however, the focus has switched towards logistics and supply chain, as people shop increasingly online. 

I’ve been thinking a lot about the future of work. People talk about change, but so far, things have felt relatively stable. That’s about to shift. AI is advancing faster than most realize—we’re still early on the curve, but the steep climb is beginning.

We’re entering a phase where AI is no longer just a tool—it’s becoming a collaborator in both our personal and professional lives. This shift will reshape how we work, create, and make decisions. For business leaders, that means looking past the hype and focusing on real value, workforce readiness, and building trust. For employees, it means adapting to a new kind of teamwork—one that includes AI as a core partner in creativity and productivity.

How will those changes show up in a chart like this?

 

We live in interesting times!

Do You Think You're Smart?

I know a lot of smart people.

I also know a lot of people who think they're smarter than they are (even the smart ones ... or, perhaps, especially the smart ones). 

It's common.  So common, in fact, that there's a name for it.  The Dunning-Kruger Effect.

Have you ever met someone who's so confident about what they think that they believe they know more than an expert in a field? That's the Dunning-Kruger effect. It's defined as a cognitive bias where a lack of self-awareness prevents someone from accurately assessing their own skills. It's getting increasingly more common.

Here's a graph that shows the general path a person takes on their journey towards mastery of a subject. 

via NC Soy

It can be funny or frustrating to see (or be) the "victims" of this effect in our daily lives.

Humans seem prone to overestimating their knowledge and abilities. It's probably more a result of ignorance than stupidity. 

Even if you are familiar with the cognitive bias caused by the Dunning-Kruger Effect, you are not immune to it — because you don't know what you don't know.

Two different ways that people get it wrong, first is to think about other people and it’s not about me. The second is thinking that incompetent people are the most confident people in the room, that’s not necessarily true.

Usually, that shows up in our data, but they are usually less confident than the really competent people but not that much... - David Dunning

It should be a reminder to reflect inward, not cast aspersions outward. 

To close out, even this article on the Dunning-Kruger effect presents a simplification of its findings. First off, the above image isn't actually a part of the paper on the Dunning-Kruger Effect (though it is ironically so prevalent that people often report that it is). Furthermore, the connection between a lack of ability and the inability to engage in meta-cognitive tasks is intuitive, but it is not the only potential takeaway from the paper. It's worth a read if you have the time. 

Regardless, I think it's clear we are all victims of an amalgam of different cognitive biases. 

We judge ourselves situationally, and assume "the best" of ourselves.  Meanwhile, we often assume "the worst" of others. 

We can do better ... it starts with awareness.

Progress starts by telling the truth.

Here Are Some Links For Your Weekly Reading - July 13th, 2025

Here are some of the posts that caught my eye recently. Hope you find something interesting.

Lighter Links:

• Steve Jobs’s Genius Came Down to 1 Key Ingredient, Says Marc Andreessen. (Inc)
• The Hidden Rules of Business — According to Nature. (BigThink)
• From Thinking Partner to Sparring Partner: A Better Way to Use AI. (MikeKentz)
• xAl Grok 4 : Elon Musk’s Latest AI Model Demonstrated. (Geeky-Gadgets)
• Study Finds Psilocybin Extends Cellular Lifespan and Promotes Healthy Aging. (Perplexity)

 

Trading Links:

• Sign of the Times – Meta Offered $200M to Lure Apple's AI Lead. (Perplexity)
• Goldman to Require Junior Bankers to Pledge Loyalty Quarterly. (Perplexity)
• America's Allies Are Building a New Global Trade Map Without Us. (NYT)
• The Wealth Ladder – Why Money Grows Faster After a Certain Point. (LZanev)
• What Can the Labubu Toy Craze Tell Investors About Markets? a Lot, Actually. (MarketWatch)

When Worlds Collide: Timeless Wisdom & Evolutionary Technology in Trading with Matthew Piepenburg

Back in 2020, I had a Zoom meeting with Matthew Piepenburg of Signals Matter. Of course, being the height of the Pandemic, it was over Zoom. Even though it was a private discussion, there was so much value in our discussion that we decided to share parts of it here. 

While Matt's understanding of markets is based on Macro/Value investing, we use advanced AI and quantitative methods for our approach. 

As you might expect, there are a lot of differences in how we view the world, decision-making, and the current market environment. Nonetheless, we share a lot of common beliefs as well.   

Our talk explores several interesting areas and concepts. I encourage you to watch it below. 

 

Via YouTube.

To summarize a couple of the key points, markets are not the economy, and normal market dynamics have been out the window for a long time. In addition, part of why you're seeing increased volatility and noise is that there are so many interventions and artificial inputs to our market system.

While Matt and I may approach the world with very different lenses, we both believe in "timeless wisdom". 

Ask yourself, What was true yesterday, today, and will stay true tomorrow? 

That is part of the reason we focus on emerging technologies and constant innovation ... they remain relevant. 

Something we can both agree on is that if you don't know what your edge is ... you don't have one. 

 

Hope you enjoyed the video.

Let me know what other topics you'd like to hear more about. 

Onwards!

Via YouTube.

To summarize a couple of the key points, markets are not the economy, and normal market dynamics have been out the window for a long time. In addition, part of why you're seeing increased volatility and noise is that there are so many interventions and artificial inputs to our market system.

While Matt and I may approach the world with very different lenses, we both believe in "timeless wisdom". 

Ask yourself, What was true yesterday, today, and will stay true tomorrow? 

That is part of the reason we focus on emerging technologies and constant innovation ... they remain relevant. 

Something we can both agree on is that if you don't know what your edge is ... you don't have one. 

 

Hope you enjoyed the video.

Let me know what other topics you'd like to hear more about. 

Onwards!

The Benner Cycle: How Not To Predict Markets

When I first became interested in trading, I would often consult many traditional sources and old-school market wisdom.  I particularly liked the Stock Trader's Almanac. 

While there is real wisdom in some of those sources, most might as well be horoscopes or Nostradamus-level predictions.  Throw enough darts, and one of them might hit the bullseye. 

Still, it seems better than using astrology to trade. 

Want something easy to predict?  Traders love patterns ... from the simple head-and-shoulders to Fibonacci sequences and the Elliot Wave Theory.

Here's an example from Samuel Benner, an Ohio farmer, in 1875.  That year, he released a book titled "Benners Prophecies: Future Ups and Downs in Prices," and in it, he shared a now relatively famous chart called the Benner Cycle.  Some claim that it's been accurately predicting the ups and downs of the market for over 100 years.  Let's check it out. 

 

 

Here's what it does get right ... markets go up, and then they go down ... and that cycle continues.  Consequently, if you want to make money, you should buy low and sell high ... It's hard to call that a competitive advantage.

Mostly, you're looking at vague predictions with +/- 2-year error bars on a 10-year cycle. 

However, it was close to the dot-com bust and the 2008 crash, so even if you sold a little early, you'd have been reasonably happy with your decision to follow the cycle.

The truth is that we use cycle analysis in our live trading models.  However, it is a lot more rigorous and scientific than the Benner Cycle.  The trick is figuring out what to focus on—and what to ignore. 

Just as humans are good at seeing patterns where there are none ... they tend to see cycles that aren't anything but coincidences. 

This is a reminder that just because an AI chat service recommends something, it doesn't make it a good recommendation.  Those models do some things well.  Making scientific or mathematically rigorous market predictions probably isn't the area to trust ChatGPT or one of its rivals ... yet. 

We're seeing bots improve at running businesses and writing code, but off-the-shelf tools like ChatGPT are still known for generating hallucinations and overconfidence. 

Be careful out there.

Here Are Some Links For Your Weekly Reading - July 6th, 2025

Here are some of the posts that caught my eye recently. Hope you find something interesting.

Lighter Links:

• AI and Drones are Taking Over July 4th Fireworks. (Quartz)
• The Next Kodak Moment is Coming. (ThierryVonArvy)
• Jonny Ive is Going to Deliver Another IPod Moment – And OpenAI Knows It. (CreativeBloq)
• Scientists Say They Can Predict How Long You'll Live From a Single MRI. (BestLife)
• 10 in 10: The Tech that Will Rewrite Humanity. The Post-Human Decade Starts Now. (BoxOfAmazing)

 

Trading Links:

• The First Big Winners in the Race to Create AI Superintelligence: The Humans Getting Multi-Million Dollar Pay Packages. (Finance)
• Why Markets Peak When Everyone’s Optimistic. (PretzelLogic)
• A New Crypto Frontier is Emerging on Wall Street, Beyond Bitcoin and Ether. But Here Are the Risks. (MarketWatch)
• How Zoom Took Over the World. (Crunchbase)
• The CEO of One of the Largest Office Maintenance Firms in America Says Employers Are Changing Their Workspaces in 4 Key Ways. (Fortune)

 

Here are some of the posts that caught my eye recently. Hope you find something interesting.

Lighter Links:

• AI and Drones are Taking Over July 4th Fireworks. (Quartz)
• The Next Kodak Moment is Coming. (ThierryVonArvy)
• Jonny Ive is Going to Deliver Another IPod Moment – And OpenAI Knows It. (CreativeBloq)
• Scientists Say They Can Predict How Long You'll Live From a Single MRI. (BestLife)
• 10 in 10: The Tech that Will Rewrite Humanity. The Post-Human Decade Starts Now. (BoxOfAmazing)

 

Trading Links:

• The First Big Winners in the Race to Create AI Superintelligence: The Humans Getting Multi-Million Dollar Pay Packages. (Finance)
• Why Markets Peak When Everyone’s Optimistic. (PretzelLogic)
• A New Crypto Frontier is Emerging on Wall Street, Beyond Bitcoin and Ether. But Here Are the Risks. (MarketWatch)
• How Zoom Took Over the World. (Crunchbase)
• The CEO of One of the Largest Office Maintenance Firms in America Says Employers Are Changing Their Workspaces in 4 Key Ways. (Fortune)

Market Growth in the First Half of 2025.

According to S&P Global, the U.S. market cap rose by 4.7% in the past 6th months. This represents a modest gain compared to the average market capitalization growth of 12.2% during the same period.

Leaders in growth were South Korea, Spain, Germany, Italy, and Brazil.

 

via VisualCapitalist

We have previously discussed this, but in addition to investments in technology and artificial intelligence, global capital is also being directed toward emerging markets, where many businesses are being established.

At first glance, some may see U.S. underperformance, but it can also be read as a sign of relative maturity and stability. Another potential perspective is that U.S. companies have already experienced explosive growth in recent years, particularly in sectors such as tech and AI, suggesting the market may currently be in a phase of consolidation.

While it's always great to see explosive growth, people undervalue resilience and steady growth, especially in light of the volatile first quarter of the year. 

Time will tell!