🧠 Desired Paths: A Smarter Approach to AI


​View Online | Sign Up | Advertise​

Welcome to Long-Term Mindset, the Wednesday newsletter that helps you invest better.

Today's Issue Read Time: <2 minutes

  • Lesson: What's really happening with AI
  • Timeless Content: The Most Underrated Skill in Investing​
  • Stock Dive *NEW*: Check out our new section!
  • Resource: Morgan Housel Talks A.I. & Investing
  • And more!

Sponsored by: ​Morning Brew​

​

The 5-Minute Newsletter That Makes Business Make Sense

​

Business news doesn't have to be dry. Morning Brew gives you the biggest stories in business, tech, and finance with quick wit and zero fluff. Over 4 million professionals read it every morning because it keeps them informed, entertained, and ahead of the curve.

​

No jargon. No long reads. Just smart news that fits your day.

​

Friends,

If you ever visit Michigan State University, you'll find one of the most bewildering sidewalk layouts in the country.

As a campus publication put it in 2023, "It’s as though the campus were somehow squeezed into a fishnet stocking." Administrators asked professionals if the layout could be made more efficient.

The shocking results: this was -- by far -- the most efficient layout.

And that's actually by design. In the 1960s -- when this part of the campus opened -- planners intentionally put in no sidewalks. Only after "desired paths" appeared from foot traffic did the planners pave them over.

The result: there's no wasted space!

By purposely eschewing top-down mandates for clean lines and right angles and embracing bottom-up design that relied on hundreds of tiny decisions, the campus achieves this feat.

Today's businesses (and their employees) could learn a lot from Michigan State. Many are trying to figure out how to deploy artificial intelligence (AI) throughout their workforce.

A July 2025 report from MIT -- The GenAI Divide -- highlights the conundrum executives are in. The key takeaway from the report that's getting all the attention:

"Despite $30–40 billion in enterprise investment into GenAI...95% of organizations are getting zero return."

That might make you think AI is a huge waste. But that ignores the most vital piece of information from the report: the role of "The Shadow AI Economy":

"Behind the disappointing enterprise deployment numbers lies a surprising reality: AI is already transforming work, just not through official channels.
​
Our research uncovered a thriving "shadow AI economy" where employees use personal ChatGPT accounts, Claude subscriptions, and other consumer tools to automate significant portions of their jobs, often without IT knowledge or approval."

The piece concludes by saying businesses that learn from the habits of their employees (the "Michigan State approach") rather than top-down mandates will be the ones that eventually derive the most value from AI.

While not explicitly focused on investing, we find the long-term takeaway to be telling. If you want to remain valuable in the Era of AI (and continue to make enough money to invest), you have two simple duties: be curious and experiment.

We've long believed that curiosity and experimentation are the cornerstones of creating long-term success and antifragility -- in investing, and in life. Instead of being frightened by AI, embrace it. Decades from now, you (and your families) will be glad you did!

Wishing you investing success,

Brian Feroldi, Brian Stoffel, & Brian Withers

Long-Term Mindset

​

P.S. - Read any good content about how A.I. can help with stock investing? We'd love to feature it! Just reply with the source link and your name.

One simple graphic

One piece of timeless content

Eric Flaningam is fascinated by technology and investing. His report, A Primer on US Healthcare, caught our eye for those curious about investing in this exciting industry.

One Stock Dive

​Fiscal.ai has introduced a new feature for premium users, enabling them to generate AI-powered stock research reports. We've looked at them and we think they are fantastic.

We've received permission to share one deep dive report with our audience each week for free. This week, we're highlighting United Health Care (NYSE:UNH), a recent Buffett buy. Click the button below for free access:

One resource

Morgan Housel is talking about his book again. This time, it's at Moneycontrol’s Global Wealth Summit, where he discusses investing and the impact of AI on​ the world, but most investors will still lose money.

One quote

Brian Feroldi

Brian Stoffel

Brian Withers

​

More from us:

​

πŸ‘‹ This newsletter was...

β€‹πŸ§ πŸ§ πŸ§ πŸ§ πŸ§  Awesome!​

β€‹πŸ§ πŸ§ πŸ§  It was OK​

β€‹πŸ§  Do better​

Your email preferences:

Was this email forwarded to you? Sign up here.

​Change your account details​

​Unsubscribe from all emails​

​secret link​

Long-Term Mindset

I teach investors how to analyze businesses. Each Wednesday, I share six pieces of timeless content that can be read in less than 2 minutes. Read by 100,000+ investors from a16z, Amazon, Google, Microsoft, and more.

Read more from Long-Term Mindset

View Online | Sign Up | Advertise Welcome to Long-Term Mindset, the Wednesday newsletter that helps you invest better. Today's Issue Read Time: <2 minutes Lesson: Position-Sizing Timeless Content: The Most Underrated Skill in Investing Stock Dive *NEW*: Check out our new section! Resource: Web Browser + A.I. Engine = Amazing And more! Sponsored by: Morning Brew The 5-Minute Newsletter That Makes Business Make Sense Business news doesn't have to be dry. Morning Brew gives you the biggest...

View Online | Sign Up | Advertise Welcome to Long-Term Mindset, the Wednesday newsletter that helps you invest better. Today's Issue Read Time: <2 minutes Lesson: Lessons learned from a flood Timeless Content: How to find the next mega tech stock. Stock Dive *NEW*: Check out our new section! Resource: Nvidia CEO's #1 Tip for Using A.I. And more! Together with Fiscal.ai A good chart can relay information 10x faster than text alone. That's why I've become a power user of Fiscal.ai (formerly...

View Online | Sign Up | Advertise Welcome to Long-Term Mindset, the Wednesday newsletter that helps you invest better. Today's Issue Read Time: <2 minutes Lesson: Amazon, free cash flow, and AI Timeless Content: Microcap Multibagger Traits Thread: Roth IRAs Resource: Jobs most impacted by A.I. And more! How a Former Writing Teacher Crushed Wall Street by 2X: Join Us For a Free Investing Masterclass: When: Tuesday, Aug 12th at noon EST (9:00 AM PST) In the last decade, Brian Stoffel turned...