$700 Billion Untapped

+ Greg Jensen, David Booth, David Rosenberg, Richard Bernstein & More

Author

The Idea Farm
August 23, 2026

“Knowing what you don’t know is more useful than being brilliant.”

— Charlie Munger

Research

Goldman Sachs - The Second Space Age (22 pages)

Goldman Sachs examines how falling launch costs, private capital, and strategic rivalry are turning space into industrial infrastructure.

Michael Cembalest examines the energy transition through both its successes and constraints, arguing the data sits between optimistic and pessimistic narratives.

BCG examines how cities accelerate growth by building startup ecosystems around talent, customers, venture capital, policy, and culture. Improving mid tier ecosystems could add $700 billion in annual GDP and 12.5 million jobs by 2035.

MUFG's report collects dozens of maps that chart the forces shaping the global economy, markets, policy and geopolitics.

Stanford Initiative for Financial Decision Making examines whether sports betting is entertainment or behavioral bias, using data from 444 high volume bettors.

Bonus Content

One of the top demographers says “the current fertility ‘freefall’ is more widespread, deeper and more permanent than previously anticipated.” Link

Ilya Strebulaev and Blake Jackson released the inaugural ranking of the top 100 US-based venture capital firms. Link

The OECD Agricultural Outlook assesses ten-year prospects for agricultural commodities and aquatic food markets at global, regional and national levels. Link

Bridgewater’s Greg Jensen explains why it’s a critical time for AI (13 minutes). Link

What explains the S&P 500 Equal Weight Index’s outperformance in June and July? Link

The IEA updated their global electric vehicle outlook Link

Own the Farmland Behind Your Breakfast

If you ate any organic blueberries this summer, there is a fair chance they came from our sponsor Farmland LP’s farms, because they grow about 13% of all the organic blueberries in California.
 
As one of the largest farmland investment managers in the US focused solely on converting conventional farmland to organic and regenerative production, Farmland LP believes soil health is farming's north star. Treat the land properly and the land treats you properly, families get healthy food and investors can prosper. Seventeen years in operation, 19,200 acres across California, Oregon and Washington, and $400 million in assets.
 
To learn more about how to invest in the organic segment of the $4 trillion agriculture sector , visit farmlandlp.com/invest.

Podcasts

8/8/2026 - 64 minutes

David Rosenberg and Rich Bernstein debate Federal Reserve policy, the AI investment boom and international diversification beyond U.S. mega caps.

8/19/2026 - 134 minutes

Start at 1:22:36 when Simmons is joined by Hunterbrooks’ Sam Koppelman to take a deep dive into the financial side of the Lakers sale, Mat Ishbia’s Suns, and the world of billionaire sports ownership.

Meb’s Corner

8/21/2026 - 38 minutes

Dimensional Fund Advisors’ David Booth discusses market uncertainty, the evolution of index investing, and why disciplined long term investing matters.