Long-time subscribers know that starting in 2005, I started writing about the strange laxness of mortgage underwriting. Then came the 2008 subprime crash.
This followed my 1998 sale of my company, E-Media, moving back east, and completely distancing myself from everything tech-related, declaring that the industry had lost its mind. Then came the dot-com crash.
We haven’t had a major crash since then.
I’m out of the predictions business…
However, I am paying attention to how Larry Ellison appears to be hellbent on gutting one of the most prodigious revenue-generation machines of all time, Oracle, in the pursuit of AI nirvana.
I don’t think this is going to end well.
Here’s some evidence that Ellison, like Zuckerberg and others, has been suffering from billionaire brain rot long before the AI Delusion came along.
Amusing and instructive evidence. Spoiler alert: Don’t be Larry Ellison.
Original video: https://youtu.be/79zrPaptR1c
– Ken
P.S. For over 25 years, I’ve been sharing the simple but powerful things that matter in business – and life – with my clients.
If you’d like direction for your business that will work today, tomorrow, and twenty years from now, make sure you have your own copy of The System Club Letters book.
Posted: August 28, 2026
