The author observes a growing trend where AI allows businesses to automate tasks previously performed by humans, leading to significant cost savings. While this benefits individual founders, it simultaneously causes job insecurity and reduced work for service providers and small businesses. This raises the question of who ultimately benefits in a world where everyone adeptly avoids paying each other. The author posits that the "middle of the stack"—the frontier AI labs generating the technology—are not winning, as they are unprofitable and caught in an intense competitive struggle. Instead, the author identifies two key areas for investment and focus. One is in critical materials, particularly copper, which is essential for AI infrastructure and increasingly scarce. These materials, often sourced from above-ground reserves, offer a more immediate and sustainable investment than traditional mining. The other winning area is in experiences involving physical human presence, such as live music, sports, and social events. In a world saturated with infinitely reproducible digital content, the value of unique, shared, in-person moments rises. The author’s investment thesis is a "barbell" strategy: focus on the maximally physical, both in the critical materials foundational to technology and in the irreplaceable human experiences that cannot be replicated by machines. This approach acknowledges that while AI consumes the digital middle, it simultaneously elevates the value of what only the Earth and physical presence can provide. This is where the author is directing their future work and time.