Note on Ender's Game-Era Capitalism and Portfolio Management

Thorne Wolfenbarger

05 Feb 2026

Suppose we have reached endgame capitalism. Suppose we have colonized the worlds as in Ender's Game. How should we manage our stock portfolio?

Investing in many uncorrelated assets de-risks your position. In 2026, there are not enough sufficiently uncorrelated assets for complete de-risking. In Ender's Game, there are. There are so many in fact that, when every investor distributes his wealth along N investments, all investors continue to be ~uncorrelated. Capital will now run away risk-free.

When does this happen?

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I keep a Google Doc titled "Notes". I look at it every day. I feel guilty whenever I look at it. I feel guilty because "Notes" has my TODO list. Notes has a log of how slowly I DO my TODOs, if I DO them at

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How Government, Society, and Freedom Relate

First View on sprites.dev from fly.io

Alembic Migrations with SQLModel Common Issue Resolutions

136 Days of Unemployment