A weekly podcast

Show Your Priors.

Update your beliefs. Sharpen your edge.

A weekly conversation about strategy, AI, and how to reason better in business.

New every week

Episodes.

All episodes

  1. CH. 1

    The Oldest Strategy Question: From Eden to AI

    Every civilization has had to answer the same questions: what causes the outcomes we can’t fully explain, and what do we do about it?

    49m
  2. INTRO

    Why AI Changes Strategy

    Why data without a causal model is just noise, how managing exclusively to a P&L destroys long-term value, and why executives must learn to think like AI — probabilistically and without ego.

    38m
  3. EP. 16

    OpenAI's $21B Loss, the Anthropic Crackdown, and a Live AI Startup Teardown

    OpenAI's $21B Loss, the Anthropic Crackdown, and a Live AI Startup Teardown

    2h 8m
  4. EP. 15

    SpaceX's Record IPO, Anthropic's Banned AI, and Apple's Next Gen AI Siri

    SpaceX's Record IPO, Anthropic's Banned AI, and Apple's Next Gen AI Siri

    1h 22m
  5. EP. 14

    Anne T. Griffin: Sycophant CEOs, the SaaSpocalypse & AI Slop

    Anne T. Griffin: Sycophant CEOs, the SaaSpocalypse & AI Slop

    1h 57m
  6. EP. 13

    Rita McGrath: Why AI Is Breaking Corporate Strategy

    Rita McGrath: Why AI Is Breaking Corporate Strategy

    2h 8m
  7. EP. 12

    Google Declared Search Is Over. We Read the SpaceX S-1 So You Don't Have To

    Google Declared Search Is Over. We Read the SpaceX S-1 So You Don't Have To

    1h 24m
  8. EP. 11

    Cerebras IPO, Brain Implants, and What Hannibal Teaches About Strategy

    Cerebras IPO, Brain Implants, and What Hannibal Teaches About Strategy

    1h 31m
  9. EP. 10

    White House Pumps the Brakes on AI, Anthropic Tops OpenAI, Dan Toma

    White House Pumps the Brakes on AI, Anthropic Tops OpenAI, Dan Toma

    2h 9m
  10. EP. 09

    Musk Sues OpenAI for $134B, Berkshire Without Buffett, Spirit Airlines Folds

    Musk, Buffett's successor, and a low-cost airline death.

    1h 34m
  11. EP. 08

    Did Elon Just Buy Cursor for $60B? AI Strategy with Scott Newton

    SpaceX/Cursor deal plus a guest interview on corporate AI strategy.

    1h 35m
  12. EP. 07

    Stanford 2026 AI Index, SPACs Are Back, Stalin's Corporate Strategy Lessons

    AI data, Chamath's return, and why stretch targets fail.

    1h 21m
  13. EP. 06

    Mythos: The AI Too Dangerous to Release

    Anthropic's unreleased model and the vertical AI question.

    56m
  14. EP. 05

    OpenAI Buys a Podcast, Will AI Replace Coders, Can We Learn from Xerxes?

    Media ownership, developer displacement, asymmetric strategy.

    1h 16m
  15. EP. 04

    Your AI Is Lying to You (And You Love It)

    AI sycophancy, RLHF, and the Dorian Gray Effect.

    1h 10m
  16. EP. 03

    Why Five Guys Shouldn't Exist (But Conquered the World)

    Niche strategy, disruption theory, and Alexander the Great.

    1h 21m
  17. EP. 02

    How an MBA Teaches Business Strategy

    Strategy vs. tactics, positioning, innovation theatre.

    1h 15m
  18. EP. 01

    AI Is Coming for Our Jobs

    The inaugural episode.

    44m

The hosts

Two priors. One conversation.

Michael Nichols

Michael Nichols is the founder of Phaneros and the author of Fatal Abstraction (Emerald, August 2026), a study of how leaders mistake elegant frameworks for accurate ones. Previously VP of Strategy & M&A at Mann+Hummel, he has evaluated more than 400 ventures across 20 countries.

On the show he handles strategy, market structure, and the occasional historical detour through Alexander, Stalin, and Xerxes.

Off-mic he reads — with varying competence — in Russian, German, Spanish, French, Latin, Greek, and Hebrew, sings, writes songs, and plays guitar, piano, and cello. The history detours on the show are not a bit.

Jason Thompson

Jason Thompson brings a decade in customer success and sales across telecommunications, paired with a film and video production background that's now finding its second life behind the mic. Beyond co-hosting, he produces and edits the show and runs its social channels.

Outside the studio he travels with his partner Amy and shares a home with two cats, Yuki and Loki — hellions who occasionally make uninvited guest appearances on the podcast. A voracious consumer of content, and a former Hall of Fame raider in World of Warcraft.

From the host

A book by Michael Nichols.

Fatal Abstraction by Michael Nichols — book cover

Out now

Fatal Abstraction: Revolutionizing Strategy and Innovation

Published August 25, 2026 · Emerald Publishing

  • #1 Amazon New Release · Industrial Management & Leadership · August & September 2026

Fatal Abstraction argues that management is the outlier discipline — almost every serious field has embraced probabilistic reasoning, hypothesis testing, and systematic updating. Management has not. The arrival of AI makes this existential: stochastic machines introduced into deterministically governed organizations are a mismatch by design. Published by Emerald Publishing with a foreword by Dan Toma and preface by Mark Searle.

Available at

Reader reviews

15 five-star ratings on Amazon

★★★★★

A roadmap for the beginner, a checklist for the expert

“Worth reading if you make resource-allocation decisions and suspect your process is better at producing confidence than accuracy.”

JS · Amazon review
★★★★★

Interesting read on strategy in an AI world

“A rigorous, occasionally uncomfortable case for treating strategy as the genuinely uncertain discipline it actually is.”

Verified purchase · Amazon review
★★★★★

A practical book on thinking better about business, data, and AI

“It made me stop and rethink how easily we can accept numbers, models, and advice without questioning what sits underneath them.”

Priscile · Amazon review
Read all reviews on Amazon →

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