Welcome to the 621 newly Not Boring people who have joined us since our last essay! Join 264,075 smart, curious folks by subscribing here: Hi friends 👋, Happy Thursday! A few weeks ago in Not Boring Capital’s quarterly LP update, I wrote a small essay on scarce assets in a period of abundance. Then Thrive bought the Giants and HOF bought Bugatti and Marc Andreessen pointed out that when one thing becomes abundant, another becomes scarce, and I figured it was a good time to dive a little deeper on what is going to be a supercycle in scarce assets of all shapes and sizes (and a bear market for the easily replicable). It is also, unofficially, the latest installment in my ongoing plea that you just be different and more you. Let’s get to it.Hiring globally doesn’t have to be complicatedHiring globally can unlock growth, but local laws, payroll, and compliance often slow startups down. Deel’s free guide breaks down what an Employer of Record (EOR) is, how startups use EORs to hire internationally without opening entities, and when it makes sense to use one so you can scale with confidence.Download NowThe playwright S.N. Behrman, in a short study of the Gilded Age English art dealer Joseph Duveen titled “Duveen,” quipped that “Duveen … noticed that Europe had plenty of art and America had plenty of money.”A New Yorker Sketch of Duveen from 1928, Illustration by Peter ArnoDuveen made his fortune and his legend balancing that imbalance. “Joseph Duveen sold hundreds of Old Masters, for soaring prices, to American multimillionaires between the early years of the twentieth century and 1939, when he died, at the age of sixty-nine,” wrote Peter Schjeldahl in The New Yorker. He sold a Rembrandt to Carnegie partner Henry Clay Frick in 1906 for $225,000, which was absurd at the time, and the absurdity only grew. The hundreds of millions, in today’s dollars, of Frick’s money that Duveen spent on the Old Masters formed the basis for The Frick Collection.Not to be outdone, and the w