A year after reading Simon Sebag Montefiore's Stalin bio, I motorcycled the Caucuses in 2014. I visited many of the locales of Stalin's early life: Gori, where he was born; Tbilisi, where he went to clerical school, and Batumi where, as a young agitator, he blew up a refinery. I referenced Stalin frequently in my trip diary, here:
. While riding in Chechnya, we stopped to see a small village school. On the wall of the headmaster's office was a portrait of Stalin. Stalin in Russia... gone but not forgotten.
Steven Davis also joined the breakfast table where a few of us were already seated with Steven Kotkin. While Davis later gave a formal presentation at the Vertex Forum on Economic Security and Global trade, I knew Davis best for his earlier work on "working at home" (WFH) during the Covid era. Davis was the speaker at the Sun Valley, ID Hoover luncheon which I attended in 2024. There I heard his WFH presentation.
The paper for which Davis is most widely known—and the one that best fits as the foundational/key study on WFH during the COVID era—is “Why Working from Home Will Stick” (co-authored with Jose Maria Barrero and Nicholas Bloom). It draws on surveys of more than 30,000+ Americans (later expanded to over 250,000–300,000 responses in updates.
Core findings: COVID-19 caused a “mass social experiment” in WFH. Pre-pandemic, only ~5% of full workdays were from home; post-pandemic, it stabilized much higher (around 20–25% of paid workdays by 2025, or roughly 3.5x pre-2019 levels). The paper explains why it stuck (better-than-expected experiences, new investments in tech/human capital, reduced stigma, lingering health concerns, and tech innovations) and projects benefits like productivity gains, employee welfare improvements (especially for higher earners), and shifts in urban spending.
Davis's study is one of the most cited papers in the field and is frequently referenced in Hoover materials, media, and policy discussions.
I asked Davis, who was seated next to me at breakfast, if he was still working on the WFH subject. After telling me that WFH wouldn't be his topic today, he said there is new evidence emerging that US fertility rates were being positively impacted in WFH households (!). More, he said, would be forthcoming in a later to be released publication. Now that's a find I'll be interested in hearing more about!
Selected Ted Cruz takeaways.
Ted Cruz, US Senator, Texas. Vertex invitee Ted Cruz and Condi Rice held an armchair conversation at dinner on 24 April 2026. Cruz:
"Peace through strength" remains most important US mantra as regards international relations.
Our enemies are scared out of their minds of DJT.
Israel is US's strongest, most important ally.
Beware antisemites on the right.
Tucker Carlson is America's most dangerous demagogue.
Antisemitism is a gateway drug for communists.
US universities spur antisemitic chaos.
Israel and America have shared values.
Those who hate Irael hate America.
I am a proud populist from the right.
Two topics seemed to dominate the Vertex event: Iran War and AI.
One of the benefits of being a Hoover donor is that you can have time to speak directly, usually in cocktail or breakfast setting, with some of the top academics in their fields. I was able to speak face to face with John Cochrane, H.R. McMaster, Gary Roughead, Seven Kotkin, and Condi Rice. Most of those with whom I talked were for confronting Iran. But, there were different points of view on tactics and strategy. I didn't have direct interaction with Niall Ferguson, but l listened attentively to his talk. Ferguson saw value in confronting Iran but warned of the illusion of quick wins, the importance of naval/air power limits without ground commitment, and the danger of the conflict becoming a wider stalemate that benefits adversaries. He expressed that the war is far from over despite official narratives.
Michael McFaul, a Hoover Senior Fellow who was not present at Vertex, has consistently opposed President Trump's decision to launch the war against Iran (Operation Epic Fury), viewing it as unnecessary since there was no imminent threat to U.S. security and deterrence had been working.
In an after-dinner presentation Q and A I asked Condi Rice about US/Canada relations. She gave an answer I would have expected... to the effect (e.g. paraphrasing) that Canada and the US are important partners... yes some of those Ontario people are socialists, but in the west of Canada are well grounded productive people. It is too bad that US/Canada relations suffer at the moment, but we are and will remain strong allies.
I am not so sanguine about the US/Canada relationship, but then, I wasn't US Secretary of State.