An independent publication for people who'd rather read the original than the take. Long-form reports, four working tools, and a 22-module curriculum.
The market is pricing this conflict like 2003. The structural setup looks much more like 1973 — and the Strait of Hormuz isn't the only chokepoint that matters. A 4,200-word walk through the four scenarios.
Read the essay →Three things — a publication, a workshop, a school. Each one finishes the other.
Long-form essays on macro, equities, and frameworks. Three new pieces a month, plus a member-only weekly. The full archive of 31 is open.
Browse the library →Four interactive tools — valuation calculator, portfolio scorecard, second-level worksheet, live IV dashboard. Use without an account; save with one.
Open the workshop →Twenty-two modules across four tiers. Tier I is free and finishes itself. The rest unlock as you go. No quizzes between you and the next lesson.
Begin a lesson →Intrinsic value calculator.
A two-stage DCF model. Adjust assumptions, toggle scenarios, export to your scorecard. Available to members.
I started this because I couldn't find what I wanted to read. The reports were either thirty pages of consultant boilerplate or two paragraphs of breathlessness. So I write one essay a week, build the tools I'd want as a reader, and keep the back door open for anyone who wants to come in and read.
Full library archive, all four tools saving scenarios, every lesson in every tier, a quiet members' chat, and one weekly essay you won't find anywhere else. Cancel anytime.
Support the work. Get everything in return.
Two tiers, no dark patterns. The free version is genuinely useful. Membership makes it sustainable — and unlocks the parts that take the most time to build.
Cancel anytime · billed via Patreon
The publication gives you frameworks. The curriculum gives you structure. But sometimes a portfolio has specific questions that only a direct conversation can answer — about your position sizing, your thesis, your blind spot.
A structured walkthrough of your current holdings. We look at concentration, correlation, and whether the thesis still holds for each position.
Bring a stock you're researching. We stress-test your assumptions — the bull case, the bear case, and the scenario you haven't modelled yet.
No fixed agenda. Ask whatever you'd ask a thoughtful investor who has time. Macro, process, a decision you're sitting on — all on the table.
Sessions are limited to keep quality high. Members are prioritised. Not investment advice — independent perspective, work shown.