Research

Notes from the desk.

Four ongoing series. Equity write-ups, weekly notes on markets and positioning, frameworks on the craft, and quantitative studies. Written for ourselves first.

Series 01

Equity Research

Single-name deep dives. Companies we underwrite, follow, or pass on — including the ones we got wrong.

No notes yet — first publication forthcoming.
Series 02

Weekly Research

What moved markets this week, what we're watching, what we're acting on. Short, specific, and intended to age well.

17 May 2026
The Other 493. — On Friday's selloff, the Hormuz overhang, and the case for a broader tape.
Read  →
Series 03

General Thoughts

Frameworks, mental models, and observations on the craft — sizing, conviction, drawdowns, and the things process can't fix.

No notes yet — first publication forthcoming.
Series 04

Studies

Quantitative work and historical analysis. What the data actually says, with the assumptions made plain.

No notes yet — first publication forthcoming.