ESSAYS

All Essays

Ideas on investing, decision-making, business and uncertainty — for readers who want to think more independently.

The Statue in the Marble
INVESTING

The Statue in the Marble

Understanding risk correctly is the foundation of good investing.

JUN 14, 2026
The Upside Is Theirs. The Downside Is Yours. The Opinion Is Free.
DECISION-MAKING

The Upside Is Theirs. The Downside Is Yours. The Opinion Is Free.

One is unavoidable. The other is a compounding advantage.

JUN 24, 2026
The Asset Beneath The Asset
MENTAL MODELS

The Asset Beneath The Asset

Read the full essay on Substack.

AUG 9, 2026
Trust Capital: Why the Best Suppliers Stop Competing
BUSINESS AND STRATEGY

Trust Capital: Why the Best Suppliers Stop Competing

Read the full essay on Substack.

JUN 20, 2026
Wealth Is What You Don't See
MENTAL MODELS

Wealth Is What You Don't See

The freedom to ask. The equanimity to answer.

AUG 29, 2026
Success That Cannot Be Reused
MENTAL MODELS

Success That Cannot Be Reused

Read the full essay on Substack.

JUN 22, 2026