Writing
Essays
On investing, ownership, and how to decide well when the outcome is not knowable.
Every Investment Is a Hypothesis
Five questions I ask before I commit to anything, and the control experiment that took an exciting result away from me.
Why I Read the Return Last
A projected return is an output, not a fact. The order I evaluate a deal in, and the assumption doing the quiet work underneath the number.
Was It Skill, or Was It the Decade?
Reading a track record for skill instead of timing. Survivorship, cheap debt, and the one question that separates a process from a period.
Build the Control
What disconfirming evidence looks like inside a private investment, and how to write it down before you are emotionally committed.