Reserve Logic — The Case for Asymmetric Positioning
Why concentration beats diversification in high-conviction cycles. The structural argument for a reserve-first allocation framework.
Memo archive
publication queueIntelligence Stack — Mapping the AI Infrastructure Layer
A domain-level breakdown of the compute, semiconductor, and cybersecurity stack driving the next capital formation cycle.
Cycle Notes — What This Market Is Actually Telling Us
Founder-layer observations on sentiment, positioning, and the divergence between narrative and price action.