Higher Rates: Who Actually Breaks?
A framework to separate “rate-sensitive” narratives from balance-sheet reality—and what I’m watching next.
Research library
Research
Posts are structured as short memos: thesis → framework → what I’m watching → bottom line.
All
Credit
Markets
Strategy
Template
Why “Defensive” Doesn’t Always Mean Safe
When stable revenue hides fragile cash flow—and how to spot it quickly.
Build vs Buy: The Hidden Cost of “Speed”
A decision memo template for make/partner/acquire—plus common traps that destroy value.
Post template (copy this for new posts)
A plug-and-play structure so you can publish weekly without getting stuck.