Notes

Field notes & explainers

Short, sourced explainers written to be understood — no signals, no urgency, no "act now". Each note is dated and edited.

StartupsAug 14, 2026

Startup funding, stage by stage

From a founder's savings to an institutional round — the stages a young company passes through, and what changes at each one.

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AnalysisAug 9, 2026

Reading a market without the noise

A calm, repeatable way to make sense of prices and reports — and to notice when a story is louder than its evidence.

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BasicsAug 2, 2026

Investing basics, defined properly

The core vocabulary of investing — assets, risk, return and time — explained plainly, without a single call to action.

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AI & dataJul 28, 2026

AI in research: the useful bits

A grounded look at what machine learning does well in financial research, and the failure modes worth knowing before you trust it.

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