Analysis scales. Risk, accountability and trust don't.
Every note takes one event and reads it through one of four questions: what AI just made cheap, who bears the risk, who signs, and why the capital owner keeps granting permission. Every week or two. No tips, no targets, no forecasts.
Morningstar's Mind the Gap 2026: US funds returned 9.89% a year over ten years, the average dollar in them earned 8.74%, both after fees. The funds weren't the problem. The timing of money in and out was.
