Content
All our content in one place: blogs, tenets, whitepapers, infrastructure documentation, and research.
Understanding the four types of market edges and a framework for smaller firms to design winnable games against larger, established players.
A framework for wealth creation through asymmetric positioning that prioritizes survival, geometric compounding, and convex portfolio design.
Why traditional valuation models fail in a network economy, and how simple heuristics outperform complex optimization under deep uncertainty.
A deep dive into the architecture, pricing engine, and strategy framework behind a custom-built options backtesting platform — from Black-Scholes pricing and SABR-inspired volatility surfaces to multi-variable signal aggregation and Kelly Criterion position sizing.
A deep dive into the architecture and validation framework behind a custom equity backtesting platform — from hit-rate analysis and Kaplan-Meier survival curves to elastic-net macro factor modeling and walk-forward cross-validation.
The global financial system can be understood as an operating system with hardware, software, and language layers. Viewing recent episodes of volatility — from SVB to the yen carry trade — through a systems engineering lens reveals not random failures, but predictable symptoms of a system transitioning to new architecture.
Using the August 2024 yen carry trade unwind as a case study in systemic risk — how Japan's post-war economic model created the conditions for a global margin call, and what to watch for next.
