All Strategy Notes

When Nash Designs a Planning Bureau

Sep 20, 2026

The allocation economics of the Primechain experiment

The Man from Earth: A Witness to the Unraveling

Sep 15, 2026

Jerome Bixby, epoch change, and the strange energy hunger of artificial intelligence

The Obituary for Inclusive Capitalism

Sep 14, 2026

Institutional capital is retreating from the frontier. Local capital is following it out.

The German Hunting Terrier and the German Mirror: A Personal Reflection

Jul 13, 2026

A personal reflection on instinct, civilization, Germany, reunification, and the constraints that keep power on a leash

A Season of Echoes: Truth, History, and Unease in Fargo Season 3

Jul 07, 2026

Truth, historical memory, and the unsettling ambiguity of Fargo Season 3

MidLincoln View: Five Civilizations, Five Ways to Allocate Capital

Jul 06, 2026

How America, Europe, China, India—and SpaceX—Are Competing to Define the Future

MidLincoln View: When the Rules Changed

Jul 06, 2026

How Politics, Geography and Money Are Reshaping Global Markets

MidLincoln View: The Next Economy Is Human

Jul 06, 2026

Why Capital Is Moving from Machines to People

MidLincoln View: The Privatization of Infrastructure

Jul 06, 2026

Why Governments No Longer Monopolize Frontier Investment

The Global Wellness Economy:

Mar 03, 2026

Capital Structures, Exit Pathways, and Venture Concentration

Global Fixed Income Has Entered a Dispersion Phase

Feb 24, 2026

And That Changes Everything

The Limits of Linear Ranking:

Feb 17, 2026

What Geometry Allows—and Forbids

Ranking as Selection: From N- grams and Tokens to Equity Universes

Feb 10, 2026

In quantitative equity research, we rank stocks. In large language models, we rank tokens

Why Learning Factor Weights Is an Ill-Posed Inverse Problem

Feb 06, 2026

Ranking, equivalence classes, and why robustness beats optimization

Ranking Before Prediction

Feb 05, 2026

Notes on Selection, Order, and Why Many Models Work for the Same Reason

When Power No Longer Needs Countries

Feb 02, 2026

Sex, Gold, Culture, and the Systems That Outpace the Nation-State

Gold, Sovereignty, and the Quiet Reordering of the Monetary System

Jan 09, 2026

This is not de-dollarization in the dramatic sense. It is optionalization.

Prime Mining as Cooperative Proof-of-Work:

Dec 05, 2025

A Nashian Blockchain Based on Deterministic Prime Discovery

From Thermodynamic Markets to the Thermodynamic Economy

Nov 13, 2025

Open- and Closed-Cycle Firms, the Financial Sector as Heat Sink, and the Origins of Capital Markets

Midlincoln View: Buy the Dip 40/40/20 Portfolio Strategy

Oct 21, 2025

Dynamic allocation with a systematic cash deployment rule