Framework

US deficits: much more than manufacturing

Analyzing the exposure of the US to its own trade deficits, going well beyong manufacturing and jobs, into credit, demand and productivity.

Aug 3

Where do stock returns come from? A napkin framework.

Distilling down a DCF to its simplest components

Jun 29

Trade and Capital at the Crossroads of War

Global imbalances and the forces that may soon reshape them

Apr 6

A Basic Framework for Growth Stocks and Industries.

Tools for dealing with high multiples, uncertainty, and qualitative data.

Dec 7, 2024

A Framework For The Cyclical Industries

How to understand, model and find opportunities among the cyclicals.

Nov 2, 2024

China’s Model: Doomsday or Escape Velocity?

Rethinking the Chinese investment-led model from the basics of business cycle theory.

Sep 15, 2024

A dog investment recognition method

How to quickly filter out bad companies.

Nov 13, 2023

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