Public markets
Robotics · Semiconductors · Automation
The Physical AI Stack
A framework for separating durable infrastructure from short-cycle enthusiasm across the robotics value chain.
Compute at the edgeMotion and sensingIntegration economics
SHARK MONEYYACHT CLUBSearch Shark Money
Search public and private companies, people, funds, markets, tools, and research.
Deep Water IntelligenceSee the whole
See the whole
current.
Research organized around structural change, business economics, evidence, risk, and the conditions that would break the thesis.
Public markets
Grid · Generation · Thermal management
Power Behind Compute
Follow the constraint: how growing compute demand changes the opportunity set beyond the data-center operators.
Interconnection queuesPower densityContract durability
Private markets
Liquidity · Pricing · Company quality
The Secondary Window
A disciplined checklist for evaluating access, transfer restrictions, price discovery, and concentration risk in private shares.
Access qualityTrue dilutionExit dependency
Macro
Supply · Returns · Competition
Read the Capital Cycle
Why great narratives can produce weak returns—and how new capacity, financing conditions, and competitive response reshape a thesis.
New supplyCost of capitalReturn on incremental capital
Playbooks
Risk · Asymmetry · Survival
Position Sizing Is the Thesis
A practical system for expressing conviction without allowing one decision to determine the future of the portfolio.
Risk budgetInvalidation pointCorrelation check
Wealth
Tax · Estate · Concentration
Before the Liquidity Event
The decisions founders and business owners should coordinate before a transaction makes those choices expensive—or impossible.
Entity and basisEstate planningPost-close allocation
The research standardConviction must
Conviction must
earn its size.
- 01State the structural change
Explain what is changing, why now, and which part of the value chain may capture the benefit.
- 02Show the evidence
Separate observed facts, reasonable inference, and unresolved questions.
- 03Pre-mortem the thesis
Name the risks, disconfirming signals, and maximum acceptable exposure before acting.