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The full catalogue

Writing
archive.

Essays and analysis on markets, compute, infrastructure, and the forces connecting them.

2026

  1. AI infrastructureThe Invisible Constraint of AI Infrastructure
  2. AI infrastructureAI Infrastructure Is Becoming the New Oil
  3. MarketsMarkets Are Pricing the Wrong Risk
  4. SemiconductorsSemiconductors and the Next Compute Arms Race

2025

  1. MacroThe Rate Cycle Nobody Prepared For
  2. Data centersPower Is the New Constraint
  3. CreditPrivate Credit's Quiet Reckoning