TOPICS • 154 CLAIMS
By theme.
The same arguments recur across decades of investor writing. Each topic collects every claim tagged to it, newest first, with the author's own figures and a link back to the document.
Credit Cycles
29 CLAIMSLending standards, default rates, and how credit availability drives the wider cycle.
Capital Flows
27 CLAIMSWhere money is going, how fast, and what it does to standards when it arrives.
Cycles
23 CLAIMSWhere in a cycle a market sits, and what that implies about forward returns.
Valuation
20 CLAIMSWhat is being paid for a stream of cash, and against what history.
Bubbles
18 CLAIMSWhat separates a bubble from a bull market, and whether the distinction is usable in real time.
Regime Change
14 CLAIMSShifts large enough that strategies calibrated to the old environment stop working.
Interest Rates
12 CLAIMSThe rate environment as the input that reprices every other asset.
AI Disruption
7 CLAIMSAI as an operating reality for businesses, distinct from AI as a trade.
Concentration
4 CLAIMSHow much of an index, a return, or a portfolio rests on how few names.