Friday Essays
One essay. Every Friday.
From operators who run things — on economics, politics, and business.
September 18, 2026
The Org Chart Is the Real Strategy Document
Forget the mission statement; the truest expression of a company’s priorities is found in its budget allocations, reporting lines, and the outcomes of its pre-meetings.
September 11, 2026
Geopolitics Is Now a Line Item on Your P&L
Stop treating global tensions as an abstract risk. It's time to translate sovereign risk, supply chain shifts, and market access into concrete costs and revenue forecasts.
September 4, 2026
The Best Moat is a Line in the Federal Register
While startups complain about red tape, we're at the table with regulators, turning compliance costs into an unassailable barrier to entry for our competitors.
August 28, 2026
Your Business Is Built on Three Miscalculations
The cost of capital, the security of supply chains, and the value of labor have structurally changed, yet most operators are still using last decade's playbook.
August 21, 2026
The Government Is Your New Head of Strategy
For decades, we optimized for efficiency in a stable world; now, industrial policy and geopolitics are rewriting our P&Ls and forcing a new operational playbook.
August 14, 2026
Capital Doesn't Flow, It's Directed
The era of apolitical markets is over; for operators, understanding statecraft is now as critical as reading a balance sheet.
August 7, 2026
Central Banks Are Telling You to Shorten Your Planning Horizon
Forget long-term forecasts; the world’s monetary policymakers are broadcasting a clear message of near-term volatility. Here’s how to operate in a 90-day world.
July 31, 2026
The Hidden Ledger That Governs Your Business
Forget pure ROI; the most critical decisions are now shaped by a shadow calculus of geopolitical risk, employee activism, and capital gatekeepers.
July 24, 2026
Geopolitics Is Now a Line Item on Your P&L
The era of stable globalization is over; operators must now read financial statements through a geopolitical lens to understand the true cost of doing business.
July 17, 2026
The Strongest Moats Are Paved with Red Tape
The sharpest operators don't just comply with new rules; they write them, weaponize them, and build impenetrable defenses against the competition.
July 10, 2026
The Old Playbook Is Now a Liability
Operators are waiting for the economy to revert to a 2019 mean, but the structural costs of labor, capital, and supply chains have permanently shifted. The game is no longer arbitrage.
June 26, 2026
Capital No Longer Flows, It Is Sent
The era of frictionless globalization is over; capital is now an instrument of statecraft, and operators must learn to read the new geopolitical map to survive.
June 19, 2026
Central Banks Are Mapping the Fog, Not Clearing It
The era of predictable forward guidance is over; operators must now read the dispersion in central bank data to build resilience for the volatile quarter ahead.
June 5, 2026
Geopolitics Is Now a Line Item on Your P&L
The era of frictionless globalization is over; every operator must now price political risk directly into COGS, capital allocation, and corporate strategy.