Heresies
Heresies.
Short-form opinion pieces challenging conventional investing wisdom. Written when the consensus has stopped fitting the regime — and when sticking to the textbook starts costing more than it saves.
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Tech-Free — A Flag of Inconvenience
Two decades of value-investing underperformance is no longer noise — it is a signal about the methodology. Why 'I don't do tech' was never humility.
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The First 50% Trap — Closelook Heresy
Why classical valuation metrics — and classical portfolio rules — break the moment a secular bull is real. Druckenmiller, memory chips, and the barbell.
2 heresies on file.