Essays I've written when a model wouldn't hold a full thought. Some are old enough to be wrong by now. I try to leave them up anyway.
In January none of us had seen a qubit. In April we were the ones explaining them.
You build a model. You run 10,000 sensitivities. You still need to decide.
The deal's structure tells a story about who is trusted, who is guaranteed, and who absorbs the first loss.
Discount rates are also a belief system.
Ninety-one percent of the local papers' May coverage was framed around resilience. That's not an accident.