Writing on capital, patience, and building things that last.
Essays and notes from Termos Capital — on investing, decision-making, and the long game.
Essays
Notes on Building Small
A case for small teams, small bets, and small software — and why the constraint is often the advantage.
2 min readThe Margin of Safety
Being right is overrated. Building in room to be wrong is how you stay in the game long enough to matter.
2 min readOn Compounding
The most powerful force in finance is also the most boring. Why patience is a strategy, not a personality trait.
2 min read