CURRENT NOTES
Monthly Note
- September 2025: When structure fails, What’s your plan?! (9/28/2025) - The collapse you don’t see coming In February 2021, Winter Storm Uri rolled into Texas. Temperatures plunged, demand spiked, and the “fortified” power grid — the one officials swore was reliable — collapsed almost instantly. Millions were left without heat, water, or electricity. People weren’t caught off guard because there hadn’t been warnings — they were caught because they trusted a system that was never built to withstand real stress. That’s how cracks work. They don’t always scream until they snap. And we’ve been talking about cracks for years. In 2Q 2017, we warned about “cracks in the dam” —… Continue Reading
Quarterly Report
- Q2 2025: “Next Play Thinking…” (7/30/2025) - It “feels” like we’re stuck in a loop … always talking about the importance of process. That word shows up in everything we do: in the signals markets are sending, in the rate of change (RoC) of the data, yet more importantly, it’s stark in contrast to the narrative-choked headlines that dominate the news cycle. With all the unfiltered noise swirling around, we couldn’t think of a better time to re-center on what actually matters. As Nick Saban would say: “Ignore the scoreboard. Focus on the next play.” In our world, that means ignoring the media circus and focusing instead… Continue Reading
