Essays
Agape
When everything I used to measure myself by collapsed, I was left with the only thing that actually matters: unconditional love, or agape.
Netflix: The Costco of Entertainment
Netflix's scale lets it spread largely fixed global content costs across more than 325 million memberships, fund a broader content slate, keep churn unusually low, and reinvest into the same flywheel. The result increasingly looks like Costco economics applied to entertainment.
Investment Philosophy: Compounding Machines in Oligopolistic Markets
A systematic framework for identifying businesses that compound capital across decades , targeting companies with dominant market positions, multiple reinforcing moats, recurring revenue, and the capital efficiency to reinvest at high rates of return.