The market rewards patience and punishes self-deception. This site exists to make both harder to avoid — it's where I keep an open, honest record of my work as a full-time investor.

If you're here, you already know me — or someone thought you should. What follows is the running record of my positions, my theses, and the reasoning behind both. It isn't advertised, and I intend to keep it that way. A window into the work for the people in my circle, and a mirror for myself — a place to stay accountable to a thesis and question it when the evidence demands it.

Below are a few images that help me to stay “in Time.”