Financial Services, FinTech, and Complex Situations

Essays, primers, and the frameworks I use to underwrite.

The views here are my own and do not represent those of my employer. Nothing here is investment advice.

3 essays1 Macro Monitor1 ABF and FIG Primer1 Rescue Capital Primer

Pages standalone

Macro Monitor

Liquidity, Rates, Credit, and the Cycle

My macro dashboard: liquidity, rates, credit, equities, commodities and FX, growth and inflation, and fiscal, updated as a periodic snapshot.

ABF and FIG Primer

Asset-Based Finance and Financial Institutions

How lending against pools of assets is structured, funded, and priced, and how banks, insurers, asset managers, and specialty lenders fit together.

Rescue Capital Primer

Rescue Capital and Complex Corporate Credit

How companies under strain raise money through preferred equity, PIK and rescue notes, liability management exercises, and Chapter 11, and who supplies it.

Essays 3

24 Oct 2026 Investing as System DesignWhere my investing comes from: model the structure of a system, test it with data, and design a solution around a defined objective, at the level of the company and the portfolio. 11 min 14 Feb 2026 Three Questions I Keep AskingAfter 15 years across actuarial work, financial economics, and ABF and financials investing: how do you get your money back, do you understand the risk, and can you structure around it? 3 min 31 Dec 2025 My Investment Principles (v1.0)A first draft of how I invest in financial institutions: what I analyze, in what order, and where the framework shows up today. 2 min