Fundamental Analysis

The Ghost in the GPU: Tobin’s q and the Illusion of Investment

What a Forgotten Economic Ratio Reveals About the AI Chip Crisis

The Signals Beneath the Surface: A Story of Financial Disclosure and the Battle for Market Truth

From murky ledgers to the sharp clarity of the 10-K, how corporate transparency evolved—and how savvy investors learned to read between the lines.

Free Cash Flow: The Kingmaker of Metrics

When all the margins are done talking, cash flow gets the last word

Net Margin: The Quiet King of Capitalism

Reading the Leaves at Cupertino

How a Fundamental Analyst Would Have Seen Apple—From the Garage to the Trillion-Dollar Club

Operating Leverage: The Hidden Force Behind Explosive Profits

When fixed costs are your best friend—and your worst enemy

Operating Margin: The Margin of Mastery

Where strategy, structure, and scale converge—or collapse

Gross vs. Net Margin: Sector by Sector, Who Really Wins?

The battleground shifts, the rules change—but the margins still decide who survives

Gross vs. Net Margin: The Two Blades of the Business Sword

When to wield each margin—and what it tells you about the battle ahead

Gross Margin: The Oldest Power Move in Capitalism

How a single number hides the secrets of strategy, scale, and survival

Balance Sheets and Booms

Reading the Soul of a Startup Through Its Financials

Mapping the Corporate Genome

A Guide to Orthogonal Business Archetypes