Memos.
Investment research and thesis analysis.
Investment Memos
Bankless Research: October-November 2025
Mar 202618 episodes analyzed. 6 investment theses synthesized across AI bubble risk, ex-US outperformance, quality at a discount, and crypto cycle timing.
The Aschenbrenner Thesis
Mar 2026Situational Awareness LP Q4 2025 13F analysis. Sequential bottleneck thesis: GPUs to energy to connectivity.