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Published research.

Notes are published on Substack. Weekly work sits alongside monthly deep dives; closed positions are reviewed in Portfolio Notes.

Research NoteNOKIA

Nokia: The Western AI Infrastructure Re-Rating

Why the market is underweighting the AI infrastructure exposure inside Nokia's mix.

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Research NoteNOW

ServiceNow: The Business Got Better. The Multiple Didn't.

A business that improved on every metric while its multiple compressed 78% from its three-year average.

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Catalyst Calendar

Upcoming catalysts.

Note bodies are hosted on Substack. Each link opens in a new tab.