portfolio construction.

A public-safe portfolio memo on the exact 10-name essential-services sleeve I would sketch against software-heavy exposure, including the weights, the cut lines, and the tradeoffs I would want to backtest next.

A public-safe reflection on AI investing that turns the bottlenecks thesis into a real six-ticker sleeve with explicit weights and rationale across HBM, packaging, tooling, networking, and power/cooling.

Blue Owl looks more like a fee-rich equity claim on private-credit growth than a true hedge against correlation spikes or liquidity stress.