Category Foresight

Understanding where capital is moving is not the same as knowing where to invest it.

Concept drawing of a man and a woman looking through binoculars at an industrial frontier — a humanoid robot on a gantry, robotic arms, a fusion reactor, and racks of compute.

The Argument

I

The Productive Capacity Supercycle

September 2026

Read I →
II

Category Foresight

September 2026

Read II →
III

Structural Mispricing

Forthcoming · Mid-October 2026

Foundations

Earlier work from which the present argument developed.

The Capital Cycle The Return of the Physical Economy Markets & Mispricing When the Future Is Already in the Price Strategic Technology Global Resilience Investment Discipline The Next-Round Financeability Framework

All foundations →

Notes

Observations from the margins of the argument.

Europe Is Making a Serious Mistake

April 2026
The Rapid Datacenter Architecture Upgrade for AI

April 2023
The “Why Now?” for India’s Economic Boom

February 2023