Writing
Writing
Essays on building, investing, and the things I've learned along the way.
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- May 2026 · 6 min read
Why I Invest on Dust Roads
There is a moment in every investment decision when you know less than you would like to and more than you can afford to ignore. That moment is the dust road.
Read essay → - April 2026 · 5 min read
What Wonga Taught Me About Conviction
By every external measure the business was a triumph. Inside the boardroom, the conviction had fractured. The lesson stayed with me.
Read essay → - March 2026 · 5 min read
The Long Distance Between Insight and Consensus
The best opportunities tend to emerge in sectors where the gap between genuine insight and market consensus is widest. Most of investing lives in that gap.
Read essay → - February 2026 · 4 min read
On Building When the World Is Burning
Wonga was eighteen months old when Lehman fell. By every measure of macro confidence, this was the moment to retrench. We did the opposite.
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