Indicator research notes
Short essays on building durable indicator stacks and model discipline.
Market Cap Is a Lie (Sort Of): Why the Simplest Metric in Finance Is Harder Than You Think
Market cap looks simple - price times shares. But stock-based compensation, corporate events, dual-class structures, and even crypto supply dynamics mean the number you see is rarely the whole story.
What Is Interesting About Short Interest
Short interest as a market sentiment gauge, squeeze mechanics step by step, what the levels mean, sector patterns, and who controls the big positions.
The Rule of 40: What It Tells You About a Company and What It Doesn't
The origin, evolution, and practical application of the Rule of 40 as a composite indicator for evaluating growth companies with Palantir and Upstart as real-world case studies.
Mastering Free Cash Flow: Essential Insights for Investors
A comprehensive guide to understanding free cash flow, its calculations, differences from dividends, key considerations, and real-world examples from companies like Tesla and Rivian.