Blog
Long-form writing on what I'm learning and shipping.
2026
CME Group: the clearing house is the moat, and open interest is the cornered resource
v1Published 2026-07-10Updated 2026-07-10CME Group: the clearing house is the moat, and open interest is the cornered resource > Method note: Fact = drawn directly from the 2026-07-10 source packet (SE…
Clean Harbors and the business of owning the waste nobody wants
v1Published 2026-05-13Updated 2026-05-13Clean Harbors and the business of owning the waste nobody wants Some businesses look boring because the product is boring. Clean Harbors looks boring because th…