Written by the Principal since April 2025 and collected here in seven series, from the economics of power to compute to the mathematics of dealmaking.
Each series develops one argument across several essays. Open one to read it in order.
Where the durable money in artificial intelligence sits: the grid, the asset clock, manufactured power, the megawatt.
The foundational sequence: distributions, optimization, models that compress an uncountable world, the limits of verification.
Transactions as dynamic systems to be navigated as conditions change, not static agreements to be negotiated.
A sustained argument for credit built around how people actually manage money, and the infrastructure underneath it rethought.
The movement of capital and people between two economies most financial strategies still treat as separate, observed from Houston.
Shared expenses as a financial tradition without rails, and tokenized deposits as the modern rail for cross-border settlement.
Four ventures at once, a non-linear career, a fintech platform from scratch, building inside a bank, and writing every week.
The most recent essays. Published on Substack, LinkedIn, and Medium.
Why an acquirer’s first years above or below its benchmark cannot tell a good deal from a bad one.
The limits of verification: proving a curve optimal took mathematics 135 years; one Saturday the market priced USDC’s gap at $1.7 billion.
A sequential identifier bridges a public price and a private volume. What London did to German tanks, and does to a loan book.
Rent per kilowatt, refresh reserves, and why the megawatt, not the GPU, is the unit of AI economics.
The AI power race won’t be won by the cleanest source or the fastest chip, but by whoever turns clean power into a product first.
Why the same GPU can be obsolete, productive and irreplaceable at once, and what it means for depreciation, cloud margins and AI economics.
Every essay since April 2025, by year, newest first. Open a year to see the list.
A Deal’s First Verdict Is Mostly Luck · 29 September
The Price of Mistaking Necessity for Sufficiency · 8 September
Gathering Financial Intelligence With Simple Math · 5 August
AI Rents in Megawatts · 15 July
The Last Monument in the AI Economy · 2 July
The Useful Life of a Useful Life · 2 June
Of Tennis Records and ETFs · 26 May
When Two Plus Two Equals One · 19 May
The Coin Always Lands Heads · 12 May
Ask Not if We Can Build AGI Models, Ask if We Can Power Them · 6 May
Models Are the Math of “Once Upon a Time” · 28 April
The Path Is the Outcome · 20 April
A Year in Writing · 9 April
The Mathematics of a Moving Deal · 31 March
The Mathematics of Dealmaking · 24 March
Valuation Is Not the Deal · 17 March
An Average May Not Exist in Finance · 12 March
Modeling an Uncountable World · 3 March
The Cost of Perfect Optimization · 25 February
The Local Maximum Trap · 21 February
The Lie of the Average · 8 February
Successful Businesses Should Not Stay Structurally Local · 14 January
The Real Prize in Tokenized Payments: Bank Adoption · 19 December
The Rise of Tokenized Settlement: A Primer for Modern Cross-Border Payments · 6 December
Financial Markets Are the Most Democratic System We’ve Ever Built · 26 November
The United States Must Build the Intelligent Credit Infrastructure of the Future · 22 November
The Living Credit Contract · 14 November
Teaching AI How to Lend · 8 November
The Infrastructure of Opportunity · 1 November
White-Collar Nearshoring Is North America’s Next Integration · 25 October
Thirty Years After NAFTA, Mexico Will Start Owning in America · 19 October
Mexican Capital Is Fueling America’s Next Growth Center · 6 October
Latinos in U.S. Finance: The Trillion-Dollar Growth Opportunity · 1 October
From Cacophony to Symphony: A Metaphor for Digital Finance in Mexico · 23 September
The Hockey Stick Test · 18 September
The Illusion of Precision in Valuation · 11 September
Websites and Slide Decks Are Still Boring · 28 August
The Startup CFO: A Personal Journey · 12 August
And How Exactly Can We Predict Who Will Pay? · 1 August
If We Can Anticipate Buyers, We Can Also Anticipate Borrowers · 22 July
The Mexican Banking Scandal Provides a Unique Chance to Rebuild Trust in Credit · 16 July
If SMBs Are the Engine of the Economy, We Have to Build Systems That Work for Them · 9 July
I Built a Fintech Inside a Bank, And It Was a Test of My Resilience · 2 July
Credit in Mexico Must Be a National Cause, Not Just a Product · 26 June
We’re Lending People Into Poverty, and Calling It Progress · 18 June
What If We Got Lending Right in Mexico? · 11 June
What Did I Build This Week? · 3 June
I Was Learning AI Before I Knew What AI Was · 28 May
Why Compago? Because Shared Expenses Aren’t a Trend, They’re Already a Tradition · 21 May
We Chose Not to Issue a Credit Card, And That’s Why Compago Will Work · 13 May
Compago: The Missing Link in Mexico’s Digital Finance Revolution · 6 May
Everything Is Training · 29 April
How I Built a Fintech Platform in My Late Thirties · 22 April
What a Non-Linear Career Has Taught Me · 15 April
Why I’m Leading 4 Ventures at the Same Time, And Why Execution Always Beats Perfection · 7 April
