All on the Line · Series
Transactions treated not as static agreements to be negotiated but as dynamic systems to be navigated as conditions change. Constraints, trade-offs, feasible ranges, systems that move: once you look at deals that way, it becomes difficult to reduce them back to simple negotiation or isolated terms.
Deals don’t fail on price, they fail when shifting conditions move feasibility faster than structure can adapt. A dynamic view of dealmaking.
Dealmaking is more than negotiation, it’s optimization. A mathematical view of M&A, constraints, and how real deals actually get done.
Why valuation alone doesn’t close deals. M&A is a system of constraints where tradeoffs, not price, determine outcomes.
1.The Mathematics of a Moving Deal · 31 March 2026
2.The Mathematics of Dealmaking · 24 March 2026
3.Valuation Is Not the Deal · 17 March 2026
4.The Hockey Stick Test · 18 September 2025
5.The Illusion of Precision in Valuation · 11 September 2025
