The reference layer
Thinkers
One framework each, run against the current record.
A lens is a way of reading, not a verdict. Each page takes one thinker's framework and runs today's coverage record through it: Graham on what a business is worth before the market speaks, Shiller on the story that shows up after the price, Helmer on which advantages survive a competitor who knows exactly what you are doing.
The lenses are drawn from the library and applied in the trend pillars. They are the part of the site that ages slowest.
Lenses
benjamin-graham/
Benjamin Graham — The man who split price from value — a useful split when an industry prices the future before the facts arrive.
2 trends
hamilton-helmer/
Hamilton Helmer — Seven kinds of competitive Barrier, one test for each: does it survive someone actually trying to break it.
2 trends
ray-dalio/
Ray Dalio — A buildout funded by cash and a buildout funded by debt are different objects. Dalio's template asks the one question that separates them.
1 trends
richard-thaler/
Richard Thaler — A number that should stop a buyer often doesn't, and the reason is which account they filed it under. Thaler's mechanisms, read against the coverage record.
0 trends
robert-shiller/
Robert Shiller — A price's justifying story usually comes after the price, not before it — TEXXR's archive lets you watch that loop run through tech coverage.
3 trends