Insights — working notes, comments, papers
Public reading.
Notes on what I am reading, working on, and willing to say in writing. Citations carry. Footnotes carry.
- Working note
The Bank of England names the agentic-herding problem
Reading the April 2026 Financial Policy Committee record on AI in financial stability — what it actually says, what it does not, and what supervised firms should write down before the next stress cycle.
- Working note
Agentic hedge funds: when the firm itself is being replicated
Hedge funds are now standing up entire analytical functions — Sentiment, Fundamentals, Quantitative, Risk — as fleets of cooperating agents. What the architecture looks like, what it gets right, and what it leaves exposed to the next supervisory cycle.
- Note
What agentic trading does to the incumbent firm
Banks and asset managers were architected for an analyst headcount they no longer need to hire. Reading the next three years of business-model disruption from the inside, with specific attention to where the moats hold and where they do not.
- Note
Three audiences, one question
Builders shipping agentic execution, incumbents reading the competitive map, and regulators assessing systemic risk are answering different versions of the same question. A short note on why the practice serves all three.