Archive

Daily digests

• Scan #002: When the moat is someone else's bottleneck 2026-07-14

  Five companies across supply chain, insurance, construction, energy, and retail — and a recurring question: how much of today's advantage is structural, and how much is borrowed from a constraint that will lift?

• Scan #003: The rails and the raiders 2026-07-14

  Eight companies — four emerging, four entrenched — and a recurring pattern: the incumbents' moat is a system of record nobody wants to rip out, and the challengers are all betting that stops being true.

• Scan #001: Live commerce at scale, batteries as utilities, and Blackstone's compressor bet 2026-07-13

  Six companies across ecommerce, energy, construction, insurance, logistics, and HVACR — five poised, two contested, and one $14B question about legacy incumbency.