Research notes that keep their source trail.
Web-native editions of vault work: market maps, thematic screens, verification passes, and research-ops notes. Start with the newest posts, then follow a topic.
Start here.
The newest posts are ordered like a research desk: fresh verification first, then market screens, then workflow notes that explain how ideas become diligence.
CRWD vs PANW: platformization, AI-security narrative, and the valuation split.
A verified June 2026 read on CrowdStrike and Palo Alto: CRWD demand re-acceleration with a billings wedge, PANW acquisition-heavy growth, and AI-security revenue still ahead of evidence.
AI SaaS vs Seat-Based SaaS
Why the current evidence favors hybridization, AI attach, and work-unit pricing over a clean "agents kill seats" bear case.
Question Factory
How X leads and raw idea lists become scaffolded diligence rooms, source registers, claim reviews, and finished reports.
AI Bottleneck Rotation
HBM, CoWoS, networking, power, photonics, cooling, foundry, and inference layers ranked by evidence strength and verification need.
Vault Alpha Radar
A ticker attention graph built from source scores, mention counts, AI tags, forward PE, and PEG data.
Vault Health Pulse
A public pulse on mapped notes, stale checks, missing frontmatter, room artifacts, and open ops gaps.
Three lanes, one research system.
The blog is organized by the kind of question being asked: physical infrastructure, software monetization, and the operating system that keeps research from turning into loose notes.
AI Bottleneck Rotation
Public-company map across HBM, advanced packaging, networking, power, photonics, cooling, and foundry.
Read Equity MapVault Alpha Radar
Attention and valuation screen derived from the vault's mapped ticker graph.
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