Research journal · Seoul
Understand uncertainty.Make better decisions.
Vol. 01 · Est. 2026
Series
View all →Latest
View the archive →Change delivered GW, equipment revenue per MW, margins, dilution, and discounting to test the combination implied by the market price.
An interactive FCFF model that separates Bloom Energy’s announced contracts and financing frameworks from common-equity value.
Read article ↗A closer look at the Oracle agreement, SOFC economics, competitive moats, and the valuation implied by Bloom Energy’s AI power boom.
Bloom Energy’s AI-power opportunity is real. We test contracts, cash flow, dilution, and the value that can reach common shareholders.
Read article ↗From a Dentist’s AI Stack to the Reinvention of Enterprises and Private Equity
If AI changes the economics of software and technical debt, how might domain expertise, organizational design, mid-market firms, and private-equity value creation change with it?
Read article ↗Change NOI, residual CAPEX, discount rate, re-letting value, and incremental MW to test the additional NAV implied by the market.
An interactive sensitivity tool connecting Applied Digital Corporation's contracted capacity, development cost, and capital claims to common-equity value.
Read article ↗1.41GW of contracted capacity, an 89% NOI margin, and billions of dollars of construction spending.
A contract-to-common-equity analysis of Applied Digital Corporation's AI data-center portfolio.
Read article ↗How the number-three cloud is using agents as its next enterprise entry point
Notes from Build with Gemini on Google Cloud's agent governance, Gemini Enterprise as a sticky entry point, and its distribution challenge in Korea.
Read article ↗Fields of inquiry
Five connected sectionsMarkets, macro, quantitative research, and portfolio thinking.
Macro · Rates & Fixed Income · Quant · Markets · Portfolio · ResearchAgents, RAG, enterprise transformation, and AI engineering.
Agents · RAG · LLM · AI Engineering · AX · Enterprise AI · EvaluationReproducible experiments, data work, agentic engineering, and projects built with code.
Projects · Experiments · Data & Notebooks · Agentic Engineering · TutorialsProbability, statistics, optimization, and mathematical finance.
Probability · Statistics · Linear Algebra · Optimization · Financial MathematicsPerspectives, reading records, essays, and ideas still taking shape.
Short Notes · Reading · Career · Essays