Notes

Notes on markets and the work behind a portfolio.

Short pieces on what is moving markets, how companies are researched and how decisions get made inside a real portfolio — in plain English.

• 15 September 2026Healthcare is the tape, but it is not one tradeFive of the ten strongest clusters in our thematic map are healthcare — and the two halves of the sector are behaving in opposite ways.
• 15 September 2026Why I am writing these notesWhat these notes are, who they are written for, and what I will not be doing here.

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