/ The Groundwork
Understanding Beta
A six-part educational series on what beta is, why it matters, and how to build a portfolio around it. Free to read, no account required.
What is Beta?
Distinguishing beta (market exposure) from alpha (active skill). Why beta is free, passive, and accessible.
Why Invest at All?
The case for not keeping everything in cash. Savings motivations and the role of cash as the risk-free floor.
Risk Premium Explained
What the risk premium is, why it exists, and how it compensates you for holding risky assets.
Risk and Supply & Demand
What drives risk premiums up and down. The role of central banks, Treasury issuance, and asset supply vs. demand.
Why Diversify?
Modern Portfolio Theory in plain language. Correlation, the free lunch of diversification, and drawdown comparisons.
Beyond 60/40
Why traditional allocations are not truly diversified. The case for risk parity principles.