AI Investing
The New Moat Is the Inner Loop
When AI makes static software easy to copy, durable advantage moves to systems that learn from proprietary context, action, measurement, and improvement.
Deniz Erkan
Market Commentary
The Rally Came Before the All-Clear Signal
A market lesson from April 2026: rallies often begin before fear clears, reinforcing the value of systematic participation through uncertainty.
Market Research
VIX, Gold, and the Geopolitical Premium
A research note on VIX, gold, and geopolitical risk, and why portfolio design must account for how uncertainty transmits through markets.
Investment Thesis
Runtime Fund Launch: Our Core Investment Thesis
Runtime Fund's core investment thesis: long-term compounding is a portfolio engineering problem, shaped by systems, risk discipline, and compute.