This week I kept circling one theme: context is everything. From Mark Bertolini’s father’s rules for survival, to Benn Stancil’s “context layer” for data and AI, to Rolex as a brand that manufactures scarcity through narrative — the common thread is clear. Content is cheap. Integrity, frameworks, and meaning are what actually endure.

This week’s edition explores risk calibration in investing, the fragility of AI analysis, and why quitting can be a powerful strategy. From Alan Waxman’s unitized risk model to Cate Hall’s case for walking away, discover how capital, cashflow, and culture demand recalibration—not just ambition.