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A Deposit Is Not a Payment
E2, Foundation track — Part 3 of 3
The previous essay ended on the gap. Profit sharing is a flow that resets. Equity is a stock that requires a sale. …
1 month, 3 weeks ago
The Jobsite That Got Financialized
Evidence They Can’t Defend — Essay 8 of 13
I have stood at the top of a subcontracting chain. Here is what you can see from there, and what you cannot…
1 month, 4 weeks ago
The Check That Resets
E2, Foundation track — Part 2 of 3
I ended the previous essay by saying that the company had no organ capable of registering what I heard on the floor…
2 months ago
Already Spoken For
I.
This summer the median American home sold for $440,600. Prices are up more than 50 percent in 6 years. 77 percent of listings are out of reach for …
2 months ago
The Hotel That Stopped Training
Evidence They Can’t Defend — Essay 7 of 13
In 2007 we stayed at the Oberoi Rajvilas outside Jaipur, in the tented rooms. The night before, at a chowki…
2 months ago
The Lazy Engineer Doesn’t Exist
In response to: “Software engineers are facing an ‘identity crisis bordering on depression,’ Menlo Ventures partner says” — Thibault Spirlet, Busines…
2 months, 1 week ago
The Hours We Took
I sat down with a group leader once to talk about his downtime numbers. His name was Ethan.
He was soft with his people in a way I had not seen much o…
2 months, 1 week ago
The Hospital They Looted
Evidence They Can’t Defend — Essay 6 of 13
The doctors knew exactly what to do. That was never the problem.
A woman was bleeding to death from her live…
2 months, 1 week ago
Who Is the Economy For?
Source: “Introducing the Fortune 500,” Matt Heimer, Fortune, June 3, 2026. Ranking and figures: fortune.com/ranking/fortune500/2026/.
The shareholders…
2 months, 2 weeks ago
The Account You Were Never Given
Source: “Yale asked the right question. Now the rest of higher education owes an answer,” Steve Beard, Fortune, April 22, 2026.
Steve Beard published …
2 months, 2 weeks ago