Swimming With the Current: Alibaba
A $295bn megacap at 40–45% of fair value, and the quarter that graded the call. The algorithm reads collapse; the segment breakdown reads pivot.
The Electrostate Series
The Electrostate Series
Britain's industrial revolution ran on coal it owned. The American century ran on petroleum it controlled. China is assembling the first economy whose energy base is electricity it manufactures rather than fuel it extracts – and then selling the capability. Three parts: building the supply stack at home, becoming a fully electrified economy, and exporting the whole stack to the Global South.
