The Theory A Blog — Page 3

Theory A. Revealing the hidden structure of value. Valuation / Options / Asymmetry.

Page 3 of 4.

A shopping cart holding a miniature warehouse balances on a tall stack of blank price tags.

Costco is a great business. You can still pay too much.

October 14, 2026

An ochre cargo ship carrying a blank price tag rides the crest of a towering navy wave.

A low P/E can make a stock look cheaper than it is

October 7, 2026

A rooted architectural tree branches into many blue and gold paths.

Combining Fundamental Analysis and Options Data

Updated September 22, 2026

Paper boats follow the same winding channel toward a waterfall.

Why Does Loss Porn All Look the Same?

February 28, 2023

Two trees grow from similar roots into dramatically different branching canopies.

Why Two Investors Earning 10% Can Grow Further Apart

February 12, 2023

Channels carrying golden glints converge in a shared circular pool.

What an Efficient Market Can Still Teach You

February 3, 2023