The Inversion Investor

The Inversion Investor

My side quest during the holiday.

Peter Pham's avatar
Peter Pham
Jan 06, 2026
∙ Paid

The industry accepts a false dichotomy because it shares a flawed assumption: capital must be organized by assets.

This framework rejects that assumption.

Instead of concentrating capital in what we own, we concentrate capital in when and how it interacts—all within the benchmark itself.

The benchmark isn’t escaped/beat. It’s segmented.

Capital is assigned …

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