The reading room

Essays

The ideas behind the investment case.

Author’s essays3 essays · Read in sequence or explore individually
  1. 01

    The structural thesis

    The Great Inversion

    Professional services will stop using professional labour as the default execution engine

    Why professional-services firms will reorganise around a different division of labour, with humans and agents participating in one production organisation.

    Michael StröckSeptember 20268 min read
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  2. 02

    The operating architecture

    How the Inverted Firm Is Built

    Work, authority, evidence and human finality

    A shared production graph, explicit authority and a version-bound evidence ledger. How the operating thesis becomes a firm, and what still has to be built.

    Michael StröckSeptember 202610 min read
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  3. 03

    The investment proposition

    Infra One Investment Thesis

    Fund administration is the wedge, not the boundary

    The fund-administration wedge, the adjacent expansion path and the argument for owning regulated service delivery rather than selling another software tool.

    Michael StröckSeptember 20264 min read
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From thesis to assumptions

Put the ideas to the test.

Explore the investment case, or change the assumptions in the illustrative economics model.