Capital Decisions
Investing, hiring, fundraising, exits, strategy — the decisions where sunk cost, thesis drift, and wanting the deal too much distort judgment.
Decision debt is charging interest while you wait
Unresolved decisions behave like financial debt. Avoidance, framing mistakes, and fake ownership keep charging — in time, cash, trust, and founder attention — until someone names the decision and pays it down.
“You are not waiting for clarity. You are paying interest on a decision you have not written down.”
14 Jul 2026 · 7 min · From the fieldCapital DecisionsThe lower price is not a thesis
Entry-side loss aversion makes a declining price feel like evidence. It is often just a number that learned your name — without a target, a thesis, or an exit you would actually take.
“You are not buying because the thesis strengthened. You are buying because the price dropped and your entry still hurts.”
30 Jun 2026 · 4 min · From the fieldCapital DecisionsThe hire you've already decided to make
Confirmation-seeking in hiring starts before the interview — when the candidate becomes the only one who chose you back. What an audit asks that a scorecard never will.
“The interview is not where you decide. It is where you collect reasons for a decision you already made.”
29 Jun 2026 · 4 min · From the fieldCapital DecisionsWhat a bad executive hire actually costs
The salary is the smallest line. Here is the real arithmetic of getting one senior hire wrong — and the cheapest point at which it could have been caught.
“The hire didn't fail in month nine. It failed at the offer, when a question went unasked.”
25 May 2026 · 4 min · From the field