Dear Decision Maker, On the morning the first tanker took a hull breach near Bandar Abbas, two things happened almost at once. The headlines said: "Iran attacks shipping in the Strait of Hormuz." True enough. But in a war room in Geneva and on three underwriting desks in London, a different question was already on the table. Not what happened. What weapon. Because the answer to that question was worth millions. Here's what most people watching the 2026 Iran war never understood. The story...

Dear Decision Maker, Before I get into it, a thank you! Last week's newsletter got more replies than anything I've sent in months. People emailed. People messaged. A few of you actually picked up the phone and called. I read every single one, and I'm still working through the longer threads. I'm really grateful. Keep them coming, because half of what I learn comes from those conversations, not from my own desk.Right. Now let me tell you about a video call... In January 2024, a finance worker...

Dear Decision Maker, A quick warning before you read on: this one's different. I usually use this space to pull apart a problem set. A place, a group, a person most people aren't watching closely enough. Not today. Today I want to talk about us. About where Grey Dynamics is, where it's going, and some changes coming over the next couple of months. Some of them are big. There's a lot going on right now. A lot with Grey Dynamics. And there's my new venture, Critical Outcomes Group, which I'll...