Vecstrata The Constraint Is Not a Baton "Power is the new AI bottleneck" is the sector's most crowded sentence, and the crowd draws two wrong conclusions from it. Three falsifiable calls: the chip premium holds, the equipment order books keep the rent, the power-stock trade is spent.
Vecstrata The $17 Billion Tell — D2D Spectrum, Read From September 2025 A backtest: frozen the day after SpaceX bought EchoStar's spectrum, four structural calls on who buys the constraint next — scored against what actually happened, control included.
Vecstrata No Moat, No Disruptee — Open-Weight AI, Read From July 2023 A backtest: we froze a vantage the day Llama 2 went free, made four calls from only what was knowable then, and scored them against what happened. Three hits, one honest miss, and the blind Brier we didn't flatter.
Vecstrata Coverage Where the Towers End Direct-to-device puts a cell signal where no tower ever will. Three carriers just pooled the spectrum to deliver it — and released a profit pool in the process. Six falsifiable calls on who catches it.
