Start with a question. Work through a concept, one example at a time.
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The work is finished. The invoice is sent. The business has made a profit—but the customer hasn’t paid yet. Follow a small studio through one month to see why earning money and having money are different things.
A portfolio can hold ten different company names and still make one big bet. The question is what moves those investments together. A simple two-asset example shows why that relationship matters.
The headline says inflation is falling. At the checkout, your groceries still cost more. Both can be true. Following one basket through two years reveals the difference between prices and the rate at which they rise.