Perspectives
A running archive of thoughts and perspectives from Foghnan's founder, Charlie Yan. These are not predictions or positions—just a record of what we were thinking when it mattered.
2025
Liquidity Is a Regime, Not a Variable
Coming SoonTime Matters More Than Price
Coming SoonVolatility Signals Without Volatility
Coming SoonThe Dollar Has No Friends, Only Momentum
Coming Soon
2024
Narrative Risk Is the Trade
Coming SoonWhen Macro Stops Making Sense
Coming SoonConviction as a Risk, Not a Strength
Coming SoonThe Real Hedge Is Having a Clock That Works
Coming Soon