Video Briefing
UAO Daily Video Brief — July 24: The Price of Optionality
Brent clears $100, GIC budgets US$30bn for agility, and the Red Sea becomes a second oil chokepoint.
Topic
The Universal Owner
Coverage, charts, video and research on The Universal Owner for universal owners.
Latest in The Universal Owner
Podcast
The Universal Owner — Thursday, July 23, 2026: UAO Daily Brief — Thursday, July 23, 2026
The Load That Disappeared: 3 GW left the PJM grid the same week Alphabet went cash-negative on a record AI build.
Video Briefing
UAO Daily Video Brief — July 23: UAO Daily Brief — Thursday, July 23, 2026
The Load That Disappeared: 3 GW left the PJM grid the same week Alphabet went cash-negative on a record AI build.
Podcast
The Universal Owner — Wednesday, July 22, 2026: The Liquidity Squeeze: credit capital grows as secondaries clear at discounts
UK fiscal risk lifts long yields while Townsend raises $2bn+ for real-estate secondaries; Mubadala opens an existing $25bn credit book to outside capital and CalSTRS commits up to $2bn.
Video Briefing
UAO Daily Video Brief — July 22: The Liquidity Squeeze: credit capital grows as secondaries clear at discounts
UK fiscal risk lifts long yields while Townsend raises $2bn+ for real-estate secondaries; Mubadala opens an existing $25bn credit book to outside capital and CalSTRS commits up to $2bn.
Podcast
The Universal Owner — Tuesday, July 21, 2026: UAO Daily Brief — The backup routes are becoming chokepoints
The Universal Owner — Tuesday, July 21, 2026: UAO Daily Brief — The backup routes are becoming chokepoints
Video Briefing
UAO Daily Video Brief — July 21: UAO Daily Brief — The backup routes are becoming chokepoints
UAO Daily Video Brief — July 21: UAO Daily Brief — The backup routes are becoming chokepoints
The Universal Owner
UAO Daily Brief — The backup routes are becoming chokepoints
Watch · Today's briefingChart of the day: Brent, the VIX and US high-yield spreads since the war began on 28
Research
The Redundancy Illusion: When Every Backup Route Shares the Same Risk
Hormuz, the Gulf of Oman transshipment chain and the Red Sea bypass look like three routes. This week they priced like one. How universal owners should count resilience.
Podcast
The Universal Owner — Monday, July 20, 2026: UAO Daily Brief — When chokepoints, chips and state capital collide
Hormuz transits fall to four a day and Brent tops $90; China turns on a ¥60bn policy put; TSMC lifts Arizona to $265bn; and the sovereign climate trade meets its chokepoint.
Video Briefing
UAO Daily Video Brief — July 20: UAO Daily Brief — When chokepoints, chips and state capital collide
Hormuz transits fall to four a day and Brent tops $90; China turns on a ¥60bn policy put; TSMC lifts Arizona to $265bn; and the sovereign climate trade meets its chokepoint.
The Universal Owner
UAO Daily Brief — When chokepoints, chips and state capital collide
Hormuz transits fall to four a day and Brent tops $90; China turns on a ¥60bn policy put; TSMC lifts Arizona to $265bn; and the sovereign climate trade meets its chokepoint.
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