StrategyApril 2026
Why Capital Preservation Is Not Conservative — It Is Disciplined
The mathematics of loss explain why the foremost emphasis must always be on avoiding permanent destruction of capital.
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Research, commentary and frameworks from the YMC Capital team. We write about what we know — capital preservation, credit markets, digital assets, and the discipline of solving problems others avoid.
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Research and perspectives
Strategy
Why Capital Preservation Is Not Conservative — It Is Disciplined
The mathematics of loss explain why the foremost emphasis must always be on avoiding permanent destruction of capital.
April 2026
Strategy
What to Do With an Investment That Isn't Working
Bad investments, neglected subsidiaries, forgotten agreements. Everyone has them. The question is what to do about them — and who to call.
April 2026
Market Commentary
The Case for Institutional Bitcoin Yield
Bitcoin as a yield-generating asset, not a speculation. How institutional-grade strategies extract sustainable income while preserving capital.
April 2026
Fund Education
What Is a Segregated Portfolio Company — And Why It Matters
A clear, investor-friendly explanation of how Cayman Islands SPCs work and why they remain the preferred structure for multi-strategy fund vehicles.
April 2026
Market Commentary
Credit Markets: Why Relationships Still Beat Algorithms
In credit markets, the best opportunities are not found on screens. They are found through decades of trust and proprietary access.
April 2026
Fund Education
Fund Infrastructure as a Service: Why Managers Outsource Everything Except Judgment
The traditional fund launch costs six figures and takes six months. The platform model changes both numbers dramatically.
April 2026
Strategy
The Margin of Safety in Credit: Building Portfolios That Survive Bad Years
Benjamin Graham's margin of safety applied to credit investing. How conservative portfolio construction protects capital through every cycle.
April 2026
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