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 Soon
  • Time Matters More Than Price

    Coming Soon
  • Volatility Signals Without Volatility

    Coming Soon
  • The Dollar Has No Friends, Only Momentum

    Coming Soon

2024

  • Narrative Risk Is the Trade

    Coming Soon
  • When Macro Stops Making Sense

    Coming Soon
  • Conviction as a Risk, Not a Strength

    Coming Soon
  • The Real Hedge Is Having a Clock That Works

    Coming Soon