← All domainsI-100 · Domain sheet
Investing
Theses, positions and the reasoning behind them.
In draftingExperiment · Flow fill
1Structure0 – .10
2Cash in.10 – .30
3Waterfall.30 – .50
4Loss.50 – .70
5Recovery.70 – .90
6Settled.90 – 1
Cash pays the stack top-down by seniority. A default is absorbed bottom-up, equity first, and recoveries refill it in payment order.