10 Essays That Defined "Drift Signal" in 2025
How power, capital, and industry have been shifting this year
In January 2025, I rebranded this publication from European Straits to Drift Signal, opening a new chapter with the edition titled From Startups to What’s Next.
I chose the name ‘Drift’ to reflect how the world appears to be moving sideways or even unravelling in an increasingly uncertain environment. ‘Signal’ represents my commitment to cutting through the noise to provide actionable insights for those ready to move in business, finance, and policy. With this change, I shifted away from a primarily European focus to adopt a global perspective, as the most critical developments today often transcend regional boundaries.
Since that reset, I have used Late-Cycle Investment Theory to explore a world that I believe is living through the structural equivalent of the 1970s for the age of computing and networks. My essays have traced the emergence of a New Industrial Order, where value is moving away from pure code toward the tangible systems that make productio…