стратегическоемышление

Price is the most noticeable parameter of an asset. It is the first thing that comes into view and often becomes the starting point for evaluation. However, for strategic thinking, this is the least informative indicator.
Key thought
The role of an asset in the system is more important than its current value, because it is the role that determines why the asset exists and whether it is needed in the long term.

Profitability is often perceived as the main indicator of asset quality. Charts, percentages, and historical results create a sense of objective assessment. But they rarely take into account the main thing — the ability to survive unfavorable periods.
Key idea
Survivability is more important than profitability, because only an existing asset can bring results in the future.

In investments, price targets are often perceived as a guideline. They create a sense of clarity and direction. But it is this very sense that often misleads.
Key idea
Strategists avoid price targets because price is not the basis for decision-making — it merely reflects the result of already established processes.

Infrastructure assets rarely become the center of attention. They do not provide bright stories and do not evoke strong emotions, which is why they often remain in the shadows of more prominent narratives.
Key thought
Infrastructure assets are undervalued because their value manifests in the functioning of the system, not in short-term price movements.

The market constantly transmits price fluctuations. They are visible, measurable, and easily interpreted as 'information'. But because of this, the price often becomes a source of noise rather than understanding.
Key idea
The price reflects short-term reactions, while the structure shows the direction and stability of the system.