Sep 16, 2026 · 6 min read
This week on Mechanics of Money: Brett Swarts
Why a founder’s exit can turn an owner into a lender, plus the investing blind spot that can survive a successful business sale.
Read the briefing →Silverman Capital presents
Mechanicsof Money
Stop guessing. Start underwriting.
The field guide for high earners becoming sophisticated allocators. Private markets, portfolio construction, tax strategy, and the incentives hiding underneath the headline return.
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From the archive
The latest thinking.
Sep 11, 2026 · 4 min read
How I Would Invest $1M Today
Why I use cash flow to fund a longer-term bet, and why more deals don’t always mean more diversification.
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Sep 10, 2026 · 6 min read
This week on Mechanics of Money: Andy Louis-Charles
Why a $100M franchise system is not $100M of franchisor revenue, plus the recurring service opportunity that can remain after a restaurant closes.
Read the briefing →What gets covered
Money is rarely lost in the headline.
Private markets
Waterfalls, preferred returns, roll-ups, private credit, and the terms that decide who gets paid first.
Capital allocation
Liquidity, concentration, asymmetric bets, and how to make a portfolio work in real life, not just in a spreadsheet.
Tax and incentives
The structures behind tax efficiency, operator behavior, and the gap between a projected return and a durable one.
Wealth behavior
The decisions that look irrational until you account for time, identity, optionality, and what money is actually for.
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