AI and technology
Where I think AI and technology are actually heading, what they change, and what is worth building versus resisting.
Builder · Investor · Writer · Brain Researcher
I think in Principles
From the machinery of markets to the workings of the mind, I am drawn to how things truly work. The same search shapes the companies I build, the brain I study, and the words I write.
W.A.L.T · Whitehall · Amram Capital
New York Bar 1999
MSc Neuroscience, KCL
Credit Suisse · HSBC · Mirabaud
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Big picture
Worldview
Where I stand on the questions that sit underneath everything else. Strong opinions, loosely held, argued in public.
Macro and Positioning
How I read debt, currency, inflation, and the long arc of the credit cycle, and the tactical positions that thinking leads to.
Law & Politics
A lawyer by training, I passed the New York State Bar in 1999. That grounding still shapes how I read the way societies organise power, markets, and liberty, what gets the incentives right, what reliably fails, and where the rules quietly do the deciding.
Principles
A personal creed, deliberately capped at fifteen. Thirteen are written, two spots still open. The cap is the discipline, a new principle earns its place only by displacing a weaker one, so adding always means cutting. I would rather these be challenged than admired, so if you have a sharper one, or think one is wrong, tell me.
The creed
Read all thirteen in full
Practical
Markets & Ideas
The working side of the worldview, where I think capital is going and the trades that follow from it.
Investment Themes
THEMATIC POSITIONING · MID-2026Nine themes with multi-year duration and real capital behind them. The thesis, what has to be true, what breaks it, and how the exposure is expressed.
- IAI Infrastructure, Not AI PlatformsCompute, memory, power and the picks-and-shovels repricing
- IIPhysical AI and RoboticsThe next leg of the AI trade leaves the data centre
- IIIElectrification and Industrial MetalsCopper as the binding constraint
- IVThe Nuclear RenaissanceUranium: structural deficit meets a new class of buyer
- VEuropean Defence RearmamentA generational fiscal commitment, kept Europe-pure
- VIGold and Monetary DebasementAn anti-fiat position in a debt supercycle
- VIICritical Materials and Supply-Chain SovereigntyRare earths: the chokepoint the West cannot route around
- VIIIJapan ReawakeningGovernance reform, reflation and the end of cash-hoarding
- IXHealthcare and DemographicsDefensive growth ballast with a metabolic-medicine kicker
ETFs
RESEARCH UNIVERSE · 60+ FUNDSA working list of every ETF in my research universe, sorted by geography then sector, each with structure, holdings, and the thesis or risk worth knowing.
Open the ETF universeRobotics & Physical AI
INSTRUMENT LIST · FUNDS AND NAMESThe next leg of the AI trade leaves the data centre. The funds and single names mapped to the robotics theme, with how each expresses the thesis.
Open the robotics instrument listThese are my personal views, shared for discussion. They are not investment advice or a recommendation to buy or sell anything. Markets carry risk, including the loss of capital. Do your own work, or speak to a licensed adviser, before acting.
Neuroscience
The Brain
An MSc in Neuroscience from King's College London, and an ongoing obsession with how the mind actually runs.
How the brain works, and why it matters to me
MSC NEUROSCIENCE · KING'S COLLEGE LONDONI studied neuroscience because the same question sits under markets and behaviour, what makes a person decide, act, and repeat. The brain is the bridge between the big picture and the practical. Incentives, habits, and attention are not abstractions, they are circuits, and understanding the machinery changes how you read everything else.
What pulls me in most is dopamine, and how badly it is misunderstood. It is not the molecule of pleasure but of pursuit. It tracks the gap between what we expected and what we got, and it is the fluctuation, not the level, that makes us chase, repeat, or lose interest. In ADHD that signal runs differently, which is why the struggle is rarely a shortage of attention and more an inability to regulate it, and why a distant reward can feel almost invisible next to one that is right in front of you. The same lens reframes the idea of a brain imbalance as something subtler than a dial set too high or too low. It is a question of timing, circuits, and feedback across networks, most of which we are still only beginning to map.
My Research Papers
PAPERS · OPEN TO READ
Meditation, CBT, and Neural Plasticity: A Comparative Investigation of Non-Pharmacological ADHD Interventions
Attention is Necessary for Conscious Awareness: A Critical Evaluation
Mindfulness-Based Stress Reduction and Biological Stress Markers
Is There Too Much Medicine in Psychiatry? A Critical Evaluation
All Aggression is Learned: A Critical Evaluation
ADHD
FEATURED ESSAYLess a deficit than a different operating system. One name that fits everyone and describes no one. The presentations, the neuroscience of catecholamine tuning within frontostriatal networks, and how the medications actually work.
Read: ADHD, One Name for Many Different MindsReward, attention, triggers
APPLIEDThe applied side. How modern environments are built to spike and crash the dopamine system, and how you might design your days to work with it rather than against it.
Writing
Books
Longer arguments that did not fit anywhere else.
Out now · All proceeds to charity
A Letter to My Son
A father's letter to his son, and a journey of wisdom on how to live, what to hold onto, and what matters in the end. Every penny of the proceeds goes to charity.
What I build
Companies
The businesses I am behind, across lending technology, bridging finance, and capital.
W.A.L.T Technologies is a UK fintech behind W.A.L.T (Wise Automated Lending Technology), an AI-powered underwriting engine that turns days of manual lending analysis into a reasoned, fully audited decision in minutes. W.A.L.T uses multiple large language models to aggregate and cross-reference credit, valuation, and asset liquidity data, flagging the contradictions a human would miss. It is the only UK platform combining credit bureau consensus, multi-AVM cross-referencing, and Land Registry liquidity analysis in one engine, already live and processing real underwriting cases through a working lender. Beyond lenders, its Verify module delivers KYC, AML, and source of funds checks for brokers, valuers, estate agents, accountants, and lawyers.
Whitehall Lending is a Mayfair based specialist lender providing bridging, development, commercial and auction finance across England and Wales. Over 15 years it has lent more than £500 million against UK property, and since September 2017 its lending has generated a cumulative return of 112%, approaching 9% annualised, with no negative quarter. Decisions are made quickly, by the people who own the risk, without committee drag. Borrowers are typically entrepreneurs and property professionals who need capital fast, often where mainstream banks cannot or will not move. Whitehall competes on speed, certainty and underwriting judgment, and delivers on what it commits to.
Past performance is not a reliable indicator of future results. Returns stated are historic, unaudited in this summary, and relate to lending activity, not a regulated investment product. Capital at risk.
Amram Capital is a private investment office. For over a decade it operated as a regulated investment firm, advising high net worth individuals, family offices and institutions on strategy and asset allocation. In 2026 it returned its permissions and transformed into a private vehicle, investing its own capital rather than advising on other people's. The mandate is concentrated and conviction led: real assets, long duration themes and situations where patience is the edge. Amram co-invests and exchanges ideas with other family offices, but answers to no one. No clients, no committees, no quarterly noise. The discipline built over years of advising others is now applied to a single question, where should capital sit for the next decade.
Nothing here is an offer, invitation or investment advice. Amram Capital does not manage money for the public. Capital at risk.
Recognition
Talks & Press
Conference stages and coverage across private credit, wealth, and markets. For speaking enquiries: contact@abodenstein.com
Talks & Panels
SELECTED ENGAGEMENTS-
Nov 2025
Private Credit: Custom Capital for a Complex Market
DealCatalyst · Specialist Lender Finance, London
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May 2025
Preserving Wealth in a World of Dilution
STEP Conference
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Jun 2023
Predicting the Unpredictable: Keeping Up with Change
STEP Conference
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Jun 2019
The Future of Private Wealth
STEP Conference
In the Press
SELECTED COVERAGE“Name me one CEO who will wake up at midnight to help get a deal done. It’s unheard of and it made all the difference.”
Broker, quoted in Bridging & Commercial, 2025
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2025
Whitehall completes £1.8m bridging loan against two prime assets
Bridging & Commercial
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2022
Whitehall Capital and bridging loans: a connection made to last?
Private Banker International · Feature
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2022
UK loan provider lets investors tokenize their fund with Securitize
Cointelegraph, via Investing.com
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2022
Whitehall Capital puts private debt exposures on blockchain
Finextra · UK-first Securitize partnership
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2022
Whitehall Capital lends £15m in seven days
Bridging & Commercial
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2021
On institutional funding in the bridging market
Bridging & Commercial · Video interview
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2021
Bridging Loan Directory
Reach me
Connect
Find the work, the writing, and the way to get in touch.
Profiles
Agree, disagree, or think I have lost the plot entirely? I would like to hear it. Comments, corrections, and contrarian takes are all welcome.
Companies
Each business, one click away.
Stay updated
New essays across markets, AI, law, and the brain, sent occasionally. No noise, no list sharing.