Watson's Equity

Retail investors get price feeds. Institutional analysts get fair-value models. The two have never been the same product. That made sense in 2005 when DCF models lived in $24,000 Bloomberg terminals and required a Series 7 to read. It doesn't make sense in 2026, when the underlying math is well-documented and the compute is a Postgres query away. The gap between retail price feeds and institutional fair-value analysis shouldn't still exist. Watson's Equity is the version of that infrastructure I wanted to use myself.

The terminal takes any U.S. ticker and runs three valuations in parallel: a discounted cash flow model on the company's filings, a peer-multiples comparison against same-sector names, and a bull/base/bear scenario tree on forward revenue and margin assumptions. The output is a single fair-value estimate you can hold against the current price. Three view modes split the audience: Simple shows the price, the estimate, and a one-line takeaway; Standard exposes the inputs that drove the estimate so you can pressure-test the assumptions; Expert opens the full model — every cell, every input, every sensitivity dial — for analysts who want to do their own work on top of the terminal's. Simple and Standard are open access; Expert is in founders access. Built solo, in the same window as Watson's Media. Same operating principle: do the work, show the math.

The roadmap is about widening the audience without thinning the work. The Expert tier opens to the public once the next round of model audits is done — currently in founders access while assumptions get tested across edge cases. The coverage universe is U.S.-listed only today; international tickers, starting with the markets where the math behaves differently than the U.S. (Japan especially), are the next expansion. And the quarterly research thesis cadence holds: a deep-dive piece per quarter, published as a long-form post, with the same fair-value math the terminal runs. The first thesis — a Japanese small-cap framework — is already live there.