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JANUARY 2026

The rock that can't move.

Somebody asked me what the company was called, at a dinner, and when I told him he laughed. Monolith. Like the thing that famously doesn't move. He wasn't being unkind and he wasn't wrong. A monolith is one piece of rock. It doesn't adapt, it has no moving parts, and it's famous for exactly one behaviour, which is standing there. Every book written about business in the last twenty years says the opposite. Be agile. Stay light. Iterate. I named it after the least flexible object in nature.

Grey is worse. Grey is the colour of not having decided. Nobody hires an advisor hoping for grey.

Immovable, and undecided. On paper it's the worst name available.

I should say plainly that I didn't reason my way to it. I liked how it sounded, and I've spent a while since working out why. Most naming stories are told backwards and mine is no exception. What follows is the part I actually believe now, arrived at in the wrong order.

Somewhere in the last two decades, agility stopped being a tactic and became a virtue.

It happened for a good reason. A specific kind of company, in a specific window, genuinely won by moving fast, and everyone else adopted the posture without checking whether they were in the same game. Now a plumbing business with eleven trucks has a pivot story.

But moving quickly is only an advantage when the ground is moving. If it isn't, agility is just expensive motion. It's the rebrand that changes nothing anyone outside the building can detect. It's the third new service line in two years, none of which the staff can explain to a customer. It's the software migration that eats a quarter. It's the pivot deck for a plumbing business with eleven trucks. All of it feels like progress from the inside, because motion and progress produce the same sensation, and only one of them turns up in the accounts.

The businesses I've come to care about are the ones sitting on ground that hasn't moved in fifty years. Dentists. Pest control. Insurance. Med spas. HVAC. Nobody writes about them because there's no story, and there's no story because nothing is happening, and nothing happening is the entire asset.

The thing that makes a business boring is usually the thing that makes it survive.

The honest objection is that this is survivorship talking. Plenty of dull industries have been quietly destroyed, and the people inside them also believed the ground was solid right up until it wasn't. Taxi medallions were a monolith. Local newspapers were a monolith.

That's a real hit and I don't have a clean answer. What I have is a distinction I use and can't fully defend. A business is durable when the need is physical, local, and recurring. Someone has to come to your house. Someone has to touch your face. Distance and hands are hard to route around. When those two things are missing, the ground is softer than it looks.

That rule wouldn't have saved a newspaper. It isn't a law. It's the best filter I've found and I hold it loosely.

Which brings me to grey, and to the other thing that gets sold too confidently.

Ask what a business is worth and you'll meet two kinds of people. One gives you a number immediately. The other tells you it depends, and then tells you exactly what it depends on, and how much each part moves it.

The first is more satisfying and almost always worse. A single confident figure is a sales device. It closes a conversation that should have stayed open, and the certainty is the product being sold, not the accuracy.

Grey isn't indecision. Grey is a range with named conditions, which is what an honest answer to a complicated question looks like. Black and white is faster. It's also usually a person who has decided that your comfort matters more than your outcome.

So the name is the argument, which I didn't know when I picked it.

Build the thing that doesn't need to move. Then be honest that what it's worth was never one number.

Everything worth owning is boring, and everything worth knowing is grey.
Brad Larmie
Scottsdale, Arizona