The Valuer continues.

This second issue is titled Water. Water moves through everything. It cuts, carries, adapts. It floods, sustains, recedes. It holds presence and force—always in motion.

Valuation today moves in similar ways. It crosses jurisdictions, asset classes, technologies, and time zones. Methods evolve alongside environments. And environments shape us through sensation as much as through form.

The sections in this issue—Currents, Depths, Flow, Tides, Droplets, Drift—offer patterns of movement. They reflect how valuation work expands, shifts, and responds.

As with Land, the voices here come from lived experience. These contributions are curated with intention, not formula. Each piece offers texture—some dense, some spare. Each carries a charge.

Water is a body of work. It moves as you move through it.

Welcome to The Valuer. Again.