Research & Commentary
Kindling, Not the Match
Low volatility may look like resilience, but this piece argues that leverage, passive flows, systematic strategies, and conditional buybacks can quietly turn market calm into kindling.
Rewriting the Rulebook for Mega IPOs
A record cash pile may sound bullish, but this piece argues the better question is whether that cash is large enough relative to an equity market sitting near historical extremes.
Large Relative to What?
A record cash pile may sound bullish, but this piece argues the better question is whether that cash is large enough relative to an equity market sitting near historical extremes.
The Brain Was Never Built for This
Why investors so often buy high, sell low, and mistake instinct for wisdom—and how disciplined structure can help overcome the brain’s oldest financial blind spots.
The Cart Before the Horse
AI-driven markets are spending as though the future is already solved—but valuations, leverage, and concentration suggest the margin for error is shrinking.
Artificial Intelligence - What It Is, What It Can Do, and Where It Falls Short
What AI actually is.