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Insights
Stay informed with expert commentary on proxy contests, thought leadership, and other timely updates.
Market commentary
3
min read
Doing All the Right Things and Being Disastrously Wrong
Even stellar issuers can deliver disastrous bond returns when duration, rates, pricing, and sector risks are overlooked.
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Market commentary
7
min read
It's Not Over; Insatiable Demand
AI job-loss fears overlook insatiable demand; the harder question is how people will fund it.
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Market commentary
3
min read
We Have Liftoff
Tesla's Roadster demo lifts the brand, but open questions remain on specs and release, with implications for legacy firms and insurers.
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Case study
7
min read
Learning from Berkshire's mess: Ethan Allen
Buffett's textile lesson applied to Ethan Allen: why we recommend voting FOR all five DGB nominees on the WHITE card.
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Market commentary
2
min read
France on Fire; the Impact of a Possible Default
A leading French presidential candidate proposes cancelling the nation's debt, an effective default. What it could mean for investors.
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Case study
3
min read
Should He Stay or Should He Go? Shareholders Have Answered
Better Home & Finance shareholders backed founder Vishal Garg's consent solicitation, as Egan-Jones recommended.
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Market commentary
4
min read
Nipping at the Heels
Open-source software is gaining share from closed-source rivals, especially with consumers, while incumbents keep some lock-in.
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Market commentary
4
min read
Carved Up and Hollowed Out
AI is removing the overhead that kept professionals in large firms, pressuring the sponsors, lenders and shareholders behind them.
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Market commentary
7
min read
Suffering from Success: Poor Chinese Equity Returns
China outgrew the US, but competition handed the gains to workers and customers, not shareholders.
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Market commentary
8
min read
Keeping the Party Line on AI
Both parties’ mainstreams look set to keep backing the AI buildout, as they did pharma; the pushback comes from populists and the states.
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Market commentary
6
min read
It's Over
AI disruption is all but certain; professional services, venture capital and housing feel the first pressure.
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Market commentary
4
min read
Choked Petroleum Flows and the Impact on Investors
Houthi control of southwestern Yemen and strikes on the East-West Pipeline have choked Gulf crude exports, pushing Brent to $104.
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Market commentary
10
min read
An Unholy Alliance; The Emerging New World Order
Cheap missiles and drones have handed Shia-aligned groups the Middle East's oil chokepoints. The petrodollar order is unravelling.
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Market commentary
7
min read
A Genius Solution
France cannot tax, cut, or print its way out, so politicians propose having the central bank simply cancel the debt it already holds.
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Market commentary
3
min read
Doing All the Right Things and Being Disastrously Wrong
Even stellar issuers can deliver disastrous bond returns when duration, rates, pricing, and sector risks are overlooked.
Read post
Market commentary
4
min read
Preparing for the Coming Tsunami; Finding Safe Harbors
Rising debt and shifting industrial power may force painful adjustments, increasing the need for resilient assets and safe harbors.
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Market commentary
10
min read
Tricolor Early Indicators
Tricolor’s collapse shows how rising delinquencies, higher funding costs, and falling collateral values can signal credit risk.
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Market commentary
10
min read
MAD World; Private Assets and State-Level Risk
Cheap, long-range drones expose commercial assets, insurers, lenders and investors to rising strategic risk.
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Market commentary
10
min read
The financialization of the economy; an unconsidered vulnerability of the West
Financial power follows economic power; China’s rise could challenge U.S. market dominance and trigger major repricing.
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