A few weeks ago, in The Middle East Build-Up: What Investors Must Think About Now, we argued that investors did not need to predict war, they needed to prepare for its consequences. The core view was simple. If the US and Iran moved toward open conflict, oil would...
There is a persistent habit in markets of extrapolating yesterday’s winners indefinitely into tomorrow. For the better part of two decades, the United States has dominated capital formation, technology listings, consumer brands and financial innovation. It became...
There are moments in markets when the noise gets so loud that it becomes meaningless. Every data release is framed as decisive, every central bank utterance is dissected like scripture, and every price move is treated as either confirmation or catastrophe. Then there...
There are moments in markets where the noise becomes so loud, it drowns out common sense. Tariffs, geopolitics, inflation, central banks, and a US Congress with a taste for budgetary excess. And yet, despite all the reasons to panic, a certain type of company is...
