Research
The full catalogue. Each paper opens as a standalone document.
A sector-by-sector map of the physical choke points behind the AI build-out — substrates, memory, lithography, process gases, power, cooling, and the grid — and the listed companies that gate each node.
An expert-network teardown of Adyen, the full-stack payments company: how one card tap becomes a unit of profit, why per-country licensing — not the rails — is the moat, and the take-rate compression that caps it.
An LSE micro-cap rare-earths developer decoded in plain English: Phalaborwa phosphogypsum economics, the suspended Gakara asset, cash runway and dilution, and a full risk register.pdf ↓
A 57-pair ratio map of US equity, credit, FX, commodity, and international flows over a one-year window.
Macro setup, supply and demand forces, fertiliser crisis, and six equity ideas positioned for an agricultural upcycle.
Forty-three simultaneous pair regressions resolving Palo Alto Networks' company alpha, sector beta, factor exposure, and macro tilt into one verdict.