Download PDF Introduction The yacht manufacturing industry occupies a unique position within the broader manufacturing sector, characterised by an extreme form of high-value, low-volume production where a single commission can reach hundreds of millions of euros. While this may resemble other advanced industrial sectors, the key distinction lies in the Read more…
Download PDF Introduction Beer has long been a quintessential part of British culture. However, rising living costs and growing health-consciousness have threatened this tradition. British pubs are disappearing rapidly, with numbers now at only a quarter of their 2001 levels. This decline in drinking and pubs has had a considerable Read more…
Download PDF USA March’s initial market regime is dominated by a sudden and aggressive return of geopolitical risk premiums and supply-side energy shocks. The American equity markets faced a period of pronounced defensive positioning this week, as the optimism that defined the early weeks of the year has been tempered Read more…
Download PDF Macro overview Can the world’s most privileged issuer face liquidity stress? The U.S. Treasury is considered the most stable market in the world, anchoring global pricing and liquidity conditions. However, 2026 poses an unprecedented challenge for the U.S. Treasury Department. A sizable maturity wall of $9.6tn, accounting for Read more…
Download PDF Executive Summary On February 28th and in the subsequent days the first wave of headlines were released: “Israel and the U.S. Strike Hundreds of Targets: Nuclear Sites and Missile Launchers Hit in the First Wave” – House of Commons Library. “IRGC Launches ‘Operation True Promise 4’: Hundreds of Read more…
Download PDF Introduction Revolut and Stripe were born within a decade of each other, yet both companies embody radically different visions of financial disruption. While one seeks to become a fully-fledged digital bank by replacing the primary customer relationship, the other one builds infrastructure, optimizing the rails of an already Read more…
Download PDF Technical analysis is often regarded with skepticism in academic finance. It is frequently associated with delusional day traders who attempt to extract signals from price charts, relying on patterns they believe can be visually identified in candlestick formations. Over time, a vast number of technical indicators have been Read more…
Download PDF Introduction One of the biggest concerns regarding participants in the market is volatility. Through the years there have been different ways to model volatility in the market, starting with Black-Scholes that assumes constant volatility. Multiple major models have been developed at the scope of modelling volatility as a Read more…
Download PDF Introduction Athleisure is the 21st century trend defined by the unique combination of athletic comfort and the fashion quotient of leisure apparel, creating a contemporary style of clothing. It mainly refers to apparel designed for athletic and fitness activities, as well as casual wear at workplaces or at Read more…
Download PDF USA US capital markets opened the week lower due to tariff uncertainty. The Supreme Court on Friday 20th ruled Trump’s use of International Emergency Economic Power Act (IEEPA) to enforce tariffs as illegal. The ruling overall appeared to be relatively priced in by the markets as Vix still Read more…
Download PDF Introduction For some simply a winter activity, the skiing business is one of the most structurally interesting and unique operations in the global leisure industry. Geographical scarcity, high cyclicality, weather dependency and capital intensity have motivated the once dispersed industry to consolidate in recent decades. Global players such Read more…
Download PDF Introduction Over the past decade, software became the number one business model for start-ups and the go-to solution for entrepreneurs chasing success. The asset-light business model characterized by recurring revenue and high operating leverage attracted investors from all over the financial markets. It was particularly attractive to private Read more…
Download PDF USA Following Monday’s bank holiday, U.S. equities posted solid gains through the remainder of the week. The S&P 500 advanced 1.06%, while the NASDAQ Composite outperformed with a 1.37% increase. The Dow Jones Industrial Average rose more modestly by 0.30%. The Russell 3000 Growth (+1.14%) outperformed the Russell Read more…
Download PDF Introduction “Let it grow, let it grow, let it grow” – The Lorax The fundamental idea behind every profit-seeking firm is to take an initial investment and multiply it. One of the first challenges any daring entrepreneur must face on their journey towards unicornhood is how to secure Read more…
Download PDF Introduction Law firms are traditionally structured such that senior attorneys operate within a partnership, ensuring they “maintain independence of judgement” and protect against any conflicts of interest. This principle is codified in Model Rule 5.4 of the American Bar Association (ABA), which prohibits the sharing of legal fees Read more…