Notes on capital markets, IPOs, private credit, market structure, and the policy and technology shifts changing how investors think.
Why global investor appetite for Africa rarely turns into an actual allocationThe Appetite Is RealEvery investor conversation about Africa starts the same way. There is appetite. There…
For a long time, the basic assumption was simple. If a serious company wanted a serious public market listing, it would end up on the New…
Going Public on a Story: What Companies Promise Investors and What It Costs When the Market Stops Believing ThemWhy the argument you make on the way…
The macro commentary on private credit is useful. The company-level guidance is missing.The financial press has been circling private credit for months. The comparisons to 2008 are…
For VC-backed startups, public markets are serving up a tough reality checkThe First-Day Pop HangoverIn the world of venture-backed IPOs, first-day pops steal the spotlight. They make for…
The AI economy is not replacing professionals. It is sorting them. And the filter is more brutal than most people in advisory roles currently appreciate.The View…
Why today’s 0.6% S&P rally misses the deeper story: process risk, $150 billion in unresolved refund claims, and a Section 232 architecture that never went awayThis morning,…
Why Meeting Listing Requirements No Longer Guarantees a Nasdaq Ticker, and Why the Old Playbook Is DeadStructural shifts in listing standards signal the end of technical compliance…
A global baseline for what to watch, and why the real story is what happens after the headlineJanuary 6 is too early in the year for anyone…
Credibility, valuation, and the geography of risk in 2025This is the final part of a four-part series on capital, power, and credibility in 2025. The first essay…