Insights

Writing at the intersection of capital markets, corporate finance, and strategy, focused on valuation, cost of capital, capital allocation, and second order effects.

  • Capital Markets, Insight

The Periphery as Stress Test: Emerging Markets in the New Regime
  • Capital Markets

Capital Allocation After the Non-Pivot
  • Capital Markets, Macroeconomics, Policy, Second Order Effect

The Year the Second Order Effects Arrive