Editorial library

Articles

Analysis of companies, macroeconomics, strategy and markets, with transparent assumptions and traceable sources.

Valuation

Why the premium over book value depends on value creation — and how DuPont analysis reveals what sustains ROE.

Oct 1, 20266 min

Digital Assets

How the asset rose despite a more hawkish Fed and elevated Treasury yields.

Sep 23, 20262 min

Commodities

Why geopolitics is reappearing in inflation, diesel prices and interest rates.

Sep 23, 20262 minPETR4, PRIO3, RECV3

Strategy

Markets, fiscal policy and perception — why politics has returned to the center of the Brazilian equity debate.

Sep 23, 20262 min

Geopolitics

Stockpiles, resilience and security of supply are back at the center of the debate.

Sep 23, 20262 min

Geopolitics

The new Arctic agreement shows that strategic competition is no longer merely rhetorical.

Sep 23, 20262 min