Bear Market Playbook: Decoding Recession Risk, Valuation Impact, and Style Leadership
Bear markets come in 2 flavors: Recessionary (deeper at -35%, longer at 18mo) & Non-recessionary (milder at -22%, shorter at 3mo). Knowing which you're in changes everything from drawdown expectations to recovery leadership.
GPT-5 Set the Stage for Ad Monetization and the SuperApp
OpenAI's GPT-5 strategy is really about monetizing its 700M+ free users. The router directing queries is laying groundwork for a consumer SuperApp that could bypass search engines.
How Consumer Surplus Impacts Pricing Power
How consumer surplus creates sustainable advantage through cost leadership or differentiation. And how companies like Costco and Starbucks maintain their edge, while others squander it by eliminating customer value.
Will Privatizing The Mortgage Giants Solve the Housing Crisis?
How a temporary control of the two GSEs turned into 17 years and will privatizing them actually help the U.S. housing crisis and home affordability issues?