洞察

Insights

• 2026-03

  Structure

  Why the word "group" gets harder to write each year

  Multi-entity, multi-jurisdictional, multi-generational groups are giving way to a more restrained structure.

• 2026-02

  Quant

  Regime detection — a 14-year backtest revisited

  Why we use HMM, not the more fashionable deep models.

• 2026-01

  Succession

  A trust does not solve problems. It defers them.

  The actual limits of trust vehicles in succession, and how governance fills the gap.

— Full essays in progress —