“Landlords love to reap where they never sowed.” – Adam Smith When Smith wrote those words in The Wealth of Nations, the global economy was barely recognisable compared to today. Industrialisation had yet to transform production, the modern financial system did…
The American environmental writer Edward Abbey delivered a stark critique of the capitalist system, expressing his frustration with human and corporate greed. “Growth for the sake of growth is the ideology of a cancer cell.” Hyperbolic, though it may be,…
The politics of scapegoating Capitalism has created immense prosperity and accelerated the general quality of life for the human race across the globe; it has helped reduce worldwide poverty, bred innovation, and ushered in an age of unprecedented technological and medical…
Why Options Matter If futures and swaps are about stabilising outcomes, options are about shaping them. They introduce something new into our toolkit: choice. An option gives you the right, but not the obligation, to make a trade in the…
In the second iteration of this derivatives course, we will fly past all the definitions we outlined in the introductory blog and now explore how derivatives are used to reduce risk. Essentially, in the first blog, we understood and oiled…
Introducing the series Derivatives sit at the heart of modern finance. They’re the reason risk can move from one balance sheet to another. Every structured product, swap, or exotic option ultimately rests on the same foundation: a relationship between a…
Why Does Political Philosophy Matter? Every economic model and financial instrument rests on an underlying moral assumption. When we talk about “free markets” or “efficiency,” we’re really debating fairness, freedom, and power, just in more polite language. Political philosophy is…
Introduction ‘Socialism always fails.’ We’ve heard the line before. In this final part, we keep asking the same question we set at the start – ‘Does socialism fail by design, or is it undermined by imperialism?’ Now we turn to…
From Primer to Practice In a previous Bullish Beginnings edition, The Rise of Private Credit, we provided an overview of the rapidly expanding private credit industry, outlining its eyewatering growth and associated risks. Now, we are going to go even…
Setting Us Up In our first iteration of this series, we explored how France and the US intervened in Burkina Faso under Thomas Sankara to overthrow the socialist state that had greatly improved the country’s quality of life and impose…
