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Access the complete body of work from The Source, featuring in-depth analysis, expert perspectives, and strategic commentary at the intersection of geopolitics, finance, and technology. Our archive is fully searchable and organized by topic, making it easy to find the insights most relevant to your interests.
Discover also our Word of the Day series — concise explorations of key terms and concepts that illuminate the evolving language of global strategy, policy, and markets.
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Alpha Investing
"Alpha represents how much an investment’s actual return exceeded its expected return, based on its risk level. Alpha is used to evaluate...

The Source
Sep 21, 20241 min read


Credit Default Swap
"A CDS is the most highly utilized type of credit derivative. [...] a CDS is similar to an insurance contract, providing the buyer with...

The Source
Sep 20, 20241 min read


Economic Espionage
"Economic espionage is foreign power-sponsored or coordinated intelligence activity directed at the [...] government or [...]...

The Source
Sep 19, 20241 min read


Dead Hand Proxy Put
"Dead Hand Proxy Puts trigger default and immediate repayment of corporate indebtedness in the event that a dissident slate of...

The Source
Sep 18, 20241 min read


Repurchase Agreement
"In a repo, one party sells an asset [...] to another party at one price and commits to repurchase the same or another part of the same...

The Source
Sep 17, 20241 min read


Crown Jewel Defense
"The Crown Jewel Defense strategy in mergers and acquisitions (M&A) is when the target company of a hostile takeover sells its most...

The Source
Sep 16, 20241 min read


Decentralized Finance
"Decentralized Finance (DeFi) is a competitive, contestable, composable and non-custodial financial ecosystem built on technology that...

The Source
Sep 15, 20241 min read


The Liquid Future of Real Estate
Entering real estate transactions often implies an uncountable amount of time spent on research, analysis, discussions, evaluations, and...

Giordano Tomasini
Sep 14, 20245 min read


Quantitative Easing
"A form of monetary policy that is sometimes used to stimulate the economy when interest rates have already been reduced close to zero;...

The Source
Sep 14, 20241 min read


Sovereign Wealth Fund
"It’s simply a mechanism through which countries make investments. A pot of money – often derived from oil or other commodities – that is...

The Source
Sep 13, 20241 min read


Hedge Funds
"Hedge funds pool investors’ money and invest the money in an effort to make a positive return. Hedge funds typically have more flexible...

The Source
Sep 12, 20241 min read


Foreign Direct Investment
"Foreign direct investment (FDI) is a category of cross-border investment in which an investor resident in one economy establishes a...

The Source
Sep 11, 20241 min read


Shareholder Activism
"Shareholder activism is an undefined concept. In our view, it includes every shareholder in a listed company exercising their...

The Source
Sep 10, 20241 min read


Debt Trap Diplomacy
"Debt Trap Diplomacy (DTD) refers to a scenario in International Relations where countries with a powerful economic position and enormous...

The Source
Sep 9, 20241 min read


Third-Party Funding
"Third Party Funding (TPF) – also known as litigation funding or litigation finance – is a way for a claim holder or claimant in an...

The Source
Sep 8, 20241 min read


Leveraged Buyout
“An LBO is the acquisition of a target company financed by debt that is secured by the assets of the target company and paid with the...

The Source
Sep 7, 20241 min read


Cyber Risk
“By ‘cyber risk’ we mean any risk of financial loss, disruption or damage to the reputation of an organisation from some sort of failure...

The Source
Sep 6, 20241 min read


Poison Pills
“Shareholder rights plans, or poison pills, are widely known as one of the most effective defensive tactics firms can employ when facing...

The Source
Sep 5, 20241 min read


Cryptanalysis
“The analysis of encrypted messages; the steps or processes involved in converting encrypted messages into plain text without initial...

The Source
Sep 4, 20241 min read


Venture Capital
“Venture capital (VC) is a form of private equity that funds startups and early-stage emerging companies with little to no operating...

The Source
Sep 3, 20241 min read
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