@charset "UTF-8";
:root{--page:#faf9f6;--surface:#fff;--ink:#242921;--muted:#777b72;--gold:#98742c;--gold-dark:#805e1d;--gold-soft:#f3eee2;--line:#e8e8e1;--green:#51715f;--serif:Georgia,'Times New Roman',serif;--sans:'Segoe UI',Arial,sans-serif;--radius:12px}
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svg{width:15px;height:15px}.button-primary{background:var(--ink);color:#fff;border-color:var(--ink)}.button-primary:hover{background:#41483b}.button-secondary{background:white;color:var(--ink)}.button-secondary:hover{background:var(--gold-soft);border-color:#daceb1}.section-head{display:flex;justify-content:space-between;align-items:flex-end;gap:20px;margin-bottom:22px}.section-head h2{margin:0}.section-head p{color:var(--muted);font-size:12px;margin:5px 0 0}.market-count{font-size:11px;color:var(--muted)}.market-toolbar{display:flex;justify-content:space-between;align-items:center;gap:20px;margin:0 0 25px}.search-field{border:1px solid var(--line);border-radius:7px;display:flex;align-items:center;gap:10px;background:#fff;padding:0 14px;width:360px;min-height:43px}.search-field svg{width:17px;height:17px;flex-shrink:0;color:#8a8d81}.search-field input{border:0;background:transparent;min-width:0;width:100%;padding:10px 0;outline:none;font-size:12px}.search-field:focus-within{outline:2px 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.chart-tools,.chart-controls{display:flex;align-items:center;gap:12px;flex-wrap:wrap}.range-buttons,.timeframe-buttons,.chart-ranges{display:flex;gap:4px}.range-buttons button,.timeframe-buttons button,.chart-ranges button,button[data-range]{background:transparent;border:0;border-radius:5px;padding:5px 10px;font-size:11px;color:var(--muted)}.range-buttons button.is-active,.timeframe-buttons button.is-active,.chart-ranges button.is-active,button[data-range][aria-pressed="true"]{background:var(--gold-soft);color:var(--gold-dark)}.icon-button{display:inline-flex;align-items:center;justify-content:center;width:31px;height:31px;border:1px solid var(--line);border-radius:5px;background:white;color:var(--muted)}.info-panel .eyebrow{margin-bottom:18px}.info-panel>p{font-size:12px;color:var(--muted);line-height:1.8}.detail-stats{display:grid;gap:0;margin-top:22px}.detail-stats div{display:flex;align-items:flex-start;justify-content:space-between;padding:12px 0;border-bottom:1px solid 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p{font-size:13px;color:var(--muted)}.prose{max-width:800px;line-height:1.9}.prose p{color:var(--muted)}.site-footer{background:#fff;border-top:1px solid var(--line)}.footer-inner{max-width:1264px;margin:auto;display:flex;justify-content:space-between;align-items:center;padding:31px 0;gap:20px}.footer-brand{font-family:var(--serif);letter-spacing:1px;font-size:19px}.footer-brand span{font-family:var(--sans);font-size:8px;letter-spacing:1.6px;margin-left:6px}.footer-inner p,.footer-inner>span{font-size:10px;color:var(--muted);margin:0}.footer-note{max-width:1264px;margin:auto;padding:17px 0 25px;border-top:1px solid #f1f1ec;font-size:10px;line-height:1.7;color:#989b91}.chart-modal{border:1px solid var(--line);border-radius:16px;padding:0;background:#fff;color:var(--ink);max-width:min(1100px,94vw);width:100%;box-shadow:0 24px 100px 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@media(min-width:1600px){#app{padding-top:73px}.feature-grid{min-height:330px;margin-bottom:52px}.market-card-link{padding-top:29px}.card-chart svg{height:108px}}
@media(max-width:1360px){#app{margin:0 40px}.footer-inner,.footer-note{margin:0 40px}.header-inner{padding:22px 40px}.main-nav a.is-active:after,.main-nav a[aria-current="page"]:after{bottom:-23px}}
@media(max-width:1000px){.header-caption{display:none}.main-nav{margin-left:0}.feature-grid{grid-template-columns:1fr 1.3fr}.feature-copy{padding:30px}.feature-copy h2{font-size:29px}.market-grid{grid-template-columns:repeat(2,minmax(0,1fr))}.detail-grid{grid-template-columns:minmax(0,1.7fr) minmax(235px,1fr)}.chart-panel,.info-panel{padding:20px}}
@media(max-width:700px){.header-inner{padding:18px 22px;flex-wrap:wrap;gap:15px}.brand-mark{width:32px}.brand-type strong{font-size:22px;letter-spacing:3px}.brand-type>span{font-size:7px;letter-spacing:1.8px;margin-top:6px}.main-nav{width:100%;gap:24px;justify-content:flex-start;border-top:1px solid #f0f0eb;padding-top:8px}.main-nav a{font-size:12px;padding:4px 0}.main-nav a.is-active:after,.main-nav a[aria-current="page"]:after{bottom:-18px}#app{margin:0 22px;padding:36px 0 46px}.page-intro{padding-bottom:25px}h1{font-size:38px;letter-spacing:-1px}.page-intro>p:not(.eyebrow){font-size:13px}.feature-grid{grid-template-columns:1fr;margin-bottom:32px}.feature-copy{padding:26px 25px 12px}.feature-copy h2{font-size:29px;margin-bottom:12px}.feature-copy p{max-width:none;margin-bottom:17px}.feature-copy:before{top:26px;bottom:18px}.featured-chart{padding:18px 20px 20px}.featured-chart>svg{max-height:220px}.section-head{align-items:center}.section-head h2{font-size:20px}.market-toolbar{flex-wrap:wrap;gap:13px;margin-bottom:20px}.search-field{width:100%;min-height:45px}.filter-tabs{width:100%;justify-content:space-between}.filter-tabs button{flex:1}.market-grid{gap:14px}.market-card-link{padding:20px 18px 13px}.asset-logo{width:35px;height:35px;font-size:17px}.asset-name h3,.asset-name{font-size:13px}.card-top{gap:9px}.watch-button{right:9px;top:20px;width:28px}.card-chart{margin:15px -5px 8px}.card-chart svg{height:80px}.card-bottom{font-size:9px;gap:5px}.card-bottom span:last-child{gap:2px}.detail-grid{grid-template-columns:1fr;gap:18px}.detail-heading{gap:12px;align-items:flex-start}.detail-heading h1{font-size:34px}.detail-heading .heading-identity,.detail-heading .detail-identity{gap:12px}.detail-heading .asset-logo{width:45px;height:45px}.detail-heading .watch-button{flex-shrink:0}.detail-tabs{gap:25px}.analysis-card{padding:24px}.analysis-grid,.about-columns{grid-template-columns:1fr}.archive-item{padding:18px;flex-wrap:wrap}.about-panel,.about-card{padding:26px}.footer-inner{margin:0 22px;flex-wrap:wrap;padding:25px 0 19px;gap:13px}.footer-inner>span{width:100%}.footer-note{margin:0 22px;font-size:9px;padding-bottom:21px}.chart-modal-inner{padding:18px}.modal-top h2{font-size:17px}.back-link{margin-bottom:23px}.detail-stats{margin-top:10px}}
@media(max-width:430px){.market-grid{grid-template-columns:1fr}.market-card-link{padding:23px 24px 16px}.asset-logo{width:40px;height:40px}.asset-name h3,.asset-name{font-size:15px}.watch-button{top:24px;right:17px}.card-chart svg{height:95px}.card-bottom{font-size:10px}.page-intro h1{font-size:35px}.main-nav{gap:23px}}
.sr-only{position:absolute;width:1px;height:1px;padding:0;margin:-1px;overflow:hidden;clip:rect(0,0,0,0);white-space:nowrap;border:0}.featured-company{display:flex;align-items:center;gap:9px;font-size:11px;letter-spacing:1px;margin:0 0 17px;font-weight:600}.featured-company .asset-logo{width:28px;height:28px;border-radius:7px;font-size:13px;background:#fdfcf8}.featured-company .ticker{margin-left:7px;font-size:9px;letter-spacing:.8px;font-weight:400}.feature-copy .section-kicker{margin-bottom:12px}.feature-copy h2{font-size:31px}.feature-copy p{margin-bottom:15px}.feature-tags{display:flex;gap:7px;flex-wrap:wrap;margin:0 0 20px}.feature-tags span{font-size:9px;border:1px solid #dfd7c4;border-radius:4px;padding:2px 7px;color:#8c7b55}.chart-kicker{font-size:9px;letter-spacing:1.4px;color:var(--gold);display:block;margin-bottom:6px}.chart-header{display:flex;align-items:center;justify-content:space-between;gap:15px}.chart-header h3{font-size:16px;margin:0}.chart-period{font-size:10px;color:var(--muted);white-space:nowrap}.chart-caption{display:flex;align-items:center;justify-content:space-between;font-size:9px;color:var(--muted);gap:10px;margin-top:8px}.chart-caption .chart-legend{margin:0;font-size:9px}.chart-legend i{display:none}.text-link{display:inline-flex;align-items:center;gap:8px;font-size:11px;font-weight:500;color:var(--gold-dark)}.text-link svg{width:15px;height:15px;flex-shrink:0}.text-link:hover{color:var(--ink)}.back-link>span svg{transform:rotate(180deg);width:15px;height:15px}.sample-badge{display:inline-flex;align-items:center;border:1px solid #e7ddc6;background:#fbf8f1;border-radius:4px;font-size:9px;color:var(--gold-dark);padding:4px 9px;line-height:1.6}.detail-heading-identity{display:flex;align-items:center;gap:19px}.asset-logo{color:var(--asset-color,var(--ink))}.asset-logo-large{width:61px;height:61px;font-size:26px}.asset-name{margin:0}.detail-heading-identity .eyebrow{margin-bottom:8px;font-size:9px;letter-spacing:1.6px}.detail-heading-identity .eyebrow:before{display:none}.detail-heading-actions{display:flex;align-items:center;gap:12px;flex-direction:row-reverse}.detail-heading-actions .watch-button{border-color:#dfd6c2}.watch-button svg{fill:none}.watch-button.is-active svg{fill:var(--gold)}.card-arrow svg{width:15px;height:15px}.range-tabs{display:flex;gap:3px;background:#f8f7f2;border:1px solid #eeece2;padding:3px;border-radius:6px}.range-tabs button{min-width:34px}.chart-unit{font-size:10px;color:var(--muted)}.chart-controls{justify-content:space-between;margin-top:20px}.info-panel>h2{margin-top:9px;margin-bottom:12px;font-family:var(--serif);font-size:24px}.info-panel .text-link{margin-top:13px}.company-facts{display:grid;gap:12px;max-width:650px;margin:24px 0;font-size:12px}.company-facts>div{display:grid;grid-template-columns:130px 1fr;gap:15px;border-top:1px solid var(--line);padding-top:12px}.company-facts dt{color:var(--muted)}.company-facts dd{margin:0}.analysis-intro{margin-bottom:24px}.analysis-intro .sample-badge{margin-bottom:14px}.analysis-intro h3,.archive-intro h3{font:normal 28px/1.3 var(--serif);margin-bottom:12px}.analysis-intro p,.archive-intro p{font-size:12px;color:var(--muted);max-width:750px;line-height:1.9}.analysis-cards{display:grid;grid-template-columns:1fr 1fr;gap:21px}.analysis-cards h3{font-size:17px;margin-top:13px}.analysis-cards p{margin-bottom:0}.archive-label{font-size:10px;color:var(--gold-dark);padding:4px 10px;border:1px solid #e7ddc6;border-radius:4px;background:#fbf8f1}.archive-intro{margin-bottom:23px}.philosophy-strip{display:grid;grid-template-columns:1.2fr 1fr auto;gap:45px;align-items:center;border-top:1px solid var(--line);margin:49px 0 0;padding-top:37px}.philosophy-strip h2{font:normal 26px/1.3 var(--serif);margin:10px 0 0}.philosophy-strip p{font-size:12px;line-height:1.9;color:var(--muted);margin:0}.philosophy-strip .text-link{white-space:nowrap}.empty-icon{display:flex;align-items:center;justify-content:center;color:var(--gold);margin:0 auto 15px}.empty-icon svg{width:26px;height:26px;fill:none}.empty-state h3{font:normal 26px/1.3 var(--serif);color:var(--ink);margin:0 0 13px}.about-grid{display:grid;grid-template-columns:1fr 1fr;gap:24px;margin-top:14px}.about-grid .analysis-card h2{font-size:26px;margin-top:15px}.about-grid .button{margin-top:13px}.chart-panel>.market-chart{margin:18px 0 0}.featured-chart>.market-chart{margin-top:18px}.section-head .section-kicker{display:block;margin-bottom:10px}
@media(max-width:1000px){.philosophy-strip{gap:25px;grid-template-columns:1.3fr 1fr}.philosophy-strip .text-link{grid-column:2}.feature-copy h2{font-size:28px}.chart-caption{font-size:8px}.detail-heading-actions{flex-direction:column;align-items:flex-end}}
@media(max-width:700px){.detail-heading-identity{gap:13px}.detail-heading-identity .asset-logo-large{width:47px;height:47px;font-size:22px}.detail-heading-identity .eyebrow{font-size:8px;margin-bottom:7px}.detail-heading-actions .sample-badge{display:none}.analysis-cards,.about-grid{grid-template-columns:1fr}.analysis-cards h3{margin-top:12px}.philosophy-strip{grid-template-columns:1fr;gap:18px;margin-top:31px;padding-top:26px}.philosophy-strip .text-link{grid-column:auto}.philosophy-strip h2{font-size:25px}.chart-header h3{font-size:14px}.chart-period{font-size:9px}.feature-copy h2{font-size:29px}.chart-caption{font-size:8px}.featured-company{margin-bottom:13px}.feature-tags{margin-bottom:17px}.section-head .section-kicker{font-size:8px;letter-spacing:1.5px}.section-head h2{font-size:18px}.company-facts>div{grid-template-columns:95px 1fr}}
.investment-feature{grid-template-columns:1fr 1.1fr}.investment-feature .feature-copy{padding:36px 38px}.investment-feature .feature-copy p{max-width:450px;margin-bottom:23px}.return-path{padding:36px 42px;border-left:1px solid #e8e0ce;background:#ffffff75}.return-path>h3{font:normal 24px/1.35 var(--serif);margin:12px 0 22px}.return-steps{margin:0 0 20px;padding:0;list-style:none;display:grid;gap:15px}.return-steps li{display:flex;align-items:flex-start;gap:15px}.return-steps li>span{font:normal 16px/1.4 var(--serif);color:var(--gold);min-width:25px}.return-steps strong{font-size:12px;font-weight:600}.return-steps p{font-size:11px;color:var(--muted);margin:3px 0 0;line-height:1.7}.card-summary{font-size:12px;color:var(--muted);line-height:1.8;margin:20px 0 19px;display:-webkit-box;-webkit-line-clamp:3;-webkit-box-orient:vertical;overflow:hidden;min-height:65px}.market-card .card-bottom{font-size:10px;gap:12px}.card-bottom .card-arrow{white-space:nowrap}.detail-thesis{background:linear-gradient(105deg,#f2eddf,#fdfcf8);border:1px solid #e5dcc9;border-left:3px solid var(--gold);border-radius:10px;padding:27px 32px;margin-bottom:27px}.detail-thesis h2{font:normal 29px/1.3 var(--serif);margin:9px 0 12px}.detail-thesis>p{max-width:960px;color:#64685d;font-size:14px;line-height:1.9;margin-bottom:15px}.detail-grid{align-items:start}.info-reminder{border-top:1px solid var(--line);margin-top:25px;padding-top:20px}.info-reminder strong{font-size:12px;font-weight:600}.info-reminder p{font-size:11px;line-height:1.8;color:var(--muted);margin:7px 0 0}.live-chart-frame{position:relative;height:440px;margin-top:21px;overflow:hidden;min-width:0;background:#fff;border:1px solid #f0f0ec;border-radius:6px}.live-chart-frame .tradingview-widget-container{height:100%;width:100%}.live-chart-frame .tradingview-widget-container__widget{height:100%;width:100%}.live-chart-frame iframe{width:100%;height:100%;display:block;border:0}.chart-loading{position:absolute;inset:0;display:flex;align-items:center;justify-content:center;gap:12px;color:var(--muted);font-size:12px;background:#fff;pointer-events:none;z-index:2}.chart-loading[hidden]{display:none}.chart-loading strong{font-size:13px;color:var(--ink);font-weight:500}.chart-unavailable .chart-loading{inset:auto 15px 15px;display:flex;flex-direction:column;align-items:flex-start;background:#faf9f6ed;border:1px solid var(--line);border-radius:7px;padding:14px;gap:4px;font-size:10px}.loading-ring{width:18px;height:18px;border:2px solid #e9e2d0;border-top-color:var(--gold);border-radius:50%;animation:chart-spin 1s linear infinite}@keyframes chart-spin{to{transform:rotate(360deg)}}.live-chart-caption{display:flex;align-items:center;justify-content:space-between;gap:12px;margin-top:12px;font-size:9px;color:var(--muted)}.live-chart-caption a{color:var(--gold-dark);white-space:nowrap}.chart-modal .live-chart-frame{height:min(62vh,620px);min-height:310px}.investment-columns{display:grid;grid-template-columns:1fr 1fr;gap:23px}.investment-columns .analysis-card{padding:29px}.investment-columns h3{font-size:19px;letter-spacing:-.3px;margin:12px 0 20px}.investment-list{list-style:none;margin:0;padding:0;display:grid;gap:13px}.investment-list li{font-size:12px;color:#6f7467;line-height:1.85;padding-left:16px;position:relative}.investment-list li:before{content:"";position:absolute;left:0;top:10px;width:4px;height:4px;background:var(--gold);border-radius:50%}.risk-card .investment-list li:before{background:#9a7866}.risk-card .section-kicker{color:#94745f}.scenario-section{margin:34px 0}.scenario-card{padding:25px 28px;border:1px solid var(--line);border-radius:10px;background:#fff}.scenario-direction{font-size:11px;font-weight:600;letter-spacing:.2px}.scenario-direction.positive{color:var(--green)}.scenario-direction.negative{color:#94745f}.scenario-card p{font-size:12px;line-height:1.9;color:#6f7467;margin:12px 0 0}.decision-panel{border:1px solid #e3ddcf;background:#f4f1e9;border-radius:10px;padding:30px;display:grid;grid-template-columns:1.4fr 1fr;gap:45px;margin:0 0 34px}.decision-panel h3{font:normal 26px/1.3 var(--serif);margin:9px 0 12px}.decision-panel h4{font-size:12px;font-weight:600;margin:3px 0 15px}.decision-panel p{font-size:12px;color:#6f7467;line-height:1.85;margin:0}.invalidation{border-top:1px solid #e2dac7;margin-top:20px;padding-top:16px}.invalidation strong{font-size:11px;font-weight:600}.invalidation p{font-size:11px;margin-top:7px}.research-sources{margin-top:28px;padding-top:23px;border-top:1px solid var(--line);font-size:10px;color:var(--muted)}.research-sources>div{display:flex;gap:17px;flex-wrap:wrap;margin:9px 0 12px}.research-sources a{color:var(--gold-dark);text-decoration:underline;text-underline-offset:3px}.research-sources p{font-size:10px;line-height:1.8;max-width:850px;margin:0}.scenario-calculator{background:white;border:1px solid var(--line);border-radius:12px;padding:30px}.calculator-heading{display:flex;align-items:flex-start;justify-content:space-between;gap:15px;margin-bottom:20px}.calculator-heading h2{font:normal 28px/1.3 var(--serif);margin:8px 0 10px}.calculator-intro{font-size:12px;color:var(--muted);line-height:1.8}.calculator-fields{display:grid;grid-template-columns:repeat(4,minmax(0,1fr));gap:15px;margin:23px 0}.calculator-fields label{display:flex;flex-direction:column;gap:8px;font-size:11px;color:#6e7367}.calculator-fields input{padding:11px 12px;border:1px solid var(--line);border-radius:6px;background:#fafaf7;color:var(--ink);width:100%;min-width:0;font-size:14px}.calculator-fields input[aria-invalid="true"]{border-color:#ba7c65;background:#fdf8f5}.calculator-fields input:focus{border-color:var(--gold)}.calculator-error{color:#98674e;background:#faf3ef;border:1px solid #eddbcf;border-radius:5px;padding:10px 13px;font-size:11px;line-height:1.6;margin:0 0 17px}.calculator-error[hidden]{display:none}.calculator-results{display:grid;grid-template-columns:repeat(4,minmax(0,1fr));gap:15px;padding:22px 0;border-top:1px solid var(--line);border-bottom:1px solid var(--line)}.calc-result{display:flex;flex-direction:column;align-items:flex-start;gap:8px;min-width:0}.calc-result>span,.calc-result dt{font-size:10px;color:var(--muted);line-height:1.6}.calc-result output{font:normal 24px/1.25 var(--serif);letter-spacing:-.5px;color:var(--ink);display:block}.calc-result small{font-size:10px;color:var(--muted)}.calc-result.positive output,.calc-result:first-child output{color:var(--green)}.calc-result.negative output,.calc-result:nth-child(2) output{color:#976e57}.calc-result dd{margin:0}.calculator-note{font-size:10px;line-height:1.85;color:var(--muted);margin:17px 0 0}.calculator-note p{margin:0 0 6px}.calculator-note strong{font-weight:500;color:#6c7164}.has-error .calc-result output{color:var(--muted)}
@media(max-width:1000px){.return-path{padding:30px}.investment-feature .feature-copy{padding:30px}.return-path>h3{font-size:22px}.decision-panel{gap:25px}.calculator-results{gap:12px}.calc-result output{font-size:20px}.live-chart-frame{height:430px}.calculator-fields{gap:12px}}
@media(max-width:700px){.investment-feature{grid-template-columns:1fr}.investment-feature .feature-copy{padding:27px 25px}.return-path{border-left:0;border-top:1px solid #e8e0ce;padding:26px 25px}.return-path>h3{font-size:23px}.return-steps{gap:17px}.card-summary{min-height:0;-webkit-line-clamp:4}.detail-thesis{padding:23px;margin-bottom:22px}.detail-thesis h2{font-size:26px}.detail-thesis>p{font-size:12px}.live-chart-frame{height:440px;margin-top:17px}.live-chart-caption{flex-wrap:wrap;gap:5px}.investment-columns{grid-template-columns:1fr;gap:15px}.investment-columns .analysis-card{padding:24px}.scenario-section{margin:27px 0}.scenario-section .section-head{align-items:flex-start;flex-direction:column;gap:12px}.scenario-section .section-head h2{font-size:23px}.decision-panel{grid-template-columns:1fr;gap:23px;padding:24px;margin-bottom:26px}.scenario-card{padding:23px}.calculator-heading{flex-direction:column}.calculator-heading h2{font-size:26px}.scenario-calculator{padding:24px}.calculator-fields{grid-template-columns:1fr 1fr;gap:15px}.calculator-results{grid-template-columns:1fr 1fr;gap:22px}.calc-result output{font-size:25px}.calculator-intro{font-size:11px}.detail-tabs{gap:24px}.detail-tabs button{font-size:12px}.chart-modal .live-chart-frame{height:65vh;min-height:320px}.research-sources>div{gap:10px 15px}}
.calculator-heading{display:grid;grid-template-columns:1fr auto;align-items:center;gap:10px 20px;margin-bottom:13px}.calculator-heading .section-kicker{grid-column:1/-1;margin-bottom:0}.calculator-heading h3{font:normal 28px/1.3 var(--serif);margin:0}.calculator-fields{border:0;padding:0;min-width:0}.calculator-results{margin:0}.calc-result output{font-size:22px;overflow-wrap:anywhere}.live-chart-caption{line-height:1.7}
@media(max-width:700px){.calculator-heading{grid-template-columns:1fr;gap:12px}.calculator-heading h3{font-size:26px}.calculator-heading .sample-badge{justify-self:start}.calc-result output{font-size:21px}.detail-heading-identity h1{font-size:34px}}
.calc-result dd{display:grid;gap:5px}.calc-result dd small{font:11px/1.5 var(--sans);letter-spacing:0}.calc-result:first-child small{color:var(--green)}.calc-result:nth-child(2) small{color:#976e57}
@media(prefers-reduced-motion:reduce){html{scroll-behavior:auto}*,*:before,*:after{transition:none!important;animation:none!important}}