Paul Taubman

We're dealing with a war where energy prices have spiked. All of a sudden, commodity costs are through the roof... you're seeing choke points in the supply and transport of energy. The market is mispricing geopolitical tail risks. Ongoing global hostilities and supply chain choke points will maintain a structural bid under energy equities as supply remains constrained and transport costs rise. LONG energy producers as a hedge against mispriced geopolitical volatility and supply chain disruptions. A sudden peaceful resolution to global conflicts or a severe macroeconomic recession could cause a sharp drop in energy demand and prices.

M and A activity should increase because the world is speeding up. CEOs, boards of directors need to adapt... Scale matters increasingly. You need to onshore increasingly. Independent advisory firms will benefit from a massive secular tailwind as corporations are forced to restructure, vertically integrate, and onshore supply chains to survive. Furthermore, boutique firms using AI to enhance senior banker productivity will expand margins without needing to bloat their junior headcounts. LONG independent investment banks positioned to capture the inevitable return to high-volume, complex corporate dealmaking. Short-term geopolitical shocks and market volatility could delay the M&A pipeline, pushing revenue realization further into the future.

M and A activity should increase because the world is speeding up. CEOs, boards of directors need to adapt... Scale matters increasingly. You need to onshore increasingly. Independent advisory firms will benefit from a massive secular tailwind as corporations are forced to restructure, vertically integrate, and onshore supply chains to survive. Furthermore, boutique firms using AI to enhance senior banker productivity will expand margins without needing to bloat their junior headcounts. LONG independent investment banks positioned to capture the inevitable return to high-volume, complex corporate dealmaking. Short-term geopolitical shocks and market volatility could delay the M&A pipeline, pushing revenue realization further into the future.

We're dealing with a war where energy prices have spiked. All of a sudden, commodity costs are through the roof... you're seeing choke points in the supply and transport of energy. The market is mispricing geopolitical tail risks. Ongoing global hostilities and supply chain choke points will maintain a structural bid under energy equities as supply remains constrained and transport costs rise. LONG energy producers as a hedge against mispriced geopolitical volatility and supply chain disruptions. A sudden peaceful resolution to global conflicts or a severe macroeconomic recession could cause a sharp drop in energy demand and prices.

M and A activity should increase because the world is speeding up. CEOs, boards of directors need to adapt... Scale matters increasingly. You need to onshore increasingly. Independent advisory firms will benefit from a massive secular tailwind as corporations are forced to restructure, vertically integrate, and onshore supply chains to survive. Furthermore, boutique firms using AI to enhance senior banker productivity will expand margins without needing to bloat their junior headcounts. LONG independent investment banks positioned to capture the inevitable return to high-volume, complex corporate dealmaking. Short-term geopolitical shocks and market volatility could delay the M&A pipeline, pushing revenue realization further into the future.

We're dealing with a war where energy prices have spiked. All of a sudden, commodity costs are through the roof... you're seeing choke points in the supply and transport of energy. The market is mispricing geopolitical tail risks. Ongoing global hostilities and supply chain choke points will maintain a structural bid under energy equities as supply remains constrained and transport costs rise. LONG energy producers as a hedge against mispriced geopolitical volatility and supply chain disruptions. A sudden peaceful resolution to global conflicts or a severe macroeconomic recession could cause a sharp drop in energy demand and prices.