Research, not content.
We do not publish simply to fill a content calendar. We publish when we believe an investment question deserves serious examination.
Our research focuses on business quality, competitive advantage, management, capital allocation, market expectations, valuation and risk.
Recent analyses.
The Economics of a Dominant Marketplace
What sustains pricing power when a platform already captures most of its market's attention, and what AI, competition and litigation could change.
Testing the Economics of a Semiconductor Monopoly
Why an exceptional business can still become a less attractive investment once expectations rise.
Can Simplicity Become a Durable Competitive Advantage?
Testing whether a single software architecture can hold its ground as AI reshapes data-centre spending.
Commerce, Payments and the Economics of an Ecosystem
How a marketplace, a logistics network and a payments business reinforce one another across Latin America.
The Infrastructure Behind Global Money Movement
Low prices as a strategy: how scale and cost advantage compound in cross-border payments.
What Happens to a Moat When a Monopoly Ends?
Assessing the durability of an installed base as new competitors enter robotic surgery.
Identity as Infrastructure in an AI World
Whether an independent identity platform can become more valuable as software agents multiply.
Commerce Infrastructure and the Price of Optionality
What an exceptional platform must deliver to justify a demanding valuation.
Silver Cross Capital researches outstanding businesses, run by the right people, with a long runway to reinvest capital, bought at a sensible price.
Forthcoming research notes.
Portfolio construction
Where concentration risk hides inside a “diversified” ETF portfolio.
Management
What a rights issue tells you about management credibility.
Capital allocation
Reading an annual report for capital-allocation discipline, not just numbers.
Variant perception
Three questions to ask before any allocation.
Research and commentary are provided for information only. They are not a personal recommendation or an offer to buy or sell any investment. The author may hold positions in securities discussed. Capital is at risk. Past performance is not a reliable indicator of future results.