There is a product sold in bank branches and insurance agencies across Singapore, Hong Kong, and Malaysia that financial advisors in the FIRE community have a specific name for: the most expensive mutual fund wrapper on the planet. It is called an Investment-Linked Insurance Policy, or ILP. It is sold aggressively. It is bought by […]
Every bank you deposit money in is quietly holding a financial cushion — engineered to absorb shocks so catastrophic that your savings don’t disappear when things go wrong. This is the story of how that system works, why it exists, and why it matters more than ever after 2008. The Problem That Capital Adequacy Solves
The IPO market is not random. Behind every boom and every bust is a traceable chain of causes — monetary policy, incentive misalignments, regulatory arbitrage, and capital market mechanics that reward specific behaviors at specific moments. Understanding these causal mechanisms matters more than tracking the numbers. This is the deep dive into the why. The
Why the IPO Market Moves in Cycles: A Causal Deep Dive (2020–2026) Read More »
