May 03
Singapore Exchange Ltd.(SGX: S68): First Principles Analysis
If you're coming from the First Principles Brief, you already know what SGX does and why the business
23 min read
Ryan Gallinera
My career is built at the intersection of structural thinking and visual clarity, and this perspective is the foundation of everything we do here.
Glavcot Insights is an independent, reader-supported publication.
Apr 07
Singapore Exchange Limited (S68.SI): The Exchange Is the Infrastructure
The One-Liner
Singapore Exchange does not compete for market share. It is the market. And it collects a toll on
14 min read
Mar 31
Centurion Accommodation REIT (8C8U.SI) : First Principles Analysis
If you're coming from the First Principles Brief, you already know what Centurion does and why the business
24 min read
Mar 30
Centurion Accomodation: Snapshot
The Snapshot distills the full First Principles Analysis into a single page — the central question the analysis is built around,
3 min read
Mar 18
Three Lessons from 126 Years of Market History
Equities outperformed not because they are traded more frequently, analysed more thoroughly, or held by smarter investors. They outperformed because they represent ownership stakes in productive businesses. Entities that generate earnings, reinvest capital, and compound value over time.
4 min read