Callum Newman examines the debt-fuelled empire of Sanjeev Gupta, the extraordinary valuation behind the Firmus AI float, and what both reveal about the risks building as the economic cycle turns. Are we approaching another financial reckoning?

Copper typically runs hard into the peak of the Land Cycle, but what happens as the cycle turns? Callum Newman examines the increasingly bullish copper story and the warning signs now appearing beneath it — from China and global inventories to tariffs, positioning and the AI-driven demand narrative. Is copper setting up for another leg higher, or could investors be looking in the wrong direction as the downturn approaches?

Is Berkshire Hathaway really America’s No. 1 retirement stock? Callum Newman examines Warren Buffett’s mistakes, Berkshire’s latest US housing bet, and what the 18-year land cycle could mean for investors as 2026 unfolds.