The End of the CAC Arbitrage (?)
Perspective

The End of the CAC Arbitrage (?)

The CAC arbitrage that built the last generation of consumer brands is ending. This piece explores what comes next: manufacturing control, niche communities, AI-mediated discovery, and where value accrues when marketing becomes a commodity.

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AI with a Side of Fries
Perspective

AI with a Side of Fries

AI has become the dominant investment narrative, but food retail continues to offer stable, resilient returns supported by real economics rather than narrative momentum.

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