:root {
  --bg: #f5f1e8;
  --paper: #fbf8f1;
  --ink: #171714;
  --muted: #6d685f;
  --line: #d8d1c4;
  --accent: #8a472f;
  --font-sans: Inter, ui-sans-serif, -apple-system, BlinkMacSystemFont, "Segoe UI", sans-serif;
  --font-serif: Georgia, "Times New Roman", serif;
  --max: 1120px;
  --reading: 920px;
}

* { box-sizing: border-box; }
html { scroll-behavior: smooth; }
body {
  margin: 0;
  background: var(--bg);
  color: var(--ink);
  font-family: var(--font-sans);
  line-height: 1.7;
  font-size: 17px;
}
a { color: inherit; text-decoration-thickness: 1px; text-underline-offset: 3px; }
a:hover { color: var(--accent); }
img { max-width: 100%; height: auto; display: block; }
.site-shell { width: min(calc(100% - 36px), var(--max)); margin: 0 auto; }
.site-header {
  padding: 22px 0;
  border-bottom: 1px solid var(--line);
  position: sticky;
  top: 0;
  z-index: 10;
  background: color-mix(in srgb, var(--bg) 94%, transparent);
  backdrop-filter: blur(10px);
}
.nav { display: flex; align-items: center; justify-content: space-between; gap: 24px; }
.wordmark {
  font-size: 15px;
  font-weight: 900;
  letter-spacing: .16em;
  text-decoration: none;
  white-space: nowrap;
}
.nav-links { display: flex; gap: 20px; font-size: 14px; color: var(--muted); }
.nav-links a { text-decoration: none; }
.hero { padding: 92px 0 62px; border-bottom: 1px solid var(--line); }
.hero h1 {
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(54px, 9vw, 118px);
  line-height: .88;
  letter-spacing: -.055em;
  margin: 0 0 28px;
  font-weight: 700;
}
.hero .dek {
  max-width: 780px;
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(24px, 3vw, 38px);
  line-height: 1.15;
  margin: 0 0 20px;
}
.hero .supporting { color: var(--accent); font-weight: 750; margin: 0; }
.tally-grid, .metric-grid {
  display: grid;
  grid-template-columns: repeat(4, 1fr);
  gap: 1px;
  background: var(--line);
  border: 1px solid var(--line);
  margin: 38px 0 0;
}
.tally-cell, .metric {
  background: var(--paper);
  padding: 22px;
  min-height: 116px;
}
.kicker {
  color: var(--muted);
  text-transform: uppercase;
  letter-spacing: .12em;
  font-size: 11px;
  font-weight: 800;
}
.metric strong, .tally-cell strong {
  display: block;
  font-family: Georgia, "Times New Roman", serif;
  font-size: 29px;
  line-height: 1.1;
  margin-top: 8px;
}
.section { padding: 62px 0; border-bottom: 1px solid var(--line); }
.section-head { display: flex; justify-content: space-between; gap: 20px; align-items: end; margin-bottom: 30px; }
.section h2 {
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(34px, 5vw, 58px);
  line-height: 1;
  letter-spacing: -.03em;
  margin: 0;
}
.section-intro { max-width: 620px; color: var(--muted); }
.card-list { border-top: 1px solid var(--line); }
.card {
  display: grid;
  grid-template-columns: 140px 1fr auto;
  gap: 24px;
  padding: 26px 0;
  border-bottom: 1px solid var(--line);
  align-items: start;
}
.card a { text-decoration: none; }
.card-title {
  font-family: Georgia, "Times New Roman", serif;
  font-size: 30px;
  line-height: 1.05;
  margin: 2px 0 10px;
}
.card-copy { color: var(--muted); max-width: 660px; }
.chip {
  display: inline-block;
  border: 1px solid var(--line);
  border-radius: 999px;
  padding: 3px 8px;
  font-size: 11px;
  text-transform: uppercase;
  letter-spacing: .1em;
  color: var(--muted);
}
.chip.draft { border-color: #b59358; color: #775c2a; }
.reading {
  width: min(calc(100% - 36px), var(--reading));
  margin: 0 auto;
  padding: 66px 0 90px;
}
.article-head { margin-bottom: 50px; }
.article-head h1 {
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(46px, 7vw, 82px);
  line-height: .98;
  letter-spacing: -.045em;
  margin: 8px 0 14px;
}
.article-head .subtitle {
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(24px, 3vw, 34px);
  line-height: 1.2;
  color: var(--muted);
  margin: 0;
}
.prose h2 {
  font-family: Georgia, "Times New Roman", serif;
  font-size: 36px;
  line-height: 1.08;
  letter-spacing: -.02em;
  margin: 58px 0 18px;
}
.prose h3 {
  font-size: 22px;
  line-height: 1.2;
  margin: 38px 0 14px;
}
.prose p { margin: 0 0 22px; }
.prose blockquote {
  margin: 34px 0;
  padding: 22px 24px;
  border: 1px solid var(--line);
  border-left: 4px solid var(--ink);
  background: var(--paper);
}
.prose blockquote p { margin: 0 0 8px; }
.prose blockquote p:last-child { margin-bottom: 0; }
.prose table {
  width: 100%;
  border-collapse: collapse;
  margin: 28px 0 34px;
  font-size: 14px;
}
.prose th, .prose td {
  border-bottom: 1px solid var(--line);
  text-align: left;
  padding: 11px 8px;
  vertical-align: top;
}
.prose th { font-size: 12px; text-transform: uppercase; letter-spacing: .06em; }
.prose th[style*="text-align:right"],
.prose td[style*="text-align:right"] {
  white-space: nowrap;
  min-width: 72px;
}
.prose pre {
  overflow-x: auto;
  padding: 18px;
  background: #ebe5da;
  border: 1px solid var(--line);
  font-size: 13px;
}
.prose code { font-size: .9em; }
.prose img {
  margin: 34px auto;
  border: 1px solid var(--line);
  background: var(--paper);
}
.callout {
  background: var(--ink);
  color: var(--bg);
  padding: 36px;
  margin: 42px 0;
}
.callout strong {
  display: block;
  font-family: Georgia, "Times New Roman", serif;
  font-size: 34px;
  line-height: 1.1;
}
.two-col { display: grid; grid-template-columns: 1fr 1fr; gap: 46px; }
.sleeves { display: grid; grid-template-columns: repeat(3, 1fr); gap: 16px; }
.sleeve { border: 1px solid var(--line); background: var(--paper); padding: 22px; }
.sleeve h3 { margin: 0 0 12px; font-family: Georgia, serif; font-size: 25px; }
.sleeve p { margin: 0; color: var(--muted); }
.sleeve .tickers { margin-top: 16px; font-weight: 700; letter-spacing: .03em; }
.site-footer { padding: 48px 0 70px; color: var(--muted); font-size: 14px; }
.site-footer strong { color: var(--ink); }
.footer-grid { display: flex; justify-content: space-between; gap: 30px; }
.small { font-size: 13px; color: var(--muted); }

@media (max-width: 780px) {
  body { font-size: 16px; }
  .nav { align-items: flex-start; }
  .nav-links { gap: 12px; flex-wrap: wrap; justify-content: flex-end; }
  .hero { padding-top: 65px; }
  .tally-grid, .metric-grid { grid-template-columns: 1fr 1fr; }
  .card { grid-template-columns: 1fr; gap: 8px; }
  .two-col, .sleeves { grid-template-columns: 1fr; }
  .footer-grid { display: block; }
}


/* Editorial polish */
:focus-visible {
  outline: 2px solid var(--accent);
  outline-offset: 4px;
}
.nav-links a {
  position: relative;
  padding-bottom: 4px;
}
.nav-links a[aria-current="page"] {
  color: var(--ink);
}
.nav-links a[aria-current="page"]::after {
  content: "";
  position: absolute;
  left: 0;
  right: 0;
  bottom: -3px;
  height: 1px;
  background: var(--accent);
}
.hero-topline {
  display: flex;
  justify-content: space-between;
  gap: 24px;
  margin-bottom: 34px;
  color: var(--muted);
}
.hero-date {
  font-size: 12px;
  letter-spacing: .05em;
  white-space: nowrap;
}
.hero-actions {
  display: flex;
  gap: 10px;
  flex-wrap: wrap;
  margin-top: 28px;
}
.button {
  display: inline-flex;
  align-items: center;
  justify-content: center;
  min-height: 44px;
  padding: 10px 16px;
  border: 1px solid var(--ink);
  text-decoration: none;
  font-size: 13px;
  font-weight: 800;
  letter-spacing: .03em;
}
.button:hover {
  background: var(--paper);
  color: var(--ink);
}
.button-dark {
  background: var(--accent);
  border-color: var(--accent);
  color: #fff;
}
.button-dark:hover {
  background: var(--ink);
  border-color: var(--ink);
  color: var(--bg);
}
.progress-wrap {
  max-width: 780px;
  margin-top: 36px;
}
.portfolio-progress {
  margin-top: 34px;
}
.progress-meta {
  display: flex;
  justify-content: space-between;
  gap: 18px;
  margin-bottom: 8px;
  font-size: 12px;
  font-weight: 800;
  letter-spacing: .08em;
  text-transform: uppercase;
}
.progress-track {
  height: 7px;
  background: #dfd8cd;
  overflow: hidden;
}
.progress-track span {
  display: block;
  height: 100%;
  background: var(--accent);
}
.card {
  transition: transform 160ms ease, border-color 160ms ease;
}
.card:hover {
  transform: translateX(4px);
}
.card:hover .card-title {
  color: var(--accent);
}
.back-link {
  display: inline-block;
  margin-bottom: 24px;
  color: var(--muted);
  text-decoration: none;
  font-size: 13px;
}
.back-link:hover { color: var(--ink); }
.prose {
  overflow-wrap: anywhere;
}
.prose > p:first-child {
  font-size: 1.03em;
}
.prose table {
  display: block;
  overflow-x: auto;
  max-width: 100%;
  white-space: normal;
}
.prose hr {
  border: 0;
  border-top: 1px solid var(--line);
  margin: 48px 0;
}
.footer-grid {
  display: grid;
  grid-template-columns: 1.2fr .8fr 1.4fr;
  align-items: start;
}
.footer-links {
  display: flex;
  flex-direction: column;
  gap: 6px;
}
.footer-links a {
  text-decoration: none;
}
.footer-note {
  text-align: right;
}
@media (max-width: 780px) {
  .site-header { padding: 16px 0; }
  .nav { gap: 14px; }
  .wordmark { font-size: 13px; letter-spacing: .12em; }
  .nav-links { font-size: 13px; }
  .hero-topline { display: block; margin-bottom: 24px; }
  .hero-date { display: block; margin-top: 6px; }
  .hero h1 { font-size: clamp(54px, 20vw, 82px); }
  .hero-actions { margin-top: 22px; }
  .button { flex: 1 1 150px; }
  .progress-wrap { margin-top: 28px; }
  .footer-grid { grid-template-columns: 1fr; gap: 24px; }
  .footer-note { text-align: left; }
  .prose table { font-size: 13px; }
}


/* Wider editorial canvas: titles/data can breathe without making prose exhausting */
.article-head,
.prose {
  width: 100%;
}

.prose > p,
.prose > ul,
.prose > ol,
.prose > blockquote {
  max-width: 790px;
}

.prose > h2,
.prose > h3 {
  max-width: 820px;
}

.prose > table,
.prose > pre,
.prose > img {
  max-width: 100%;
}

@media (min-width: 1100px) {
  .article-head h1 {
    font-size: clamp(54px, 5.3vw, 78px);
  }
}

@media (max-width: 780px) {
  .prose > p,
  .prose > ul,
  .prose > ol,
  .prose > blockquote,
  .prose > h2,
  .prose > h3 {
    max-width: 100%;
  }
}


/* Current-vs-historical portfolio system */
.current-strip {
  display: grid;
  grid-template-columns: auto auto 1fr;
  gap: 28px;
  align-items: end;
  margin-top: 30px;
  padding: 16px 0;
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
  text-decoration: none;
}
.current-strip > span { display: block; }
.current-strip strong {
  display: block;
  margin-top: 2px;
  font-family: Georgia, "Times New Roman", serif;
  font-size: 22px;
  line-height: 1.05;
}
.current-strip-date {
  justify-self: end;
  align-self: center;
  color: var(--muted);
  font-size: 12px;
}
@media (max-width: 620px) {
  .current-strip { grid-template-columns: 1fr 1fr; gap: 14px; }
  .current-strip-date { grid-column: 1 / -1; justify-self: start; }
}

/* Quiet orientation for dense pages */
.prose h2,
.prose h3 {
  scroll-margin-top: 110px;
}

.reading-layout {
  width: min(calc(100% - 36px), 1240px);
  margin: 0 auto;
  display: grid;
  grid-template-columns: minmax(0, 920px) 220px;
  gap: 58px;
  align-items: start;
}

.reading-layout .reading {
  width: 100%;
  margin: 0;
}

.reading-sidebar {
  position: sticky;
  top: 104px;
  padding-top: 78px;
  color: var(--muted);
}

.sidebar-block {
  padding: 0 0 22px;
  margin-bottom: 22px;
  border-bottom: 1px solid var(--line);
}

.sidebar-block:last-child {
  border-bottom: 0;
}

.sidebar-toc,
.sidebar-evergreen {
  display: flex;
  flex-direction: column;
  gap: 3px;
  margin-top: 10px;
}

.sidebar-toc a,
.sidebar-evergreen a {
  display: block;
  padding: 5px 0;
  color: var(--muted);
  font-size: 12px;
  line-height: 1.35;
  text-decoration: none;
}

.sidebar-toc a:hover,
.sidebar-evergreen a:hover {
  color: var(--ink);
}

.sidebar-evergreen a {
  font-weight: 650;
}

.calc-card {
  max-width: 720px;
  margin: 26px 0 32px;
  padding: 18px 20px;
  border: 1px solid var(--line);
  background: var(--paper);
}

.calc-row {
  display: grid;
  grid-template-columns: minmax(0, 1fr) auto;
  gap: 24px;
  padding: 5px 0;
  font-variant-numeric: tabular-nums;
}

.calc-row strong {
  font-weight: 700;
}

.calc-row.subtract {
  color: var(--muted);
}

.calc-rule {
  border-top: 1px solid var(--ink);
  margin: 8px 0 7px;
}

.calc-row.total {
  font-size: 1.05em;
}

.equation-card,
.formula-card {
  max-width: 790px;
  margin: 26px 0 32px;
  padding: 20px 22px;
  border: 1px solid var(--line);
  background: var(--paper);
  overflow-x: auto;
}

.equation-main,
.formula-main {
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(19px, 2.4vw, 25px);
  line-height: 1.5;
  white-space: nowrap;
  font-variant-numeric: tabular-nums;
}

.equation-main .operator {
  padding: 0 8px;
  color: var(--muted);
}

.formula-caption {
  margin-top: 8px;
  color: var(--muted);
  font-size: 12px;
}

.prose img {
  width: 100%;
}

@media (max-width: 1120px) {
  .reading-layout {
    width: min(calc(100% - 36px), var(--reading));
    display: block;
  }
  .reading-sidebar {
    display: none;
  }
}

@media (max-width: 780px) {
  .nav {
    display: block;
  }
  .wordmark {
    display: inline-block;
    margin-bottom: 11px;
  }
  .nav-links {
    flex-wrap: nowrap;
    overflow-x: auto;
    gap: 18px;
    padding-bottom: 3px;
    scrollbar-width: none;
  }
  .nav-links::-webkit-scrollbar {
    display: none;
  }
  .calc-row {
    gap: 12px;
  }
}


/* Technical-page width rebalance */
.reading-layout {
  width: min(calc(100% - 48px), 1360px);
  grid-template-columns: minmax(0, 1fr) 220px;
  gap: 44px;
}

.reading-layout .prose > p,
.reading-layout .prose > ul,
.reading-layout .prose > ol,
.reading-layout .prose > blockquote,
.reading-layout .prose > h2,
.reading-layout .prose > h3 {
  max-width: 840px;
}

.reading-layout .prose table {
  display: table;
  width: 100%;
  max-width: 100%;
  table-layout: auto;
}

.reading-sidebar {
  padding-top: 66px;
}

.sidebar-toc a,
.sidebar-evergreen a {
  font-size: 11.5px;
  line-height: 1.35;
  padding: 4px 0;
  overflow-wrap: anywhere;
}

@media (max-width: 1260px) {
  .reading-layout {
    width: min(calc(100% - 36px), var(--reading));
    display: block;
  }
  .reading-sidebar {
    display: none;
  }
  .reading-layout .prose table {
    display: block;
    width: 100%;
    overflow-x: auto;
  }
}


/* Newsletter signup */
.subscribe-block {
  width: min(calc(100% - 36px), var(--max));
  margin: 0 auto;
  padding: 54px 0;
  border-top: 1px solid var(--line);
  display: grid;
  grid-template-columns: minmax(0, 1fr) minmax(320px, 520px);
  gap: 54px;
  align-items: center;
}
.reading .subscribe-block {
  width: 100%;
  margin-top: 66px;
}
.subscribe-block h2 {
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(32px, 4vw, 48px);
  line-height: 1.02;
  letter-spacing: -.025em;
  margin: 8px 0 12px;
}
.subscribe-block p {
  color: var(--muted);
  max-width: 580px;
  margin: 0;
}
.subscribe-embed {
  min-width: 0;
}
@media (max-width: 780px) {
  .subscribe-block {
    grid-template-columns: 1fr;
    gap: 24px;
  }
}


/* Holdings dossiers */
.holding-snapshot {
  margin: -10px 0 48px;
  border: 1px solid var(--line);
  background: var(--paper);
}
.holding-snapshot-head,
.holding-snapshot-foot {
  display:flex;
  justify-content:space-between;
  gap:18px;
  align-items:center;
  padding:14px 18px;
}
.holding-snapshot-head { border-bottom:1px solid var(--line); }
.holding-snapshot-foot {
  border-top:1px solid var(--line);
  color:var(--muted);
  font-size:12px;
}
.holding-signal {
  font-size:11px;
  font-weight:800;
  letter-spacing:.08em;
  text-transform:uppercase;
}
.holding-snapshot-grid {
  display:grid;
  grid-template-columns:repeat(5,minmax(0,1fr));
}
.holding-metric {
  padding:18px;
  border-right:1px solid var(--line);
  min-width:0;
}
.holding-metric:last-child { border-right:0; }
.holding-metric strong {
  display:block;
  margin-top:6px;
  font-family:Georgia,"Times New Roman",serif;
  font-size:22px;
  line-height:1.08;
}
.holdings-index { padding-top:72px; }
.holdings-note {
  max-width:820px;
  margin:0 0 42px;
  padding:16px 18px;
  border-left:3px solid var(--ink);
  background:var(--paper);
  color:var(--muted);
}
.holdings-group-label { margin:42px 0 14px; }
.holding-grid {
  display:grid;
  grid-template-columns:repeat(3,minmax(0,1fr));
  gap:16px;
}
.holding-card {
  display:block;
  min-height:190px;
  padding:20px;
  border:1px solid var(--line);
  background:var(--paper);
  text-decoration:none;
}
.holding-card:hover { border-color:var(--ink); transform:translateY(-1px); }
.holding-card-top {
  display:flex;
  justify-content:space-between;
  gap:12px;
  align-items:center;
}
.holding-card .ticker {
  font-weight:900;
  letter-spacing:.08em;
  font-size:14px;
}
.holding-card h3 {
  margin:24px 0 14px;
  font-family:Georgia,"Times New Roman",serif;
  font-size:27px;
  line-height:1.05;
}
.holding-card-metrics {
  display:flex;
  flex-wrap:wrap;
  gap:8px 16px;
  color:var(--muted);
  font-size:13px;
}
.holding-card p {
  margin:18px 0 0;
  color:var(--muted);
  font-size:12px;
  text-transform:uppercase;
  letter-spacing:.06em;
}
.holding-card.watch { background:transparent; }
@media (max-width:920px) {
  .holding-snapshot-grid { grid-template-columns:repeat(2,minmax(0,1fr)); }
  .holding-metric { border-bottom:1px solid var(--line); }
  .holding-metric:nth-child(2n) { border-right:0; }
  .holding-metric:last-child { grid-column:1/-1; border-bottom:0; }
  .holding-grid { grid-template-columns:repeat(2,minmax(0,1fr)); }
}
@media (max-width:620px) {
  .holding-grid { grid-template-columns:1fr; }
  .holding-snapshot-grid { grid-template-columns:1fr; }
  .holding-metric,.holding-metric:nth-child(2n) { border-right:0; }
  .holding-metric:last-child { grid-column:auto; }
  .holding-snapshot-foot { display:block; }
  .holding-snapshot-foot span { display:block; margin-top:4px; }
}


/* Technical holding analysis */
.technical-analysis {
  margin: 0 0 56px;
  border-top: 4px solid var(--ink);
  border-bottom: 1px solid var(--line);
  padding: 28px 0 8px;
}
.technical-head,.tech-subhead {
  display:flex; justify-content:space-between; gap:28px; align-items:flex-start;
}
.technical-head h2,.tech-subhead h3 {
  font-family:Georgia,"Times New Roman",serif;
  margin:6px 0 0;
  letter-spacing:-.02em;
}
.technical-head h2 { font-size:clamp(30px,4vw,44px); }
.tech-subhead h3 { font-size:24px; }
.live-quote-box {
  min-width:190px; text-align:right; padding:12px 0;
}
.live-quote-box strong {
  display:block; font-family:Georgia,"Times New Roman",serif; font-size:34px; line-height:1;
}
.live-quote-box .small { display:block; margin-top:7px; color:var(--muted); font-size:11px; max-width:210px; }
.technical-kpis {
  display:grid; grid-template-columns:repeat(4,minmax(0,1fr)); margin:28px 0 0; border:1px solid var(--line);
}
.technical-kpis>div,.entry-grid>div,.allocation-grid>div {
  padding:17px; border-right:1px solid var(--line);
}
.technical-kpis>div:last-child,.entry-grid>div:last-child,.allocation-grid>div:last-child{border-right:0}
.technical-kpis strong,.entry-grid strong,.allocation-grid strong {
  display:block; margin-top:6px; font-family:Georgia,"Times New Roman",serif; font-size:21px; line-height:1.1;
}
.tech-subsection { padding:30px 0; border-top:1px solid var(--line); }
.entry-grid,.allocation-grid {
  margin-top:18px; display:grid; grid-template-columns:repeat(4,minmax(0,1fr)); border:1px solid var(--line);
}
.entry-grade {
  width:48px;height:48px;display:grid;place-items:center;border:1px solid var(--ink);
  font-family:Georgia,"Times New Roman",serif;font-size:28px;font-weight:800;
}
.entry-grade.great,.entry-grade.good { background:rgba(23,120,74,.08); }
.entry-grade.warn,.entry-grade.bad { background:rgba(180,45,45,.07); }
.positive{color:#147a4b!important}.negative{color:#b33535!important}
.model-summary { max-width:850px; color:var(--muted); margin:16px 0 18px; }
.model-formula {
  max-width:850px; padding:14px 16px; border-left:3px solid var(--ink); background:var(--paper);
  font-family:ui-monospace,SFMono-Regular,Menlo,monospace; font-size:13px; margin-bottom:20px;
}
.model-type { color:var(--muted); font-size:11px; text-transform:uppercase; letter-spacing:.07em; font-weight:750; padding-top:7px; }
.scenario-table-wrap { overflow-x:auto; }
.scenario-table { width:100%; border-collapse:collapse; font-size:13px; }
.scenario-table th {
  text-align:left; font-size:10px; text-transform:uppercase; letter-spacing:.08em; color:var(--muted);
  padding:10px 12px; border-bottom:1px solid var(--ink);
}
.scenario-table td { padding:14px 12px; border-bottom:1px solid var(--line); vertical-align:top; }
.scenario-table td:nth-child(3),.scenario-table td:nth-child(4){white-space:nowrap;font-variant-numeric:tabular-nums}
.tech-note { color:var(--muted); font-size:11px; line-height:1.5; margin:14px 0 0; max-width:900px; }
.quote-note { margin-left:auto; }
.holding-card-quote { margin-top:18px; display:flex; align-items:baseline; gap:8px; }
.holding-card-quote strong { font-family:Georgia,"Times New Roman",serif; font-size:24px; }
@media (max-width:900px){
  .technical-kpis,.entry-grid,.allocation-grid{grid-template-columns:repeat(2,minmax(0,1fr))}
  .technical-kpis>div:nth-child(2n),.entry-grid>div:nth-child(2n),.allocation-grid>div:nth-child(2n){border-right:0}
  .technical-head,.tech-subhead{display:block}
  .live-quote-box{text-align:left}
}
@media (max-width:620px){
  .technical-kpis,.entry-grid,.allocation-grid{grid-template-columns:1fr}
  .technical-kpis>div,.entry-grid>div,.allocation-grid>div{border-right:0;border-bottom:1px solid var(--line)}
  .technical-kpis>div:last-child,.entry-grid>div:last-child,.allocation-grid>div:last-child{border-bottom:0}
}

/* Position history */
.position-history { margin:0 0 56px; padding:30px 0 36px; border-top:1px solid var(--ink); border-bottom:1px solid var(--line); }
.position-history h2 { font-family:Georgia,"Times New Roman",serif; font-size:clamp(28px,3.4vw,40px); line-height:1.06; letter-spacing:-.02em; margin:6px 0 0; max-width:760px; }
.history-total { text-align:right; min-width:150px; }
.history-total strong { display:block; margin-top:6px; font-family:Georgia,"Times New Roman",serif; font-size:26px; }
.small-inline { font-size:.62em; color:var(--muted); font-family:inherit; }
.position-table td:nth-child(3),.position-table td:nth-child(4),.position-table td:nth-child(5),.position-table td:nth-child(6){white-space:nowrap;font-variant-numeric:tabular-nums}
@media (max-width:700px){.history-total{text-align:left;margin-top:18px}}

/* Holding discussions */
.discussion-block {
  margin:64px 0 12px;
  padding:34px 0 10px;
  border-top:3px solid var(--ink);
}
.discussion-head { max-width:720px; margin-bottom:24px; }
.discussion-head h2 {
  font-family:Georgia,"Times New Roman",serif;
  font-size:clamp(30px,4vw,44px);
  line-height:1.04;
  margin:7px 0 10px;
  letter-spacing:-.02em;
}
.discussion-head p { color:var(--muted); margin:0; }


/* Holding pages: narrative first, numbers second */
.holding-layout { align-items:start; }
.holding-page .article-head { margin-bottom:34px; }
.holding-section {
  scroll-margin-top:110px;
  padding:44px 0;
  border-top:1px solid var(--line);
}
.holding-intro-section { padding-top:0; border-top:0; }
.holding-section > h2,
.section-title-row h2 {
  font-family:Georgia,"Times New Roman",serif;
  font-size:clamp(34px,4vw,48px);
  line-height:1.03;
  letter-spacing:-.025em;
  margin:7px 0 24px;
  max-width:820px;
}
.company-brief {
  max-width:820px;
  margin:0 0 24px;
  padding:18px 20px;
  border-left:3px solid var(--ink);
  background:var(--paper);
}
.company-brief p {
  margin:7px 0 0;
  font-family:Georgia,"Times New Roman",serif;
  font-size:22px;
  line-height:1.4;
}
.holding-lead {
  margin-bottom:42px;
}
.holding-lead p {
  font-size:1.12em!important;
  line-height:1.75;
}
.section-title-row {
  display:flex;
  justify-content:space-between;
  gap:28px;
  align-items:flex-start;
}
.entry-scorecard,
.allocation-framework {
  margin:24px 0 30px;
}
.scenario-analysis { margin-top:26px; }
.scenario-graphic {
  width:100%;
  margin:24px 0 30px;
  border:1px solid var(--line);
  background:#faf8f3;
  overflow:hidden;
}
.scenario-graphic svg {
  display:block;
  width:100%;
  height:auto;
}
.capital-allocation-grid {
  display:grid;
  grid-template-columns:1fr 1fr;
  gap:18px;
}
.capital-card {
  padding:22px;
  border:1px solid var(--line);
  background:var(--paper);
}
.capital-card h3 {
  font-family:Georgia,"Times New Roman",serif;
  font-size:26px;
  line-height:1.1;
  margin:7px 0 14px;
}
.capital-card p { margin:0; }
.holding-narrative { margin-top:28px; }
.holding-sources { margin-top:42px; padding-top:24px; border-top:1px solid var(--line); }
.position-history { margin-bottom:0; }
.position-history h3 {
  font-family:Georgia,"Times New Roman",serif;
  font-size:clamp(26px,3vw,36px);
  line-height:1.08;
  margin:6px 0 0;
  max-width:760px;
}
.holding-page .holding-snapshot { margin:0 0 28px; }
.holding-page .technical-kpis { margin-top:0; }
.holding-page .reading-sidebar { padding-top:126px; }

@media (max-width:900px){
  .capital-allocation-grid{grid-template-columns:1fr}
  .section-title-row{display:block}
  .section-title-row .live-quote-box{text-align:left;margin-top:12px}
}


/* Scenario math should read like the BRBR model, not a broken textbook equation */
.horizon-note,
.model-bridge {
  max-width: 860px;
  margin: 18px 0;
  padding: 14px 16px;
  border-left: 3px solid var(--ink);
  background: var(--paper);
  color: var(--muted);
  font-size: 13px;
  line-height: 1.55;
}
.model-bridge {
  color: var(--ink);
  font-family: ui-monospace, SFMono-Regular, Menlo, Consolas, monospace;
}
.entry-read { font-size: 19px !important; }
.entry-read.great,.entry-read.good { color: #24713a; }
.entry-read.warn,.entry-read.bad { color: #a3362b; }


/* Deeper holding articles */
.fundamentals-block { margin:38px 0 10px; padding-top:28px; border-top:1px solid var(--line); }
.fundamental-grid { display:grid; grid-template-columns:repeat(3,minmax(0,1fr)); border:1px solid var(--line); margin-top:18px; }
.fundamental-metric { padding:18px; min-height:104px; border-right:1px solid var(--line); border-bottom:1px solid var(--line); }
.fundamental-metric:nth-child(3n) { border-right:0; }
.fundamental-metric strong { display:block; margin-top:7px; font:700 25px/1.05 Georgia,"Times New Roman",serif; }
.fundamental-metric > span:last-child:not(.kicker) { display:block; margin-top:7px; color:var(--muted); font-size:11px; }
.inline-sources,.related-reading { font-size:12px; color:var(--muted); margin:14px 0 0; }
.inline-sources a,.related-reading a { color:var(--ink); text-decoration:underline; text-underline-offset:3px; }
.related-reading { margin:20px 0 0; padding:14px 0; border-top:1px dotted var(--line); border-bottom:1px dotted var(--line); }
.buy-band-block { margin:28px 0 34px; padding:22px; border:1px solid var(--line); background:var(--paper); }
.band-state { font-size:11px; font-weight:800; text-transform:uppercase; letter-spacing:.07em; border:1px solid var(--line); padding:7px 9px; white-space:nowrap; }
.band-state.passed { color:var(--muted); }
.buy-band-table td:nth-child(2),.buy-band-table td:nth-child(3),.buy-band-table td:nth-child(4){white-space:nowrap;font-variant-numeric:tabular-nums}
.evidence-framework p { max-width:820px; margin-bottom:0; }
.retired-model-note,.passed-decision { margin:24px 0; padding:18px 20px; border-left:3px solid var(--ink); background:var(--paper); color:var(--muted); }
.passed-decision p { margin:7px 0 0; font-family:Georgia,"Times New Roman",serif; font-size:20px; line-height:1.45; color:var(--ink); }
.holding-group { margin:56px 0 0; }
.holding-group-head { max-width:820px; margin-bottom:18px; }
.holding-group-head h3 {
  margin:0;
  font:700 clamp(25px,3vw,32px)/1.05 Georgia,"Times New Roman",serif;
  letter-spacing:-.02em;
}
.holding-group-head p {
  max-width:720px;
  color:var(--muted);
  margin:8px 0 0;
  font-size:15px;
  line-height:1.55;
}
.holding-card.passed { background:transparent; border-style:dashed; }
.holding-card.passed .chip { color:var(--muted); }
@media(max-width:900px){.fundamental-grid{grid-template-columns:repeat(2,minmax(0,1fr))}.fundamental-metric:nth-child(3n){border-right:1px solid var(--line)}.fundamental-metric:nth-child(2n){border-right:0}}
@media(max-width:620px){.fundamental-grid{grid-template-columns:1fr}.fundamental-metric,.fundamental-metric:nth-child(2n),.fundamental-metric:nth-child(3n){border-right:0}}


/* More explanation before the charts */
.holding-explainer {
  max-width: 860px;
  margin: 28px 0;
  padding: 20px 22px;
  border-left: 3px solid var(--ink);
  background: var(--paper);
}
.holding-explainer p {
  margin: 8px 0 0;
  font-family: Georgia,"Times New Roman",serif;
  font-size: 20px;
  line-height: 1.55;
}
.valuation-explainer { margin-bottom: 30px; }

/* BRBR-style model bridge: assumptions first, output last */
.base-case-walkthrough {
  max-width: 760px;
  margin: 24px 0 30px;
  padding: 20px;
  border: 1px solid var(--line);
  background: var(--paper);
}
.model-input-table {
  width: 100%;
  border-collapse: collapse;
  margin: 12px 0 14px;
}
.model-input-table td {
  padding: 9px 0;
  border-bottom: 1px solid var(--line);
}
.model-input-table td:last-child {
  text-align: right;
  white-space: nowrap;
}
.model-input-table .model-output td {
  border-top: 2px solid var(--ink);
  border-bottom: 0;
  padding-top: 13px;
}
.base-case-walkthrough p { margin: 10px 0 0; color: var(--muted); }

/* Capital allocation scoring */
.capital-score {
  margin: 0 0 28px;
  padding: 22px;
  border: 1px solid var(--line);
  background: var(--paper);
}
.capital-score-head {
  display: grid;
  grid-template-columns: 210px 1fr;
  gap: 24px;
  align-items: end;
}
.capital-score-head strong {
  display: block;
  margin-top: 5px;
  font: 700 46px/1 Georgia,"Times New Roman",serif;
}
.capital-score-head strong span { font-size: 20px; color: var(--muted); }
.capital-score-head p { margin: 0; font: 700 21px/1.25 Georgia,"Times New Roman",serif; }
.capital-score-grid {
  display: grid;
  grid-template-columns: repeat(5,minmax(0,1fr));
  margin-top: 20px;
  border: 1px solid var(--line);
}
.capital-score-grid > div {
  padding: 12px;
  border-right: 1px solid var(--line);
}
.capital-score-grid > div:last-child { border-right: 0; }
.capital-score-grid span { display:block; color:var(--muted); font-size:10px; text-transform:uppercase; letter-spacing:.06em; }
.capital-score-grid strong { display:block; margin-top:6px; font-size:15px; }
.capital-score-reason { max-width: 860px; margin: 16px 0 0; line-height: 1.6; }
.capital-score .tech-note a { color:var(--ink); text-decoration:underline; text-underline-offset:3px; }

@media(max-width:900px){
  .capital-score-grid{grid-template-columns:repeat(2,minmax(0,1fr))}
  .capital-score-grid>div:nth-child(2n){border-right:0}
  .capital-score-head{grid-template-columns:1fr}
}
@media(max-width:620px){
  .capital-score-grid{grid-template-columns:1fr}
  .capital-score-grid>div{border-right:0;border-bottom:1px solid var(--line)}
}


/* Quiet signup available everywhere */
.subscribe-global {
  max-width: 1120px;
  margin: 44px auto 0;
  padding: 24px 28px;
  display: grid;
  grid-template-columns: minmax(0,1fr) minmax(300px,460px);
  gap: 28px;
  align-items: center;
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}
.subscribe-global h2 { margin: 5px 0 4px; font-size: 25px; }
.subscribe-global p { margin: 0; max-width: 560px; font-size: 13px; color: var(--muted); }
.subscribe-global .subscribe-embed { min-height: 46px; }

/* Clickable allocation donut */
.portfolio-donut-wrap {
  display: grid;
  grid-template-columns: minmax(280px,420px) minmax(320px,1fr);
  gap: 52px;
  align-items: center;
  margin-top: 22px;
}
.portfolio-donut svg { width:100%; height:auto; overflow:visible; }
.donut-link path { transition: opacity .15s ease, filter .15s ease; cursor:pointer; stroke:var(--bg); stroke-width:2; }
.donut-link:hover path,.donut-link:focus path { opacity:.78; filter:brightness(.92); }
.donut-link.donut-0 path,.donut-swatch.donut-0 { fill:#171717; background:#171717; }
.donut-link.donut-1 path,.donut-swatch.donut-1 { fill:#575249; background:#575249; }
.donut-link.donut-2 path,.donut-swatch.donut-2 { fill:#968d7d; background:#968d7d; }
.donut-link.donut-3 path,.donut-swatch.donut-3 { fill:#d2c8b8; background:#d2c8b8; }
.donut-center-big { font:700 35px Georgia,"Times New Roman",serif; fill:var(--ink); }
.donut-center-small { font-family:var(--font-sans); font-size:10px; font-weight:700; letter-spacing:.12em; text-transform:uppercase; fill:#777; }
.donut-legend { border-top:1px solid var(--line); }
.donut-legend-row {
  display:grid;
  grid-template-columns:14px 1fr 64px 74px;
  gap:12px;
  align-items:center;
  padding:15px 0;
  border-bottom:1px solid var(--line);
  text-decoration:none;
  color:var(--ink);
}
.donut-legend-row:hover span:nth-child(2) { text-decoration:underline; text-underline-offset:3px; }
.donut-swatch { width:11px; height:11px; border-radius:50%; display:block; }
.donut-legend-row strong,.donut-legend-row small { text-align:right; font-variant-numeric:tabular-nums; }
.chart-note { color:var(--muted); font-size:11px; max-width:860px; margin-top:18px; }

/* Raw execution history */
.history-intro { max-width:860px; color:var(--muted); line-height:1.6; margin:0 0 16px; }
.activity-type { display:inline-block; min-width:62px; font-size:10px; font-weight:800; text-transform:uppercase; letter-spacing:.06em; }
.activity-sell { color:#8c332a; }
.activity-reinvest { color:#59614f; }
.activity-fee { color:var(--muted); }

/* Quarter preview */
.quarterly-preview { border-bottom:1px solid var(--line); }
.quarterly-preview .callout a { color:#fff; }

/* Sidebar stays terse */
.sidebar-toc a { line-height:1.3; }

/* Performance first-window emphasis */
.prose h2#ytd-start-here { margin-top:30px; }

@media(max-width:900px){
  .subscribe-global,.portfolio-donut-wrap{grid-template-columns:1fr}
  .subscribe-global{margin-left:18px;margin-right:18px}
}
@media(max-width:620px){
  .donut-legend-row{grid-template-columns:14px 1fr 56px}
  .donut-legend-row small{display:none}
}


/* Portfolio sleeve drilldown */
.sleeve-detail-grid {
  display:grid;
  grid-template-columns:repeat(2,minmax(0,1fr));
  gap:18px;
}
.sleeve-detail-card {
  border:1px solid var(--line);
  background:var(--paper);
  scroll-margin-top:92px;
}
.sleeve-detail-head {
  display:grid;
  grid-template-columns:1fr auto;
  gap:18px;
  align-items:start;
  padding:22px 22px 18px;
  border-bottom:1px solid var(--line);
}
.sleeve-detail-head h3 {
  margin:4px 0 8px;
  font:700 27px Georgia,"Times New Roman",serif;
}
.sleeve-detail-head p {
  margin:0;
  max-width:54ch;
  color:var(--muted);
  line-height:1.55;
}
.sleeve-detail-head>strong {
  font:700 25px Georgia,"Times New Roman",serif;
  font-variant-numeric:tabular-nums;
}
.sleeve-detail-columns,
.sleeve-detail-row {
  display:grid;
  grid-template-columns:minmax(0,1fr) 92px 118px;
  gap:14px;
  align-items:center;
}
.sleeve-detail-columns {
  padding:10px 22px;
  border-bottom:1px solid var(--line);
  color:var(--muted);
  font-size:11px;
  font-weight:700;
  letter-spacing:.09em;
  text-transform:uppercase;
}
.sleeve-detail-columns span:nth-child(n+2){text-align:right}
.sleeve-detail-row {
  padding:13px 22px;
  border-bottom:1px solid var(--line);
  color:var(--ink);
}
.sleeve-detail-row:last-child { border-bottom:0; }
a.sleeve-detail-row:hover { background:rgba(0,0,0,.025); }
.sleeve-detail-row>div { display:flex; gap:10px; align-items:baseline; min-width:0; }
.sleeve-detail-row>div strong { min-width:48px; font-size:14px; letter-spacing:.04em; }
.sleeve-detail-row>div span { color:var(--muted); white-space:nowrap; overflow:hidden; text-overflow:ellipsis; }
.sleeve-detail-row>strong,
.sleeve-detail-row>small {
  text-align:right;
  font-variant-numeric:tabular-nums;
}
.sleeve-detail-row>small { color:var(--muted); }
.sleeve-detail-row.static { cursor:default; }
@media (max-width:860px){
  .sleeve-detail-grid{grid-template-columns:1fr}
}
@media (max-width:560px){
  .sleeve-detail-columns{display:none}
  .sleeve-detail-row{grid-template-columns:1fr auto}
  .sleeve-detail-row>small{grid-column:1 / -1;text-align:left;padding-left:58px}
  .sleeve-detail-head{grid-template-columns:1fr}
}

/* Homepage hierarchy: identity → proof → content */
.hero-topline .kicker,
.section-head .kicker,
.article-head > .kicker {
  color: var(--accent);
}
.hero-proof-grid {
  display: grid;
  grid-template-columns: minmax(0, 1.08fr) minmax(0, .92fr);
  gap: 14px;
  margin-top: 40px;
}
.hero-proof {
  min-width: 0;
  padding: 24px;
  border: 1px solid var(--line);
  background: var(--paper);
}
.hero-proof-primary {
  border-top: 3px solid var(--accent);
}
.hero-proof-value {
  display: block;
  margin: 7px 0 22px;
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(42px, 6vw, 66px);
  line-height: .98;
  letter-spacing: -.035em;
}
.hero-proof-progress {
  margin-bottom: 14px;
}
.hero-proof-head {
  display: flex;
  justify-content: space-between;
  gap: 20px;
  align-items: baseline;
  padding-bottom: 18px;
  border-bottom: 1px solid var(--line);
}
.hero-performance-grid {
  display: grid;
  grid-template-columns: 1fr 1fr;
  gap: 1px;
  margin: 0 -24px 16px;
  background: var(--line);
  border-bottom: 1px solid var(--line);
}
.hero-performance-grid > div {
  min-width: 0;
  padding: 22px 24px;
  background: var(--paper);
}
.hero-performance-grid strong {
  display: block;
  margin-top: 5px;
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(28px, 4vw, 40px);
  line-height: 1;
}
@media (max-width: 780px) {
  .hero-proof-grid { grid-template-columns: 1fr; margin-top: 30px; }
  .hero-proof-head { display: block; }
  .hero-proof-head .small { display: block; margin-top: 5px; }
}
@media (max-width: 480px) {
  .hero-performance-grid { grid-template-columns: 1fr; }
}


/* Site-wide visual harmonization — carry the homepage hierarchy everywhere */
.hero > .site-shell > .kicker,
.holding-group-head .kicker,
.holding-section > .kicker,
.section-title-row > div > .kicker,
.company-brief > .kicker,
.holding-explainer > .kicker,
.tech-subhead > div > .kicker,
.subscribe-block > div > .kicker,
.sidebar-block > .kicker {
  color: var(--accent);
}

/* Keep rust as a cue, not a flood: use it on the edge of important information. */
.holdings-note,
.company-brief,
.holding-explainer,
.horizon-note,
.model-bridge,
.retired-model-note,
.passed-decision,
.prose blockquote {
  border-left-color: var(--accent);
}

.callout {
  border-top: 4px solid var(--accent);
}
.callout .kicker {
  color: #d7a894 !important;
}

/* Portfolio: same "main proof first, supporting proof second" hierarchy as home. */
.portfolio-progress + .metric-grid .metric:first-child {
  box-shadow: inset 0 3px 0 var(--accent);
}
.portfolio-progress + .metric-grid .metric:first-child strong {
  font-size: 34px;
}
.sleeve-detail-card {
  box-shadow: inset 0 2px 0 color-mix(in srgb, var(--accent) 28%, transparent);
}
.sleeve-detail-card:target {
  border-color: color-mix(in srgb, var(--accent) 65%, var(--line));
  box-shadow: inset 0 3px 0 var(--accent);
}
a.sleeve-detail-row:hover {
  background: color-mix(in srgb, var(--accent) 6%, var(--paper));
}

/* One warm slice is enough to connect the allocation chart to the brand palette. */
.donut-link.donut-1 path,
.donut-swatch.donut-1 {
  fill: var(--accent);
  background: var(--accent);
}

/* Holdings: current positions get a quiet visual signature; watch/passed stay quieter. */
.holding-card:not(.watch):not(.passed) {
  box-shadow: inset 0 2px 0 var(--accent);
}
.holding-card:not(.watch):not(.passed) .ticker {
  color: var(--accent);
}
.holding-card:hover {
  border-color: var(--accent);
}
.holding-snapshot {
  border-top: 3px solid var(--accent);
}
.live-quote-box strong,
.holding-card-quote strong {
  font-variant-numeric: tabular-nums;
}

/* Keep dated quote fallbacks out of first paint. Live values reveal only
   after the quote request resolves or we intentionally fall back. */
[data-live-price]:not(.live-data-ready),
[data-live-pnl]:not(.live-data-ready),
[data-live-pl-dollar]:not(.live-data-ready),
[data-live-value]:not(.live-data-ready),
[data-live-entry-return]:not(.live-data-ready),
[data-live-cagr]:not(.live-data-ready),
[data-live-band-state]:not(.live-data-ready),
[data-live-time]:not(.live-data-ready) {
  visibility: hidden;
}

/* Research / playbooks: accent appears on interaction and metadata, not as decoration. */
.card .chip {
  border-color: color-mix(in srgb, var(--accent) 38%, var(--line));
}
.card:hover {
  border-bottom-color: color-mix(in srgb, var(--accent) 55%, var(--line));
}
.card:hover .chip {
  color: var(--accent);
  border-color: var(--accent);
}

/* Dense long-form pages get the same cues without turning every heading red. */
.prose th,
.scenario-table th {
  border-bottom-color: color-mix(in srgb, var(--accent) 58%, var(--ink));
}
.sidebar-toc a:hover,
.sidebar-evergreen a:hover {
  color: var(--accent);
}

/* Newsletter/footer remain quiet, but the signup now reads as a deliberate action. */
.subscribe-global {
  border-top: 2px solid var(--accent);
}
.subscribe-global .kicker {
  color: var(--accent);
}
.site-footer strong {
  text-decoration-color: var(--accent);
}


/* Shared landing-page hierarchy */
.page-hero {
  padding: 74px 0 54px;
  border-bottom: 1px solid var(--line);
}
.page-hero .kicker {
  color: var(--accent);
}
.page-hero h1 {
  max-width: 980px;
  margin: 8px 0 20px;
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(50px, 7vw, 88px);
  line-height: .96;
  letter-spacing: -.045em;
}
.page-hero .dek {
  max-width: 820px;
  margin: 0;
  font-family: Georgia, "Times New Roman", serif;
  font-size: clamp(23px, 2.8vw, 34px);
  line-height: 1.22;
}
.page-hero-note {
  max-width: 760px;
  margin: 18px 0 0;
  color: var(--muted);
}
.archive-list-section {
  padding-top: 48px;
}
.holdings-index {
  padding-top: 48px;
}
.portfolio-active-value {
  font: 700 30px/1 Georgia, "Times New Roman", serif;
  letter-spacing: -.02em;
}
.portfolio-proof-grid {
  margin-top: 38px;
}

@media (max-width: 780px) {
  .page-hero {
    padding: 58px 0 42px;
  }
  .page-hero h1 {
    font-size: clamp(44px, 13vw, 68px);
  }
}


/* Quiet continuation from the homepage recent feed */
.home-more-links {
  display: flex;
  align-items: center;
  flex-wrap: wrap;
  gap: 8px;
  margin-top: 22px;
  color: var(--muted);
  font-size: 13px;
}
.home-more-links .kicker {
  margin-right: 4px;
  color: var(--muted);
}
.home-more-links a {
  color: var(--ink);
  text-decoration: none;
}
.home-more-links a:hover {
  color: var(--accent);
}


/* Unified site ending: one newsletter card, one clear footer */
.subscribe-block,
.subscribe-global,
.subscribe-home {
  width: min(calc(100% - 36px), var(--max));
  max-width: var(--max);
  margin: 52px auto 0;
  padding: 34px 36px;
  border: 1px solid var(--line);
  border-top: 3px solid var(--accent);
  border-bottom: 1px solid var(--line);
  background: #fff;
  grid-template-columns: minmax(0, 1fr) minmax(340px, 500px);
  gap: 42px;
  align-items: center;
}
.reading .subscribe-block {
  width: 100%;
  margin: 64px 0 0;
}
.subscribe-block h2,
.subscribe-global h2,
.subscribe-home h2 {
  margin: 6px 0 10px;
  font-size: clamp(30px, 3vw, 42px);
}
.subscribe-block > div > .kicker,
.subscribe-global > div > .kicker,
.subscribe-home > div > .kicker {
  color: var(--accent);
}
.subscribe-block p,
.subscribe-global p,
.subscribe-home p {
  max-width: 540px;
  font-size: 15px;
}
.subscribe-embed {
  min-width: 0;
  padding-left: 30px;
  border-left: 1px solid var(--line);
}
.subscribe-embed iframe {
  display: block !important;
  width: 100% !important;
  max-width: 100% !important;
  margin: 0 !important;
  border: 0 !important;
}

.site-footer {
  margin-top: 54px;
  padding: 40px 0 48px;
  border-top: 3px solid var(--accent);
  background: var(--ink);
  color: #c9c1b5;
  font-size: 14px;
}
.footer-grid {
  display: grid;
  grid-template-columns: 1.25fr .7fr .7fr 1.15fr;
  gap: 54px;
  align-items: start;
}
.footer-brand strong {
  display: block;
  color: var(--bg);
  font-size: 14px;
  letter-spacing: .16em;
}
.footer-brand p {
  margin: 8px 0 0;
  color: #c9c1b5;
}
.site-footer .kicker {
  display: block;
  margin-bottom: 10px;
  color: #d7a894;
}
.footer-links {
  display: flex;
  flex-direction: column;
  gap: 7px;
}
.footer-links a {
  color: #d8d0c5;
  text-decoration: none;
}
.footer-links a:hover {
  color: #fff;
}
.footer-note {
  max-width: 330px;
  text-align: left;
}
.footer-note p {
  margin: 0 0 8px;
  line-height: 1.55;
}
.footer-note p:last-child {
  margin-bottom: 0;
}

@media (max-width: 900px) {
  .subscribe-block,
  .subscribe-global,
  .subscribe-home {
    grid-template-columns: 1fr;
    gap: 24px;
  }
  .subscribe-embed {
    padding-left: 0;
    padding-top: 24px;
    border-left: 0;
    border-top: 1px solid var(--line);
  }
  .footer-grid {
    grid-template-columns: 1.2fr 1fr 1fr;
    gap: 36px;
  }
  .footer-note {
    grid-column: 1 / -1;
  }
}
@media (max-width: 620px) {
  .subscribe-block,
  .subscribe-global,
  .subscribe-home {
    padding: 28px 24px;
  }
  .footer-grid {
    grid-template-columns: 1fr 1fr;
    gap: 30px 24px;
  }
  .footer-brand,
  .footer-note {
    grid-column: 1 / -1;
  }
}


/* Performance path comparison */
.performance-path-card {
  margin: 46px 0 62px;
  padding: 30px;
  border: 1px solid var(--line);
  border-top: 3px solid var(--accent);
  background: var(--paper);
}
.performance-path-head {
  display: grid;
  grid-template-columns: minmax(0, 1fr) auto;
  gap: 30px;
  align-items: start;
}
.performance-prose .performance-path-card h2 {
  margin: 6px 0 10px;
  font-size: clamp(32px, 4.4vw, 48px);
  line-height: 1.02;
}
.performance-path-head p {
  max-width: 650px;
  margin: 0;
  color: var(--muted);
}
.performance-path-head .kicker {
  color: var(--accent);
}
.performance-path-latest {
  min-width: 138px;
  padding-left: 22px;
  border-left: 1px solid var(--line);
  text-align: right;
}
.performance-path-latest strong {
  display: block;
  margin: 4px 0 1px;
  font-family: Georgia, "Times New Roman", serif;
  font-size: 38px;
  line-height: 1;
}
.performance-path-latest span:last-child {
  display: block;
  color: var(--muted);
  font-size: 11px;
}
.performance-chart-controls {
  display: flex;
  flex-wrap: wrap;
  gap: 8px;
  margin: 28px 0 14px;
}
.performance-series-toggle {
  appearance: none;
  display: inline-flex;
  align-items: center;
  gap: 8px;
  min-height: 38px;
  padding: 7px 10px;
  border: 1px solid var(--line);
  background: transparent;
  color: var(--muted);
  font: inherit;
  font-size: 12px;
  cursor: pointer;
}
.performance-series-toggle strong {
  color: inherit;
  font-size: 11px;
  font-variant-numeric: tabular-nums;
}
.performance-series-toggle.is-active {
  border-color: var(--ink);
  background: #fff;
  color: var(--ink);
}
.performance-series-swatch {
  display: inline-block;
  width: 26px;
  height: 0;
  border-top: 3px solid currentColor;
  flex: 0 0 auto;
}
.performance-swatch-mostlyNothing { color: var(--accent); }
.performance-swatch-voo { color: var(--ink); }
.performance-swatch-qqq {
  color: #817c73;
  border-top-style: dashed;
}
.performance-chart-scroll {
  width: 100%;
  overflow-x: auto;
  padding-bottom: 2px;
  scrollbar-width: thin;
  scrollbar-color: var(--line) transparent;
}
.performance-chart-svg {
  display: block;
  width: 100%;
  min-width: 650px;
  height: auto;
  overflow: visible;
  cursor: crosshair;
}
.performance-grid-line {
  stroke: var(--line);
  stroke-width: 1;
  vector-effect: non-scaling-stroke;
}
.performance-grid-line.is-baseline {
  stroke: #bdb5a8;
  stroke-dasharray: 4 5;
}
.performance-regime-line {
  stroke: var(--accent);
  stroke-width: 1;
  stroke-dasharray: 2 5;
  opacity: .55;
  vector-effect: non-scaling-stroke;
  pointer-events: none;
}
.performance-regime-label,
.performance-regime-date {
  fill: var(--accent);
  font-family: var(--font-sans);
  pointer-events: none;
}
.performance-regime-label {
  font-size: 9px;
  font-weight: 800;
  letter-spacing: .04em;
  text-transform: uppercase;
}
.performance-regime-date {
  font-size: 9px;
  opacity: .78;
}
.performance-axis-label {
  fill: var(--muted);
  font-size: 11px;
  font-family: var(--font-sans);
}
.performance-axis-x {
  font-size: 10px;
}
.performance-line {
  fill: none;
  stroke-linecap: round;
  stroke-linejoin: round;
  vector-effect: non-scaling-stroke;
  transition: opacity .16s ease;
}
.performance-line-mostlyNothing {
  stroke: var(--accent);
  stroke-width: 3.5;
}
.performance-line-voo {
  stroke: var(--ink);
  stroke-width: 2.25;
}
.performance-line-qqq {
  stroke: #817c73;
  stroke-width: 2.25;
  stroke-dasharray: 7 6;
}
.performance-line.is-hidden {
  opacity: 0;
  pointer-events: none;
}
.performance-point-anchor {
  fill: transparent;
  stroke: none;
  pointer-events: none;
}
.performance-hover-guide {
  stroke: #aaa397;
  stroke-width: 1;
  stroke-dasharray: 3 4;
  opacity: .8;
  vector-effect: non-scaling-stroke;
  pointer-events: none;
}
.performance-hover-dot {
  fill: var(--paper);
  stroke-width: 3;
  opacity: 0;
  vector-effect: non-scaling-stroke;
  pointer-events: none;
  transition: opacity .12s ease;
}
.performance-hover-dot.is-visible { opacity: 1; }
.performance-hover-mostlyNothing { stroke: var(--accent); }
.performance-hover-voo { stroke: var(--ink); }
.performance-hover-qqq { stroke: #817c73; }

.performance-chart-slider {
  width: 100%;
  margin: 8px 0 18px;
  accent-color: var(--accent);
}
.performance-chart-readout {
  display: grid;
  grid-template-columns: 1.05fr repeat(3, 1fr);
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}
.performance-chart-month,
.performance-readout-row {
  min-width: 0;
  padding: 13px 12px;
}
.performance-chart-month {
  display: flex;
  align-items: center;
  padding-left: 0;
  font-family: Georgia, "Times New Roman", serif;
  font-size: 18px;
}
.performance-readout-row {
  border-left: 1px solid var(--line);
  transition: opacity .16s ease;
}
.performance-readout-row > span {
  display: flex;
  align-items: center;
  gap: 7px;
  color: var(--muted);
  font-size: 11px;
  font-weight: 800;
  letter-spacing: .06em;
  text-transform: uppercase;
}
.performance-readout-row .performance-series-swatch {
  width: 18px;
  border-top-width: 2px;
}
.performance-readout-row > strong {
  display: flex;
  align-items: baseline;
  gap: 6px;
  margin-top: 4px;
  font-family: Georgia, "Times New Roman", serif;
  font-size: 21px;
  line-height: 1;
  font-variant-numeric: tabular-nums;
}
.performance-readout-row > strong small {
  color: var(--muted);
  font-family: var(--font-sans);
  font-size: 11px;
  font-weight: 700;
}
.performance-readout-row.is-muted { opacity: .32; }
.performance-prose .performance-chart-note {
  margin: 18px 0 0;
  color: var(--muted);
  font-size: 12px;
  line-height: 1.55;
}
.performance-prose .performance-chart-sources {
  margin: 8px 0 0;
  color: var(--muted);
  font-size: 11px;
}
.performance-chart-sources a {
  color: var(--ink);
}

@media (max-width: 720px) {
  .performance-path-card {
    padding: 24px 20px;
  }
  .performance-path-head {
    grid-template-columns: 1fr;
    gap: 18px;
  }
  .performance-path-latest {
    min-width: 0;
    padding: 14px 0 0;
    border-left: 0;
    border-top: 1px solid var(--line);
    text-align: left;
  }
  .performance-chart-controls {
    display: grid;
    grid-template-columns: 1fr;
  }
  .performance-series-toggle {
    justify-content: flex-start;
  }
  .performance-series-toggle strong {
    margin-left: auto;
  }
  .performance-chart-readout {
    grid-template-columns: 1fr;
  }
  .performance-chart-month {
    padding: 12px 0;
  }
  .performance-readout-row {
    display: grid;
    grid-template-columns: 1fr auto;
    align-items: center;
    padding: 10px 0;
    border-left: 0;
    border-top: 1px solid var(--line);
  }
  .performance-readout-row > strong {
    margin-top: 0;
  }
}


/* Portfolio local reading map */
.portfolio-jump-nav {
  display: flex;
  align-items: center;
  flex-wrap: wrap;
  gap: 8px;
  margin-top: 24px;
  padding-top: 18px;
  border-top: 1px solid var(--line);
  color: var(--muted);
  font-size: 12px;
}
.portfolio-jump-nav .kicker {
  margin-right: 3px;
  color: var(--accent);
}
.portfolio-jump-nav a {
  color: var(--ink);
  text-decoration: none;
}
.portfolio-jump-nav a:hover {
  color: var(--accent);
  text-decoration: underline;
  text-underline-offset: 4px;
}
#allocation,
#inside-the-sleeves,
#portfolio-performance,
#living-dossiers {
  scroll-margin-top: 86px;
}
@media (max-width: 560px) {
  .portfolio-jump-nav {
    gap: 7px;
    line-height: 1.45;
  }
  .portfolio-jump-nav .kicker {
    flex-basis: 100%;
    margin-bottom: 2px;
  }
}


/* Home and About retention polish */
.hero-proof-link {
  display: inline-block;
  margin-top: 13px;
  color: var(--ink);
  font-size: 12px;
  font-weight: 800;
  text-decoration: none;
}
.hero-proof-link:hover {
  color: var(--accent);
  text-decoration: underline;
  text-underline-offset: 4px;
}
.about-evidence-links {
  display: flex;
  align-items: center;
  flex-wrap: wrap;
  gap: 10px 16px;
  margin: 42px 0 48px;
  padding: 18px 0;
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}
.about-evidence-links .kicker {
  color: var(--accent);
  margin-right: 4px;
}
.about-evidence-links a {
  color: var(--ink);
  font-size: 13px;
  font-weight: 750;
  text-decoration: none;
}
.about-evidence-links a:hover {
  color: var(--accent);
  text-decoration: underline;
  text-underline-offset: 4px;
}
@media (max-width: 560px) {
  .about-evidence-links .kicker {
    flex-basis: 100%;
  }
}


/* Performance editorial pass */
.performance-scorecard {
  margin: 34px 0 28px;
  border: 1px solid var(--line);
  border-top: 3px solid var(--accent);
  background: var(--paper);
}
.performance-scorecard-head {
  display: flex;
  align-items: baseline;
  justify-content: space-between;
  gap: 20px;
  padding: 14px 18px 12px;
  border-bottom: 1px solid var(--line);
}
.performance-scorecard-head .kicker {
  color: var(--accent);
}
.performance-scorecard-head > span:last-child {
  color: var(--muted);
  font-size: 11px;
}
.performance-scorecard-grid {
  display: grid;
  grid-template-columns: repeat(4,minmax(0,1fr));
}
.performance-scorecard-grid > div {
  min-width: 0;
  padding: 18px;
  border-right: 1px solid var(--line);
}
.performance-scorecard-grid > div:last-child {
  border-right: 0;
}
.performance-scorecard-grid > div > span {
  display: block;
  color: var(--muted);
  font-size: 11px;
  font-weight: 800;
  letter-spacing: .08em;
  text-transform: uppercase;
}
.performance-scorecard-grid strong {
  display: block;
  margin: 5px 0 4px;
  font: 700 clamp(25px,3vw,34px)/1 Georgia,"Times New Roman",serif;
  font-variant-numeric: tabular-nums;
}
.performance-scorecard-grid small {
  display: block;
  color: var(--muted);
  font-size: 11px;
  line-height: 1.4;
}
.performance-prose > p:first-child {
  color: var(--muted);
  font-size: 13px;
  line-height: 1.55;
}
.performance-prose > blockquote:first-of-type {
  margin-top: 24px;
}
.audit-details {
  margin: 18px 0;
  border: 1px solid var(--line);
  background: var(--paper);
}
.audit-details summary {
  position: relative;
  cursor: pointer;
  list-style: none;
  padding: 15px 44px 15px 18px;
  font-size: 13px;
  font-weight: 800;
  line-height: 1.4;
}
.audit-details summary::-webkit-details-marker {
  display: none;
}
.audit-details summary::after {
  content: "+";
  position: absolute;
  right: 18px;
  top: 50%;
  transform: translateY(-50%);
  color: var(--accent);
  font-size: 20px;
  font-weight: 500;
}
.audit-details[open] summary::after {
  content: "−";
}
.audit-details[open] summary {
  border-bottom: 1px solid var(--line);
}
.audit-details-body {
  padding: 20px 18px 6px;
}
.audit-details-body > p {
  margin-bottom: 18px;
}
.audit-details-body table {
  margin: 18px 0 24px;
}
.audit-details-body .formula-card,
.audit-details-body .equation-card {
  margin-top: 18px;
  margin-bottom: 22px;
}
.audit-details-body img {
  margin-top: 22px;
}
.performance-prose h2#how-the-math-works {
  margin-bottom: 10px;
}
.performance-prose h2#how-the-math-works + p {
  color: var(--muted);
  max-width: 720px;
}

@media (max-width: 760px) {
  .performance-scorecard-grid {
    grid-template-columns: 1fr 1fr;
  }
  .performance-scorecard-grid > div:nth-child(2) {
    border-right: 0;
  }
  .performance-scorecard-grid > div:nth-child(-n+2) {
    border-bottom: 1px solid var(--line);
  }
}
@media (max-width: 480px) {
  .performance-scorecard-head {
    display: block;
  }
  .performance-scorecard-head > span:last-child {
    display: block;
    margin-top: 4px;
  }
  .performance-scorecard-grid {
    grid-template-columns: 1fr;
  }
  .performance-scorecard-grid > div {
    border-right: 0;
    border-bottom: 1px solid var(--line);
  }
  .performance-scorecard-grid > div:last-child {
    border-bottom: 0;
  }
}


.performance-chart-toggle-note {
  margin: -4px 0 14px;
  color: var(--muted);
  font-size: 11px;
}


.performance-scorecard-takeaway {
  margin: 0;
  padding: 13px 18px 14px;
  border-top: 1px solid var(--line);
  color: var(--muted);
  font-size: 12px;
  line-height: 1.5;
}
.performance-scorecard-takeaway strong {
  color: var(--ink);
}
.performance-method-aside {
  color: var(--muted);
  font-size: 12px;
}


/* Holdings landing editorial pass */
.holdings-status-nav {
  display: inline-grid;
  grid-auto-flow: column;
  grid-auto-columns: minmax(180px,1fr);
  max-width: 620px;
  margin-top: 34px;
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}
.holdings-status-nav a {
  display: flex;
  align-items: baseline;
  gap: 8px;
  padding: 15px 18px;
  border-right: 1px solid var(--line);
  color: var(--ink);
  text-decoration: none;
}
.holdings-status-nav a:first-child { padding-left: 0; }
.holdings-status-nav a:last-child { border-right: 0; }
.holdings-status-nav strong {
  font: 700 28px/1 Georgia,"Times New Roman",serif;
}
.holdings-status-nav span {
  color: var(--muted);
  font-size: 13px;
  font-weight: 750;
}
.holdings-status-nav a:hover span { color: var(--accent); }

.holdings-note {
  max-width: 900px;
  margin-bottom: 56px;
}
.holdings-note strong {
  color: var(--ink);
}
.holdings-note > span {
  display: block;
  margin-top: 8px;
  font-size: 12px;
  line-height: 1.5;
}

.holdings-state-head {
  max-width: 860px;
  scroll-margin-top: 90px;
  margin: 74px 0 4px;
  padding-top: 26px;
  border-top: 3px solid var(--ink);
}
.holdings-note + .holdings-state-head {
  margin-top: 0;
}
.holdings-state-head .kicker {
  color: var(--accent);
}
.holdings-state-head h2 {
  margin: 7px 0 8px;
  font: 700 clamp(32px,4vw,46px)/1.04 Georgia,"Times New Roman",serif;
  letter-spacing: -.025em;
}
.holdings-state-head p {
  max-width: 760px;
  margin: 0;
  color: var(--muted);
  line-height: 1.55;
}
.holding-group {
  scroll-margin-top: 90px;
}
.holding-card {
  display: flex;
  flex-direction: column;
  min-height: 250px;
}
.holding-card h3 {
  margin-bottom: 12px;
}
.holding-card-metrics b {
  color: var(--ink);
  font-weight: 750;
}
.holding-card-quote {
  margin-top: 20px;
}
.holding-card-read {
  margin-top: auto;
  padding-top: 18px;
  border-top: 1px solid var(--line);
}
.holding-card-read .kicker {
  display: block;
  margin-bottom: 5px;
  color: var(--muted);
}
.holding-card-read strong {
  display: block;
  color: var(--ink);
  font-size: 15px;
  line-height: 1.35;
}
.holding-card-read .holding-card-zone {
  display: block;
  margin-top: 7px;
  color: var(--muted);
  font-size: 12px;
  line-height: 1.4;
}
.holding-card.watch .holding-card-read strong,
.holding-card.passed .holding-card-read strong {
  color: var(--muted);
}

@media (max-width:620px) {
  .holdings-status-nav {
    display:grid;
    grid-auto-flow:row;
    grid-template-columns:1fr;
    grid-auto-columns:auto;
  }
  .holdings-status-nav a,
  .holdings-status-nav a:first-child {
    padding: 12px 0;
    border-right: 0;
    border-bottom: 1px solid var(--line);
  }
  .holdings-status-nav a:last-child { border-bottom: 0; }
  .holdings-state-head { margin-top: 58px; }
}


/* Passed decision archive */
.passed-history-grid {
  display:grid;
  grid-template-columns:repeat(2,minmax(0,1fr));
  gap:16px;
  margin-top:24px;
}
.passed-history-card {
  display:flex;
  flex-direction:column;
  min-height:240px;
  padding:22px;
  border:1px solid var(--line);
  background:transparent;
  color:var(--ink);
  text-decoration:none;
}
.passed-history-card:hover {
  border-color:var(--accent);
  transform:translateY(-1px);
}
.passed-history-top {
  display:flex;
  align-items:center;
  justify-content:space-between;
  gap:12px;
}
.passed-history-top .ticker {
  color:var(--accent);
  font-size:14px;
  font-weight:900;
  letter-spacing:.08em;
}
.passed-history-card h3 {
  margin:20px 0 10px;
  font:700 27px/1.05 Georgia,"Times New Roman",serif;
}
.passed-history-meta {
  display:flex;
  flex-wrap:wrap;
  gap:6px 14px;
  color:var(--muted);
  font-size:12px;
}
.passed-history-card p {
  margin:16px 0 20px;
  color:var(--muted);
  font-size:14px;
  line-height:1.55;
}
.passed-history-link {
  margin-top:auto;
  font-size:12px;
  font-weight:800;
}
.passed-history-card:hover .passed-history-link {
  color:var(--accent);
}
.passed-archive-link {
  margin:24px 0 0;
  padding-top:16px;
  border-top:1px solid var(--line);
  font-size:13px;
  font-weight:800;
}
.passed-archive-year + .passed-archive-year {
  margin-top:58px;
}
.decision-history {
  margin:22px 0 4px;
  border:1px solid var(--line);
  background:var(--paper);
}
.decision-history-head {
  display:flex;
  justify-content:space-between;
  gap:18px;
  align-items:baseline;
  padding:14px 18px;
  border-bottom:1px solid var(--line);
}
.decision-history-head strong {
  font-size:12px;
}
.decision-history-row {
  display:grid;
  grid-template-columns:130px 1fr;
  gap:18px;
  padding:16px 18px;
  border-bottom:1px solid var(--line);
}
.decision-history-row:last-child {
  border-bottom:0;
}
.decision-history-date {
  color:var(--muted);
  font-size:12px;
}
.decision-history-row strong {
  display:block;
  font-size:14px;
}
.decision-history-row div > span {
  display:block;
  margin-top:2px;
  color:var(--muted);
  font-size:12px;
}
.decision-history-row p {
  margin:8px 0 0;
  color:var(--muted);
  font-size:13px;
  line-height:1.5;
}
@media (max-width:720px) {
  .passed-history-grid { grid-template-columns:1fr; }
  .decision-history-head { display:block; }
  .decision-history-head strong { display:block; margin-top:4px; }
  .decision-history-row { grid-template-columns:1fr; gap:4px; }
}


.holdings-status-nav.has-previous{grid-template-columns:repeat(4,minmax(0,1fr))}
.previous-holdings-grid{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));gap:16px;margin-top:24px}
.previous-holding-card{display:flex;flex-direction:column;min-height:250px;padding:22px;border:1px solid var(--line);background:var(--paper);color:var(--ink);text-decoration:none}
.previous-holding-card:hover{border-color:var(--ink);transform:translateY(-1px)}
.previous-holding-top{display:flex;justify-content:space-between;align-items:center;gap:12px}
.previous-holding-top .ticker{color:var(--accent);font-size:14px;font-weight:900;letter-spacing:.08em}
.previous-holding-card h3{margin:20px 0 10px;font:700 27px/1.05 Georgia,"Times New Roman",serif}
.previous-holding-meta,.previous-holding-result{display:flex;flex-wrap:wrap;gap:7px 14px;font-size:13px}
.previous-holding-meta{color:var(--muted)}
.previous-holding-result{margin-top:16px}
.previous-holding-card p{margin:16px 0 20px;color:var(--muted);font-size:14px;line-height:1.55}
.previous-holding-link{margin-top:auto;font-size:12px;font-weight:800}
.previous-holding-card:hover .previous-holding-link{color:var(--accent)}
.previous-archive-link{margin:24px 0 0;padding-top:16px;border-top:1px solid var(--line);font-size:13px;font-weight:800}
@media(max-width:820px){.holdings-status-nav.has-previous{grid-template-columns:repeat(2,minmax(0,1fr))}}
@media(max-width:720px){.previous-holdings-grid{grid-template-columns:1fr}}
@media(max-width:620px){.holdings-status-nav.has-previous{grid-template-columns:1fr}}


.previous-holding-summary{margin:22px 0 4px;border:1px solid var(--line);background:var(--paper)}
.previous-holding-summary-head{display:flex;justify-content:space-between;gap:18px;align-items:baseline;padding:14px 18px;border-bottom:1px solid var(--line)}
.previous-holding-summary-head strong{font-size:12px}
.previous-holding-summary-grid{display:grid;grid-template-columns:repeat(4,minmax(0,1fr))}
.previous-holding-summary-grid>div{padding:16px 18px;border-right:1px solid var(--line);border-bottom:1px solid var(--line)}
.previous-holding-summary-grid>div:nth-child(4n){border-right:0}
.previous-holding-summary-grid strong{display:block;margin-top:5px;font:700 19px/1.15 Georgia,"Times New Roman",serif}
.previous-holding-summary>p:not(.tech-note){margin:16px 18px 0;font-size:14px;line-height:1.55}
.previous-holding-summary .tech-note{margin:12px 18px 16px}
@media(max-width:820px){.previous-holding-summary-grid{grid-template-columns:repeat(2,minmax(0,1fr))}.previous-holding-summary-grid>div:nth-child(2n){border-right:0}}
@media(max-width:620px){.previous-holding-summary-grid{grid-template-columns:1fr}.previous-holding-summary-grid>div{border-right:0}}


/* Research editorial pass */
.research-map {
  display:grid;
  grid-template-columns:repeat(4,minmax(0,1fr));
  max-width:1040px;
  margin-top:34px;
  border-top:1px solid var(--line);
  border-bottom:1px solid var(--line);
}
.research-map > a {
  min-width:0;
  padding:16px 20px;
  border-right:1px solid var(--line);
  text-decoration:none;
}
.research-map > :first-child { padding-left:0; }
.research-map > :last-child { border-right:0; }
.research-map .kicker {
  display:block;
  margin-bottom:4px;
  color:var(--muted);
}
.research-map strong {
  display:block;
  font:700 17px/1.25 Georgia,"Times New Roman",serif;
}
.research-map a:hover strong { color:var(--accent); }

.research-card-current {
  display:flex;
  align-items:center;
  flex-wrap:wrap;
  gap:8px 18px;
  margin-top:14px;
  padding-top:12px;
  border-top:1px solid var(--line);
  font-size:12px;
}
.research-card-pair {
  display:flex;
  align-items:baseline;
  gap:6px;
}
.research-card-current .kicker { color:var(--accent); }
.research-card-current strong { font-size:13px; }
.research-card-current a {
  margin-left:auto;
  color:var(--muted);
  font-weight:750;
}
.research-card-current a:hover { color:var(--accent); }

.research-note-head { margin-bottom:30px; }
.research-current-context {
  display:grid;
  grid-template-columns:minmax(150px,.7fr) minmax(260px,1.3fr) auto;
  align-items:stretch;
  margin:0 0 40px;
  border:1px solid var(--line);
  border-top:3px solid var(--accent);
  background:var(--paper);
}
.research-current-context > div,
.research-current-context > a {
  min-width:0;
  padding:15px 18px;
  border-right:1px solid var(--line);
}
.research-current-context > a {
  display:flex;
  align-items:center;
  justify-content:center;
  border-right:0;
  color:var(--ink);
  font-size:12px;
  font-weight:800;
  text-decoration:none;
}
.research-current-context > a:hover { color:var(--accent); }
.research-current-context strong {
  display:block;
  margin-top:4px;
  font:700 18px/1.2 Georgia,"Times New Roman",serif;
}
.research-note-prose h2 {
  margin-top:64px;
}
.research-note-prose table {
  scrollbar-width:thin;
}
@media(max-width:780px){
  .research-map { grid-template-columns:1fr; }
  .research-map > a,
  .research-map > :first-child {
    padding:13px 0;
    border-right:0;
    border-bottom:1px solid var(--line);
  }
  .research-map > :last-child { border-bottom:0; }
  .research-current-context { grid-template-columns:1fr; }
  .research-current-context > div,
  .research-current-context > a {
    border-right:0;
    border-bottom:1px solid var(--line);
  }
  .research-current-context > a {
    justify-content:flex-start;
    border-bottom:0;
  }
  .research-card-current a {
    width:100%;
    margin-left:0;
  }
}


/* Research company index + literal Holdings architecture */
.research-company-index { border-top:1px solid var(--line); }
.research-index-controls {
  display:grid;
  grid-template-columns:minmax(0,1fr) 210px;
  gap:18px;
  align-items:start;
  margin:28px 0 14px;
}
.research-search,
.research-sort,
.research-page-size { display:grid; gap:7px; }
.research-search input,
.research-sort select,
.research-page-size select {
  width:100%;
  min-height:46px;
  border:1px solid var(--line);
  background:var(--paper);
  color:var(--ink);
  padding:10px 12px;
  font-family:var(--font-sans);
  font-size:14px;
  font-weight:650;
  line-height:1.2;
}
.research-search input:focus,
.research-sort select:focus,
.research-page-size select:focus { outline:2px solid var(--ink); outline-offset:2px; }
.research-filter-bar {
  display:flex;
  flex-wrap:wrap;
  gap:8px;
  margin:0 0 14px;
}
.research-filter-bar button {
  border:1px solid var(--line);
  background:transparent;
  color:var(--ink);
  padding:8px 11px;
  font-family:var(--font-sans);
  font-size:12px;
  font-weight:750;
  line-height:1;
  cursor:pointer;
}
.research-filter-bar button span { color:var(--muted); margin-left:5px; }
.research-filter-bar button[aria-pressed="true"] { background:var(--ink); color:var(--paper); border-color:var(--ink); }
.research-filter-bar button[aria-pressed="true"] span { color:inherit; opacity:.7; }
.research-index-meta {
  display:flex;
  justify-content:space-between;
  gap:20px;
  padding:10px 0 14px;
  border-bottom:1px solid var(--line);
  color:var(--muted);
  font-size:12px;
}
.research-index-meta > :first-child { color:var(--ink); font-weight:800; }
.research-company-list { display:grid; }
.research-company-row {
  display:grid;
  grid-template-columns:minmax(150px,1.05fr) minmax(190px,1.2fr) minmax(170px,1.15fr) 150px;
  gap:18px;
  align-items:center;
  padding:17px 0;
  border-bottom:1px solid var(--line);
  color:var(--ink);
  text-decoration:none;
}
.research-company-row:hover { background:rgba(0,0,0,.025); }
.research-company-row[hidden] { display:none; }
.research-company-row > div { min-width:0; }
.research-company-identity a,
.research-company-note a {
  color:var(--ink);
  text-decoration:none;
}
.research-company-identity a {
  display:grid;
  gap:4px;
}
.research-company-note a {
  display:grid;
  gap:3px;
}
.research-company-note a > span {
  color:var(--muted);
  font-size:11px;
  font-weight:750;
}
.research-company-publications {
  margin:0;
}
.research-company-publications summary {
  display:grid;
  gap:3px;
  cursor:pointer;
  list-style:none;
}
.research-company-publications summary::-webkit-details-marker { display:none; }
.research-company-publications summary > span {
  color:var(--muted);
  font-size:11px;
  font-weight:750;
}
.research-company-publications[open] summary { color:var(--accent); }
.research-company-publication-list {
  display:grid;
  gap:2px;
  max-height:280px;
  margin-top:9px;
  padding:4px 0 0 10px;
  overflow:auto;
  border-left:2px solid var(--line);
}
.research-company-publication-list a {
  padding:6px 0 8px;
  border-bottom:1px solid var(--line);
}
.research-company-publication-list a:last-child { border-bottom:0; }
.research-company-publication-list a strong {
  font-size:12px;
  line-height:1.3;
}
.research-company-identity a:hover,
.research-company-note a:hover,
.research-company-open:hover {
  color:var(--accent);
}
.research-company-row .kicker { display:block; margin-bottom:4px; color:var(--muted); }
.research-company-row > div > strong { display:block; font-size:13px; line-height:1.35; }
.research-company-status > span:last-child {
  display:block;
  margin-top:3px;
  color:var(--muted);
  font-size:12px;
  line-height:1.35;
}
.research-company-identity { display:grid; gap:4px; }
.research-company-identity .ticker { font-family:var(--font-sans); font-size:19px; font-weight:800; line-height:1; }
.research-company-identity strong { font:700 15px/1.25 Georgia,"Times New Roman",serif !important; }
.research-company-open {
  justify-self:end;
  color:var(--ink);
  font-size:12px;
  font-weight:800;
  white-space:nowrap;
  text-decoration:none;
}
.research-index-empty { margin:26px 0 0; color:var(--muted); }
.holdings-research-bridge {
  margin-top:54px;
  padding-top:28px;
  border-top:1px solid var(--line);
}
.holdings-research-bridge h2 { margin:6px 0 8px; }
.holdings-research-bridge p { max-width:720px; color:var(--muted); }
.holdings-research-bridge a { font-weight:800; }

@media(max-width:900px){
  .research-company-row {
    grid-template-columns:minmax(120px,.8fr) minmax(170px,1fr) minmax(150px,1fr) 132px;
  }
}
@media(max-width:680px){
  .research-index-controls { grid-template-columns:1fr; }
  .research-index-meta { display:grid; gap:4px; }
  .research-company-row {
    grid-template-columns:1fr auto;
    gap:10px 14px;
    padding:16px 0;
  }
  .research-company-row > :nth-child(2),
  .research-company-row > :nth-child(3) { grid-column:1 / -1; }
  .research-company-open { grid-column:2; grid-row:1; align-self:start; }
}


/* Playbooks: reusable methods should feel like tools, not another article archive */
.playbooks-index { padding-top:48px; }
.playbook-grid {
  display:grid;
  grid-template-columns:repeat(2,minmax(0,1fr));
  gap:18px;
}
.playbook-card {
  display:flex;
  flex-direction:column;
  min-height:100%;
  padding:26px 28px;
  border:1px solid var(--line);
  border-top:3px solid var(--ink);
  background:var(--paper);
  color:var(--ink);
  text-decoration:none;
  transition:transform 160ms ease,border-color 160ms ease;
}
.playbook-card:hover {
  transform:translateY(-3px);
  border-top-color:var(--accent);
}
.playbook-card-top {
  display:flex;
  justify-content:space-between;
  gap:16px;
  align-items:baseline;
}
.playbook-card h3 {
  margin:18px 0 10px;
  font:700 clamp(28px,3vw,39px)/1.03 Georgia,"Times New Roman",serif;
  letter-spacing:-.025em;
}
.playbook-card > p {
  margin:0 0 24px;
  color:var(--muted);
  line-height:1.55;
}
.playbook-card-question {
  padding:18px 0;
  border-top:1px solid var(--line);
  border-bottom:1px solid var(--line);
}
.playbook-card-question strong {
  display:block;
  margin-top:5px;
  font:700 19px/1.3 Georgia,"Times New Roman",serif;
}
.playbook-card-use {
  display:grid;
  gap:5px;
  padding:16px 0 0;
  color:var(--muted);
  font-size:13px;
  line-height:1.45;
}
.playbook-card-open {
  margin-top:auto;
  padding-top:24px;
  font-size:12px;
  font-weight:800;
}
.playbook-card:hover .playbook-card-open { color:var(--accent); }

.playbook-context {
  display:grid;
  grid-template-columns:repeat(2,minmax(0,1fr));
  margin:-12px 0 38px;
  border-top:3px solid var(--accent);
  border-bottom:1px solid var(--line);
  background:var(--paper);
}
.playbook-context > div {
  padding:17px 20px;
  border-right:1px solid var(--line);
}
.playbook-context > div:last-child { border-right:0; }
.playbook-context strong {
  display:block;
  margin-top:5px;
  font:700 18px/1.3 Georgia,"Times New Roman",serif;
}
@media(max-width:780px){
  .playbook-grid { grid-template-columns:1fr; }
  .playbook-context { grid-template-columns:1fr; }
  .playbook-context > div {
    border-right:0;
    border-bottom:1px solid var(--line);
  }
  .playbook-context > div:last-child { border-bottom:0; }
}


.holdings-hero-research {
  margin:14px 0 0;
  color:var(--muted);
  font-size:13px;
}
.holdings-hero-research a {
  color:var(--ink);
  font-weight:800;
  text-decoration:none;
}
.holdings-hero-research a:hover { color:var(--accent); }


.holdings-hero .dek a {
  color:inherit;
  text-decoration-thickness:1px;
  text-underline-offset:4px;
}
.holdings-hero .dek a:hover { color:var(--accent); }


/* Harmonized editorial inline links across public content.
   Structural links (nav, cards, buttons, footer, back links) keep their own styles. */
main p a:not([class]),
main li a:not([class]),
main blockquote a:not([class]) {
  color: var(--accent);
  font-weight: 700;
  text-decoration-line: underline;
  text-decoration-thickness: 2px;
  text-decoration-color: color-mix(in srgb, var(--accent) 72%, transparent);
  text-underline-offset: 4px;
  text-decoration-skip-ink: auto;
}
main p a:not([class]):hover,
main li a:not([class]):hover,
main blockquote a:not([class]):hover {
  color: var(--ink);
  text-decoration-color: var(--accent);
  background: color-mix(in srgb, var(--accent) 9%, transparent);
}
main p a:not([class]):focus-visible,
main li a:not([class]):focus-visible,
main blockquote a:not([class]):focus-visible {
  color: var(--ink);
  text-decoration-color: var(--accent);
}


/* Playbook tables: protect row labels before the browser compresses them into letter stacks. */
.playbook-prose table th:first-child,
.playbook-prose table td:first-child {
  min-width: 92px;
  white-space: nowrap;
}


/* Holdings hero: keep the ownership rule clear without turning Research into a giant inline link. */
.page-hero-route {
  display:flex;
  align-items:baseline;
  flex-wrap:wrap;
  gap:8px 14px;
  max-width:820px;
  margin-top:22px;
  padding-top:17px;
  border-top:1px solid var(--line);
  color:var(--muted);
  font-size:13px;
}
.page-hero-route a {
  color:var(--ink);
  font-weight:800;
  text-decoration:none;
}
.page-hero-route a:hover {
  color:var(--accent);
  text-decoration:underline;
  text-underline-offset:4px;
}

/* The first Holdings heading should not inherit another full section of top whitespace. */
.holdings-index {
  padding-top:48px;
}
.holdings-index .site-shell > .holdings-state-head:first-child {
  margin-top:0;
}

/* Research index pagination */
.research-index-controls {
  grid-template-columns:minmax(0,1fr) minmax(170px,.34fr) minmax(110px,.2fr);
}
.research-page-size { min-width:120px; }
.research-page-size select {
  width:100%;
  min-height:46px;
}
.research-pagination {
  display:flex;
  justify-content:space-between;
  align-items:center;
  gap:18px;
  margin-top:24px;
  padding-top:18px;
  border-top:1px solid var(--line);
  color:var(--muted);
  font-size:12px;
}
.research-pagination[hidden] {
  display:none;
}
.research-pagination button {
  appearance:none;
  border:0;
  padding:0;
  background:transparent;
  color:var(--ink);
  font:inherit;
  font-weight:800;
  cursor:pointer;
}
.research-pagination button:hover:not(:disabled) {
  color:var(--accent);
}
.research-pagination button:disabled {
  color:var(--muted);
  opacity:.45;
  cursor:default;
}
@media(max-width:680px){
  .research-index-controls { grid-template-columns:1fr; }
  .research-pagination { align-items:flex-start; }
}

/* P0 mobile launch polish — readable charts + intentional signup */
@media (max-width: 720px) {
  .scenario-graphic,
  .performance-chart-scroll {
    position: relative;
    overflow-x: auto;
    overscroll-behavior-inline: contain;
    -webkit-overflow-scrolling: touch;
    scrollbar-width: thin;
    scrollbar-color: var(--line) transparent;
  }

  .scenario-graphic {
    padding-top: 30px;
  }

  .scenario-graphic::before,
  .performance-chart-scroll::before {
    content: "Swipe to inspect →";
    position: sticky;
    left: 0;
    z-index: 2;
    display: block;
    width: max-content;
    margin: 0 0 8px;
    padding: 4px 8px;
    border: 1px solid var(--line);
    background: color-mix(in srgb, var(--paper) 94%, transparent);
    color: var(--muted);
    font-family: var(--font-sans);
    font-size: 10px;
    font-weight: 750;
    letter-spacing: .06em;
    line-height: 1.2;
    text-transform: uppercase;
    pointer-events: none;
  }

  .scenario-graphic svg {
    width: 720px;
    min-width: 720px;
    max-width: none;
  }

  .performance-chart-scroll {
    padding-top: 28px;
  }

  .performance-chart-svg {
    width: 700px;
    min-width: 700px;
    max-width: none;
  }

  .scenario-table-wrap {
    overflow-x: auto;
    overscroll-behavior-inline: contain;
    -webkit-overflow-scrolling: touch;
    scrollbar-width: thin;
    scrollbar-color: var(--line) transparent;
  }

  .scenario-table {
    min-width: 640px;
  }

  .position-table {
    min-width: 760px;
  }

  .portfolio-donut-wrap {
    gap: 24px;
  }

  .portfolio-donut {
    width: min(100%, 320px);
    margin: 0 auto;
  }

  .subscribe-block,
  .subscribe-global,
  .subscribe-home {
    width: min(calc(100% - 24px), var(--max));
    margin-top: 40px;
    padding: 22px 18px;
    gap: 16px;
  }

  .reading .subscribe-block {
    margin-top: 48px;
  }

  .subscribe-block h2,
  .subscribe-global h2,
  .subscribe-home h2 {
    margin: 4px 0 8px;
    font-size: clamp(27px, 8.5vw, 34px);
    line-height: 1.04;
  }

  .subscribe-block p,
  .subscribe-global p,
  .subscribe-home p {
    font-size: 14px;
    line-height: 1.55;
  }

  .subscribe-embed {
    min-height: 0;
    padding-top: 16px;
  }
}

@media (max-width: 430px) {
  .performance-path-card {
    margin: 34px 0 46px;
    padding: 22px 16px;
  }

  .performance-path-latest strong {
    font-size: 34px;
  }

  .performance-chart-controls {
    gap: 6px;
    margin-top: 22px;
  }

  .subscribe-block,
  .subscribe-global,
  .subscribe-home {
    padding: 20px 16px;
  }

  .site-footer {
    padding-bottom: 44px;
  }
}

/* Screenshot QA fixes — Sep. 28 */
.performance-table-scroll {
  width: 100%;
  max-width: 100%;
  overflow-x: auto;
  overscroll-behavior-inline: contain;
  -webkit-overflow-scrolling: touch;
  scrollbar-width: thin;
  scrollbar-color: var(--line) transparent;
}
.performance-table-scroll table {
  display: table !important;
  width: 100%;
  min-width: 0;
  max-width: none;
}
.performance-table-scroll th,
.performance-table-scroll td {
  overflow-wrap: normal;
  word-break: normal;
}
.performance-table-wide table {
  min-width: 720px;
}

@media (max-width: 780px) {
  /* Never let Safari restore the nav to a half-scrolled state. Show every route. */
  .nav-links {
    flex-wrap: wrap;
    overflow-x: visible;
    justify-content: flex-start;
    gap: 10px 18px;
    padding-bottom: 0;
  }

  /* Landing/portfolio section headers should read vertically on a phone. */
  .section-head {
    display: block;
    margin-bottom: 26px;
  }
  .section-head .section-intro {
    max-width: none;
    margin: 16px 0 0;
  }

  .performance-table-scroll {
    position: relative;
    padding-top: 28px;
  }
  .performance-table-scroll::before {
    content: "Swipe table →";
    position: absolute;
    top: 0;
    left: 0;
    display: block;
    padding: 4px 8px;
    border: 1px solid var(--line);
    background: var(--paper);
    color: var(--muted);
    font-family: var(--font-sans);
    font-size: 10px;
    font-weight: 750;
    letter-spacing: .06em;
    line-height: 1.2;
    text-transform: uppercase;
    pointer-events: none;
  }
  .performance-table-wide table {
    width: 720px;
    min-width: 720px;
  }
  .performance-table-wide th,
  .performance-table-wide td {
    white-space: nowrap;
  }
  .performance-table-wide th:first-child,
  .performance-table-wide td:first-child {
    min-width: 205px;
    white-space: normal;
  }

  /*
    Beehiiv owns the form markup inside a cross-origin iframe, so we cannot
    restyle its input/button directly. Give the iframe a wider layout viewport
    and scale the whole form back to the card width. This keeps the email field
    usable instead of squeezing it down to a few visible characters.
  */
  .subscribe-embed {
    width: 100%;
    height: 280px;
    overflow: hidden;
  }
  .subscribe-embed iframe {
    display: block !important;
    width: 125% !important;
    max-width: none !important;
    height: 350px !important;
    margin: 0 !important;
    transform: scale(.8);
    transform-origin: top left;
  }
}

@media (max-width: 430px) {
  .nav-links {
    gap: 9px 15px;
    font-size: 12px;
  }
  .section {
    padding-top: 48px;
    padding-bottom: 48px;
  }
}
/* Automatic ticker publication history */
.company-publication-history {
  margin: 30px 0 24px;
  border: 1px solid var(--line);
  background: var(--paper);
}
.company-publication-history-head {
  display: flex;
  justify-content: space-between;
  align-items: baseline;
  gap: 20px;
  padding: 16px 18px;
  border-bottom: 1px solid var(--line);
}
.company-publication-history-head h3 {
  margin: 4px 0 0;
  font: 700 23px/1.08 Georgia,"Times New Roman",serif;
}
.company-publication-history-head > span {
  color: var(--muted);
  font-size: 12px;
}
.company-publication-row {
  display: grid;
  grid-template-columns: 130px minmax(0,1fr) auto;
  gap: 18px;
  align-items: center;
  padding: 15px 18px;
  border-bottom: 1px solid var(--line);
  color: var(--ink);
  text-decoration: none;
}
.company-publication-row:last-child { border-bottom: 0; }
.company-publication-row:hover { background: rgba(0,0,0,.018); }
.company-publication-date {
  color: var(--muted);
  font-size: 12px;
}
.company-publication-main { min-width: 0; }
.company-publication-main .kicker {
  display: block;
  margin-bottom: 4px;
}
.company-publication-main strong {
  display: block;
  font: 700 17px/1.25 Georgia,"Times New Roman",serif;
}
.company-publication-open {
  color: var(--muted);
  font-size: 12px;
  font-weight: 800;
}
.company-publication-row:hover .company-publication-open { color: var(--accent); }
@media (max-width: 720px) {
  .company-publication-history-head { display: block; }
  .company-publication-history-head > span { display: block; margin-top: 5px; }
  .company-publication-row { grid-template-columns: 1fr; gap: 4px; }
  .company-publication-open { margin-top: 3px; }
}

/* Living ticker current checkpoint */
.company-checkpoint {
  margin: 30px 0 24px;
  border: 1px solid var(--line);
  border-top: 2px solid var(--accent);
  background: var(--paper);
}
.company-checkpoint-head {
  display: flex;
  justify-content: space-between;
  align-items: baseline;
  gap: 20px;
  padding: 16px 18px;
  border-bottom: 1px solid var(--line);
}
.company-checkpoint-head strong {
  font-size: 12px;
  color: var(--muted);
}
.company-checkpoint-grid {
  display: grid;
  grid-template-columns: repeat(3,minmax(0,1fr));
}
.company-checkpoint-grid > div {
  min-width: 0;
  padding: 18px;
  border-right: 1px solid var(--line);
}
.company-checkpoint-grid > div:last-child { border-right: 0; }
.company-checkpoint-grid p {
  margin: 7px 0 0;
  font-size: 14px;
  line-height: 1.55;
}
@media (max-width: 720px) {
  .company-checkpoint-head { display: block; }
  .company-checkpoint-head strong { display: block; margin-top: 5px; }
  .company-checkpoint-grid { grid-template-columns: 1fr; }
  .company-checkpoint-grid > div,
  .company-checkpoint-grid > div:last-child {
    border-right: 0;
    border-bottom: 1px solid var(--line);
  }
  .company-checkpoint-grid > div:last-child { border-bottom: 0; }
}



/* Header logo preview */
.wordmark-logo {
  display:block;
  width:132px;
  flex:0 0 auto;
  line-height:0;
}
.wordmark-logo img {
  width:100%;
  height:auto;
  display:block;
}
@media(max-width:780px){
  .wordmark-logo { width:112px; }
}


/* Active-sleeve performance clarity */
.performance-winner-summary {
  padding: 20px 18px 18px;
  border-bottom: 1px solid var(--line);
  background: var(--paper);
}
.performance-winner-summary .kicker { color: var(--accent); }
.performance-winner-summary strong {
  display: block;
  margin: 5px 0 6px;
  font: 700 clamp(28px,3.4vw,40px)/1.02 Georgia,"Times New Roman",serif;
  letter-spacing: -.02em;
}
.performance-winner-summary p {
  margin: 0;
  color: var(--muted);
  font-size: 13px;
  line-height: 1.5;
}
.performance-scorecard-grid { grid-template-columns: repeat(3,minmax(0,1fr)); }
.performance-gap {
  display: block;
  margin-top: 9px;
  color: var(--accent);
  font-size: 13px;
  line-height: 1.25;
}
@media (max-width:760px) {
  .performance-scorecard-grid { grid-template-columns: 1fr; }
  .performance-scorecard-grid > div {
    border-right: 0;
    border-bottom: 1px solid var(--line);
  }
  .performance-scorecard-grid > div:last-child { border-bottom: 0; }
}


/* Owned living-page simplification */
.company-now {
  margin: 0 0 34px;
  padding: 18px 20px;
  border: 1px solid var(--line);
  background: var(--paper);
}
.company-now-head {
  display: flex;
  justify-content: space-between;
  gap: 24px;
  align-items: baseline;
}
.company-now-head strong {
  font: 700 clamp(22px,3vw,30px)/1.15 Georgia,"Times New Roman",serif;
  letter-spacing: -.015em;
}
.company-now-meta {
  display: flex;
  flex-wrap: wrap;
  gap: 8px 18px;
  margin-top: 13px;
  color: var(--muted);
  font-size: 13px;
}
.company-now-action { color: var(--ink); font-weight: 800; }
.company-now-review {
  display: block;
  margin-top: 12px;
  color: var(--muted);
  font-size: 11px;
}
.company-review-delta {
  max-width: 860px;
  margin: 28px 0 20px;
  padding: 16px 18px;
  border-left: 3px solid var(--accent);
  background: var(--paper);
}
.company-review-delta p { margin: 7px 0 0; line-height: 1.55; }
.owned-snapshot .holding-snapshot-grid { grid-template-columns: repeat(4,minmax(0,1fr)); }
.owned-buy-framework .buy-framework-state {
  margin: 12px 0 16px;
  font: 700 20px/1.3 Georgia,"Times New Roman",serif;
}
.owned-buy-framework .buy-band-table td:nth-child(3) { white-space: nowrap; }
.thesis-triggers { margin-top: 32px; padding-top: 26px; border-top: 1px solid var(--line); }
.thesis-trigger-grid {
  display: grid;
  grid-template-columns: 1fr 1fr;
  gap: 16px;
  margin-top: 16px;
}
.thesis-trigger-grid > div {
  padding: 18px;
  border: 1px solid var(--line);
  background: var(--paper);
}
.thesis-trigger-grid p { margin: 8px 0 0; line-height: 1.55; }
@media (max-width:720px) {
  .company-now-head { display:block; }
  .company-now-head strong { display:block; margin-top:6px; }
  .owned-snapshot .holding-snapshot-grid,
  .thesis-trigger-grid { grid-template-columns:1fr; }
}