Accounts are issued on review.
The full archive is for subscribers. Some of the work, the free notes and the sector letters, is open to anyone. We read every signup before we open an account, so a sentence or two on what you do helps.
What a subscription includes.
Subscribers get the full archive, every new note the moment it's published, the source ledger, and twice-quarterly calls with the research desk. Once a note is published it stays open to subscribers in perpetuity. Nothing rolls behind a delayed-open paywall later.
There's no self-serve checkout. We read each application and reply individually, so pricing is by enquiry. The three tiers below are starting points; the form on the right is how that conversation begins.
-
Individual Single credentialed reader. Full archive access, web note and PDF of record, source ledger.By enquiry
-
Desk Up to five named readers. Quarterly analyst call, source ledger, early access to sector letters.By enquiry
-
Institutional Firm-wide access for up to forty named readers. Bespoke briefings and on-request sector letters.By enquiry
The form on this page
A short introduction and the access tier requested. A sentence or two on mandate or sector focus is helpful but not required.
Editor review · 2 days
The editor reviews each request personally. Where useful, a short call follows. There is no automated onboarding; the goal is a reader list of people we know something about.
Credentialed invitation
On approval, a named invitation is sent. The first note is attached. Billing, where applicable, is annual and invoiced separately from the research relationship.
Read before you subscribe.
We publish two free notes a month, a quarterly sector letter, and the occasional editorial. The free work is a fair read on the house.