Andromeda Report

Warning: Dot-Com Companies Are Burning Up

Blockbuster IPOs, internet mania and fraud. How the Dot-Com bubble unfolded.

13 hrs ago • Giulio Bertini

2

1

The Sinking of the South Sea

In 1720, the South Sea Company promised unfathomable riches, only to plunge many into ruin. A story of greed, bribery and panic that defined the term…

Jun 19 • Giulio Bertini

4

1

2

Let the Party Begin: The Rise of High Yield

From a humble library book to a roaring trading floor: how Michael Milken brought Junk Bonds to life.

Jun 2 • Giulio Bertini

4

4

May 2026

The End of the Roaring Twenties

In 1929, a Yale economist declared American stocks had reached a permanently high plateau. Nine days later, the Wall Street Crash began unfolding.

May 19 • Giulio Bertini

6

2

April 2026

All Aboard the Grainy Train

From a muddy Chicago riverbank in 1849 to today's trillion-dollar futures market: the origin of futures contracts.

Apr 28 • Giulio Bertini

2

1

Flash Crash: The Day Apple Soared To $100,000

A bedroom trader in Hounslow. $1 trillion wiped in five minutes. Nav Sarao and the Flash Crash.

Apr 14 • Giulio Bertini

6

2

March 2026

Tesla: Driving Without Wheels

At a $1.25 trillion market cap, only 12% of Tesla's value comes from making cars. The rest is a bet on Robotaxi, Self-Driving Subscriptions, and Optimus…

Mar 24 • Giulio Bertini

3

1

2

Beating the Herd: Sizing Your Trades

Most investors focus on whether they're right. Fewer ask how much to bet on it. What blackjack and poker can teach us about probability and position…

Mar 17 • Giulio Bertini

4

2

2

How Iran Tipped the Scales

The Iran conflict has repriced global rate expectations from cuts to holds. Here's what to expect from the Fed, ECB and BoE next week.

Mar 12 • Giulio Bertini

8

4

Looking Through Chaos: Why Wars Don't Crash Markets

Since WWII, US stocks have averaged 6% returns in the 12 months after war breaks out.

Mar 10 • Giulio Bertini

9

2

4

February 2026

Why Benchmarks Win

A structural explanation for why benchmark assets outperform in the long-run, and why capital concentrates there.

Feb 24 • Giulio Bertini

5

2

2

Resilient Markets, Concentrated Risk and the Bid for Gold

Supportive macro conditions, elevated S&P 500 concentration and gold’s outperformance.

Feb 17 • Giulio Bertini

7

4

2