@layer theme{:root,:host{--font-sans:-apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", "Noto Sans", Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji";--font-mono:ui-monospace, SFMono-Regular, Menlo, Monaco, Consolas, "Liberation Mono", "Courier New", monospace;--default-font-family:var(--font-sans);--default-mono-font-family:var(--font-mono)}}@layer base{*,:after,:before,::backdrop{box-sizing:border-box;border:0 solid;margin:0;padding:0}::file-selector-button{box-sizing:border-box;border:0 solid;margin:0;padding:0}html,:host{-webkit-text-size-adjust:100%;tab-size:4;line-height:1.5;font-family:var(--default-font-family,-apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", "Noto Sans", Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol", "Noto Color Emoji");font-feature-settings:var(--default-font-feature-settings,normal);font-variation-settings:var(--default-font-variation-settings,normal);-webkit-tap-highlight-color:transparent}hr{height:0;color:inherit;border-top-width:1px}abbr:where([title]){-webkit-text-decoration:underline dotted;text-decoration:underline dotted}h1,h2,h3,h4,h5,h6{font-size:inherit;font-weight:inherit}a{color:inherit;-webkit-text-decoration:inherit;-webkit-text-decoration:inherit;-webkit-text-decoration:inherit;-webkit-text-decoration:inherit;text-decoration:inherit}b,strong{font-weight:bolder}code,kbd,samp,pre{font-family:var(--default-mono-font-family,ui-monospace, SFMono-Regular, Menlo, Monaco, Consolas, "Liberation Mono", "Courier New", monospace);font-feature-settings:var(--default-mono-font-feature-settings,normal);font-variation-settings:var(--default-mono-font-variation-settings,normal);font-size:1em}small{font-size:80%}sub,sup{vertical-align:baseline;font-size:75%;line-height:0;position:relative}sub{bottom:-.25em}sup{top:-.5em}table{text-indent:0;border-color:inherit;border-collapse:collapse}:-moz-focusring:where(:not(iframe)){outline:auto}progress{vertical-align:baseline}summary{display:list-item}ol,ul,menu{list-style:none}img,svg,video,canvas,audio,iframe,embed,object{vertical-align:middle;display:block}img,video{max-width:100%;height:auto}button,input,select,optgroup,textarea{font:inherit;font-feature-settings:inherit;font-variation-settings:inherit;letter-spacing:inherit;color:inherit;opacity:1;background-color:#0000;border-radius:0}::file-selector-button{font:inherit;font-feature-settings:inherit;font-variation-settings:inherit;letter-spacing:inherit;color:inherit;opacity:1;background-color:#0000;border-radius:0}:where(select:is([multiple],[size])) optgroup{font-weight:bolder}:where(select:is([multiple],[size])) optgroup option{padding-inline-start:20px}::file-selector-button{margin-inline-end:4px}::placeholder{opacity:1}@supports (not ((-webkit-appearance:-apple-pay-button))) or (contain-intrinsic-size:1px){::placeholder{color:currentColor}@supports (color:color-mix(in lab, red, red)){::placeholder{color:color-mix(in oklab, currentcolor 50%, transparent)}}}textarea{resize:vertical}::-webkit-search-decoration{-webkit-appearance:none}::-webkit-date-and-time-value{min-height:1lh;text-align:inherit}::-webkit-datetime-edit{display:inline-flex}::-webkit-datetime-edit-fields-wrapper{padding:0}::-webkit-datetime-edit{padding-block:0}::-webkit-datetime-edit-year-field{padding-block:0}::-webkit-datetime-edit-month-field{padding-block:0}::-webkit-datetime-edit-day-field{padding-block:0}::-webkit-datetime-edit-hour-field{padding-block:0}::-webkit-datetime-edit-minute-field{padding-block:0}::-webkit-datetime-edit-second-field{padding-block:0}::-webkit-datetime-edit-millisecond-field{padding-block:0}::-webkit-datetime-edit-meridiem-field{padding-block:0}::-webkit-calendar-picker-indicator{line-height:1}:-moz-ui-invalid{box-shadow:none}button,input:where([type=button],[type=reset],[type=submit]){appearance:button}::file-selector-button{appearance:button}::-webkit-inner-spin-button{height:auto}::-webkit-outer-spin-button{height:auto}[hidden]:where(:not([hidden=until-found])){display:none!important}}@layer components;@layer utilities{.collapse{visibility:collapse}.visible{visibility:visible}.fixed{position:fixed}.table{display:table}.grow{flex-grow:1}}:root{--navy:#07111f;--navy-2:#0c1b2e;--gold:#d9ae57;--gold-light:#f0d792;--paper:#f5f1e8;--ink:#101722;--muted:#66707d;--line:#d9d5cc;--white:#fff}*{box-sizing:border-box}html{scroll-behavior:smooth}body{background:var(--paper);color:var(--ink);margin:0;font-family:Arial,Helvetica,sans-serif;font-size:16px;line-height:1.6}a{color:inherit;text-decoration:none}.site-frame{min-height:100vh;overflow:hidden}.shell{width:min(1180px,100% - 48px);margin-inline:auto}.site-header{background:var(--navy);color:#fff;z-index:10;border-bottom:1px solid #ffffff1f;height:82px;position:relative}.nav-wrap{align-items:center;gap:42px;height:100%;display:flex}.brand{letter-spacing:.12em;white-space:nowrap;align-items:center;gap:12px;font-size:12px;font-weight:500;line-height:1.05;display:flex}.brand b{color:var(--gold);font-weight:800}.brand-mark{align-items:end;gap:3px;width:26px;height:28px;padding-bottom:1px;display:flex}.brand-mark i{background:var(--gold);width:6px;display:block}.brand-mark i:first-child{height:11px}.brand-mark i:nth-child(2){height:19px}.brand-mark i:nth-child(3){height:27px}.site-header nav{gap:30px;margin-left:auto;display:flex}.site-header nav a{color:#c8d0db;font-size:14px;transition:all .2s}.site-header nav a:hover{color:#fff}.nav-cta{color:var(--gold-light);border:1px solid #d9ae57a6;padding:10px 16px;font-size:13px}.hero{background:var(--navy);color:#fff;grid-template-columns:.83fr 1.17fr;width:100%;max-width:none;min-height:630px;padding-left:max(24px,50vw - 590px);padding-right:0;display:grid}.hero-copy{align-self:center;padding:108px 64px 80px 0}.eyebrow{color:#9a6e19;text-transform:uppercase;letter-spacing:.16em;margin:0 0 16px;font-size:12px;font-weight:800}.hero .eyebrow{color:var(--gold-light);align-items:center;gap:9px;display:flex}.hero .eyebrow span{background:var(--gold);width:25px;height:1px}.hero h1{letter-spacing:-.045em;max-width:640px;margin:0;font-family:Georgia,Times New Roman,serif;font-size:clamp(50px,5.2vw,78px);font-weight:500;line-height:.97}.hero-deck{color:#bcc5d0;max-width:560px;margin:28px 0 36px;font-family:Georgia,serif;font-size:20px;line-height:1.5}.hero-actions{flex-wrap:wrap;align-items:center;gap:26px;display:flex}.button{justify-content:center;align-items:center;gap:10px;padding:14px 19px;font-size:14px;font-weight:700;transition:all .2s;display:inline-flex}.button-gold{background:var(--gold);color:var(--navy)}.button-gold:hover{background:var(--gold-light);transform:translateY(-1px)}.text-link{color:#d9e0e8;border-bottom:1px solid #687383;align-items:center;gap:7px;padding-bottom:4px;font-size:14px;display:inline-flex}.hero-art{border-left:1px solid #ffffff1a;min-width:0;position:relative;overflow:hidden}.hero-art:after{content:"";pointer-events:none;background:linear-gradient(90deg,#07111f80,#0000 35%);position:absolute;inset:0}.hero-art img{object-fit:cover;object-position:center;width:100%;height:100%;display:block}.hero-caption{z-index:2;color:#e9e3d7;letter-spacing:.13em;border-top:1px solid #ffffff59;justify-content:space-between;padding-top:12px;font-size:11px;display:flex;position:absolute;bottom:22px;left:28px;right:28px}.signal-strip{border-bottom:1px solid var(--line);background:#fff}.signal-grid{grid-template-columns:repeat(4,1fr);display:grid}.signal{border-right:1px solid var(--line);align-items:center;gap:14px;min-height:112px;padding:25px 22px;display:flex}.signal:first-child{border-left:1px solid var(--line)}.signal strong{color:var(--navy);font:500 34px/1 Georgia,serif}.signal div{flex-direction:column;display:flex}.signal span{text-transform:uppercase;letter-spacing:.07em;font-size:13px;font-weight:800}.signal small{color:var(--muted);font-size:12px}.editorial-note{color:var(--navy);background:#f0eadc}.editorial-note svg{color:#9a6e19;flex:none}.section{padding-block:100px}.section-heading{border-bottom:1px solid var(--line);grid-template-columns:1fr 380px;align-items:end;gap:50px;margin-bottom:38px;padding-bottom:31px;display:grid}.section-heading h2,.intelligence h2{letter-spacing:-.035em;margin:0;font:500 clamp(38px,4.5vw,58px)/1.02 Georgia,serif}.section-heading p:last-child{color:var(--muted);margin:0}.feature-grid{grid-template-columns:1.15fr .85fr;gap:36px;display:grid}.lead-story{border:1px solid var(--line);background:#fff;transition:all .2s;display:block}.lead-story:hover,.tool-card:hover{transform:translateY(-3px);box-shadow:0 18px 45px #0e17221a}.lead-visual{background:var(--navy-2);height:330px;padding:50px 45px 33px;position:relative;overflow:hidden}.grid-lines{opacity:.16;background-image:linear-gradient(#ffffff59 1px,#0000 1px),linear-gradient(90deg,#ffffff59 1px,#0000 1px);background-size:44px 44px;position:absolute;inset:0}.stair-stack{z-index:1;align-items:flex-end;gap:11px;height:210px;display:flex;position:relative}.stair-stack span{background:linear-gradient(180deg,var(--gold-light),#85601e);flex:1;min-width:20px;position:relative}.stair-stack i{color:#b5bdc9;font-size:11px;font-style:normal;position:absolute;top:-25px;left:50%;transform:translate(-50%)}.chart-label{z-index:1;color:#9ba8b8;letter-spacing:.12em;text-transform:uppercase;font-size:11px;position:absolute;bottom:13px;left:45px}.story-copy{padding:31px 34px 35px}.kicker{text-transform:uppercase;letter-spacing:.13em;font-weight:800;color:#9a6e19!important;margin:0 0 10px!important;font-size:11px!important}.story-copy h3,.story-row h3,.tool-card h3,.intelligence-list h3{letter-spacing:-.025em;margin:0;font:500 29px/1.15 Georgia,serif}.story-copy>p:not(.kicker),.story-row>div>p:last-child{color:var(--muted);margin:14px 0}.read-more,.tool-card>span{text-transform:uppercase;letter-spacing:.1em;align-items:center;gap:7px;margin-top:25px;font-size:11px;font-weight:800;display:flex}.story-stack{border-top:1px solid var(--line)}.story-row{border-bottom:1px solid var(--line);grid-template-columns:42px 1fr 24px;align-items:start;gap:16px;padding:27px 4px;display:grid}.story-number{color:#9a6e19;font:500 17px Georgia,serif}.story-row h3{font-size:23px}.story-row>div>p:last-child{margin-bottom:0;font-size:14px;line-height:1.5}.story-arrow{margin-top:28px;transition:all .2s}.story-row:hover .story-arrow{color:#9a6e19;transform:translate(4px)}.dark-section{background:var(--navy);color:#fff;padding:100px 0}.section-heading.inverse{border-color:#334054}.inverse .eyebrow{color:var(--gold)}.inverse>p{color:#aeb8c5!important}.engine-chart{background:#344052;border:1px solid #344052;grid-template-columns:repeat(4,1fr);gap:1px;display:grid}.engine{background:var(--navy-2);min-height:190px;padding:30px 25px}.engine-top{justify-content:space-between;margin-bottom:42px;display:flex}.engine-top span{color:#68798d;font:15px Georgia,serif}.engine-top strong{font:500 22px Georgia,serif}.engine-meter{background:#2e3b4d;height:4px;margin-bottom:18px}.engine-meter i{background:var(--gold);height:100%;display:block}.engine p{color:#9eabba;margin:0;font-size:14px}.tool-grid{grid-template-columns:1.1fr .95fr .95fr;gap:18px;display:grid}.tool-card{border:1px solid var(--line);background:#fff;flex-direction:column;min-height:330px;padding:33px 30px;transition:all .2s;display:flex}.tool-card>svg{color:#9a6e19;margin-bottom:38px}.tool-card h3{font-size:27px}.tool-card>p:not(.kicker){color:var(--muted);font-size:15px}.tool-card>span{margin-top:auto}.featured-tool{background:#efe4c9;border-color:#d5c399}.intelligence{border-top:1px solid var(--line);grid-template-columns:.85fr 1.15fr;gap:90px;display:grid}.intelligence-copy>p:not(.eyebrow){color:var(--muted);max-width:470px;margin:25px 0 30px}.button-dark{background:var(--navy);color:#fff}.intelligence-list{border-top:1px solid var(--line)}.intelligence-list>a{border-bottom:1px solid var(--line);justify-content:space-between;align-items:center;padding:25px 4px;display:flex}.intelligence-list h3{font-size:22px}.intelligence-list>a:hover svg{color:#9a6e19;transform:translate(4px)}.site-footer{color:#aeb8c5;background:#050c16;padding:72px 0 24px}.footer-grid{grid-template-columns:1.4fr .6fr .6fr 1fr;gap:60px;display:grid}.footer-brand{color:#fff;margin-bottom:20px}.footer-grid p{max-width:290px;font-size:14px}.footer-grid h4{color:var(--gold-light);text-transform:uppercase;letter-spacing:.13em;margin:0 0 18px;font-size:12px}.footer-grid>div:not(:first-child){flex-direction:column;gap:9px;display:flex}.footer-grid a:not(.brand){font-size:14px}.copyright{border-top:1px solid #263140;justify-content:space-between;margin-top:55px;padding-top:20px;font-size:12px;display:flex}.page-intro{border-bottom:1px solid var(--line);padding:85px 0 55px}.page-intro h1,.article-header h1,.policy-page h1{letter-spacing:-.045em;margin:0;font:500 clamp(48px,6vw,78px)/.98 Georgia,serif}.page-intro>p:last-child{color:var(--muted);max-width:650px;font:20px Georgia,serif}.models{padding:20px 0 100px}.model{border-bottom:1px solid var(--line);padding:60px 0;scroll-margin-top:30px}.model-title{align-items:center;gap:17px;margin-bottom:30px;display:flex}.model-title>svg{color:#9a6e19}.model-title h2{margin:0;font:500 34px Georgia,serif}.model-body{grid-template-columns:.8fr 1.2fr;gap:55px;display:grid}.model-inputs{grid-template-columns:1fr 1fr;gap:15px;display:grid}.model-field>span{letter-spacing:.07em;text-transform:uppercase;margin-bottom:7px;font-size:12px;font-weight:800;display:block}.model-field>div{border:1px solid var(--line);background:#fff;align-items:center;padding:0 13px;display:flex}.model-field b{color:#8c641a}.model-field input{width:100%;color:var(--ink);background:0 0;border:0;outline:0;padding:13px 8px;font-size:16px}.model-output{background:var(--navy);color:#fff;min-height:220px;padding:31px 34px}.model-output>span{color:#aeb8c5;text-transform:uppercase;letter-spacing:.11em;font-size:12px;display:block}.model-output>strong{color:var(--gold-light);margin:8px 0 26px;font:500 clamp(34px,4vw,52px) Georgia,serif;display:block}.output-split{grid-template-columns:1fr 1fr;gap:25px;display:grid}.output-split p{color:#9eabba;margin:0;font-size:12px}.output-split b{color:#fff;font-size:17px;display:block}.bar{background:#2e3b4d;height:8px;margin-top:22px}.bar i{background:var(--gold);height:100%;display:block}.model-note{color:var(--muted);max-width:900px;margin:17px 0 0;font-size:13px}.valuation-equation{flex-wrap:wrap;align-items:center;gap:12px;display:flex}.valuation-equation p{color:#fff;margin:0;font-weight:700}.valuation-equation small{color:#8491a1;text-transform:uppercase;font-size:10px;display:block}.valuation-equation em{color:var(--gold);font-style:normal}.minor-result,.timeline-detail{color:#aeb8c5;font-size:13px}.minor-result b,.timeline-detail b{color:#fff}.article-page{padding:60px 0 100px}.back-link{align-items:center;gap:7px;margin-bottom:55px;font-size:13px;display:inline-flex}.article-header{max-width:920px;margin-bottom:65px}.article-header h1{max-width:900px}.article-header>p:not(.eyebrow){color:var(--muted);max-width:760px;font:22px/1.5 Georgia,serif}.article-meta{letter-spacing:.12em;color:#7b8490;gap:25px;margin-top:30px;font-size:11px;display:flex}.article-layout{border-top:1px solid var(--line);grid-template-columns:230px 1fr;gap:75px;padding-top:50px;display:grid}.article-layout aside{flex-direction:column;align-self:start;gap:12px;display:flex;position:sticky;top:30px}.article-layout aside span{letter-spacing:.13em;color:#9a6e19;margin-bottom:8px;font-size:11px;font-weight:800}.article-layout aside a{color:var(--muted);font-size:13px}.article-layout article{max-width:720px}.article-layout article section{margin-bottom:55px;scroll-margin-top:30px}.section-number{color:#9a6e19;font:15px Georgia,serif}.article-layout article h2{margin:7px 0 22px;font:500 35px/1.15 Georgia,serif}.article-layout article p{color:#2b3440;font:18px/1.75 Georgia,serif}.article-disclaimer{color:#59626e;border-left:3px solid var(--gold);background:#ebe5d8;padding:20px;font-size:13px}.next-story{border-top:1px solid var(--line);grid-template-columns:1fr auto;gap:6px;margin:80px 0 0 305px;padding-top:28px;display:grid}.next-story span{color:#9a6e19;text-transform:uppercase;letter-spacing:.13em;grid-column:1;font-size:11px}.next-story strong{font:500 25px Georgia,serif}.next-story svg{grid-area:1/2/3;align-self:center}.policy-page{max-width:900px;padding:90px 0 120px}.policy-lead{color:var(--muted);max-width:760px;margin:25px 0 65px;font:22px/1.5 Georgia,serif}.policy-page section{border-top:1px solid var(--line);grid-template-columns:210px 1fr;gap:45px;padding:31px 0;display:grid}.policy-page section h2{margin:0;font:500 24px Georgia,serif}.policy-page section p{color:#4f5966;margin:0}.policy-date{color:var(--muted);margin-top:35px;font-size:13px}@media (max-width:900px){.site-header nav{display:none}.nav-cta{margin-left:auto}.hero{grid-template-columns:1fr;padding-left:24px}.hero-copy{padding:75px 24px 70px 0}.hero-art{min-height:420px;margin-left:-24px}.signal-grid{grid-template-columns:1fr 1fr}.signal:nth-child(3){border-left:1px solid var(--line)}.feature-grid,.intelligence{grid-template-columns:1fr}.engine-chart{grid-template-columns:1fr 1fr}.tool-grid{grid-template-columns:1fr}.tool-card{min-height:280px}.footer-grid{grid-template-columns:1fr 1fr}.model-body,.article-layout{grid-template-columns:1fr}.article-layout aside{position:static}.next-story{margin-left:0}}@media (max-width:620px){.shell{width:min(100% - 32px,1180px)}.site-header{height:74px}.nav-cta{display:none}.hero{padding-left:16px}.hero-copy{padding:62px 16px 60px 0}.hero h1{font-size:50px}.hero-art{min-height:330px;margin-left:-16px}.signal-grid{grid-template-columns:1fr}.signal,.signal:nth-child(3){border-left:1px solid var(--line)}.section{padding-block:72px}.section-heading{grid-template-columns:1fr;gap:18px}.lead-visual{height:260px;padding-inline:25px}.engine-chart{grid-template-columns:1fr}.intelligence{gap:50px}.footer-grid{grid-template-columns:1fr;gap:40px}.copyright{flex-direction:column;gap:7px}.model-inputs{grid-template-columns:1fr}.model-output{padding:25px 22px}.valuation-equation{gap:8px}.article-page{padding-top:35px}.article-header h1,.page-intro h1,.policy-page h1{font-size:48px}.article-layout article p{font-size:17px}.policy-page section{grid-template-columns:1fr;gap:8px}}