@layer properties{@supports (((-webkit-hyphens:none)) and (not (margin-trim:inline))) or ((-moz-orient:inline) and (not (color:rgb(from red r g b)))){*,:before,:after,::backdrop{--tw-border-style:solid;--tw-blur:initial;--tw-brightness:initial;--tw-contrast:initial;--tw-grayscale:initial;--tw-hue-rotate:initial;--tw-invert:initial;--tw-opacity:initial;--tw-saturate:initial;--tw-sepia:initial;--tw-drop-shadow:initial;--tw-drop-shadow-color:initial;--tw-drop-shadow-alpha:100%;--tw-drop-shadow-size:initial}}}@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{.visible{visibility:visible}.sr-only{clip-path:inset(50%);white-space:nowrap;border-width:0;width:1px;height:1px;margin:-1px;padding:0;position:absolute;overflow:hidden}.absolute{position:absolute}.fixed{position:fixed}.relative{position:relative}.static{position:static}.container{width:100%}@media (min-width:40rem){.container{max-width:40rem}}@media (min-width:48rem){.container{max-width:48rem}}@media (min-width:64rem){.container{max-width:64rem}}@media (min-width:80rem){.container{max-width:80rem}}@media (min-width:96rem){.container{max-width:96rem}}.block{display:block}.contents{display:contents}.hidden{display:none}.inline{display:inline}.table{display:table}.resize{resize:both}.truncate{text-overflow:ellipsis;white-space:nowrap;overflow:hidden}.rounded{border-radius:.25rem}.border{border-style:var(--tw-border-style);border-width:1px}.filter{filter:var(--tw-blur,) var(--tw-brightness,) var(--tw-contrast,) var(--tw-grayscale,) var(--tw-hue-rotate,) var(--tw-invert,) var(--tw-saturate,) var(--tw-sepia,) var(--tw-drop-shadow,)}}:root{--burgundy-main:#6b102a;--burgundy-dark:#450a1b;--burgundy-light:#e8d5da;--background:#f7f4ef;--surface:#fbfaf7;--text-primary:#181516;--text-secondary:var(--text-primary);--border:#d9d3ce;--focus:#6b102a}*{box-sizing:border-box}html{background:var(--background);scroll-behavior:smooth}body{color:var(--text-primary);background:var(--background);margin:0;font-family:Pretendard,Noto Sans KR,ui-sans-serif,system-ui,-apple-system,BlinkMacSystemFont,Segoe UI,sans-serif;line-height:1.6}a{color:inherit;text-decoration:none}button,input,select{font:inherit}button{cursor:pointer}button,a,input,select{-webkit-tap-highlight-color:transparent}:focus-visible{outline:2px solid var(--focus);outline-offset:3px}.mono,.eyebrow,.meta,.report-number,.pagination,.filter-select,.slide-counter{font-family:IBM Plex Mono,SFMono-Regular,Consolas,Liberation Mono,monospace}.sr-only{clip:rect(0, 0, 0, 0);white-space:nowrap;border:0;width:1px;height:1px;margin:-1px;padding:0;position:absolute;overflow:hidden}.app-shell{min-height:100dvh}.main{min-height:100dvh;margin-left:248px}.content-frame{width:min(100%,1276px);margin:0 auto;padding:52px 48px 88px}.article-frame{width:min(100%,760px);margin:0 auto;padding:56px 0 100px}.sidebar{z-index:20;border-right:1px solid var(--border);background:#f0ece5;flex-direction:column;width:248px;height:100dvh;padding:43px 29px 27px;display:flex;position:fixed;inset:0 auto 0 0}.brand{color:var(--burgundy-dark);letter-spacing:-.06em;white-space:nowrap;font-size:28px;font-weight:800;line-height:1.4}.sidebar nav{margin-top:56px}.nav-list,.subnav-list{gap:7px;margin:0;padding:0;list-style:none;display:grid}.subnav-list{gap:3px;margin:4px 0 4px 16px}.nav-link{width:fit-content;color:var(--text-secondary);padding:4px 0 4px 12px;font-size:14px;display:block;position:relative}.nav-link:before{content:"";background:0 0;border-radius:50%;width:4px;height:4px;position:absolute;top:50%;left:0;transform:translateY(-50%)}.nav-link:hover,.nav-link[aria-current=page]{color:var(--burgundy-main)}.nav-link[aria-current=page]:before{background:var(--burgundy-main)}.nav-list>li{border-bottom:1px solid var(--border);padding:12px 0}.nav-list>li>.nav-link{width:100%;color:var(--text-primary);padding:10px 12px;font-size:19px;font-weight:700}.nav-list>li>.nav-link[aria-current=page]{background:var(--burgundy-light);color:var(--burgundy-dark);border-left:3px solid var(--burgundy-main)}.nav-link:before{display:none}.subnav-list{border-left:2px solid var(--border);margin:10px 0 2px 20px}.subnav-list .nav-link{padding:7px 14px;font-size:16px}.sidebar{overflow-y:auto}.sidebar-search{color:var(--text-secondary);margin-top:auto;font-size:13px}.sidebar-search:hover{color:var(--burgundy-main)}.mobile-header{display:none}.section-kicker{color:var(--burgundy-main);letter-spacing:.12em;align-items:center;gap:12px;margin:0 0 15px;font:700 11px/1.2 IBM Plex Mono,ui-monospace,monospace;display:flex}.section-kicker:after{content:"";background:var(--burgundy-main);width:34px;height:1px}.page-heading{letter-spacing:-.055em;margin:0 0 27px;font-size:clamp(27px,3vw,38px);line-height:1.2}.home-channel-links{flex-wrap:wrap;justify-content:flex-end;gap:8px;margin:-12px 0 26px;display:flex}.home-channel-links a{border:1px solid var(--border);color:var(--burgundy-main);background:var(--surface);letter-spacing:.02em;padding:7px 10px;font:700 11px/1.2 IBM Plex Mono,monospace}.home-channel-links a:hover{border-color:var(--burgundy-main);background:var(--burgundy-light)}.featured{margin-bottom:62px}.featured-viewport{border:1px solid var(--border);background:var(--surface);overflow:hidden}.featured-track{touch-action:pan-y pinch-zoom;display:flex}.featured-slide{flex:0 0 100%;min-width:0}.featured-link{grid-template-columns:58% 42%;min-height:390px;display:grid}.featured-image{background:var(--burgundy-light);min-height:260px;position:relative;overflow:hidden}.featured-image img{object-fit:contain}.image-fallback{height:100%;min-height:inherit;color:var(--burgundy-dark);letter-spacing:.16em;background:linear-gradient(135deg,#eadad5,#d9c4c7);place-items:end start;padding:27px;font:700 10px/1 IBM Plex Mono,monospace;display:grid}.featured-copy{border-left:1px solid var(--border);overflow-wrap:anywhere;flex-direction:column;justify-content:center;min-width:0;padding:32px 28px;display:flex}.featured-heading{letter-spacing:-.04em;font-family:inherit;font-size:clamp(18px,2vw,24px);line-height:1.4}.featured-link{grid-template-columns:minmax(0,1fr) minmax(0,1fr)}.featured-title{word-break:keep-all}.autoplay-button{border:1px solid var(--border);background:var(--surface);color:var(--burgundy-main);padding:4px 10px;font-size:12px}.post-kind{color:var(--burgundy-main);letter-spacing:.075em;text-transform:uppercase;font:700 11px/1.4 IBM Plex Mono,monospace}.post-kind[data-content-type=comment]{letter-spacing:-.02em;text-transform:none;font-size:16px;font-weight:800}.topic-line{color:var(--text-secondary);flex-wrap:wrap;gap:6px;font-size:12px;display:flex}.featured .topic-line{margin-top:13px}.featured-title{letter-spacing:-.06em;margin:18px 0 11px;font-size:clamp(25px,2.4vw,37px);line-height:1.25}.featured-description{color:var(--text-secondary);margin:0;font-size:15px;line-height:1.7}.featured .meta{margin-top:24px}.meta{color:var(--text-secondary);letter-spacing:-.01em;font-size:11px}.featured-controls{justify-content:space-between;align-items:center;margin-top:15px;display:flex}.slide-buttons{gap:7px;display:flex}.icon-button{border:1px solid var(--border);width:34px;height:34px;color:var(--burgundy-main);background:0 0;border-radius:0;place-items:center;display:inline-grid}.icon-button:hover{border-color:var(--burgundy-main);background:var(--burgundy-light)}.slide-counter{color:var(--text-secondary);letter-spacing:.05em;font-size:11px}.slider-dots{gap:5px;display:flex}.slider-dot{background:var(--border);border:0;width:20px;height:2px;padding:0}.slider-dot[data-selected=true]{background:var(--burgundy-main)}.explorer{border-top:1px solid var(--text-primary);border-bottom:1px solid var(--border);margin-bottom:3px;padding:28px 0 31px}.filter-block+.filter-block{margin-top:20px}.filter-label{color:var(--text-secondary);letter-spacing:.1em;margin:0 0 9px;font:700 10px/1.2 IBM Plex Mono,monospace}.filter-row{flex-wrap:wrap;align-items:center;gap:7px;display:flex}.filter-chip{border:1px solid var(--border);color:var(--text-secondary);white-space:nowrap;background:0 0;padding:6px 11px;font-size:13px;line-height:1.25;display:inline-block}.filter-chip:hover,.filter-chip[data-active=true]{color:var(--burgundy-main);border-color:var(--burgundy-main);background:#f3e7e8}.filter-bottom{justify-content:space-between;align-items:end;gap:18px;margin-top:21px;display:flex}.filter-select{border:1px solid var(--border);min-width:114px;color:var(--text-primary);background:var(--surface);border-radius:0;padding:7px 27px 7px 9px;font-size:12px}.search-form{border-bottom:1px solid var(--border);max-width:330px;display:flex}.search-form input{width:100%;min-width:0;color:var(--text-primary);background:0 0;border:0;outline:0;flex:auto;padding:7px 0;font-size:13px}.search-form input::placeholder{color:var(--text-primary)}.search-form button{color:var(--burgundy-main);white-space:nowrap;background:0 0;border:0;flex:none;padding:0 0 0 12px;font-size:12px}.feed{margin-top:4px}.feed-item{border-bottom:1px solid var(--border);justify-content:space-between;align-items:flex-start;gap:24px;padding:29px 0 27px;display:flex}.feed-copy{flex:auto;min-width:0}.feed-thumbnail{aspect-ratio:4/3;border:1px solid var(--border);background:var(--burgundy-light);flex:0 0 112px;width:112px;display:block;position:relative;overflow:hidden}.feed-thumbnail img{object-fit:cover}.feed-item:hover .feed-title{color:var(--burgundy-main)}.feed-title{letter-spacing:-.052em;margin:9px 0 7px;font-size:clamp(21px,2vw,27px);line-height:1.33}.feed-description{max-width:720px;color:var(--text-secondary);margin:0;font-size:14px}.feed-footer{flex-wrap:wrap;gap:10px;margin-top:16px;display:flex}.feed-footer span+span:before{content:"·";color:var(--border);margin-right:10px}.empty-state{color:var(--text-secondary);text-align:center;border-bottom:1px solid var(--border);padding:54px 0}.empty-state strong{color:var(--text-primary);margin-bottom:8px;font-weight:650;display:block}.card-grid{grid-template-columns:repeat(3,minmax(0,1fr));gap:30px 20px;display:grid}.card-item{display:block}.card-thumb{aspect-ratio:4/3;background:var(--burgundy-light);border:1px solid var(--border);position:relative;overflow:hidden}.card-thumb img{object-fit:cover}.card-item .image-fallback{padding:18px}.card-title{letter-spacing:-.045em;margin:11px 0 5px;font-size:18px;line-height:1.4}.card-item:hover .card-title{color:var(--burgundy-main)}.card-item .topic-line{font-size:11px}.report-list-header{justify-content:space-between;align-items:baseline;margin:0 0 12px;display:flex}.report-list-header .filter-row{gap:4px}.report-list-header .filter-chip{padding:5px 8px;font-size:12px}.report-number{color:var(--burgundy-main);letter-spacing:.08em;font-size:11px}.pagination{justify-content:center;gap:6px;padding:35px 0 0;font-size:12px;display:flex}.pagination a,.pagination span{border:1px solid var(--border);place-items:center;min-width:32px;height:32px;display:grid}.pagination a:hover,.pagination [aria-current=page]{border-color:var(--burgundy-main);color:var(--burgundy-main);background:#f3e7e8}.article-header{border-bottom:1px solid var(--text-primary);padding-bottom:31px}.article-header .topic-line{margin:14px 0 16px}.article-title{letter-spacing:-.067em;margin:0;font-size:clamp(31px,4vw,50px);line-height:1.19}.article-description{color:var(--text-secondary);margin:18px 0 0;font-size:17px;line-height:1.75}.article-meta-grid{flex-wrap:wrap;gap:18px;margin-top:29px;display:flex}.article-meta-grid div{gap:4px;display:grid}.article-meta-grid dt{color:var(--text-secondary);letter-spacing:.08em;font:700 10px/1.2 IBM Plex Mono,monospace}.article-meta-grid dd{color:var(--text-primary);margin:0;font:12px/1.4 IBM Plex Mono,monospace}.article-meta-grid dd.article-meta-emphasis{color:#000;font:800 12px/1.4 IBM Plex Mono,monospace}.article-cover{aspect-ratio:16/8;background:var(--burgundy-light);border:1px solid var(--border);margin:32px 0 37px;position:relative;overflow:hidden}.article-cover img{object-fit:cover}.card-stack{gap:18px;margin:35px 0 43px;display:grid}.card-stack figure{margin:0}.card-stack .card-image{aspect-ratio:4/3;background:var(--burgundy-light);border:1px solid var(--border);position:relative;overflow:hidden}.card-stack .card-image img{object-fit:contain}.card-stack figcaption{color:var(--text-secondary);margin-top:7px;font-size:12px}.original-images{gap:28px;margin:32px 0;display:grid}.original-images figure{margin:0}.original-image-button{cursor:zoom-in;background:0 0;border:0;width:100%;padding:0;display:block}.original-image-button img{width:100%;height:auto;display:block}.original-images figcaption{color:var(--text-secondary);margin-top:8px;font-size:13px}.original-image-dialog{background:var(--surface);border:0;width:96vw;max-width:1600px;max-height:96dvh;padding:16px}.original-image-dialog::backdrop{background:#000c}.image-dialog-controls{justify-content:flex-end;gap:8px;display:flex;position:sticky;top:0;left:0}.image-dialog-controls button{background:var(--surface);border:1px solid var(--border);cursor:pointer;padding:10px 18px}.original-image-dialog img{width:100%;height:auto;margin-top:12px;display:block}.original-image-dialog.actual-size img{width:auto;max-width:none}.markdown{padding:36px 0 10px;font-size:16px;line-height:1.86}.markdown>:first-child{margin-top:0}.markdown h1,.markdown h2,.markdown h3{letter-spacing:-.052em;margin:2.3em 0 .76em;line-height:1.31}.markdown h1{font-size:31px}.markdown h2{font-size:24px}.markdown h3{font-size:19px}.markdown p,.markdown ul,.markdown ol{margin:1.1em 0}.markdown li+li{margin-top:.35em}.markdown blockquote{color:var(--text-secondary);border-left:2px solid var(--burgundy-main);margin:1.6em 0;padding:2px 0 2px 20px}.markdown hr{border:0;border-top:1px solid var(--border);margin:2.2em 0}.markdown a{color:var(--burgundy-main);text-underline-offset:3px;text-decoration:underline;text-decoration-thickness:1px}.markdown :not(pre)>code{color:var(--burgundy-dark);background:#eee7e1;padding:.1em .28em;font:.85em IBM Plex Mono,monospace}.markdown pre{color:#f7f4ef;background:#2b2022;padding:17px;overflow-x:auto}.markdown pre code{font:12px/1.6 IBM Plex Mono,monospace}.markdown table{border-collapse:collapse;white-space:nowrap;max-width:100%;display:block;overflow-x:auto}.markdown th,.markdown td{border:1px solid var(--border);text-align:left;padding:9px 11px}.markdown th{background:#eee9e2}.markdown img{max-width:100%;height:auto}.article-section{border-top:1px solid var(--border);margin-top:48px;padding-top:25px}.article-section h2{color:var(--burgundy-main);letter-spacing:.1em;margin:0 0 18px;font:700 11px/1.2 IBM Plex Mono,monospace}.source-list,.update-list{margin:0;padding:0;list-style:none}.source-list li,.update-list li{border-bottom:1px solid #e3ded9;padding:13px 0}.source-list a{color:var(--burgundy-main);text-underline-offset:3px;text-decoration:underline}.source-sub{color:var(--text-secondary);margin-top:3px;font-size:12px;display:block}.related-list{gap:0;display:grid}.related-list .feed-item{padding:20px 0}.related-list .feed-title{font-size:19px}.about{max-width:720px;padding-top:4px}.about .page-heading{color:var(--text-primary);font-weight:700}.about p{color:var(--text-primary);font-size:16px;font-weight:700}.about strong{color:var(--text-primary)}.anchor-section{border-bottom:1px solid var(--border);padding:36px 0;scroll-margin-top:90px}.about .anchor-section h2{color:var(--text-primary);letter-spacing:-.04em;margin:0 0 16px;font-size:27px;font-weight:700}.anchor-section .markdown{padding:0}.about .section-nav a,.about .external-links a{font-weight:600}.section-nav,.external-links{flex-wrap:wrap;gap:12px;margin:25px 0;display:flex}.section-nav a,.external-links a{border:1px solid var(--border);color:var(--burgundy-main);padding:10px 18px}.pending-copy{color:var(--text-secondary)}.industry-grid{grid-template-columns:repeat(auto-fit,minmax(220px,1fr));gap:18px;margin-top:36px;display:grid}.industry-tile{border:1px solid var(--border);background:var(--surface);padding:24px}.industry-tile:hover{border-color:var(--burgundy-main)}.industry-tile h2{margin:0 0 18px;font-size:23px}.industry-tile span{color:var(--text-secondary);margin-right:12px;font-size:14px}.wiki-article{max-width:860px;margin:auto}.wiki-toc{border:1px solid var(--border);background:var(--surface);gap:9px;margin-top:30px;padding:24px;display:grid}.wiki-toc a{color:var(--burgundy-main)}.mindmap-wrap{margin-top:38px}.mindmap-notice{border-left:3px solid var(--burgundy-main);background:var(--surface);color:var(--text-secondary);gap:4px;padding:16px 18px;font-size:13px;display:grid}.mindmap-notice strong{color:var(--text-primary);font-weight:700}.mindmap-board{aspect-ratio:1.48;background:var(--surface);border-top:1px solid var(--border);border-bottom:1px solid var(--border);width:100%;max-width:1080px;margin:22px auto 0;position:relative;overflow:hidden}.mindmap-lines{width:100%;height:100%;position:absolute;inset:0}.mindmap-edge{fill:none;stroke:var(--border);stroke-width:.28px;vector-effect:non-scaling-stroke}.mindmap-edge[data-active=true]{stroke:var(--burgundy-main);stroke-width:.85px}.mindmap-center,.mindmap-node{text-align:center;place-items:center;width:156px;min-height:78px;padding:12px;display:grid;position:absolute;top:50%;left:50%;transform:translate(-50%,-50%)}.mindmap-center{color:var(--surface);background:var(--burgundy-dark);border:1px solid var(--burgundy-dark)}.mindmap-center span{letter-spacing:-.05em;font-size:19px;font-weight:800}.mindmap-center small{color:var(--burgundy-light);font-size:10px;line-height:1.35}.mindmap-node{left:var(--mindmap-x);top:var(--mindmap-y);color:var(--text-primary);background:var(--surface);border:1px solid var(--border);gap:3px;font-size:16px;font-weight:700;line-height:1.25}.mindmap-node:hover,.mindmap-node[data-selected=true]{color:var(--burgundy-dark);border-color:var(--burgundy-main);background:var(--burgundy-light)}.mindmap-node[data-group=capital]{border-style:dashed}.mindmap-node small{color:var(--text-secondary);font:400 10px/1.2 IBM Plex Mono,monospace}.mindmap-node[data-selected=true] small{color:var(--burgundy-main)}.mindmap-legend{max-width:1080px;color:var(--text-secondary);flex-wrap:wrap;gap:14px;margin:14px auto 0;font-size:12px;display:flex}.mindmap-legend span{align-items:center;gap:6px;display:inline-flex}.mindmap-legend i{background:var(--border);width:18px;height:2px;display:inline-block}.mindmap-legend span[data-group=technology] i{background:var(--burgundy-main)}.mindmap-legend span[data-group=infrastructure] i{background:var(--burgundy-dark)}.mindmap-legend span[data-group=capital] i{border-top:2px dashed var(--burgundy-main);background:0 0}.mindmap-detail{background:var(--surface);max-width:1080px;margin:28px auto 0;padding:27px 29px}.mindmap-detail h2{letter-spacing:-.05em;margin:0 0 8px;font-size:27px}.mindmap-detail-summary{color:var(--text-secondary);margin:0}.mindmap-detail-columns{grid-template-columns:repeat(3,minmax(0,1fr));gap:24px;margin-top:25px;display:grid}.mindmap-detail h3{color:var(--burgundy-main);letter-spacing:.08em;margin:0 0 9px;font:700 11px/1.2 IBM Plex Mono,monospace}.mindmap-detail ul{color:var(--text-secondary);gap:5px;margin:0;padding:0;font-size:13px;list-style:none;display:grid}.mindmap-detail li:before{content:"—";color:var(--burgundy-main);margin-right:7px}.mindmap-connections{border-top:1px solid var(--border);margin-top:24px;padding-top:20px}.mindmap-guideline{border-top:1px solid var(--border);margin-top:24px;padding-top:24px}.mindmap-guideline-heading{justify-content:space-between;align-items:start;gap:18px;display:flex}.mindmap-guideline-heading p{max-width:680px;color:var(--text-secondary);margin:0;font-size:13px}.mindmap-as-of{color:var(--text-secondary);text-align:right;flex:none;font:11px/1.4 IBM Plex Mono,monospace}.mindmap-guideline-grid{grid-template-columns:repeat(3,minmax(0,1fr));gap:24px;margin-top:22px;display:grid}.mindmap-guideline-grid section{min-width:0}.mindmap-guideline h4,.guideline-detail-grid h4{color:var(--burgundy-main);letter-spacing:.08em;margin:18px 0 9px;font:700 11px/1.2 IBM Plex Mono,monospace}.mindmap-guideline h4:first-child,.guideline-detail-grid h4:first-child{margin-top:0}.mindmap-guideline p{color:var(--text-secondary);margin:0;font-size:13px}.mindmap-guideline-sources{border-top:1px solid var(--border);margin-top:24px;padding-top:20px}.mindmap-guideline-sources .source-list{font-size:13px}.mindmap-disclaimer{max-width:1080px;color:var(--text-secondary);margin:18px auto 0;font-size:12px}.guideline-meta{color:var(--text-secondary);flex-wrap:wrap;gap:8px 18px;margin-top:18px;font:11px/1.4 IBM Plex Mono,monospace;display:flex}.guideline-page>.section-nav{margin-top:25px}.guideline-section>p{max-width:850px;color:var(--text-secondary)}.guideline-panel-grid{grid-template-columns:repeat(3,minmax(0,1fr));gap:18px;margin-top:25px;display:grid}.guideline-panel{border:1px solid var(--border);background:var(--surface);min-width:0;padding:21px 20px}.guideline-panel h3,.guideline-stopline h3{letter-spacing:-.04em;margin:0 0 13px;font-size:18px;line-height:1.35}.guideline-panel p{color:var(--text-secondary);margin:0;font-size:14px}.guideline-panel ul,.guideline-stopline ul,.guideline-detail-grid ul,.guideline-unresolved ul{color:var(--text-secondary);gap:7px;margin:0;padding:0;font-size:13px;list-style:none;display:grid}.guideline-panel li:before,.guideline-stopline li:before,.guideline-detail-grid li:before,.guideline-unresolved li:before{content:"—";color:var(--burgundy-main);margin-right:7px}.guideline-stopline{background:#f3e7e8;border:1px solid #c8aab1;margin-top:18px;padding:21px 20px}.guideline-stopline h3{color:var(--burgundy-dark)}.guideline-stopline ul{color:var(--text-primary)}.guideline-source-links{gap:5px;margin:18px 0 0;padding:0;list-style:none;display:grid}.guideline-source-links a{color:var(--burgundy-main);text-underline-offset:3px;text-decoration:underline}.guideline-industry-grid{grid-template-columns:repeat(2,minmax(0,1fr));gap:20px;margin-top:27px;display:grid}.guideline-industry{border:1px solid var(--border);background:var(--surface);min-width:0;padding:23px 21px}.guideline-industry-heading{justify-content:space-between;align-items:start;gap:15px;display:flex}.guideline-industry-heading .section-kicker{margin-bottom:5px}.guideline-industry-heading h3{letter-spacing:-.05em;margin:0;font-size:24px}.guideline-industry-heading>a{color:var(--burgundy-main);text-underline-offset:3px;flex:none;font-size:12px;text-decoration:underline}.guideline-lead{color:var(--text-secondary);margin:17px 0 0;font-size:14px}.guideline-detail-grid{border-top:1px solid var(--border);grid-template-columns:repeat(2,minmax(0,1fr));gap:21px 18px;margin-top:20px;padding-top:19px;display:grid}.guideline-detail-grid p{color:var(--text-secondary);margin:0;font-size:13px}.guideline-unresolved{border-top:1px solid var(--border);margin-top:21px;padding-top:18px}.guideline-unresolved strong{color:var(--burgundy-dark);margin-bottom:9px;font-size:13px;display:block}.guideline-source-index{margin-top:24px}.guideline-disclaimer{border-top:1px solid var(--border);padding-top:18px;font-size:13px}.studio-form{gap:20px;margin:30px 0;display:grid}.studio-form label{gap:7px;display:grid}.studio-form input,.studio-form textarea{border:1px solid var(--border);background:var(--surface);width:100%;padding:12px}.studio-form textarea{min-height:160px}.studio-actions{flex-wrap:wrap;gap:10px;display:flex}.studio-actions button{border:1px solid var(--burgundy-main);background:var(--surface);padding:10px 16px}.studio-images{gap:18px;display:grid}.studio-images img{max-width:100%;height:auto;margin:auto;display:block}@media (max-width:1023px){.main{margin-left:0}.sidebar{display:none}.mobile-header{z-index:30;border-bottom:1px solid var(--border);-webkit-backdrop-filter:blur(8px);backdrop-filter:blur(8px);background:#f7f4eff5;justify-content:space-between;align-items:center;height:59px;padding:0 20px;display:flex;position:sticky;top:0}.mobile-brand{color:var(--burgundy-dark);letter-spacing:-.06em;font-size:22px;font-weight:800}.mobile-actions{color:var(--text-secondary);align-items:center;gap:16px;font-size:12px;display:flex}.mobile-actions button{color:inherit;background:0 0;border:0;padding:0}.mobile-menu{z-index:25;background:var(--background);padding:26px 25px;position:fixed;inset:59px 0 0;overflow-y:auto}.mobile-menu .nav-list{gap:12px}.mobile-menu .nav-link{font-size:19px}.mobile-menu .subnav-list .nav-link{font-size:16px}.mobile-menu .topic-line{margin-top:38px}.mobile-menu .sidebar-search{margin-top:38px;display:block}.content-frame{padding:36px 28px 65px}.home-channel-links{justify-content:flex-start;margin:-12px 0 22px}.article-frame{padding:40px 28px 70px}.featured-link{grid-template-columns:1fr;min-height:0}.featured-image{aspect-ratio:4/3;min-height:0}.featured-copy{border-top:1px solid var(--border);border-left:0;padding:26px 25px 28px}.featured-title{margin-top:14px}.card-grid{grid-template-columns:repeat(2,minmax(0,1fr))}.mindmap-board{aspect-ratio:1.15}.mindmap-node{width:112px;min-height:64px;padding:9px;font-size:14px}.mindmap-center{width:135px;min-height:70px}.guideline-panel-grid,.guideline-industry-grid{grid-template-columns:1fr}}@media (max-width:640px){.content-frame{padding:27px 18px 52px}.article-frame{padding:32px 20px 58px}.featured{margin-bottom:44px}.featured-copy{padding:21px 19px 23px}.featured-description{font-size:14px}.featured-controls{margin-top:11px}.explorer{padding:22px 0}.filter-row{scrollbar-width:none;flex-wrap:nowrap;margin-right:-18px;padding-right:18px;overflow-x:auto}.filter-row::-webkit-scrollbar{display:none}.filter-bottom{flex-direction:column;align-items:stretch;margin-top:18px}.search-form{max-width:none}.filter-select{width:100%}.feed-item{gap:16px;padding:24px 0}.feed-thumbnail{flex-basis:80px;width:80px}.feed-title{font-size:22px}.card-grid{grid-template-columns:1fr;gap:28px}.mindmap-board{aspect-ratio:.98}.mindmap-node{width:70px;min-height:54px;padding:6px 5px;font-size:11px}.mindmap-node small{font-size:8px}.mindmap-center{width:108px;min-height:62px;padding:8px}.mindmap-center span{font-size:15px}.mindmap-center small{font-size:8px}.mindmap-detail{padding:22px 19px}.mindmap-detail-columns{grid-template-columns:1fr;gap:19px}.mindmap-guideline-heading{gap:10px;display:grid}.mindmap-as-of{text-align:left}.mindmap-guideline-grid{grid-template-columns:1fr;gap:19px}.guideline-meta{gap:5px;display:grid}.guideline-industry{padding:20px 18px}.guideline-detail-grid{grid-template-columns:1fr;gap:19px}.card-title{font-size:20px}.article-title{font-size:34px}.article-description{font-size:15px}.article-meta-grid{gap:13px}.markdown{font-size:15px}.markdown h1{font-size:28px}.markdown h2{font-size:22px}.markdown h3{font-size:18px}}@media (prefers-reduced-motion:reduce){*,:before,:after{scroll-behavior:auto!important;transition-duration:.01ms!important;animation-duration:.01ms!important;animation-iteration-count:1!important}}.portfolio-panel{border:1px solid #d8dbe2;border-radius:16px;margin:28px 0;padding:24px}.portfolio-panel h2{margin:0 0 16px}.portfolio-controls{flex-wrap:wrap;align-items:center;gap:16px;margin:16px 0;display:flex}.portfolio-controls label,.portfolio-form label{align-items:center;gap:8px;display:flex}.portfolio-form{grid-template-columns:repeat(auto-fit,minmax(230px,1fr));gap:16px;margin:24px 0;display:grid}.portfolio-form label{flex-direction:column;align-items:stretch}.portfolio-autocomplete{min-width:0;position:relative}.portfolio-suggestions{z-index:20;background:#faf8f5;border:1px solid #c9c1b9;border-radius:8px;max-height:310px;position:absolute;top:66px;left:0;right:0;overflow-y:auto;box-shadow:0 8px 24px #0002}.portfolio-suggestions button{text-align:left;width:100%;color:inherit;cursor:pointer;background:0 0;border:0;border-bottom:1px solid #e6e0da;flex-direction:column;align-items:flex-start;gap:4px;padding:12px;display:flex}.portfolio-suggestions button:hover,.portfolio-suggestions button[aria-selected=true]{background:#eadde1}.portfolio-search-status{color:#625951;margin:8px 0 0;font-size:12px;line-height:1.5}.portfolio-entry-form>.portfolio-autocomplete,.portfolio-entry-details,.portfolio-entry-note{grid-column:1/-1}.portfolio-entry-details summary{cursor:pointer;color:#625951;padding:8px 0}.portfolio-entry-details>.portfolio-form{margin:12px 0}.portfolio-panel input:not([type=checkbox]),.portfolio-panel select,.portfolio-panel textarea{color:inherit;background:0 0;border:1px solid #b9bdc7;border-radius:6px;max-width:100%;padding:9px}.portfolio-table-wrap{overflow-x:auto}.portfolio-table{border-collapse:collapse;text-align:left;width:100%;font-size:14px}.portfolio-table th,.portfolio-table td{white-space:nowrap;border-bottom:1px solid #d8dbe2;padding:12px}.portfolio-table small{margin-top:6px;display:block}.portfolio-note{opacity:.75;font-size:13px;line-height:1.7}.portfolio-plot{margin:20px 0}.portfolio-plot svg{width:100%;height:auto}@media (max-width:600px){.portfolio-panel{padding:14px}.portfolio-form{grid-template-columns:1fr}}.portfolio-page{width:100%;max-width:1530px;padding:28px 32px 64px}.portfolio-page-header{margin-bottom:24px}.portfolio-page .page-heading{letter-spacing:-.055em;margin:0 0 14px;font-size:clamp(28px,2.6vw,40px)}.portfolio-intro{margin:0 0 7px;font-size:15px;line-height:1.65}.portfolio-header-note{color:#706862;margin:0;font-size:12px}.portfolio-header-note a{text-underline-offset:3px;text-decoration:underline}.portfolio-workspace{border-top:1px solid var(--border);grid-template-columns:290px minmax(0,1fr);gap:28px;display:grid}.portfolio-instruments{border:1px solid var(--border);border-top:0;border-radius:0 0 8px 8px;min-width:0}.portfolio-list-heading{justify-content:space-between;align-items:center;padding:18px 16px;display:flex}.portfolio-list-heading h2{margin:0;font-size:15px}.portfolio-list-heading span,.portfolio-instrument small{color:#716b67;font-size:12px}.portfolio-instrument{width:100%;color:inherit;text-align:left;background:0 0;border:0;border-left:3px solid #0000;grid-template-columns:minmax(0,1fr) auto;gap:5px 10px;padding:16px;display:grid}.portfolio-instrument:hover{background:#eee7e3}.portfolio-instrument[aria-pressed=true]{border-left-color:var(--burgundy-main);background:#eadbdf}.portfolio-instrument-title{overflow-wrap:anywhere;font-size:14px;font-weight:700;line-height:1.5}.portfolio-instrument strong{font-variant-numeric:tabular-nums;align-self:start;font-size:14px}.portfolio-instrument small:last-child{text-align:right}.portfolio-instrument-meta{grid-column:1/-1;justify-content:space-between;gap:8px;display:flex}.portfolio-detail{min-width:0;padding-top:17px}.portfolio-title{flex-wrap:wrap;align-items:baseline;gap:10px;display:flex}.portfolio-title>span{color:#706862;font-variant-numeric:tabular-nums;font-size:15px}.portfolio-title h2{letter-spacing:-.035em;margin:0;font-size:20px;line-height:1.4}.portfolio-title small{color:#706862;font-size:11px}.portfolio-summary{grid-template-columns:minmax(170px,.8fr) minmax(0,2fr);align-items:center;gap:20px;padding:20px 0 24px;display:grid}.portfolio-return strong{letter-spacing:-.065em;font-variant-numeric:tabular-nums;overflow-wrap:anywhere;font-size:clamp(38px,4.4vw,64px);font-weight:750;line-height:1.1;display:block}.portfolio-return>span{color:#706862;margin-top:9px;font-size:13px;display:block}.portfolio-positive{color:var(--burgundy-main)}.portfolio-negative{color:#235cdd}.portfolio-facts{grid-template-columns:repeat(4,minmax(0,1fr));margin:0;display:grid}.portfolio-facts>div{border-left:1px solid var(--border);min-width:0;padding:3px 14px}.portfolio-facts dt{color:#706862;margin-bottom:10px;font-size:12px}.portfolio-facts dd{letter-spacing:-.035em;font-variant-numeric:tabular-nums;overflow-wrap:anywhere;margin:0;font-size:clamp(14px,1.5vw,22px);font-weight:650}.portfolio-facts>div:nth-child(n+3) dd{font-size:clamp(13px,1.25vw,18px);font-weight:450}.portfolio-chart-toolbar{border-top:1px solid var(--border);justify-content:space-between;align-items:center;gap:14px;padding-top:16px;display:flex}.portfolio-tabs{gap:12px;display:flex}.portfolio-tabs button{color:#625c58;white-space:nowrap;background:0 0;border:0;border-bottom:2px solid #0000;padding:9px 8px 12px;font-size:14px}.portfolio-tabs button[aria-selected=true]{color:var(--burgundy-main);border-bottom-color:var(--burgundy-main);font-weight:700}.portfolio-periods{gap:4px;display:flex}.portfolio-periods button{color:inherit;border:1px solid var(--border);white-space:nowrap;background:0 0;border-radius:4px;min-height:34px;padding:6px 10px;font-size:12px}.portfolio-periods button[aria-pressed=true]{background:var(--burgundy-main);border-color:var(--burgundy-main);color:#fff}.portfolio-date-range{flex-wrap:wrap;gap:12px;margin:14px 0 10px;display:flex}.portfolio-date-range label{align-items:center;gap:8px;font-size:12px;display:flex}.portfolio-date-range input{min-width:0;max-width:100%;color:inherit;border:1px solid var(--border);background:0 0;border-radius:4px;padding:5px 7px}.portfolio-comparison-choices{flex-wrap:wrap;gap:8px 16px;display:flex}.portfolio-comparison-choices label{align-items:center;gap:7px;min-height:32px;font-size:12px;display:flex}.portfolio-comparison-choices input{accent-color:var(--burgundy-main)}.portfolio-chart-explainer{color:#706862;margin:10px 0 20px;font-size:12px;line-height:1.65}.portfolio-events{margin:18px 0 26px}.portfolio-events-heading{align-items:baseline;gap:12px;margin-bottom:5px;display:flex}.portfolio-events-heading h3{margin:0;font-size:14px}.portfolio-events-heading>span{color:#706862;font-size:12px}.portfolio-events ul{margin:0;padding:0;list-style:none}.portfolio-events li{border-bottom:1px solid var(--border);flex-wrap:wrap;align-items:center;gap:18px;padding:11px 12px;font-size:13px;display:flex}.portfolio-event-dot{background:var(--burgundy-main);border-radius:50%;flex:none;width:7px;height:7px}.portfolio-event-dot.is-sell{background:#235cdd}.portfolio-events time{font-variant-numeric:tabular-nums}.portfolio-events small{color:#74665f;background:#eee4df;border-radius:3px;padding:2px 7px;font-size:11px}.portfolio-event-price{color:#706862;margin-left:auto;font-size:12px}.portfolio-method{border:1px solid var(--border);font-size:13px}.portfolio-method summary{cursor:pointer;padding:12px 15px}.portfolio-method>div{color:#625c58;max-width:75ch;padding:0 16px 12px;line-height:1.8}.portfolio-empty{color:#706862;padding:30px 0}.portfolio-muted{color:#706862;font-size:13px}@media (max-width:1250px){.portfolio-workspace{grid-template-columns:205px minmax(0,1fr);gap:20px}.portfolio-summary{grid-template-columns:minmax(150px,.8fr) minmax(0,1.4fr)}.portfolio-facts{grid-template-columns:repeat(2,minmax(0,1fr));gap:16px 0}.portfolio-facts dt{margin-bottom:5px}}@media (max-width:760px){.portfolio-page{padding:26px 18px 50px}.portfolio-page-header{margin-bottom:22px}.portfolio-intro{font-size:13px}.portfolio-header-note{font-size:11px}.portfolio-workspace{grid-template-columns:minmax(0,1fr);gap:20px}.portfolio-instruments{border-top:0;border-left:0;border-right:0;border-bottom:1px solid var(--border);border-radius:0}.portfolio-list-heading{padding:12px 0}.portfolio-instrument-list{gap:8px;padding-bottom:10px;display:flex;overflow-x:auto}.portfolio-instrument{border-radius:4px;flex:0 0 280px;max-width:100%;padding:12px}.portfolio-detail{padding-top:0}.portfolio-title h2{font-size:18px}.portfolio-summary{grid-template-columns:minmax(0,1fr);gap:22px;padding:16px 0 22px}.portfolio-return strong{font-size:50px}.portfolio-facts>div{padding:0 10px}.portfolio-facts>div:nth-child(odd){border-left:0;padding-left:0}.portfolio-facts dd{font-size:20px}.portfolio-facts>div:nth-child(n+3) dd{font-size:16px}.portfolio-chart-toolbar{flex-wrap:wrap;padding-top:10px}.portfolio-tabs{gap:8px}.portfolio-tabs button{min-height:42px;padding-inline:6px}.portfolio-periods{margin-left:auto}.portfolio-periods button{min-height:38px}.portfolio-events li{gap:10px;padding-inline:2px}.portfolio-event-price{font-size:11px}}.portfolio-scalp{border-top:1px solid var(--line,#ded8d2);margin-top:36px;padding-top:28px}.portfolio-scalp-heading small{color:var(--wine,#68152b);letter-spacing:.12em;font-size:11px;font-weight:700}.portfolio-scalp-heading h3{margin:8px 0;font-size:24px}.portfolio-scalp-heading p{color:#686360;margin:0 0 20px;font-size:14px}.portfolio-scalp .portfolio-date-range{flex-wrap:wrap}.portfolio-scalp select{max-width:100%;min-height:36px;color:inherit;font:inherit;background:0 0;border:1px solid #d7d0ca;border-radius:4px;padding:6px 10px}.portfolio-scalp-anchor{color:#68152b;font-weight:650}.portfolio-strategy-results{font-variant-numeric:tabular-nums;grid-template-columns:repeat(3,minmax(0,1fr));gap:16px;margin:24px 0;display:grid}.portfolio-strategy-results>div{border-left:1px solid var(--border);min-width:0;padding-left:16px}.portfolio-strategy-results dt{font-size:13px}.portfolio-strategy-results dd{color:var(--burgundy-main);overflow-wrap:anywhere;margin:8px 0 0;font-size:clamp(22px,2.7vw,38px);font-weight:700}.portfolio-strategy-editor fieldset{border:0;min-width:0;padding:0}.portfolio-strategy-editor .strategy-row{border-top:1px solid var(--border);padding:16px 0}.portfolio-strategy-editor input,.portfolio-strategy-editor select{max-width:100%}@media (max-width:600px){.portfolio-strategy-results{grid-template-columns:1fr}.portfolio-strategy-results dd{font-size:28px}}@property --tw-border-style{syntax:"*";inherits:false;initial-value:solid}@property --tw-blur{syntax:"*";inherits:false}@property --tw-brightness{syntax:"*";inherits:false}@property --tw-contrast{syntax:"*";inherits:false}@property --tw-grayscale{syntax:"*";inherits:false}@property --tw-hue-rotate{syntax:"*";inherits:false}@property --tw-invert{syntax:"*";inherits:false}@property --tw-opacity{syntax:"*";inherits:false}@property --tw-saturate{syntax:"*";inherits:false}@property --tw-sepia{syntax:"*";inherits:false}@property --tw-drop-shadow{syntax:"*";inherits:false}@property --tw-drop-shadow-color{syntax:"*";inherits:false}@property --tw-drop-shadow-alpha{syntax:"<percentage>";inherits:false;initial-value:100%}@property --tw-drop-shadow-size{syntax:"*";inherits:false}
