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DRC and the Investment Logic of Continuity: Key-Person Risk (Part I)
The post-Covid correction and wine’s short memory Why corrections reveal what is structural We are still, collectively, trying to shake off the post-Covid wine market collapse. Some call it unprecedented, a convenient phrase, often fueled by short memory. Wine has endured shocks far more existential. Phylloxera, which devastated Europe’s vineyards at the end of the 19th century. The interwar years, when in the wake of the Great Depression even the greatest Châteaux fought for
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