The Yacht Club – Part 3: Landfall

In Part 1, we watched the market stop behaving like a leisure market. In Part 2, we read the steel — 40mm ice belts, heated sea chests, 6,000-mile ranges, and the Polar Ship Certificate that is the only piece of paper letting a 60-meter private vessel sit in second-year ice without breaching its insurance. We … Read more

Thinking Out Loud: Every Nation Gets the Government It Deserves

Collective Character, Political Consequence, and the Burden of Responsibility I’ve had something on my mind lately. Pull up a chair. “Every nation gets the government it deserves.” Joseph de Maistre wrote these words in 1811, not as a cynical dismissal but as a profound observation about human agency. Far from excusing tyranny or corruption, the … Read more

The Yacht Club – Part 2: Ice Class

In Part 1, we mapped a market that had quietly stopped behaving like a leisure market. The volume curve flattened. The size curve climbed. Fraser’s order book filled with custom 60–80-meter projects, average buyer ages dropped a decade, and Dutch yards became the single most important node in the global supply chain. We ended with … Read more

The Unsustainable State of Hypocrisy

Selective Justice, American Power, and the Erosion of the Rule of Law The issue is not whether Raúl Castro is innocent. It is not whether Nicolás Maduro deserves sympathy. It is not whether hostile foreign leaders should be shielded from accountability because they hold power, command armies, or wrap themselves in sovereignty. The issue is … Read more

The Yacht Club –  Part 1: The Boom

Welcome aboard. We’ve got a long, strange trip ahead. We’ll be diving deep into the realm of the superyachts, but before we set sail, we need to familiarize ourselves with the vessel and the conditions. What is a “yacht” in 2026? And why has the industry exploded? From Yacht to Gigayacht A yacht is traditionally … Read more