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Alessandra Luciano

Alessandra Luciano

Macro signals, factor investing, and the assumptions the market forgets to question.

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PricingFreemiumPublishesWeekly
Issues15Founded4 months agoLast Issue6 hours ago
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Latest Issues

From $9.9 Billion to Zero: The Anatomy of a Failed LBO

Envision Healthcare did not die of bad operations. It died of a capital structure that priced regulatory risk at zero.

6 hours ago
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EBITDA Is a Negotiation, Not a Number

EV/EBITDA conquered finance because it promised three things: simplicity, comparability, and resistance to accounting judgment. In 2026 it reliably delivers none of them. The numerator has become a drafted, negotiated, adjusted figure — and...

7 days ago
16
3

Private Equity Is Buying From Itself

When the same hand signs both sides of a trade, the price is not discovered. It is declared.

In the art market, there is an old trick called a “chandelier bid”: an auctioneer points at an empty seat in the room and calls out a bid tha...

14 days ago
11
4

The Flywheel That Has to Keep Spinning

Why the most valuable company ever to go public is also the most tightly coupled bet in the market

A flywheel is a beautiful machine — until you remember that every gear is load-bearing.

a month ago
21
2
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When Good News Becomes Bad News

What Friday's sell-off really revealed about the market we are

Good economic data can be the worst news a bull market ever receives.

a month ago
11
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  • Alessandra Luciano

    Corporate finance analyst who couldn't stop asking "but what does the data actually say?" Now I write about economics, markets and quant signals for people who'd rather read a chart than a hot take. → New Piece Evert Week. Bring coffee.

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