Clarity on MCM and our research.

The research pages introduce individual disciplines and their main questions. The longer articles develop selected relationships in greater detail, such as the connection between earnings, cash flow and business value. Use the overview pages for orientation and the articles when you want to examine an argument or economic mechanism more closely.

A company’s domicile explains only part of its economic activity. Customers, suppliers, production and financing may span several regions. Global relationships therefore complement the focus on Germany and Europe. The relevant question is where the economic drivers actually arise, rather than relying on the geographic label attached to an equity.

The subjects answer different questions. A business model explains how a company works, valuation connects expectations with price, and portfolio analysis examines weights and shared dependencies. Separate pages make these distinctions clear. Links between the subjects then show how the perspectives work together rather than allowing one to stand in for another.

Scenarios illustrate how assumptions connect. They may show, for example, how demand, margins and capital requirements could interact. Their meaning depends on the conditions described. They should therefore be read as a structured explanation of possible developments, rather than as a statement that a particular outcome is certain to occur.

No. A geographic research focus and a corporate address are different details. The published registered address is in Denver, Colorado. Germany and Europe are described as a focus of research and business development. Refer to Company Information for formal details; additional locations should not be inferred from the subjects covered by the website.

Include the title, language version and, where possible, the relevant section. Then explain briefly whether you would like clarification of a term, an assumption or a step in the reasoning. A focused content question does not require personal portfolio details. Use the Contact page and check that your return contact information is correct.