@font-face{font-family:'Cormorant Garamond';font-style:normal;font-weight:400 700;font-display:swap;src:url(../assets/cormorant.d80df8ff5a.woff2) format('woff2')}
@font-face{font-family:'Cormorant Garamond';font-style:italic;font-weight:400 500;font-display:swap;src:url(../assets/cormorant-italic.6f2f5c3b1a.woff2) format('woff2')}
@font-face{font-family:'Spectral';font-style:normal;font-weight:400;font-display:swap;src:url(../assets/spectral.cf8daee3b8.woff2) format('woff2')}
@font-face{font-family:'Spectral';font-style:normal;font-weight:500;font-display:swap;src:url(../assets/spectral-500.2b70215ed4.woff2) format('woff2')}
@font-face{font-family:'Spectral';font-style:italic;font-weight:400;font-display:swap;src:url(../assets/spectral-italic.db397149a9.woff2) format('woff2')}
@font-face{font-family:'IBM Plex Mono';font-style:normal;font-weight:400;font-display:swap;src:url(../assets/plexmono.08949f728d.woff2) format('woff2')}
@font-face{font-family:'IBM Plex Mono';font-style:normal;font-weight:500;font-display:swap;src:url(../assets/plexmono-500.01d2854474.woff2) format('woff2')}
/* Affair Rally Capital — a fund prospectus at night.
   Navy ground, brushed gold for money and metal, paper white for type,
   lipstick red spent on the scandal marker and almost nothing else. */
:root{
  --navy:#0B1424;--navy2:#111d33;--navy3:#1a2742;--gold:#C9A24A;--gold2:#e2c27a;--paper:#F4F6F9;--mute:#aab3c3;--red:#D1263B;
  --display:'Cormorant Garamond',Georgia,serif;--body:'Spectral',Georgia,serif;--mono:'IBM Plex Mono',ui-monospace,monospace;
  --rule:1px solid rgba(201,162,74,.38);
}
*{box-sizing:border-box}
html{-webkit-text-size-adjust:100%;scroll-padding-top:4.5rem}
body{margin:0;background:var(--navy);color:var(--paper);font:400 1.06rem/1.62 var(--body);font-feature-settings:"onum" 1}
img,video,svg{max-width:100%;height:auto;display:block}
a{color:var(--gold2);text-underline-offset:.18em}
a:hover{color:var(--paper)}
.skip{position:absolute;left:-999px;top:0;background:var(--gold);color:var(--navy);padding:.6rem 1rem;z-index:99}
.skip:focus{left:.5rem}
:focus-visible{outline:2px solid var(--gold2);outline-offset:3px}
.vh{position:absolute;width:1px;height:1px;overflow:hidden;clip:rect(0 0 0 0)}
.small{font-size:.86rem;color:var(--mute)}
.gold{color:var(--gold)}

/* masthead */
.mast{position:sticky;top:0;z-index:30;display:flex;align-items:center;gap:1rem;padding:.55rem clamp(.8rem,3vw,2rem);
  background:rgba(11,20,36,.92);backdrop-filter:blur(8px);border-bottom:var(--rule)}
.brand{display:flex;align-items:center;gap:.6rem;color:var(--gold);text-decoration:none;font:600 1.2rem/1 var(--display);letter-spacing:.06em;text-transform:uppercase}
.brand img{width:34px;height:34px;border-radius:4px}
.mast-tk{font:400 .72rem/1 var(--mono);color:var(--mute);letter-spacing:.08em}
.mast-listen{margin-left:auto;display:flex;align-items:center;gap:.45rem;background:var(--gold);color:var(--navy);border:0;border-radius:99px;padding:.55rem .95rem;font:500 .8rem/1 var(--mono);cursor:pointer;min-height:40px}
.mast-listen[hidden]{display:none}
@media (max-width:620px){.mast-tk{display:none}.brand span{font-size:1rem}}

/* layout */
.wrap{max-width:68rem;margin:0 auto;padding:0 clamp(1rem,4vw,2.4rem)}
main>section{padding:clamp(3rem,7vw,5.5rem) 0;border-top:var(--rule);position:relative;transition:background .6s}
main>section:first-child{border-top:0;padding-top:0}
main>section.is-reading{background:linear-gradient(90deg,rgba(201,162,74,.07),transparent 60%)}
main>section.is-reading::before{content:"";position:absolute;left:0;top:0;bottom:0;width:4px;background:var(--gold)}
.two{display:grid;gap:clamp(1.4rem,4vw,3.2rem);align-items:start}
.two>*{min-width:0}
@media (min-width:860px){.two{grid-template-columns:minmax(0,26rem) minmax(0,1fr)}}

h1,h2,h3{font-family:var(--display);font-weight:600;line-height:1.08;margin:0 0 .6em}
h2{font-size:clamp(2rem,5vw,3.1rem);color:var(--paper)}
h2 .no{display:block;font:500 .8rem/1 var(--mono);color:var(--gold);letter-spacing:.14em;margin-bottom:.8rem}
h3{font-size:1.5rem;color:var(--gold2)}
p{margin:0 0 1em}

/* hero */
.hero{position:relative;background:var(--navy);overflow:hidden}
.hero-img{width:100%;aspect-ratio:1672/941;object-fit:cover;object-position:70% 50%}
.hero-copy{position:absolute;left:0;top:0;bottom:0;width:min(46%,38rem);display:flex;flex-direction:column;justify-content:center;padding:clamp(1rem,4vw,3.4rem)}
.hero-fund img{width:min(100%,19rem);margin-bottom:clamp(.6rem,2vw,1.6rem)}
.hero h1{font-size:clamp(1.9rem,4.6vw,4.3rem);color:var(--paper);margin:0 0 .7em;text-shadow:0 2px 24px rgba(0,0,0,.6)}
.badge{display:inline-flex;align-items:center;gap:.45rem;align-self:flex-start;margin:0;border:1px solid var(--gold);color:var(--gold2);border-radius:99px;padding:.32rem .75rem;font:500 .74rem/1 var(--mono);letter-spacing:.06em;background:rgba(11,20,36,.6)}
@media (max-width:760px){
  .hero-img{aspect-ratio:auto;height:auto}
  .hero-copy{position:static;width:auto;padding:1.2rem 1rem 0;background:var(--navy)}
  .hero-fund img{width:13rem}
}
.listen-row{max-width:68rem;margin:0 auto;padding:1.4rem clamp(1rem,4vw,2.4rem) 0}
.listen-big{display:inline-grid;grid-template-columns:auto 1fr;grid-template-rows:auto auto;column-gap:.85rem;align-items:center;text-align:left;
  background:var(--gold);color:var(--navy);border:0;border-radius:14px;padding:.85rem 1.3rem .85rem 1rem;cursor:pointer;min-height:56px;box-shadow:0 10px 30px rgba(201,162,74,.18)}
.listen-big[hidden]{display:none}
.listen-big svg{grid-row:1/3;width:38px;height:38px;padding:11px;border-radius:50%;background:var(--navy);color:var(--gold)}
.listen-big span{font:600 1.35rem/1.1 var(--display)}
.listen-big small{font:400 .72rem/1.2 var(--mono)}
.listen-big:hover{background:var(--gold2)}
.pitch .wrap{padding-top:1.6rem}
.lede{font:500 clamp(1.35rem,2.6vw,1.75rem)/1.4 var(--display);color:var(--paper);max-width:40rem}
.headline-figure{display:flex;flex-wrap:wrap;align-items:baseline;gap:.4rem 1.2rem;border-top:var(--rule);border-bottom:var(--rule);padding:1.2rem 0;margin:1.6rem 0 2rem}
.headline-figure .fig{font:600 clamp(3.6rem,11vw,7.5rem)/.9 var(--display);color:var(--gold)}
.headline-figure .cap{flex:1 1 16rem;font:400 .95rem/1.45 var(--body);color:var(--mute)}
.pitch .wrap>p{max-width:42rem}
.film{margin:2.2rem 0 0;max-width:48rem}
.film video{width:100%;border:var(--rule);background:#000}
.film figcaption{font:italic 400 .95rem/1.4 var(--display);color:var(--mute);margin-top:.5rem}

/* art plates: one per section, at reading size, tap to enlarge */
.plate{margin:0}
.plate .zoom{display:block;width:100%;padding:0;border:0;background:none;cursor:zoom-in;border-radius:2px;overflow:hidden;box-shadow:0 0 0 1px rgba(201,162,74,.45),0 24px 60px rgba(0,0,0,.45)}
.plate img{width:100%}
@media (max-width:859px){.plate{max-width:30rem}}

/* thesis */
.thesis{list-style:none;counter-reset:t;margin:0;padding:0}
.thesis li{counter-increment:t;border-top:var(--rule);padding:1.1rem 0 .4rem 3.2rem;position:relative}
.thesis li::before{content:counter(t,upper-roman);position:absolute;left:0;top:1.05rem;font:500 .8rem/1 var(--mono);color:var(--gold)}
.thesis h3{font-size:1.45rem;margin-bottom:.35em}

/* performance */
.perf-big{font:600 clamp(2rem,5.4vw,3.4rem)/1.05 var(--display);margin:0 0 1rem}
.perf-big span{display:block}
.ledger{width:100%;border-collapse:collapse;font:400 .9rem/1.35 var(--mono);margin:1.2rem 0}
.ledger th,.ledger td{padding:.6rem .4rem;border-bottom:1px solid rgba(201,162,74,.22);text-align:left;font-weight:400}
.ledger thead th{color:var(--mute);font-size:.72rem;letter-spacing:.06em;text-transform:uppercase}
.ledger tbody th{color:var(--gold2)}
.ledger tfoot th,.ledger tfoot td{border-top:1px solid var(--gold);border-bottom:0;color:var(--paper);font-weight:500}
.num{text-align:right!important;font-variant-numeric:tabular-nums}
.up{color:var(--gold2)}
@media (max-width:480px){.ledger{font-size:.78rem}.ledger td:nth-child(2),.ledger th:nth-child(2){display:none}}

/* holdings */
#holdings .two{margin-bottom:2.4rem}
.pos{border-top:var(--rule);padding:1.8rem 0 1.4rem}
.pos-h{display:flex;flex-wrap:wrap;align-items:baseline;gap:.3rem 1rem}
.pos-h h3{margin:0;font-size:1.7rem;color:var(--paper)}
.tk{font:500 .78rem/1 var(--mono);color:var(--navy);background:var(--gold);padding:.3rem .5rem;border-radius:3px;letter-spacing:.06em}
.ret{font:600 1.9rem/1 var(--display);color:var(--gold);margin-left:auto}
.pos-m{display:flex;flex-wrap:wrap;gap:.4rem 2rem;margin:.9rem 0;font:400 .8rem/1.3 var(--mono)}
.pos-m dt{color:var(--mute);font-size:.68rem;text-transform:uppercase;letter-spacing:.08em}
.pos-m dd{margin:.15rem 0 0}
.cat{max-width:46rem}
.note{font-style:italic;color:var(--paper);max-width:46rem}
.note b{font-style:normal;font:500 .78rem/1 var(--mono);color:var(--gold);letter-spacing:.06em;text-transform:uppercase;margin-right:.4rem}

/* the chart grammar of the original meme: a line, a date, a red dot */
.chart{width:100%;max-width:46rem;margin:1rem 0;overflow:visible}
.chart .ln{fill:none;stroke:var(--gold);stroke-width:2;stroke-linejoin:round}
.chart .base{stroke:rgba(201,162,74,.3);stroke-width:1}
.chart .evt{stroke:var(--red);stroke-width:1.2;stroke-dasharray:3 4}
.chart .dot{fill:var(--red);stroke:var(--navy);stroke-width:2}
.chart .lab{font:500 12px var(--mono);fill:#ff8a97}
.chart .end{font:600 18px var(--display);fill:var(--gold2)}
.chart .ax{font:400 11px var(--mono);fill:var(--mute)}

/* talent */
blockquote{margin:1.4rem 0;padding:0 0 0 1.2rem;border-left:2px solid var(--gold)}
blockquote p{font:italic 500 1.45rem/1.3 var(--display);margin:0 0 .5rem}
cite{font:normal 400 .78rem/1.3 var(--mono);color:var(--mute)}
.pair{display:grid;gap:1.6rem;margin-top:2.2rem}
@media (min-width:860px){.pair{grid-template-columns:1fr 1fr}}
.pair-col h3{display:flex;align-items:baseline;gap:.8rem;font-size:1.4rem;color:var(--paper)}
.aside{font:italic 500 1.35rem/1.35 var(--display);color:var(--gold2);margin-top:1.4rem}

/* board */
.xlate{width:100%;border-collapse:collapse;margin:.4rem 0 0}
.xlate caption{text-align:left;font:500 .74rem/1 var(--mono);color:var(--gold);letter-spacing:.1em;text-transform:uppercase;padding-bottom:.8rem}
.xlate th,.xlate td{padding:.85rem 0;border-top:var(--rule);vertical-align:top;text-align:left}
.xlate th{font:italic 500 1.2rem/1.3 var(--display);color:var(--paper);padding-right:1.2rem;width:62%}
.xlate td{font:500 .9rem/1.35 var(--mono);color:var(--gold2)}
#board .wrap+.wrap{margin-top:2rem}

/* ratings, watchlist */
.rating{display:flex;align-items:baseline;gap:.8rem;flex-wrap:wrap;font:600 1.5rem/1.2 var(--display);color:var(--paper);border-top:var(--rule);padding-top:1rem;margin-top:1.4rem}
.rating span{font:500 .72rem/1 var(--mono);color:var(--navy);background:var(--gold);padding:.32rem .5rem;border-radius:3px;letter-spacing:.08em;text-transform:uppercase}
.status{display:flex;align-items:center;gap:.6rem;font:500 .82rem/1.2 var(--mono);color:var(--gold2)}
.live{width:10px;height:10px;border-radius:50%;background:var(--red);box-shadow:0 0 0 0 rgba(209,38,59,.6);animation:pulse 2.4s infinite}
@keyframes pulse{70%{box-shadow:0 0 0 10px rgba(209,38,59,0)}100%{box-shadow:0 0 0 0 rgba(209,38,59,0)}}
.timeline{list-style:none;margin:2rem 0 1rem;padding:0;max-width:48rem}
.timeline li{display:grid;grid-template-columns:7.5rem 1fr;gap:1rem;border-top:var(--rule);padding:.9rem 0}
.timeline time{font:500 .78rem/1.5 var(--mono);color:var(--gold)}
.timeline p{margin:0}
q{font-style:italic}
@media (max-width:520px){.timeline li{grid-template-columns:1fr;gap:.2rem}}

/* fees */
.fees{display:grid;grid-template-columns:1fr 1fr;gap:1rem;margin:0 0 1.6rem}
.fees div{border-top:2px solid var(--gold);padding-top:.7rem}
.fees dt{font:500 .72rem/1 var(--mono);color:var(--mute);text-transform:uppercase;letter-spacing:.08em}
.fees dd{margin:.4rem 0 0;font:600 2rem/1 var(--display);color:var(--gold)}
.fine{margin:0;padding:0 0 0 1.1rem;font-size:.95rem;color:#d6dbe4}
.fine li{margin:0 0 .8rem}
.fine li::marker{color:var(--gold)}

/* next: the empty frame stays empty */
.plate.empty .zoom{cursor:default;pointer-events:none}
#next h2+p{font:500 1.5rem/1.35 var(--display)}

/* circulate */
.circulate{border-top:var(--rule);padding:clamp(3rem,7vw,5rem) 0;background:var(--navy2)}
.circulate[hidden]{display:none}
.portfolio{width:100%;border:var(--rule);margin-bottom:2rem}
.circulate h2{font-size:clamp(1.8rem,4vw,2.6rem)}
.tiles{display:grid;grid-template-columns:repeat(auto-fill,minmax(9.5rem,1fr));gap:.8rem;margin-top:1.2rem}
.tile-pick{padding:0;border:1px solid rgba(201,162,74,.4);background:none;cursor:pointer;border-radius:4px;overflow:hidden}
.tile-pick:hover{border-color:var(--gold2)}
.sheet{max-width:min(30rem,94vw);background:var(--navy2);color:var(--paper);border:1px solid var(--gold);border-radius:10px;padding:1.2rem}
.sheet::backdrop{background:rgba(3,7,14,.78)}
.sheet h2{font-size:1.6rem;margin-right:2rem}
.sheet img{width:100%;max-width:18rem;margin:0 auto .8rem;border:var(--rule)}
.sheet-x{position:absolute;right:.6rem;top:.6rem;width:44px;height:44px;border:0;background:none;color:var(--paper);font-size:1.6rem;cursor:pointer}
.sheet-acts{display:grid;grid-template-columns:1fr 1fr;gap:.5rem}
.sheet-acts a,.sheet-acts button{display:flex;align-items:center;justify-content:center;min-height:46px;border:1px solid var(--gold);border-radius:8px;color:var(--paper);background:transparent;text-decoration:none;font:500 .82rem/1.1 var(--mono);cursor:pointer;padding:.4rem}
.sheet-acts [hidden]{display:none}
.sheet-acts a:hover,.sheet-acts button:hover{background:var(--gold);color:var(--navy)}
.ok{min-height:1.2em;font:400 .8rem/1.2 var(--mono);color:var(--gold2);margin:.6rem 0 0}

/* sources, footer */
.sources{padding:3rem 0;border-top:var(--rule)}
.sources h2{font-size:1.9rem}
.sources ol{padding-left:1.3rem;font-size:.92rem;margin:0 0 1rem}
.sources li{margin:.35rem 0}
.foot{border-top:var(--rule);padding:2rem 0 2.4rem;font-size:.9rem;color:var(--mute)}
.foot img{display:inline-block;vertical-align:middle;margin-right:.4rem;border-radius:3px}
html[data-narr=open] .foot,.narr:not([hidden])~.foot{padding-bottom:9rem}
body{padding-bottom:5.5rem}

/* lightbox, drawer */
.lightbox{position:fixed;inset:0;z-index:60;background:rgba(3,7,14,.94);display:flex;align-items:center;justify-content:center;padding:3.6rem 1rem 1rem}
.lightbox[hidden]{display:none}
.lightbox img{max-height:100%;max-width:min(100%,60rem);width:auto}
.lb-x{position:absolute;top:.8rem;right:.8rem;min-height:44px;padding:.5rem 1rem;border:1px solid var(--gold);border-radius:99px;background:var(--navy);color:var(--paper);font:500 .9rem/1 var(--mono);cursor:pointer}
.drawer{position:fixed;left:0;right:0;bottom:0;z-index:55;max-height:70vh;overflow:auto;background:var(--navy2);border-top:2px solid var(--gold);padding:0 0 calc(6rem + env(safe-area-inset-bottom))}
.drawer[hidden]{display:none}
.drawer header{position:sticky;top:0;display:flex;align-items:center;justify-content:space-between;background:var(--navy2);padding:.8rem 1rem;font:600 1.3rem/1.1 var(--display);color:var(--gold2)}
.drawer header button{width:44px;height:44px;border:1px solid var(--gold);border-radius:50%;background:none;color:var(--paper);font-size:1.3rem;cursor:pointer}
.drawer .in{padding:0 1rem;max-width:48rem;margin:auto}
.drawer .in p{font-size:.98rem}
.drawer .in b{color:var(--gold2);font-weight:500}
.part{display:flex;align-items:center;gap:.8rem;width:100%;text-align:left;min-height:50px;background:none;border:0;border-top:var(--rule);color:var(--paper);font:500 1.15rem/1.2 var(--display);cursor:pointer;padding:.5rem 0}
.part .pn{font:500 .74rem/1 var(--mono);color:var(--gold);width:1.6rem}
.part .pd{margin-left:auto;font:400 .74rem/1 var(--mono);color:var(--mute)}
.part.here{color:var(--gold2)}

/* narrator: the canonical player, dressed as the fund */
.narr{position:fixed;left:0;right:0;bottom:0;z-index:50}
.narr[hidden]{display:none}
.narr-pill{position:fixed;right:.8rem;bottom:calc(.8rem + env(safe-area-inset-bottom));display:flex;align-items:center;gap:.6rem;background:var(--gold);color:var(--navy);border:0;border-radius:99px;padding:.5rem 1.1rem .5rem .5rem;font:600 1.1rem/1 var(--display);cursor:pointer;min-height:54px;box-shadow:0 12px 30px rgba(0,0,0,.5)}
.narr-pill .meta{font:400 .7rem/1 var(--mono);opacity:.8}
.narr-pill .ico{display:flex;width:38px;height:38px;border-radius:50%;background:var(--navy);color:var(--gold);align-items:center;justify-content:center}
.narr[data-state=open] .narr-pill{display:none}
.narr-bar{display:none;background:rgba(11,20,36,.97);backdrop-filter:blur(8px);color:var(--paper);border-top:1px solid var(--gold);padding-bottom:env(safe-area-inset-bottom)}
.narr[data-state=open] .narr-bar{display:block}
.narr-track{position:relative;height:5px;background:var(--navy3);cursor:pointer;margin:16px 1rem 0;border-radius:99px}
.narr-track::before{content:"";position:absolute;inset:-14px 0}
.narr-fill{position:absolute;inset:0 auto 0 0;width:0;background:var(--gold);border-radius:99px;transition:width .2s linear}
.narr-fill::after{content:"";position:absolute;right:-7px;top:50%;width:14px;height:14px;margin-top:-7px;border-radius:50%;background:var(--gold2);box-shadow:0 0 0 3px var(--navy)}
.narr-mark{position:absolute;top:50%;transform:translate(-50%,-78%);width:40px;height:40px;background:transparent;border:0;padding:0;cursor:pointer;display:flex;align-items:flex-end;justify-content:center}
.narr-mark::before{content:"";width:9px;height:9px;border-radius:50%;background:var(--navy);border:2px solid #6c7891;margin-bottom:11px}
.narr-mark.done::before{background:var(--gold);border-color:var(--gold)}
.narr-mark.here::before{background:var(--red);border-color:var(--paper);width:13px;height:13px}
.narr-controls{max-width:72rem;margin:auto;display:flex;align-items:center;gap:.4rem;padding:.5rem .6rem}
.narr-play{flex:none;width:50px;height:50px;border-radius:50%;border:0;background:var(--gold);color:var(--navy);cursor:pointer;display:flex;align-items:center;justify-content:center}
.narr-meta{flex:1;min-width:0}
.narr-label{margin:0;font:600 1.1rem/1.2 var(--display);white-space:nowrap;overflow:hidden;text-overflow:ellipsis}
.narr-sub{margin:.15rem 0 0;font:400 .72rem/1.3 var(--mono);color:var(--mute);white-space:nowrap;overflow:hidden;text-overflow:ellipsis}
.narr-btn{flex:none;min-height:42px;min-width:42px;padding:.45rem .55rem;background:transparent;border:1px solid rgba(201,162,74,.5);color:var(--paper);font:500 .72rem/1 var(--mono);cursor:pointer;border-radius:8px}
.narr-btn:hover{border-color:var(--gold2)}
.narr-follow[data-on="1"]{background:rgba(201,162,74,.2);border-color:var(--gold)}
.narr-follow[data-on="0"]{border-style:dashed;opacity:.8}
.narr-close{font-size:1.05rem}
@media (max-width:600px){
  #narratorRate{display:none}
  .narr-controls{gap:.25rem;padding:.45rem}
  .narr-btn{padding:.45rem .35rem;font-size:.64rem;min-width:38px}
  .narr-label{font-size:.98rem}
  .narr-sub{display:none}
  .narr-play{width:44px;height:44px}
}

/* share pages + transcript */
.sharepage{padding:0}
.sp{max-width:40rem;margin:0 auto;padding:1.4rem 1rem 4rem}
.sp img{width:100%;border:var(--rule);margin:1rem 0}
.sp-home{font:500 .85rem/1 var(--mono)}
.sp .btn{display:inline-block;background:var(--gold);color:var(--navy);padding:.8rem 1.2rem;border-radius:8px;text-decoration:none;font:500 .9rem/1 var(--mono)}
.sp nav h2{font-size:1.3rem;margin-top:2rem}
.tr h1{font-size:2.6rem;margin-top:1rem}
.tr h2{font-size:1.6rem;margin-top:2rem;color:var(--gold2)}
.tr b{color:var(--gold2);font-weight:500}

@media (prefers-reduced-motion:reduce){
  *{scroll-behavior:auto!important;transition:none!important;animation:none!important}
}
@media print{.mast,.narr,.drawer,.circulate,.listen-row,.sheet{display:none!important}body{background:#fff;color:#000}}

/* one offer at a time: the floating pill waits until the big button has scrolled away */
html[data-big-listen="1"] .narr[data-state=collapsed] .narr-pill{display:none}
@media (max-width:620px){.mast-listen{display:none}}
@media (min-width:761px){.hero-img{max-height:min(80vh,941px)}}