Quality stocks are companies with durable competitive advantages, resilient balance sheets and strong profitability. They typically generate high returns on capital, reinvest earnings effectively, and show resilience across market cycles. Quality businesses are often leaders in their industries, combining financial strength with the capacity to sustain growth over the long term.

The internet has transformed shopping many times before. We have gone from browsing aisles in physical stores, to typing keywords into search bars, to tapping on mobile apps that deliver products with a swipe. Each step promised to revolutionise retail. And yet, most of these shifts were more evolutionary than revolutionary: e-commerce added a new channel, mobile made shopping more frequent, social media added discovery. But the underlying remained the same. Brands tried to capture our attention. We clicked, we browsed, we paid.

In July 2025, the United States enacted the GENIUS Act (The Guiding and Establishing National Innovation for US Stablecoins Act), the first comprehensive federal framework for regulating stablecoin payment tokens. A stablecoin is essentially a digital dollar (or any other currency) on a blockchain, designed to keep its value steady by being backed 1:1 with traditional assets such as US dollars or Treasuries. It is a landmark piece of legislation that not only brings long-awaited clarity to the market but also positions the dollar as the dominant currency of the digital era. By setting strict rules around reserves, licensing, and transparency, the law legitimises stablecoins as digital payment instruments while safeguarding financial stability. The Act answers a simple but crucial question: how do you allow innovation in digital money without losing trust in the financial system? In many ways, it achieves that balance.