@font-face {
  font-family: 'IBM Plex Mono Fallback';
  src: local('Consolas'), local('SFMono-Regular'), local('Menlo');
}

:root {
  --ink-950: #15120e;
  --ink-900: #1c1712;
  --ink-800: #292019;
  --ink-700: #3c3026;
  --paper: #f5efe2;
  --paper-dim: #e9e0cb;
  --ink-on-paper: #211a12;
  --muted-on-paper: #6b5d47;
  --accent: #c98a35;
  --accent-strong: #a86b1f;
  --accum: #4c7266;
  --accum-bg: rgba(76, 114, 102, 0.12);
  --dist: #a8503a;
  --dist-bg: rgba(168, 80, 58, 0.12);
  --rule: rgba(33, 26, 18, 0.16);
  --bg: var(--paper);
  --surface: #fffdf7;
  --surface-2: #fbf6ea;
  --text: var(--ink-on-paper);
  --text-muted: var(--muted-on-paper);
  --border: var(--rule);
}

@media (prefers-color-scheme: dark) {
  :root {
    --bg: var(--ink-950);
    --surface: var(--ink-900);
    --surface-2: #221b14;
    --text: #efe6d4;
    --text-muted: #b0a184;
    --border: rgba(239, 230, 212, 0.14);
    --accent: #e0a84f;
    --accent-strong: #f2bd6a;
    --accum: #7ea895;
    --accum-bg: rgba(126, 168, 149, 0.14);
    --dist: #d17a5f;
    --dist-bg: rgba(209, 122, 95, 0.14);
  }
}
:root[data-theme="dark"] {
  --bg: var(--ink-950);
  --surface: var(--ink-900);
  --surface-2: #221b14;
  --text: #efe6d4;
  --text-muted: #b0a184;
  --border: rgba(239, 230, 212, 0.14);
  --accent: #e0a84f;
  --accent-strong: #f2bd6a;
  --accum: #7ea895;
  --accum-bg: rgba(126, 168, 149, 0.14);
  --dist: #d17a5f;
  --dist-bg: rgba(209, 122, 95, 0.14);
}
:root[data-theme="light"] {
  --bg: var(--paper);
  --surface: #fffdf7;
  --surface-2: #fbf6ea;
  --text: var(--ink-on-paper);
  --text-muted: var(--muted-on-paper);
  --border: var(--rule);
  --accent: #c98a35;
  --accent-strong: #a86b1f;
  --accum: #4c7266;
  --accum-bg: rgba(76, 114, 102, 0.12);
  --dist: #a8503a;
  --dist-bg: rgba(168, 80, 58, 0.12);
}

* { box-sizing: border-box; }
html { scroll-behavior: smooth; }
@media (prefers-reduced-motion: reduce) { html { scroll-behavior: auto; } }
html, body { margin: 0; padding: 0; }
body {
  background: var(--bg);
  color: var(--text);
  font-family: Georgia, 'Iowan Old Style', 'Palatino Linotype', 'URW Palladio L', serif;
  line-height: 1.5;
  -webkit-font-smoothing: antialiased;
}
.sans { font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif; }
a { color: var(--accent-strong); }
:focus-visible { outline: 2px solid var(--accent); outline-offset: 2px; }

/* ---------- ticker tape ---------- */
.tape-wrap {
  background: var(--ink-950);
  border-bottom: 1px solid var(--border);
  overflow: hidden;
  white-space: nowrap;
}
.tape {
  display: inline-flex;
  gap: 2.5rem;
  padding: 0.55rem 0;
  animation: scroll-tape 38s linear infinite;
  will-change: transform;
}
@keyframes scroll-tape {
  from { transform: translateX(0); }
  to { transform: translateX(-50%); }
}
@media (prefers-reduced-motion: reduce) {
  .tape { animation: none; }
  .tape-wrap { overflow-x: auto; }
}
.tape-item {
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  font-size: 0.8rem;
  letter-spacing: 0.02em;
  color: #cbb98f;
  display: inline-flex;
  gap: 0.5rem;
  align-items: baseline;
}
.tape-item b { color: #f0e3c4; font-weight: 600; }
.tape-item .up { color: #8fbfa5; }
.tape-item .down { color: #d78e77; }
.tape-item .flat { color: #cbb98f; }

/* ---------- sticky nav ---------- */
nav.topnav {
  position: sticky;
  top: 0;
  z-index: 20;
  background: color-mix(in srgb, var(--bg) 88%, transparent);
  backdrop-filter: blur(8px);
  border-bottom: 1px solid var(--border);
}
.topnav-inner {
  max-width: 880px;
  margin: 0 auto;
  padding: 0.7rem 1.75rem;
  display: flex;
  align-items: center;
  justify-content: space-between;
  gap: 1rem;
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
}
.topnav-links { display: flex; gap: 1.35rem; flex-wrap: wrap; }
.topnav-links a {
  color: var(--text-muted);
  text-decoration: none;
  font-size: 0.83rem;
  font-weight: 600;
  letter-spacing: 0.01em;
  padding: 0.2rem 0;
  border-bottom: 2px solid transparent;
  transition: color 0.15s ease, border-color 0.15s ease;
}
.topnav-links a:hover, .topnav-links a.active { color: var(--text); border-color: var(--accent); }
.lang-switch { display: flex; gap: 0.4rem; font-size: 0.78rem; }
.lang-switch a {
  text-decoration: none;
  color: var(--text-muted);
  padding: 0.2rem 0.5rem;
  border-radius: 4px;
  border: 1px solid transparent;
}
.lang-switch a.current { color: var(--text); border-color: var(--border); font-weight: 700; }
.lang-switch a:not(.current):hover { color: var(--text); }

/* ---------- masthead ---------- */
header.masthead {
  max-width: 880px;
  margin: 0 auto;
  padding: 3rem 1.75rem 2rem;
  border-bottom: 3px double var(--border);
}
.eyebrow {
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  text-transform: uppercase;
  letter-spacing: 0.14em;
  font-size: 0.72rem;
  color: var(--text-muted);
  display: flex;
  justify-content: space-between;
  align-items: baseline;
  margin-bottom: 1.1rem;
  flex-wrap: wrap;
  gap: 0.4rem;
}
h1.title {
  font-size: clamp(2rem, 4.2vw, 2.9rem);
  line-height: 1.08;
  margin: 0 0 0.6rem;
  text-wrap: balance;
  font-weight: 600;
  letter-spacing: -0.01em;
}
.dek {
  font-size: 1.12rem;
  color: var(--text-muted);
  max-width: 62ch;
  margin: 0;
  text-wrap: pretty;
}

main { max-width: 880px; margin: 0 auto; padding: 0 1.75rem 5rem; }

section { padding-top: 2.75rem; scroll-margin-top: 3.5rem; }
section + section { border-top: 1px solid var(--border); }

h2.head {
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  text-transform: uppercase;
  font-size: 0.78rem;
  letter-spacing: 0.1em;
  font-weight: 700;
  color: var(--accent-strong);
  margin: 0 0 0.35rem;
}
h3.subhead {
  font-size: 1.5rem;
  font-weight: 600;
  margin: 0 0 1rem;
  text-wrap: balance;
}
p.lede { font-size: 1.03rem; max-width: 66ch; color: var(--text); }
p.note { color: var(--text-muted); font-size: 0.95rem; max-width: 66ch; }

/* ---------- disclosure banner ---------- */
.disclosure {
  background: var(--surface);
  border: 1px solid var(--border);
  border-left: 3px solid var(--accent);
  border-radius: 3px;
  padding: 1rem 1.25rem;
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  font-size: 0.92rem;
  color: var(--text);
  margin: 1.5rem 0 0;
}
.disclosure b { color: var(--accent-strong); }

/* ---------- watchlist table ---------- */
.table-toolbar {
  display: flex;
  align-items: center;
  justify-content: space-between;
  gap: 1rem;
  margin-top: 1.25rem;
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  font-size: 0.78rem;
  color: var(--text-muted);
}
.table-scroll { overflow-x: auto; margin-top: 0.6rem; border: 1px solid var(--border); border-radius: 6px; }
table.watchlist {
  width: 100%;
  border-collapse: collapse;
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  font-size: 0.88rem;
  min-width: 640px;
}
table.watchlist caption { text-align: left; caption-side: bottom; padding: 0.6rem 0.7rem; color: var(--text-muted); font-size: 0.78rem; border-top: 1px solid var(--border); }
table.watchlist th {
  text-align: left;
  font-weight: 600;
  text-transform: uppercase;
  font-size: 0.68rem;
  letter-spacing: 0.06em;
  color: var(--text-muted);
  padding: 0.55rem 0.7rem;
  border-bottom: 2px solid var(--border);
  white-space: nowrap;
  background: var(--surface-2);
  position: sticky;
  top: 0;
}
table.watchlist th button {
  all: unset;
  cursor: pointer;
  display: inline-flex;
  align-items: center;
  gap: 0.3rem;
}
table.watchlist th button:hover { color: var(--text); }
table.watchlist th .sort-arrow { font-size: 0.62rem; opacity: 0.45; }
table.watchlist th[aria-sort="ascending"] .sort-arrow,
table.watchlist th[aria-sort="descending"] .sort-arrow { opacity: 1; color: var(--accent-strong); }
table.watchlist td {
  padding: 0.62rem 0.7rem;
  border-bottom: 1px solid var(--border);
  white-space: nowrap;
}
table.watchlist tbody tr:last-child td { border-bottom: none; }
table.watchlist tbody tr:hover { background: var(--surface); }
.ticker-cell { font-weight: 700; }
.ticker-cell .name { display: block; font-weight: 400; color: var(--text-muted); font-size: 0.78rem; white-space: normal; }
.num { text-align: right; font-family: ui-monospace, 'SFMono-Regular', Consolas, 'IBM Plex Mono Fallback', monospace; font-variant-numeric: tabular-nums; }
.pos { color: var(--accum); }
.neg { color: var(--dist); }
.score-bar-wrap { display: flex; align-items: center; gap: 0.5rem; justify-content: flex-end; }
.score-bar { width: 54px; height: 6px; border-radius: 3px; background: var(--paper-dim); overflow: hidden; position: relative; }
:root[data-theme="dark"] .score-bar { background: var(--ink-800); }
@media (prefers-color-scheme: dark) { .score-bar { background: var(--ink-800); } }
.score-bar > span { display: block; height: 100%; background: var(--accent); border-radius: 3px; transform-origin: left; transform: scaleX(0); transition: transform 0.7s cubic-bezier(.2,.7,.2,1); }
.score-bar > span.grown { transform: scaleX(1); }
.pill {
  display: inline-block;
  font-size: 0.68rem;
  font-weight: 700;
  letter-spacing: 0.03em;
  text-transform: uppercase;
  padding: 0.2rem 0.5rem;
  border-radius: 999px;
  background: var(--accum-bg);
  color: var(--accum);
  white-space: nowrap;
}

/* ---------- sizing case card ---------- */
.case { display: grid; grid-template-columns: 1fr; gap: 1.25rem; margin-top: 1.5rem; }
@media (min-width: 640px) { .case { grid-template-columns: 1.1fr 1fr; } }
.case-panel { background: var(--surface); border: 1px solid var(--border); border-radius: 6px; padding: 1.25rem 1.4rem; }
.case-panel h4 {
  margin: 0 0 0.9rem;
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  font-size: 0.75rem;
  text-transform: uppercase;
  letter-spacing: 0.08em;
  color: var(--text-muted);
}
dl.metrics { margin: 0; display: grid; grid-template-columns: 1fr auto; row-gap: 0.55rem; column-gap: 1rem; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif; font-size: 0.92rem;}
dl.metrics dt { color: var(--text-muted); }
dl.metrics dd { margin: 0; font-family: ui-monospace, 'SFMono-Regular', Consolas, monospace; font-variant-numeric: tabular-nums; text-align: right; font-weight: 600; }
.verdict-stamp {
  margin-top: 1.1rem;
  display: inline-flex;
  align-items: center;
  gap: 0.5rem;
  border: 2px solid var(--dist);
  color: var(--dist);
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  font-weight: 800;
  letter-spacing: 0.08em;
  font-size: 0.85rem;
  padding: 0.35rem 0.7rem;
  border-radius: 4px;
  transform: rotate(-1.5deg);
}
.kelly-formula {
  font-family: ui-monospace, 'SFMono-Regular', Consolas, monospace;
  font-size: 0.85rem;
  background: var(--bg);
  border: 1px solid var(--border);
  border-radius: 4px;
  padding: 0.8rem 1rem;
  color: var(--text-muted);
  line-height: 1.65;
}
.kelly-formula .result { color: var(--dist); font-weight: 700; }

/* ---------- honesty beat ---------- */
.honesty { margin-top: 1.5rem; background: var(--surface); border: 1px solid var(--border); border-radius: 6px; overflow: hidden; }
.honesty-head {
  padding: 1.1rem 1.4rem;
  background: var(--dist-bg);
  border-bottom: 1px solid var(--border);
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
}
.honesty-head .big { font-family: Georgia, serif; font-size: 2.1rem; font-weight: 700; color: var(--dist); line-height: 1; font-variant-numeric: tabular-nums; }
.honesty-head .cap { font-size: 0.85rem; color: var(--text-muted); margin-top: 0.35rem; }
.honesty-body { padding: 1.4rem; }
.buckets { display: grid; gap: 1rem; }
.bucket-row {
  display: grid;
  grid-template-columns: 130px 1fr auto;
  align-items: center;
  gap: 1rem;
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  font-size: 0.88rem;
  cursor: default;
}
.bucket-label { font-weight: 600; }
.bucket-track { height: 10px; border-radius: 5px; background: var(--paper-dim); position: relative; overflow: visible; }
:root[data-theme="dark"] .bucket-track { background: var(--ink-800); }
@media (prefers-color-scheme: dark) { .bucket-track { background: var(--ink-800); } }
.bucket-fill {
  position: absolute; left: 0; top: 0; bottom: 0;
  background: var(--dist);
  border-radius: 5px;
  width: 0;
  transition: width 0.9s cubic-bezier(.2,.7,.2,1);
}
.bucket-fill.grown { width: var(--w, 3px); }
.bucket-fill.win-scale { background: var(--text-muted); opacity: 0.6; }
.bucket-fill.edge { background: var(--accent); opacity: 1; }
.bucket-n { font-family: ui-monospace, monospace; font-variant-numeric: tabular-nums; color: var(--text-muted); white-space: nowrap; }
.bucket-row[data-tip] { position: relative; }
.bucket-row .tip {
  position: absolute;
  left: 130px;
  bottom: 100%;
  margin-bottom: 0.4rem;
  background: var(--ink-950);
  color: #f0e3c4;
  font-size: 0.72rem;
  padding: 0.4rem 0.6rem;
  border-radius: 4px;
  white-space: nowrap;
  opacity: 0;
  pointer-events: none;
  transform: translateY(4px);
  transition: opacity 0.15s ease, transform 0.15s ease;
  z-index: 5;
}
.bucket-row:hover .tip, .bucket-row:focus-within .tip { opacity: 1; transform: translateY(0); }

/* ---------- architecture strip ---------- */
.flow { display: flex; flex-wrap: wrap; align-items: center; gap: 0.5rem; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif; font-size: 0.85rem; margin-top: 1.25rem; }
.flow-step { background: var(--surface); border: 1px solid var(--border); border-radius: 5px; padding: 0.5rem 0.8rem; font-weight: 600; }
.flow-arrow { color: var(--text-muted); font-size: 0.9rem; }

/* ---------- footer ---------- */
footer {
  max-width: 880px;
  margin: 0 auto;
  padding: 2.5rem 1.75rem 3.5rem;
  display: flex;
  flex-wrap: wrap;
  justify-content: space-between;
  gap: 1rem;
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  font-size: 0.85rem;
  color: var(--text-muted);
  border-top: 1px solid var(--border);
}
footer a { color: var(--text); text-decoration: none; border-bottom: 1px solid var(--border); }
footer a:hover { border-color: var(--accent); }

.quote {
  font-style: italic;
  font-size: 1.25rem;
  line-height: 1.5;
  color: var(--text);
  border-left: 3px solid var(--accent);
  padding-left: 1.2rem;
  margin: 1.5rem 0 0;
  max-width: 58ch;
}
.quote cite {
  display: block;
  font-style: normal;
  font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Helvetica, Arial, sans-serif;
  font-size: 0.78rem;
  text-transform: uppercase;
  letter-spacing: 0.06em;
  color: var(--text-muted);
  margin-top: 0.6rem;
}

/* ---------- reveal-on-scroll ---------- */
.reveal { opacity: 0; transform: translateY(10px); transition: opacity 0.55s ease, transform 0.55s ease; }
.reveal.in { opacity: 1; transform: translateY(0); }
@media (prefers-reduced-motion: reduce) {
  .reveal { opacity: 1; transform: none; transition: none; }
}