Longreads + Open Thread
Comp, Asness, Cleo, Whistleblowers, Stagnation, EMH, The Great Depression
All posts
In chronological order
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The Economy is Usually Not Just the Consumer Credit Cycle
Unlock Premium to read this post →Plus! Think Step-By-Step; A Bull Market in Japan, Gradually Startup Fraud; De Minimis; Waymo
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A Good Slice of a Tough Business
Unlock Premium to read this post →Plus! Accounting Problems; Fractal Complexity; Supply and Demand; Ads and Chatbots; Public/Private Convergence
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The Weird Economy of Online Reputation Management
Unlock Premium to read this post →Plus! 0DTEs; You Can't Get That Diversified in Just One Asset Class; Clouds; Deal Flow and Value-Add; Outflows
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On Currencies
Become a member to gain access →Plus! Taiwan and the US; Massaging the Numbers; First Loss; Pods; Fake Offers; Diff Jobs
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Longreads + Open Thread
Become a member to gain access →Efficiency, Diversification, Scrolls, Klein, FedEx, Regulations, Capital Gains
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Big Tech as a Fleet Rather than an Aircraft Carrier
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Where Would You Look for Signs of Broad Market Inefficiency?
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What, Exactly are we Trying to Tax?
Read this article →Plus! Correlations; Reorganization; Dating Copilots; Thematic Investing; Bid Density
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Longreads + Open Thread
Become a member to gain access →GLP-1s, Privacy, Seeing Like a State, Security, Pseudonymity, The Canon, Buybacks, RJR
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The Indefinite Growth Valuation Paradox
Unlock Premium to read this post →Plus! AI Deployment; Dual Use; Blurring the "Budget" Category; Central Planning with American Characteristics; Owning Supply
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Owning Distribution or Fulfillment in Consumer-Facing Last-Mile Logistics
Unlock Premium to read this post →Plus! Art and Assets; Atomic Interactions; Industry Cycles; Economies of Scale; Payrolls, CPI, and... Nvidia's Guide?