Does Technical Debt Explain the Productivity Paradox?
Plus! Adult Supervision; Frontrunning; The BNPL Stack; Oil: More Fungible than Dollars; Offices and the Flight to Quality
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Railroad Deep Dive: Analyzing CSX
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AWS for Industry, But Better: The Railroad Investment Case
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Longreads + Open Thread
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Optimal Research Allocation
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Demographic Shifts can Reverse a Financial Law (Everywhere Except Japan)
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What the Biggest, Best Bank is Seeing
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Snap: The Relentless Quest to Own the Interface
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Longreads + Open Thread
Become a member to gain access →Regulatory Arbitrage, Mean Reversion, Replication, Bees, Specialization, Snap
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Adverse Selection is the Second Most Powerful Force in the Universe
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It's Hard to Know Brokers' Long-Term Economics, But Easy to Guess Badly
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Meme Stocks for the 0.01%
Unlock Premium to read this post →Plus! Ads Everywhere; JetBlue Goes Hostile; Institutional Constraints; Family Offices; The Long March Continues