The One-Big-Side-Bet Model of Wealth Creation
Plus! Diff Jobs; Building Japan's Financial Ecosystem; The New Balance of Trade; Where Return on Investment Goes; Broken ETFs; Swipe Fees and Accounting
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Longreads + Open Thread
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What Would a Strategic Bitcoin Reserve Actually Do?
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We Still Have No Idea Whether Passive Investing is a Meaningful Risk
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After Return on Equity
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Longreads + Open Thread
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ServiceTitan and the Software-vs-PE Race
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Adversarial Internal Communications
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Robinhood as the Meme Stock Meta-Hedge
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The Modern Private Equity Business was Invented in Beverly Hills in the 70s
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Longreads + Open Thread
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Endless, Ambient Search
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