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Latest issue · No. 47
The cost of chasing
Why the most expensive decision in a bull market is the trade you make because you are bored.
Oct 26, 2026 · 2 min read · From the desk
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Three numbers we check every Friday
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- No. 46Three numbers we check every FridayA five-minute routine that catches more problems than any earnings model.Oct 19, 2026Free
- No. 45The short end is the storyEveryone is arguing about the next rate cut. The only thing that matters is what happens to the front of the curve.Oct 12, 2026Subscriber
- No. 44A field guide to management red flagsSix phrases that tell you more than the guidance does.Oct 5, 2026Subscriber
- No. 43What actually compoundsNot earnings. Not revenue. Reinvestment at a high return on capital, for longer than feels reasonable.Sep 28, 2026Subscriber
- No. 42Selling is harder than buyingThree sell rules we wrote down in advance, because we cannot be trusted in the moment.Sep 21, 2026Subscriber