Multiflation • Choice, Not Chance • Investing • Process • Macroeconomics • Financial & Economic History
Multiflation • Choice, Not Chance • Process • Markets • Economics Macro ↔ Micro • History • Philosophy • Incentives, Governance, & Dark Arts • Special Situations • Dislocations • Entrepreneurship • AI
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A newsletter covering markets, finance, politics and culture since 2001.
I’ve managed capital for decades. I write to think about investing, playbooks, reflection, edge, and more. Everything here is underwritten...