A brief request before this week’s selections. Lucas Miller of UC Berkeley, a longtime MOI member and keynote speaker at Latticework 2026 in Chicago, is studying how investors are bringing AI into their process in ways that sharpen judgment rather than erode it. Please take this brief survey, which should take only a minute or so. Two respondents, drawn at random, will receive a special prize. The raffle closes on Friday, October 9. Lucas will share the results at the Latticework summit on November 10.

A quick summary of this week’s selections:

11 Articles We Are Reading This Week

1. Repeal the laws - Howard Marks

2. AI lab economics - Rohit Krishnan

3. Opinions about risk - Scott Sumner

4. Drifting in uncertainty - Devin LaSarre

5. Nobody will slow down - Mauricio Heck

6. Reserves, not the dollar - Brad Setser

7. Streamlining the engine - Brian Potter

8. Japan’s value-up all-stars - Naoki Ito

9. Forward deployed engineers - Byrne Hobart

10. Agents buying your sneakers - Andrew Walker

11. Wealth taxes and founder control - Christian Angelopoulos

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: banking | gaming | optics | real estate | software | travel

Geographic Insights: China | Europe | India | Japan | Kyrgyzstan

Letters: GoodHaven | KMF | Roshan Padamadan | Star Magnolia

Company Insights: Bellway | BOSS Zhipin | Corteva | Exor | Liberty Media | Meta | Oxford Biomedica | Sabre | Shift4 | SoftBank | Wavestone

Company Slides: AutoZone | Darden | Exor | General Mills | H.B. Fuller | H&M | KB Home | McDonald’s | MillerKnoll | Novo | Paychex | Thor

5 Videos We Are Watching This Week

1. Bloomberg - Howard Marks on optimism, AI, and the case for caution

2. All-In Podcast - Bill Gurley on the hunt for the next Richard Feynman

3. Goldman Sachs - Rich Friedman on private markets and AI investing

4. Graham Bensinger - Mike Macdonald on his climb to the Super Bowl

5. Alt Goes Mainstream - KKR’s Pete Stavros on a culture of ownership

5 Podcasts We Are Listening to This Week

1. Founders - David Senra on how Sam Walton worked to build Walmart

2. David Senra - Peter Rahal on the path from RXBAR to David Protein

3. Arthur Brooks - Simon Sinek on the four practical secrets to optimism

4. Capital Allocators - André Perold on investing through rapid changes

5. In Good Company - Alexander Stubb on defence and the world order

If Weekly Inspiration is worth your time, it is probably worth a colleague’s. Share it with them — referrals earn complimentary months of paid access.

Refer a friend

11 Articles We Are Reading This Week

1. Buffett - Ravi Nagarajan

2. Zuckerberg - Jeremy Stern

3. Double-digit growth - Ben Moll

4. Small-cap stock rally - Dan Rasmussen

5. Anatomy of a blowup - Alejandro Yela

6. Rates and stock prices - Aswath Damodaran

7. No loneliness epidemic - Adam Mastroianni

8. Retail fleece for the ages - John Hempton

9. Wishful thinking is a myth - Dan Williams

10. Why ambitious investors fail - Reimar Scholz

11. Recursive self-improvement risk - Erik Hoel

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: artificial intelligence | autonomous vehicles | automotive | banking | BDCs | crude oil | data centers | defense | software

Geographic Insights: Australia | China | Japan | Taiwan | UK | US

Letters: AQR Capital | GDS Investments

Company Insights: Barco | Bolloré | BN | D’Ieteren | Roblox | Softbank

Company Slides: Brookfield | MLP Group | Nordea | Red Cat | Robertet

5 Videos We Are Watching This Week

1. Norges - Jon McNeill on the growth algorithm behind Tesla, GM, Lyft

2. DoubleLine - Jeffrey Gundlach on the Fed’s half-point miss and bonds

3. Steve Eisman - Vincent Daniel and Porter Collins on rates, gold, picks

4. Morgan Stanley - David Einhorn on why AI’s gains accrue to the users

5. Knowledge Project - Tobi Lütke on the skills AI makes more valuable

5 Podcasts We Are Listening to This Week

1. Boyar - Chris Mayer on AI as a junior analyst and a public board seat

2. Acquired - Home Depot, the top-returning stock in the US since 1981

3. Odd Lots - Robert Friedland on the “monumental” shortage of copper

4. Dwarkesh - Noam Brown on agent swarms and AI that improves itself

5. David Senra - Luca Ferrari on talent and execution at Bending Spoons

If Weekly Inspiration is worth your time, it is probably worth a colleague’s. Share it with them — referrals earn complimentary months of paid access.

Refer a friend

Meet great investors and fellow lifelong learners at Latticework 2026.

11 Articles We Are Reading This Week

1. Dearth of thought - Django Davidson

2. Writing things down - Ben Thompson

3. Surface area for luck - Todd Wenning

4. Why robotics is hard - Steve Newman

5. Cheap is often better - Reimar Scholz

6. End of cheap compute - Joost van Dreunen

7. The fourth exponential - Tae Kim

8. Druckenmiller unbound - Harvey Sawikin

9. Small-cap lottery tickets - Daniel Rasmussen

10. Scaling versus profitability - Aswath Damodaran

11. Culture becomes a dark forest - Erik Hoel

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: ai | autos | exchanges | healthcare | oil and gas | software

Geographic Insights: Argentina | India | Ireland | Taiwan

Letters: J.P. Morgan | Second Wave | Silver Beech

Company Insights: Applied | Deckers | Flitto | Nvidia | Shurgard | Vivendi

Company Slides: AEO | Descartes | Energean | Glenveagh | Gym Group | Inditex | Korn Ferry | Macy’s | Playtech | Teck | THG | United Natural Foods

5 Videos We Are Watching This Week

1. a16z - Why investors are rethinking almost everything about the AI era

2. DoubleLine - Jeffrey Gundlach on long bonds and the Fed’s next move

3. David Senra - Zach Dell on building Base Power for the next 50 years

4. Six Five Media - Marvell CEO on where AI’s next bottleneck now sits

5. Mohnish Pabrai - A Q&A with Copenhagen Business School students

5 Podcasts We Are Listening to This Week

1. Norges - XPeng’s co-president on physical AI, robots and flying cars

2. How I AI - Inside Kai, the AI agent used weekly by 10,000 Stripe staff

3. Mindscape - Jared Diamond on the course of history and its leaders

4. The Insight - Oaktree’s credit co-CEOs on risk in direct lending today

5. Price-to-Value - Neil Vogel on brands and capital allocation at People

If Weekly Inspiration is worth your time, it is probably worth a colleague’s. Share it with them — referrals earn complimentary months of paid access.

Refer a friend

Meet great investors and fellow lifelong learners at Latticework 2026.

Hear this week’s highlights:

11 Articles We Are Reading This Week

1. Oil in salt domes - Brian Potter

2. Agent civilizations - Dwarkesh Patel

3. IPO housing effect - Byrne Hobart

4. AI data center math - Mallika Paulraj

5. Knightian uncertainty - Richard Ngo

6. Incumbents are coming - Seema Amble

7. Warped time perception - Mike Mariani

8. Scaling versus profitability - Aswath Damodaran

9. SaaS and the reckless crowd - Harvey Sawikin

10. Learning that feels like learning - Jack Despain Zhou

11. Share issuance as a timing signal - Amos Lawrence

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: artificial intelligence | banking | commodities | cybersecurity | rare earths | semiconductors | shipping | software

Geographic Insights: Australia | China | Europe | Ireland | Poland

Letters: Crossroads | Greenhaven Road | J.P. Morgan | Maestria

Company Insights: Alphabet | HAL Trust | Oxford Metrics | UMG | WEAT

Company Slides: Bakkafrost | Bunzl | Dell | Fortuna Mining | HP Enterprise | Medtronic | Samsara | Sasol | SAIC | Swiss Life | Victoria’s Secret | Wiley

5 Videos We Are Watching This Week

1. a16z - Ben Horowitz on chips, power and the layer beneath the models

2. Forbes - David Booth on why public markets still beat the alternatives

3. Semafor - Blackstone’s Jon Gray on big bets and staying skeptical of AI

4. Goldman Sachs - On who supplies the power as token use keeps rising

5. Oxbow Advisors - Dan Rasmussen on markets and where the odds sit

5 Podcasts We Are Listening to This Week

1. Acquirers - Matt Sweeney on patience as the one durable edge left

2. In Good Company - Deere CEO on tractors and farming in the AI era

3. Invest Like the Best - Sarah Guo on compute in fragile supply chains

4. Bogumil Baranowski - Paul Johnson on the false value-growth divide

5. Conversations with Tyler - Michael Moritz on exile and the obsessed

If Weekly Inspiration is worth your time, it is probably worth a colleague’s. Share it with them — referrals earn complimentary months of paid access.

Refer a friend

Meet great investors and fellow lifelong learners at Latticework 2026.

11 Articles We Are Reading This Week

1. Hyperscalers - Joachim Klement

2. Turbulent AI era - Bill Gates

3. Lakers investment - Andrew Walker

4. AI economics winners - Rohit Krishnan

5. Medical oracle problem - Bobby Samuels

6. Autonomy and innovation - Ben Thompson

7. Winds of thematic change - Moses Sternstein

8. Homer on moral excellence - Stephen Pimentel

9. Capitalizing untethered agents - Tyler Cowen

10. Advertising platforms and antitrust - Byrne Hobart

11. Paying up for information in reverse - Harvey Sawikin

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: ai | banking | gaming | ice | robotaxis | software

Geographic Insights: China | Germany | Indonesia | Japan | UK | US

Letters: Alluvial | Desert Lion | McElvaine | Pender | Southeastern

Company Insights: Cal-Maine Foods | EVT | Intuit | Moderna | Nvidia | Planet Fitness | Power Solutions | ServiceNow | Walmart | Watkin Jones

Company Slides: Aroundtown | Bilibili | CIBC | HP | Insmed | Kohl’s | Marvell | Okta | Pernod Ricard | RBC | Salesforce | Silvercorp Metals

5 Videos We Are Watching This Week

1. Norges - Paul Marshall on why markets keep getting more competitive

2. Livewire - Vihari Ross on concentration risk and the crowded AI trade

3. Josh Zolin - Robert Cialdini on influence without manipulating people

4. Business Brew - Bob Robotti on how to think about cyclical industries

5. Oxbow Advisors - Dan Rasmussen on private markets and public risk

5 Podcasts We Are Listening to This Week

1. How I AI - Ryan Carson on managing 15 AI agents as a solo operator

2. Acquirers - Chris Mayer on what he found in all the 100-bagger stocks

3. Dwarkesh - Dylan Patel on who will own the world's compute by 2028

4. How I Write - Matt Haig on writing books that millions of people read

5. Masters in Business - Alex Morris on Buffett and Munger, unscripted

If Weekly Inspiration is worth your time, it is probably worth a colleague’s. Share it with them — referrals earn complimentary months of paid access.

Refer a friend

Meet great investors and fellow lifelong learners at Latticework 2026.

11 Articles We Are Reading This Week

1. AI and finance - Abraham Thomas

2. Endogenous money - Scott Sumner

3. S&P margin mirage - James Emanuel

4. Thickness versus slop - Adam Mastroianni

5. Hidden routes of trade - Ed Conway

6. AI’s medical speed limit - Celia Ford

7. AI’s bar mitzvah moment - Aswath Damodaran

8. Financing the AI buildout - Ben Thompson

9. Fastest iterating team wins - Sarah Wang

10. Alignment versus enrichment - Andrew Walker

11. Good companies for one euro - Reimar Scholz

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: banking | electric vehicles | neoclouds | offshore drilling | oil and gas | software | video games

Geographic Insights: China | Europe | Korea | UK

Letters: Crossroads | Emeth Value | Fairlight | J.P. Morgan | Pernas | RGAIA

Company Insights: Boston Scientific | Deckers | Entravision | Global Atomic | JD.com | JW Life Science | LENSAR | MegaChips | Nu Holdings | Veeva

Company Slides: BHP | Brixton | CSL | IPH | Lundbeck | Straumann | Viking

5 Videos We Are Watching This Week

1. David Senra - Travis Kalanick on excellence and the capacity for pain

2. Asianometry - How TSMC reuses old fabs to keep feeding AI demand

3. Paul Johnson - Silver Point’s Michael Gatto on the credit analyst’s job

4. Core Memory - What AI still doesn’t understand about living systems

5. Knowledge Project - Roblox’s CEO on fixing yourself before deciding

5 Podcasts We Are Listening to This Week

1. Acquired - Disney, the renaissance and the empire that ESPN funded

2. How I Write - Elif Shafak and Robert Macfarlane in epic conversation

3. Excess Returns - Bob Robotti on why the real AI trade is not AI itself

4. Invest Like The Best - What happens if the AI boom runs out of cash

5. Conversations with Tyler - Luke Burgis on mimetic desire and belief

Meet great investors and fellow lifelong learners at Latticework 2026.

11 Articles We Are Reading This Week

1. Leo’s conviction - Aswath Damodaran

2. AI and data quality - Abraham Thomas

3. Stupidity of crowds - Harvey Sawikin

4. Tech leadership déjà vu - Michael Pettis

5. Cochrane on monetarism - Scott Sumner

6. Berkshire's buyback signal - Anh Hoang

7. FP&A as counterespionage - Byrne Hobart

8. Hedging an already lost deal - Andrew Walker

9. Authorship and French theory - Alex Danco

10. Economics of open versus closed - Christian Catalini

11. When turnarounds are impossible - Reimar Scholz

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: asset management | banking | credit | fiber | pharma

Geographic Insights: Brazil | China | Japan | Korea | UK/Ireland

Letters: 1 Main | Crossroads | Gator | KP7 | Moerus | Pershing Square

Company Insights: Alphabet | CoreWeave | FIH Group | Hims & Hers | IMAX | Interlife | LyondellBasell | Nvidia | Shift4 | SK Hynix | Uber

Company Slides: Antofagasta | Applied Materials | CACI | Hapag-Lloyd | IHG | KKR | Maersk | Middleby | Pan American Silver | Vestas | Westaim

5 Videos We Are Watching This Week

1. Founders - Claude Shannon, the man who reduced information to bits

2. Goldman Sachs - GoldenTree’s Tananbaum on credit in the AI boom

3. Graham Bensinger - From $700 in a car to Paul Mitchell and Patrón

4. Aswath Damodaran - Aschenbrenner's fund and the risk of conviction

5. Invest Like The Best - Benchmark's Eric Vishria on sizing AI markets

5 Podcasts We Are Listening to This Week

1. Volts - How exposed the power grid really is to a targeted cyber attack

2. Acquired - Eisner, Iger, and Disney’s great comeback in media history

3. David Senra - Michael Ovitz on building CAA and outworking agents

4. Merryn Talks Money - Luke Bridgeman on the capital cycle's turning

5. Conversations with Tyler - Daron Acemoglu on why liberalism failed

Meet great investors and fellow lifelong learners at Latticework 2026.

11 Articles We Are Reading This Week

1. Incentives - Adam Mastroianni

2. Toppy market - Harvey Sawikin

3. Electricity pricing - Neel Somani

4. Too good to be true - Devendra Bambardekar

5. Who hedges and why - Byrne Hobart

6. AI’s biology bottleneck - Daphne Koller

7. Ammunition running dry - Jordan Schneider

8. Inflation the public hates - Scott Sumner

9. AI and software investing - Anh Hoang

10. Evidence-based forecasting - Alexa Burton

11. Guinness maintains popularity - Alex Bilmes

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: batteries | clothing | electricity | financials | software

Geographic Insights: China | Europe | India | Iran | Japan | UK

Letters: Bronte | Hirschmann | Horizon Kinetics | Maran | McIntyre | Smoak | Third Point | Unison | Wedgewood

Company Insights: Avingtrans | EXEL | LVMH | Moonpig | Olin | Vaso

Company Slides: Booking | Caterpillar | CVS | Diageo | Duke Energy | EOG | Gilead | McKesson | Novo | Pfizer | Progressive | Spotify | Uber | Zoetis

5 Videos We Are Watching This Week

1. Fortune - Bill Ackman on Mamdani, Trump and the AI era in market

2. TU Munich - Johannes Teyssen on the top job at E.ON and Lufthansa

3. DoubleLine - Jeffrey Gundlach on the Fed the day after Warsh landed

4. Hoover Institution - Tom Siebel on reinvention and the AI revolution

5. Creative Planning - Carlyle CEO Harvey Schwartz on private markets

5 Podcasts We Are Listening to This Week

1. Norges - Susan Cain on why introverts make better leaders than most

2. Odd Lots - Brad Setser on why America intervened in the yen market

3. David Senra - Micky Malka on backing the best fintech founders early

4. Alpha Exchange - Alec Litowitz on two decades of building Magnetar

5. Invest Like the Best - Gavin Baker on falling AI stocks, rising spend

Meet great investors and fellow lifelong learners at Latticework 2026.

11 Articles We Are Reading This Week

1. Intelligence - Noah Smith

2. Consistency - Howard Lichstrahl

3. Quacking ducks - Harvey Sawikin

4. Costlier compute - Dwarkesh Patel

5. Missing oil shock - Jordan Schneider

6. Gaming of guidance - Aswath Damodaran

7. Situational awareness - Andrew Walker

8. Tariff-breaking sneaker - Ed Conway

9. Post-scarcity stagnation - Charles Rosenbauer

10. Western free speech in retreat - Tomas Pueyo

11. Obsession, prophecy, authenticity - Tom Morgan

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: ai | apparel | banking | gaming | holdcos | software

Geographic Insights: China | Japan | Middle East | UK

Letters: Brennan | Cedar Creek | Focus | GoodHaven | Greystone | MAAT | Masonry | Massif | Moerus | Night Watch | Ocean Park | Pine | Spyglass

Company Insights: Adyen | BioSyent | BTG Pactual | TPFG | PVA Tepla | Resideo | Ryman Hospitality | Universal Music | Uranium Royalty

Company Slides: AerCap | Amazon | Barclays | Bristol-Myers | Crocs | Exxon | Mastercard | Olin | PayPal | S&P | Subsea 7 | Unilever | UPS

5 Videos We Are Watching This Week

1. Economist - Elon Musk on AI timelines, politics, China, and Europe

2. DoubleLine - Gundlach says the steeper curve, not Warsh, is the signal

3. How I Write - How a Navy SEAL writes a bestselling novel every year

4. Jacob Shapiro - Four ex-Stratfor analysts on how the world order ends

5. Diary of a CEO - Ray Dalio on the AI bubble and the changing order

5 Podcasts We Are Listening to This Week

1. Meb Faber - Bob Robotti on the energy shift the market keeps missing

2. David Senra - David Heinemeier Hansson on staying small on purpose

3. Capital Allocators - Michelle Knudsen on reviving NYU’s endowment

4. Graham Bensinger - Clayton Kershaw on the Cy Young and his slump

5. Masters in Business - State Street’s CIO on $5.7tn active and passive

Meet great investors and fellow lifelong learners at Latticework 2026.

11 Articles We Are Reading This Week

1. Intelligence - Cliff Sosin

2. Credit defaults - Joachim Klement

3. Too small to matter - Dan Rasmussen

4. PlayStation’s last disc - Joost van Dreunen

5. Hunting energy names - Benjamin Demase

6. Wiring capital to compute - Daniel Painter

7. Management, quality, or price - Andrew Walker

8. Most surprising thing in sports - David Epstein

9. Betting against frontier models - Dom Cooke

10. Overthinking hates a moving target - George Mack

11. Human worker as civilizational nexus - Luke Burgis

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: ai | banking | datacenters | mining | semis | software

Geographic Insights: Africa | China | UK

Letters: Arquitos | Blue Tower | Chronometer | Claret | Deep Sail | Gate City | Giverny | Legacy Ridge | O’Keefe Stevens | Plural | Upslope | Warden

Company Insights: Alphabet | Atlassian | CECO Environmental | Evolution | Fuller’s | Noodles | Northrop Grumman | NYT | Saga | SeaWorld | Uber

Company Slides: Alphabet | CSX | Danaher | D.R. Horton | Freeport | Honeywell | Lockheed | Moody’s | PG&E | Santander | UNP | United Rentals

5 Videos We Are Watching This Week

1. Semafor - Ralph Lauren CEO Patrice Louvet on brand, China, and AI

2. David Perell - What twelve experts really think about writing using AI

3. RiskReversal - Jim Chanos on AI capex and echoes of the dot-com era

4. In Good Company - Venki Ramakrishnan on the hype of living longer

5. Money News Network - Bill Ackman on his bullish and bearish calls

5 Podcasts We Are Listening to This Week

1. David Senra - Jeff Zalaznick and his billion-dollar restaurant business

2. Master Investor - Jamie Dimon on the debt crisis, AI, and leading well

3. Value After Hours - David Samra on how Artisan hunts value abroad

4. Knowledge Project - Kaz Nejatian on excellence and embracing pain

5. Invest Like the Best - Matthew Smith on the 2028 natural gas crunch

Meet fellow members and great investors at Latticework 2026.

11 Articles We Are Reading This Week

1. Capitulation - Harvey Sawikin

2. Country risk - Aswath Damodaran

3. Amor fati entropy - Hollis Robbins

4. On not selling too early - Javier Pérez

5. AI consciousness claims - Erik Hoel

6. Kimi no reason for panic - Shakeel Hashim

7. Software’s selective selloff - Moses Sternstein

8. Two centuries of reinvention - Eric Markowitz

9. Hiring a million bad employees - George Sivulka

10. Mesa-optimization and education - Matt Duffy

11. Preemptive regulation and progress - Steven Sinofsky

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: banking | gaming | nuclear | payments | software

Geographic Insights: Brazil | China | Latin America | Ukraine

Letters: Cedar Grove | Clayton | Far View | GDS Investments | GMO | JEN Capital | Laughing Water | Longleaf | Oakmark | Right Tail | Wedgewood

Company Insights: Buckle | Compass Diversified / Kyvo | Orchard Funding | PayPal | Rotork | Solstice | Stitch Fix | Toshiba | Ubisoft

Company Slides: ASML | Bank of America | BlackRock | Conagra | Fastenal | GE Aerospace | GS | J&J | J.P. Morgan | Solstad | Wells Fargo

5 Videos We Are Watching This Week

1. CNBC - Warren Buffett on starting Berkshire’s investment in Alphabet

2. Bloomberg - Ryan Cohen on GameStop’s eBay bid and game software

3. David Perell - Hachette CEO David Shelley on the publishing business

4. My First Million - Howard Marks on luck, timing, and misspent years

5. Graham Bensinger - Greg Norman on golf, life and his $300M empire

5 Podcasts We Are Listening to This Week

1. Bloomberg - Jason Wenk on challenging the asset management titans

2. In Good Company - Bellingcat founder Eliot Higgins on hunting truth

3. The Acquirers Podcast - On Terry Smith as quality investing struggles

4. Conversations with Tyler - Chase Koch on principles amidst entropy

5. Behind the Balance Sheet - Rich Pzena on buying out-of-favor stocks

Meet like-minded investors at Latticework 2026.

11 Articles We Are Reading This Week

1. Value gap - Sam Ziff

2. Beyond scaling - Celia Ford

3. AI policy agenda - Dean Ball

4. Selective optimism - Richard Ngo

5. Decline of deviance - Adam Mastroianni

6. Invisible companies - Jay Barney

7. Family business myth - Patrick Rial

8. Death of dividend investing - Todd Wenning

9. American anniversary reflections - Ray Dalio

10. Red-teaming artificial intelligence - James Emanuel

11. Generalization as a leap in evolvability - Steven Frank

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: gaming | nicotine | robotics | semiconductors | software

Geographic Insights: Canada | China | Russia | Thailand

Letters: Absher | Black Bear | Elena | Kingdom Capital | Merrill | Middle Coast | Palm Valley | Southeastern | Stone Sentinel | SVN Capital | Trigram

Company Insights: Bloom | Henry Boot | InBody | LILAK | Nintendo | Röko

Company Slides: Aritzia | Elkem | Enerpac | Europris | Fast Retailing | Helen of Troy | Kinnevik | PriceSmart | Solaris Energy | Solstice | Stolt-Nielsen

5 Videos We Are Watching This Week

1. Legend - LVMH CEO Bernard Arnault on assembling a luxury empire

2. Wealthion - Marc Faber on a coming major market top and its ending

3. Excess Returns - Chris Mayer on SpaceX and a hard reckoning for AI

4. Goldman Sachs - Ken Griffin on AI, China tensions, and data centers

5. Knowledge Project - The psychology of sustaining peak performance

5 Podcasts We Are Listening to This Week

1. WealthTrack - Jason Zweig on taming self-defeating investor behavior

2. Capital Allocators - Pat Dorsey on the subtleties of investing in moats

3. In Good Company - John Graham inside the fund for 22M Canadians

4. Merryn Talks Money - Sarah Ketterer on costly AI investing mistakes

5. Conversations with Tyler - Joel Mokyr on the cultures behind growth

Meet fellow members and great investors at Latticework 2026.

MOI Global members, scroll down for member news and updates.

11 Articles We Are Reading This Week

1. Perpetuity - Christopher Tsai

2. AI economy - Azeem Azhar, et al.

3. Normal service - Michael Godfrey

4. AI cost inflation - Joost van Dreunen

5. Opportunity cost - Anh Hoang

6. Only weird survives - George Mack

7. Flaw of prediction markets - Joachim Klement

8. Kirkland’s private label story - Trung Phan

9. Way to think about data quality - Abraham Thomas

10. Cartography of the risk-free rate - Will Thomson

11. How to learn more and forget less - Mauricio Heck

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: ai | credit | energy | memory chips | oil | streaming

Geographic Insights: Africa | China | India | Japan | Taiwan | UK

Letters: Brock Milton | Manole | Merrill | Ocean Park | Patient | Protean | Royce | St. James | Tikehau | Value Firm | Vltava Fund

Company Insights: Austco Healthcare | Constellation Software | Fujita / Sanyo | Pitney Bowes | Regal Rexnord | Seacor Marine | Somnigroup

Company Slides: Bang & Olufsen | FactSet | Franklin Covey | General Mills | Greenbrier | Lindsay | MSC Industrial | Prosus | Sainsbury | Sodexo | Wise

5 Videos We Are Watching This Week

1. CNBC - Alex Karp on Anthropic, OpenAI, and why top CEOs are livid

2. iCapital - Cliff Asness on why expensive and a bubble are not the same

3. Stanford - Microsoft’s Satya Nadella on scaling the frontier ecosystem

4. Complex - Mark Zuckerberg on AI, jobs, regulation, and Meta glasses

5. Economic Club - David Solomon on AI, growth, and the future of jobs

5 Podcasts We Are Listening to This Week

1. Sourcery - Zynga founder Mark Pincus on building successful products

2. Dwarkesh - Grant Sanderson on AI and the future of math and proofs

3. David Senra - Cognition’s Scott Wu and the first AI software engineer

4. Goldman Sachs - Honeywell’s CEO on where industrial AI is heading

5. In Good Company - Fortescue’s CEO on mining and decarbonization

Member Updates & Events

The following is a private section for MOI Global members. Membership is by invitation only. If you would like to become a member, be sure you are on the annual plan. It is the first step toward full membership.

Read more

Meet great investors at Latticework 2026.

MOI Global members, scroll down for member news and updates.

11 Articles We Are Reading This Week

1. SpaceX index - Alejandro Yela

2. The missing pipe - Ed Conway

3. Thoughts on cable - John Huber

4. AI changed my mind - Andrew Walker

5. Electrical transmission - Dana Golden

6. How to win a space war - Christian Keil

7. Critical mineral security - Farrell Gregory

8. Arc of financial innovation - Phil Bak

9. How christianity went viral - Tomas Pueyo

10. Blind extrapolation in finance - Byrne Hobart

11. Cobra effect in executive comp - James Emanuel

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: ai | defense | rare earths | semiconductors | software

Geographic Insights: China/Taiwan | Europe | UK

Letters: Atai | Crossroads | Goldman Sachs | J.P. Morgan | Merrill

Company Insights: Charter Communications | FST Corp | Grainger | Inter&Co | Latour | Meta | Nexteq | United Parks | Unitree | YouGov

Company Slides: BlackBerry | Carnival | FedEx | H&M | Heineken | KB Home | McCormick | Micron | Novagold | Winnebago | Worthington Steel

5 Videos We Are Watching This Week

1. Zulauf - Felix Zulauf, Jeffrey Gundlach, and Grant Williams on macro

2. How I Write - Pixar’s Andrew Stanton on storytelling and visual craft

3. WealthTrack - Jim Grant on the rising dangers in private equity funds

4. Diary Of A CEO - Jeremy Grantham on markets, AI, and climate risk

5. Columbia B-School - Daiichi Sankyo’s Ken Keller on its oncology bet

5 Podcasts We Are Listening to This Week

1. Acquired - How Disney built the ultimate nostalgia-monetizing engine

2. How I Built This - Stephen Starr on building restaurants on a gut feel

3. In Good Company - Holcim CEO on concrete, AI, and Europe homes

4. Merryn Talks Money - Carson Block on AI and possible market crisis

5. Top Traders Unplugged - Michael Pettis on China’s global trade trap

Member Updates & Events

The following is a private section for MOI Global members. Membership is by invitation only. If you would like to become a member, be sure you are on the annual plan. It is the first step toward full membership.

Read more

Meet great investors at Latticework 2026.

MOI Global members, scroll down for member news and updates.

11 Articles We Are Reading This Week

1. Ecosystem - Satya Nadella

2. Societal decay - Phil Bak

3. Tribute system - Ray Dalio

4. Griffin’s billions - Gary Sernovitz

5. A trillion dollars - Byrne Hobart

6. Volatility inversion - Chris Satterthwaite

7. Knowing when to sell - Todd Wenning

8. Terrified of small bets - Phil Le-Brun

9. LLM council groupthink - Rohit Krishnan

10. How to earn a billion dollars - Paul Graham

11. Index inclusion consequences - Aswath Damodaran

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: ai | banks | biopharma | energy | semis | software

Geographic Insights: China | Egypt | Europe | Japan

Letters: Bireme | Maestria | Merrill | Turtle Creek

Company Insights: Adyen | Campbell’s | Constellation Software | Dauch + Nomad Foods | Fiserv | Intel | Shopify | Snowflake | SThree

Company Slides: Accenture | Carmax | FirstGroup | Ivanhoe Mines | Jabil | Kroger | Lennar | MSCI | Roku | Safe Bulkers | Vallourec | Wiley

5 Videos We Are Watching This Week

1. Barron’s - Howard Marks and Bruce Flatt on markets and cycles

2. Columbia - Henry Kravis on the growth of private markets today

3. DoubleLine - Jeffrey Gundlach on Kevin Warsh and the Fed reset

4. iConnections - Seth Klarman on stocks, value, and the AI bubble

5. Goldman Sachs - Maverick Capital’s co-CIOs on real AI winners

5 Podcasts We Are Listening to This Week

1. Odd Lots - Jeremy Grantham on spotting a bubble before it pops

2. Hargreaves - Bill Ackman on markets, AI, and concentrated bets

3. David Senra - Ed Catmull on building Pixar and creative cultures

4. Masters in Business - Seth Klarman in a frank talk with Ritholtz

5. Behind the Balance Sheet - James Aitken on AI, gold, and macro

Member Updates & Events

The following is a private section for MOI Global members. Membership is by invitation only. If you would like to become a member, be sure you are on the annual plan. It is the first step toward full membership.

Read more

Meet like-minded investors at the Latticework 2026 summit in Chicago.

MOI Global members, scroll down for member news and updates.

11 Articles We Are Reading This Week

1. Fable - Shakeel Hashim

2. Cycles - Luke Bridgeman

3. AI theologies - Duncan Umphrey

4. AI exponential - Dario Amodei

5. Paying attention - David Epstein

6. Great switcheroo - Adam Mastroianni

7. Sample efficiency - Dwarkesh Patel

8. Principled thinking - Ray Dalio

9. Silent revolutionaries - Scott Sumner

10. Anti-monopoly fatigue - Noah Smith

11. Markets defy prediction - Devendra Bambardekar

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: accounting | artificial intelligence | banking | software

Geographic Insights: Australia | Europe | Ireland | Japan | UK

Letters: GDS Investments | Merrill | RGA Investment Advisors | T. Rowe

Company Insights: Fiserv | Google | Hikari Tsushin | Intel | Paycom Software | Rentokil | SpaceX | Wise

Company Slides: Adobe | Campbell’s | Dollarama | EnerSys | Graham | Honeywell | Land’s End | Lufthansa | McGraw Hill | Oracle | Stitch Fix

5 Videos We Are Watching This Week

1. CNBC - Guy Spier talks about his cancer diagnosis and shares wisdom

2. Bloomberg - Inside Anthropic, the lab racing to create frontier models

3. David Senra - Gustav Söderström on the firm that Apple could not kill

4. iConnections - Short seller Jim Chanos on spotting frauds and bubbles

5. Brandes Center - Panel on value investing in today’s high-tech world

5 Podcasts We Are Listening to This Week

1. Latticework - Chris Bloomstran puts US equities in historical context

2. How I Built This - Tobias Lütke on how a snowboarder scaled Shopify

3. 100 Year Thinkers - Robert Hagstrom on the flaws of portfolio theory

4. Knowledge Project - Bill Gurley on systems and second-order impacts

5. Masters in Business - Chris Davis of Davis Advisors on market cycles

Member Updates & Events

The following is a private section for MOI Global members. Membership is by invitation only. If you would like to become a member, be sure you are on the annual plan. It is the first step toward full membership.

Read more

Meet like-minded investors at the Latticework 2026 summit in Chicago.

MOI Global members, scroll down for member news and updates.

11 Articles We Are Reading This Week

1. IPO wave - Mauricio Heck, James Emanuel, et al.

2. IPO info leakage - Francine McKenna

3. SpaceX valuation - Aswath Damodaran

4. S&P holds the line - Phil Bak

5. AI consumer surplus - Dan Rasmussen

6. Alphabet’s capital pivot - Ben Thompson

7. Evaluating an economy - Scott Sumner

8. World models taxonomy - Fei-Fei Li

9. Global macro long-short - Ray Dalio

10. LLMs and consciousness - Erik Hoel

11. Hedging the AI-pocalypse - Andrew Walker

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: ai | art | banking | commercial real estate | defense | gaming | insurance | insurance brokers | crude oil | semiconductors | software

Geographic Insights: Europe | Japan | Taiwan | UK & Ireland

Letters: Aikya | Durkin | Long Cast | Merrill | Tweedy | Voss | Vanguard

Company Insights: Amadeus | Bristol Myers Squibb | EchoStar | Ferrari | Lennar | Limoneira | MasterBrand | Paragon Banking | Rollins

Company Slides: AEO | Apollo | Donaldson | Gap | GitLab | HPE | Lufthansa | Macy’s | Medtronic | SAIC | Samsara | Solaris | Ulta Beauty | VersaBank

5 Videos We Are Watching This Week

1. LSE - Ray Dalio on his investment principles, debt cycles, geopolitics

2. Re:signal - Rory Sutherland on AI, trust collapse and corporate growth

3. Ed Yardeni - Fear of missing out versus fabulous earnings momentum

4. Ronald Reagan - Jamie Dimon on the road ahead for the US economy

5. David Rubenstein - Jeff Aronson on private credit and macro outlook

5 Podcasts We Are Listening to This Week

1. All-In - Bill Ackman on his evolved investing philosophy and approach

2. Odd Lots - Lewis Hart on the hidden plumbing of commodity finance

3. Dwarkesh - Alex Imas and Phil Trammell on what is scarce after AGI

4. Knowledge Project - Mark Pincus on patterns from winning products

5. Invest Like the Best - Uber CEO Dara Khosrowshahi on AI and rides

Member Updates & Events

The following is a private section for MOI Global members. Membership is by invitation only. If you would like to become a member, be sure you are on the annual plan. It is the first step toward full membership.

Read more

Meet like-minded investors at the Latticework 2026 summit in Chicago.

MOI Global members, scroll down for member news and updates.

11 Articles We Are Reading This Week

1. IPOs - Aurelion Research

2. SpaceX - Ben Thompson

3. Bottlenecks - Anh Hoang

4. AI disruptees - Charles Carter

5. Electricity bills - Nic Carter

6. Dumbo could fly - Erik Hoel

7. After automation - Dan Shipper

8. Open source future - Bill Gurley

9. Geology to geography - Will Thomson

10. 250-year-old company - Eric Markowitz

11. AI and the material world - Alex Duffy

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: artificial intelligence | banking | data centers in space | energy | oil and gas | semis | software | transport infrastructure

Geographic Insights: Australia | Europe | Germany | Japan | UK | Ukraine

Letters: 1949 Value Advisors | Crossroads Capital | Graham & Doddsville | Hayden Capital | J.P. Morgan | LVS Advisory | Merrill | SaltLight

Company Insights: Alico | Baker Hughes | Barratt Redrow | Bristol Myers | dLocal | DoorDash | Gibraltar Industries | Pure Cycle | Take-Two | Zoetis

Company Slides: Abercrombie | Agilent | CIBC | Costco | CSW Industrials | Dick’s | Dollar Tree | EasyJet | HP | Kohl’s | NetApp | Salesforce | Snowflake

5 Videos We Are Watching This Week

1. a16z - Apollo’s Marc Rowan on private markets and software repricing

2. Sohn - Bellas, Marques and Rosen on long-term fundamental investing

3. CNN - Rivian’s RJ Scaringe and OpenAI’s Bret Taylor on AI and jobs

4. Bill Gurley - McConaughey on careers, passion and long-term success

5. My First Million - Mohnish Pabrai on lessons that save investors time

5 Podcasts We Are Listening to This Week

1. How I AI - Felix Rieseberg of Anthropic on how he uses Cowork mode

2. David Senra - Rick Rubin on finding your life's work and creative path

3. In Good Company - Prosus CEO Bloisi on why AI is still under-hyped

4. Knowledge Project - Lessons from Hyundai’s founder Chung Ju-yung

5. Invest Like the Best - Dan Loeb on his 30-year evolution in investing

Member Updates & Events

The following is a private section for MOI Global members. Membership is by invitation only. If you would like to become a member, be sure you are on the annual plan. It is the first step toward full membership.

Read more

Meet like-minded investors at the Latticework 2026 summit in Chicago.

MOI Global members, scroll down for member news and updates.

11 Articles We Are Reading This Week

1. Bubble - Cullen Roche

2. Perfection - Dan Rasmussen

3. Bizarro world - Logan Shearer

4. Cheap evidence - Mauricio Heck

5. Homo agenticus - Rohit Krishnan

6. Global fertility crisis - Derek Thompson

7. Moats and value traps - Kai Wu

8. Commencement speech - Ray Dalio

9. China’s optimism and fear - Zilan Qian

10. Counterpoint to zero-sum thinking - Eric Markowitz

11. Swiss watches and the dream equation - Trung Phan

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: banking | consumer health | gaming | meatpacking | neo-clouds | platinum group metals | semiconductors | software | technology

Geographic Insights: China | Europe | Ukraine | US

Letters: First Eagle | Longleaf | Merrill | Robotti | Silver Beech | Tactile

Company Insights: Brambles | Enogia | Establishment Labs | GrafTech | MercadoLibre | Monzo | Nvidia | Sato Foods | Sea Ltd | ServiceNow

Company Slides: Borr Drilling | Deere | Eagle Materials | Enersys | Golar LNG | Keysight | Nvidia | Ryanair | Star Bulk | Take-Two | Walmart | Workday

5 Videos We Are Watching This Week

1. Norges - Rubenstein, Griffin, O’Leary, and Grew discuss global markets

2. Founders - Strauss Zelnick, the man who built Grand Theft Auto 6 hit

3. Bloomberg - Jamie Dimon on hiring more for AI, fewer bankers at JPM

4. Prof G Markets - Aswath Damodaran on the AI rally and IPO outlook

5. In Good Company - Pfizer CEO Bourla on AI in medicine and China

5 Podcasts We Are Listening to This Week

1. Acquired - Ben Gilbert and David Rosenthal trace Vanguard’s history

2. Squawk Pod - Jeff Bezos with Andrew Ross Sorkin at Blue Origin HQ

3. How Leaders Lead - Mark Smucker on how iconic brands stay relevant

4. Invest Like the Best - Gavin Baker on watts, wafers, future of AI infra

5. Behind the Balance Sheet - Jeremy Grantham on bubbles and crashes

Member Updates & Events

The following is a private section for MOI Global members. Membership is by invitation only. If you would like to become a member, be sure you are on the annual plan. It is the first step toward full membership.

Read more

MOI Global members, scroll down for member news and updates.

Join fellow investors at our flagship investment summit, Latticework 2026.

11 Articles We Are Reading This Week

1. Value 4.0 - Christopher Tsai

2. Base rates - Michael Mauboussin

3. Abandon ship - Michael Cembalest

4. Stock duration - Todd Wenning

5. Great forgetting - Scott Sumner

6. AI bubble watch - Harvey Sawikin

7. Shun and shame - Adam Mastroianni

8. Airline bankruptcies - David Oks

9. Return to fundamentals - Antônio Guilherme Coelho de Assis

10. Carnegie’s mental models - Mauricio Heck

11. Future of white-collar work - Kevin Zhang

Subscribe now

Letters, Presentations, Writeups…

Industry Insights: aircraft recycling | artificial intelligence | crude oil | defense | electricity | semiconductors | software | sports

Geographic Insights: Africa | Japan | Spain | UK

Letters: Auxier | Brookfield | Gator | Horizon | J.P. Morgan | Massif Capital | McIntyre | Oaktree Credit | Plural Investing | Silver Ring | Southeastern

Company Insights: Driven Brands | Ferrari | FICO | Leatt | Liberty Global | PayPal | RELX | Takasago Tekko | Uber | Yeti

Company Slides: Alibaba | Allianz | Applied Materials | Bayer | BlackRock | Constellation Energy | Franco-Nevada | HHH | Nubank | Siemens | Toyota

5 Videos We Are Watching This Week

1. Sohn - David Einhorn on his investment framework and big bets today

2. Sohn - Gavin Baker on the AI capex cycle, valuations, and positioning

3. Sohn - Short-selling panel on the most compelling shorts they see today

4. Norges - Stoltenberg and Solomon on geopolitics and the capital flows

5. Gabelli - Berkshire Hathaway panel at this year’s Gabelli Omaha event

5 Podcasts We Are Listening to This Week

1. TWIII - Peter Mantas on biotech and the coiled spring of opportunity

2. Dwarkesh - Eric Jang on building AlphaGo from scratch and its lesson

3. David Senra - Dana White on building UFC into a global combat icon

4. Talking Billions - Kai Wu on intangible assets, dark matter of finance

5. Knowledge Project - Harvey’s Winston Weinberg on his $11B AI firm

Member Updates & Events

The following is a private section for MOI Global members. Membership is by invitation only. If you would like to become a member, be sure you are on the annual plan. It is the first step toward full membership.

Read more