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

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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

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

11 Articles We Are Reading This Week

1. Omaha - MOI Global

2. Curiosity - Mauricio Heck

3. Tautologies - Scott Sumner

4. Ode to restraint - Aswath Damodaran

5. Doing too much - David Epstein

6. Amazon’s durability - Ben Thompson

7. Japan auto endgame - Rei Saito

8. Job apocalypse fantasy - David George

9. Core of every investment - James Emanuel

10. New age of knowledge work - Rex Woodbury

11. Smart planners, simple markets - Rohit Krishnan

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Letters, Presentations, Writeups…

Industry Insights: airlines | banking | crude oil | gaming | insurance brokers | meatpacking | oil refining | private credit | software | solar and wind

Geographic Insights: China | Ireland | Japan | Korea | Taiwan

Letters: 1 Main | Baillie Gifford | Bestinver | Brennan Asset Management | Chess | Coatue | Deep Sail | MAAT Investment Group | Masonry

Company Insights: Alquiber | Amazon | Barratt | CCOI / ULH | Daikin | GXO | Hikari Tsushin | Microsoft | Nintendo | Ryanair | Sabre | Sasken

Company Slides: AMD | BD | Cheniere | Cummins | DHT | Eaton | Kraft Heinz | Louisiana-Pacific | Novo Nordisk | PayPal | Realty Income | Zoetis

5 Videos We Are Watching This Week

1. CNBC - Interview with Berkshire Hathaway Chairman Warren Buffett

2. Milken - Citadel’s Ken Griffin on global and domestic issues to watch

3. Brookfield - Larry Fink and Bruce Flatt on the global investing outlook

4. Nikhil Kamath - Howard Marks on AI, debt vs equity, lessons of cycles

5. Ivey Business School - Prof. Stephen Penman on the meaning of value

5 Podcasts We Are Listening to This Week

1. a16z - Former Blackstone President Tony James on Wall Street lessons

2. ChinaTalk - Ken Liu on AI, freedom, and where intelligence is headed

3. Business Brew - Peter Mantas on uniQure and the Huntington's case

4. In Good Company - IBM CEO Arvind Krishna on technology and AI

5. Invest Like the Best - Brian Chesky of Airbnb on going to CEO mode

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.

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

Berkshire AGM LIVE (starts 9:15am ET)

11 Articles We Are Reading This Week

1. Omaha - Bogumil Baranowski

2. Hyperscalers - James Emanuel

3. Buy, hold, sell - Dan Shuart

4. Aligned agents - Rohit Krishnan

5. Sound craftsman - Todd Wenning

6. Leaky abstraction - Alex Danco

7. Global imbalances - Adam Tooze

8. Poincaré’s mistake - Mauricio Heck

9. Wealth and structure - Anh Hoang

10. Uncertain uncertainties - Kevin Kelly

11. Private equity markdowns - Greg Obenshain

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Letters, Presentations, Writeups…

Industry Insights: banking | crude oil | economics | hyperscalers | saas | software | tech | gaming | power transformers | private credit | quantum

Geographic Insights: China | Latin America | UK

Letters: Arquitos | CrossingBridge | Elena | Gardner Russo | Gate City | GMO | Miller Howard | Moerus | Pabrai | Pzena | Wedgewood

Company Insights: Altius | Barratt | Booking | Burford | Fairfax | Insperity | Magnum | Markel | Premium Brands | Sabre | ServiceNow | Spotify

Company Slides: Adidas | Alphabet | Amazon | Booking | Crocs | FICO | Lilly | Meta | MGM | Microsoft | Novartis | Parker-Hannifin | Subsea 7 | Volkswagen

5 Videos We Are Watching This Week

1. VALUEx - Spier, Ackman, Bloomstran, Gayner, Lawrence, Pabrai, et al.

2. Prof G Pod - Ray Dalio on the new world order, debt cycles, the future

3. Cheeky Pint - Evan Spiegel of Snap on what’s next after phones, AR/AI

4. Invest Like the Best - Paul Tudor Jones on 50 years of trading lessons

5. Economic Club of D.C. - FedEx CEO Raj Subramaniam on leadership

5 Podcasts We Are Listening to This Week

1. Longriver - Dan Rupp of Parkway Capital on his investment approach

2. Business Brew - Evan Tindell of Bireme on contrarian value investing

3. In Good Company - Jamie Dimon on culture, risk, the world economy

4. Invest Like the Best - Dylan Patel on AI compute supply and demand

5. Conversations with Tyler - Craig Newmark on craft and institutions

Member Updates & Events

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11 Articles We Are Reading This Week

1. SpaceX - Aswath Damodaran

2. Better investor - Bogumil Baranowski

3. Hacker mindset - Henrik Karlsson

4. Painter’s painter - Scott Sumner

5. Credit reflexivity - Sam Hanson

6. Internet is real life - Erik Torenberg

7. Corporate dark arts - Andrew Walker

8. Transformer shortage - Rob L’Heureux

9. Management simulator - Rohit Krishnan

10. Interior design of software - Rex Woodbury

11. Hidden trap of compounding - James Emanuel

The Latticework 2026 website is live. Learn more and join us in November!

Letters, Presentations, Writeups…

Industry Insights: aerospace | artificial intelligence | banking | commodities | data centers | forest products | mining | quantum | semiconductors

Geographic Insights: China | Latin America | South Korea

Letters: Bretton | Bronte | Clayton | Hosking | Laughing Water | Maran | Nightview | Rowan Street | Upslope | White Brook | White Falcon

Company Insights: Amazon | Art Vivant | Copart | Danaher | Live Nation | Millrose Properties | Nintendo | Passat | VersaBank | Victory Giant | XPEL

Company Slides: Boeing | Boston Scientific | Capital One | CBRE | Danaher | D.R. Horton | Freeport | Honeywell | Lockheed | LSEG | NextEra | PG&E

5 Videos We Are Watching This Week

1. Stripe - Tony Xu on DoorDash and what drives the restaurant industry

2. Milken - Kravis and Roberts on KKR strategy and the global economy

3. Wharton - Howard Marks on value investing and AI’s grip on finance

4. Goldman Sachs - Farallon Capital’s Nicolas Giauque on the long term

5. Knowledge Project - OpenAI’s Greg Brockman on AI going parabolic

5 Podcasts We Are Listening to This Week

1. Norges - Alain Lam on Xiaomi’s evolution from startup to a tech giant

2. Odd Lots - Daniel Yergin on the global energy landscape post-Hormuz

3. Flyover Stocks - Morgan Housel on money in your 40s and far beyond

4. Excess Returns - Bloomstran on AI capex and the concentration story

5. Invest Like the Best - Dylan Patel on AI’s supply and demand puzzle

Member Updates & Events

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11 Articles We Are Reading This Week

1. Neglected - Michael Mauboussin

2. March madness - Chris Satterthwaite

3. Serve somebody - Phil Bak

4. American peoples - Rudyard Lynch

5. Corporate dark arts - Andrew Walker

6. Surviving price wars - Tugce Erten

7. Navigating uncertainty - Annie Duke

8. Rewriting terminal value - Todd Wenning

9. Fanaticism and competence - Scott Sumner

10. Dinner that changed everything - Robert Dee

11. Combining value and momentum - Carlos Morales

The Latticework 2026 website is live. Learn more and join us in November!

Letters, Presentations, Writeups…

Industry Insights: banking | fertility | helium | prediction | software | tech

Geographic Insights: Hong Kong | Iran | Japan | UK/Ireland

Letters: Black Bear | Distillate | GDS Investments | JEN Capital | LRZ Capital | Oakmark | Open Square | Pine (Korea) | Third Point | YorkTech

Company Insights: Anthropic | Freee | Grab | Intel | Meta | MTU | Puma

Company Slides: Alcoa | ASML | Bank of America | BlackRock | Carmax | Citigroup | Fastenal | Goldman | J.P. Morgan | Sika | TSMC | Wells Fargo

5 Videos We Are Watching This Week

1. Stripe - Mati Staniszewski of ElevenLabs on the new world of voice AI

2. Stanford - David Rubenstein of Carlyle on pursuing a life of meaning

3. Dwarkesh - Jensen Huang on Nvidia’s supply chain and why it endures

4. In Good Company - Hans Ulrich Obrist on what art teaches business

5. Knowledge Project - Mario Harik of XPO on growing a large business

5 Podcasts We Are Listening to This Week

1. TWIII - Shaun Heelan on market complacency and value case studies

2. Acquired - Ferrari: the pinnacle of luxury, scarcity, and brand strategy

3. Money Makers - Stuart Widdowson on Odyssean and UK small caps

4. Value After Hours - Chris Bloomstran on Buffett and Berkshire today

5. Behind the Balance Sheet - Michael Cembalest on markets, cycles, AI

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.

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11 Articles We Are Reading This Week

1. Letter - Jamie Dimon

2. Credit - Howard Marks

3. Big things - Ray Dalio

4. Ergodicity - Mauricio Heck

5. Junk bonds - Greg Obenshain

6. Laplace’s dictum - Massimo Fuggetta

7. Economic outlook - Philip Jefferson

8. CAPE improvement - Joachim Klement

9. Future-proof portfolio - Matt Franz & Dan Shuart

10. Fifth industrial revolution - Andre Borochovicius

11. AI adoption by the numbers - Kimberly Tan

We will unveil a new website for the Latticework 2026 summit in the coming days. As part of the launch, we will announce our first wave of confirmed speakers. A limited number of passes will also be available. Stay tuned!

Letters, Presentations, Writeups…

Industry Insights: AI | asset management | crude oil | energy | software

Letters: Alpinum | Commonwealth Private | Desert Lion | Eagle Point | Henchmen | Kingdom | Merrill | Palm Valley | Right Tail Capital | Vltava Fund

Company Insights: Amazon | Bolloré | Fiserv | Global Payments | Meta | Montana Aerospace | PayPal | Texas Pacific Land | UMG | XPEL

Company Slides: BlackBerry | Equinox Gold | Hibiscus | Neogen | PriceSmart | Roots | RPM International | Skillsoft | Stolt-Nielsen | WD-40

5 Videos We Are Watching This Week

1. Citi - Steve Schwarzman on leadership, business strategy, philanthropy

2. NPR - Jamie Dimon on economy, geopolitics, and corporate leadership

3. Stripe - Google CEO Sundar Pichai on the history and the future of AI

4. Cleo Abram - DeepMind's Demis Hassabis on AI in science, medicine

5. Drew Cohen - Chris Mayer on his investment philosophy, when to sell

5 Podcasts We Are Listening to This Week

1. Norges - Prada CEO Andrea Guerra on building iconic luxury brands

2. Odd Lots - Peterffy on professionalizing and scaling prediction market

3. Dwarkesh - Nielsen on the nature of scientific progress and discoveries

4. Acquirer’s - Cooper on global small-cap value, lessons on the markets

5. How Leaders Lead - Former Nike CEO on leadership, future of sports

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

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

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11 Articles We Are Reading This Week

1. Copper - Will Thomson

2. Narrative - Aswath Damodaran

3. Resilience - Eric Markowitz

4. Macro brief - Mauricio Heck

5. Epic decline - Joost van Dreunen

6. Warning signs - Herb Greenberg

7. Investment fail - Harvey Sawikin

8. Information diet - David Epstein

9. End of economics - Scott Sumner

10. Hassabis’ transformation - Sebastian Mallaby

11. Jensen manifesting the future - Trung Phan

We will unveil a new website for the Latticework 2026 summit in the coming days. As part of the launch, we will announce our first wave of confirmed speakers. A limited number of passes will also be available. Stay tuned!

Letters, Presentations, Writeups…

Industry Insights: agricultural commodities | construction technology | energy delivery | geothermal | oil and gas | software | water infrastructure

Geographic Insights: China | Egypt | Japan | Middle East

Letters: Brock Milton | Hidden Rock | J.P. Morgan | McElvaine | Merrill

Company Insights: BGC | Crocs | IJM | Marex | Meta | Theravance

Company Slides: Cal-Maine Foods | Conagra | Constellation Energy | FactSet | Fortinet | Franklin Covey | Lamb Weston | Lindsay | Methanex

5 Videos We Are Watching This Week

1. Axios - Jamie Dimon on tariffs, trade, geopolitics, and modern banking

2. Norges - IEA’s Fatih Birol on global energy markets and the new crisis

3. Daily Stoic - Arthur Brooks on happiness, deeper purpose, and wisdom

4. Goldman Sachs - New Mountain’s Steve Klinsky on business building

5. Graham Bensinger - Reed Hastings on Netflix, ski resorts, and AI risk

5 Podcasts We Are Listening to This Week

1. Long View - Pat Dorsey on durable economic moats and competition

2. Squawk Pod - Warren Buffett on relaunching his charity lunch auction

3. Business Brew - Sonu Chawla on her investing process and conviction

4. Knowledge Project - Joe Liemandt on AI and the future of education

5. Intangible Economy - Kai Wu and Mauboussin on pricing intangibles

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

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A new installment of The Great Rotation Playbook was published this week — Theme 3: The Industrial Renaissance.

11 Articles We Are Reading This Week

1. Lodestar - Aswath Damodaran

2. All weather - Ray Dalio

3. World models - Rohit Krishnan

4. Non-events bias - Scott Sumner

5. AI trust networks - Sakina Arsiwala

6. Disagreeing better - Annie Duke

7. Durable businesses - Todd Wenning

8. Global value spread - Brian Chingono

9. Bicycles for the mind - Rex Woodbury

10. Two paths for software - David George

11. Number of public companies - Mikhail Pevzner

Letters, Presentations, Writeups…

Industry Insights: banking | oil and gas | private credit | software | titanium

Letters: Exor | G&R | Goldman Sachs | J.P. Morgan | Merrill

Company Insights: Berkshire Hathaway | Carnival | Core Natural Resources | Ferrari | Golden Growers | Guardian Pharmacy | JD.com | Merlin Labs

Company Slides: Cemex | Core & Main | Exor | Hapag-Lloyd | KB Home | MillerKnoll | Paychex | Samsonite | Vallourec | Winnebago | Worthington

5 Videos We Are Watching This Week

1. Stripe - Dmitri Dolgov on Waymo’s quest for fully autonomous driving

2. Drew Cohen - Bill Nygren on his approach to investing and stock picks

3. Money of Mine - Django Davidson on capital cycles in mining equities

4. Whitney Tilson - Guy Spier’s ValueX presentation and audience Q&A

5. Graham Bensinger - Barry Diller on media, ambition, and his fortune

5 Podcasts We Are Listening to This Week

1. No Priors - Andrej Karpathy on making smarter AI agents and systems

2. Dwarkesh - Terence Tao on AI’s role in math and scientific discoveries

3. At the Money - Miller Value Fund's Bill Miller IV, conviction investing

4. Oaktree Insights - Howard Marks on Oaktree's 2026 conference ideas

5. Capital Allocators - GMO’s Jeremy Grantham on bubbles and the risks

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

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11 Articles We Are Reading This Week

1. Hormuz - Ray Dalio

2. Ten-baggers - Django Davidson

3. Selling winners - Harvey Sawikin

4. Napkin portfolios - Bogumil Baranowski

5. Othello and Bayes - Massimo Fuggetta

6. Equity risk premium - Aswath Damodaran

7. Value premium eternal - Dan Rasmussen

8. Dividends vs. buybacks - James Emanuel

9. Vignettes from the takeoff - Rohit Krishnan

10. How optimizing kills winners - Todd Wenning

11. Using markets to evaluate policies - Scott Sumner

Letters, Presentations, Writeups…

Industry Insights: banking | electrical grid | offshore | oil and gas | software

Letters: Bumbershoot | Merrill Lynch | Stifel

Company Insights: Ashtead | Century Casinos | KVH | Pershing Sq. | SAP

Company Slides: Accenture | Couche-Tard | Darden | Dollar Tree | FedEx | General Mills | HelloFresh | Macy's | Micron | SAIC | Williams-Sonoma

5 Videos We Are Watching This Week

1. SXSW - Mohnish Pabrai on mental models, compounding, living well

2. Bloomberg - Howard Marks on importance of AI, unpredictability

3. Morgan Stanley - Jensen Huang on compute, tokens, new economy

4. Harvard Law School - Canyon Partners’ Josh Friedman on investing

5. Behind the Balance Sheet - Rory Sutherland on marketing, persuasion

5 Podcasts We Are Listening to This Week

1. All-In - Travis Kalanick and Michael Dell on AI and tech entrepreneurship

2. Acquirers - Tim Travis on private credit, the evolution of lending markets

3. How I Write - Macmillan’s Jon Yaged on how to get your book published

4. How Leaders Lead - Coach Roy Williams on a system for winning teams

5. Knowledge Project - Brookfield CEO Connor Teskey on AI infrastructure

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

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11 Articles We Are Reading This Week

1. Iran - Jordan Schneider

2. Inflation - Nohshad Shah

3. Take the win - Andrew Walker

4. Greed is not good - Joachim Klement

5. Hallyu everywhere - Michael Fritzell

6. PE risks in insurance - Phil Bak

7. Prediction market risks - Harvey Sawikin

8. Sharp tools; sharp minds - Eric Markowitz

9. FactSet take-private rumors - Dede Eyesan

10. Science of personality change - David Epstein

11. Luddites and a public relations crisis - Rex Woodbury

Letters, Presentations, Writeups…

Industry Insights: artificial intelligence | autonomous vehicles | commodities | debt markets | semiconductors | serial acquirers | shipping | software

Geographic Insights: Canada | Europe | France | India | Iran | Middle East

Letters: GDS Investments | Giverny | Maestria | Merrill | Pender

Company Insights: CBIZ | Civeo | Floor & Decor | IG Design Group | London Stock Exchange Group | Marex Group | Nvidia | Revolut

Company Slides: America’s Car-Mart | Bumble | Costco | Greenlight RE | Henkel | HP Enterprise | IDT | Kohl’s | Petrobras | Stitch Fix | Volkwagen

5 Videos We Are Watching This Week

1. Prof G - Zeihan on Iran, the shifting global order, and energy markets

2. Dwarkesh - Dylan Patel on AI chip supply, compute costs, and scaling

3. Bloomberg - Apollo's Torsten Slok warns of a private markets shakeout

4. Michael Lewis - Bill Gurley on venture capital and long-term thinking

5. Forbright Bank - Steve Case on American enterprise and looking ahead

5 Podcasts We Are Listening to This Week

1. Norges - Swiss Re CEO Andreas Berger on how reinsurance adds value

2. Odd Lots - Blankfein on his career, risk-taking, and life after Goldman

3. Compound - Is the surge in private credit becoming the new subprime?

4. Master Investor - Ruchir Sharma on peak markets and what lies ahead

5. Masters in Business - Bill Gurley on venture capital and tech disruption

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

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11 Articles We Are Reading This Week

1. Energy - Michael Cembalest

2. Disruption - Aswath Damodaran

3. Abel’s letter - Ravi Nagarajan

4. Bits in, bits out - Erik Hoel

5. AI hyperscalers - Steve Cooper

6. Board readiness - David Wells

7. Wiseass problem - Harvey Sawikin

8. Gulf oil chokepoint - Ed Conway

9. Anthropic’s alignment - Rohit Krishnan

10. American exceptionalism - Ryan Ballentine

11. Berkshire and geothermal - James Emanuel

Letters, Presentations, Writeups…

Industry Insights: biotech | energy | platforms | private equity | software

Geographic Insights: China | Iran | Ireland | Petrostates | UK

Letters: 1949 Value | Berkshire Hathaway | Merrill | Quercus | RGA | Voss

Company Insights: AST SpaceMobile | Credo | Fairfax India | Klarna | Kyoritsu Air Tech | Nvidia | Shift4 | Tile Shop | Trade Desk | Trinity Capital

Company Slides: Abercrombie | Adidas | American Eagle | AutoZone | Kroger | Limbach | OTC Markets | Sea | Stratasys | Victoria’s Secret | Wiley

5 Videos We Are Watching This Week

1. Norges - Zalando’s Gentz on Europe’s leading online fashion platform

2. Morgan Stanley - Stan Druckenmiller on macro and portfolio strategy

3. DoubleLine Capital - Jeffrey Gundlach on bonds, rates, and the outlook

4. Bloomberg Podcasts - Apollo's Marc Rowan on markets and investing

5. Bloomberg Television - Lloyd Blankfein on risk, leadership, and legacy

5 Podcasts We Are Listening to This Week

1. Acquired - Formula 1, celebrity team owners, and vertical B2B software

2. BakStack - Khe Hy on AI opportunity for asset managers and allocators

3. ChinaTalk - Iran military strikes and the Anthropic vs defense debate

4. Squawk Pod - Berkshire's new CEO Greg Abel on capital and culture

5. Invest Like the Best - John Arnold on energy, China, flawed US systems

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

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

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11 Articles We Are Reading This Week

1. AI ahead - Howard Marks

2. Ten charts - Rex Woodbury

3. Blind regulator - Carl Hendrick

4. Some like it hot - Scott Sumner

5. Pessimists’ edge - Joachim Klement

6. Intelligence crisis - Frank Flight

7. Good things are good - Scott Sumner

8. Chasing work you love - David Epstein

9. Dividends and buybacks - Aswath Damodaran

10. Investing in the big cycle - Ray Dalio

11. Engineering skill in investing - Mauricio Heck

Letters, Presentations, Writeups…

Industry Insights: artificial intelligence | gaming | platforms | software

Letters: Hayden | Lux | Markel | Merrill | Pender | Semper Augustus | Tactile

Company Insights: FactSet | Mercado Libre | Nvidia | Opendoor | Workday

Company Slides: Agilent | Dole | Dominion Energy | First Solar | Golar LNG | Hagerty | HP | Keysight | Nvidia | Salesforce | Workday | Zoom

5 Videos We Are Watching This Week

1. Brookfield - Bruce Flatt on AI, infrastructure, and investing globally

2. Goldman Sachs - Outlook for Japanese equities and the ongoing rally

3. Aswath Damodaran - On dividends and buybacks across global markets

4. Brookfield Perspectives - Howard Marks on AI, investing, and markets

5. Columbia Business School - Applied value investing stock pitch finals

5 Podcasts We Are Listening to This Week

1. ChinaTalk - Lawrence Freedman on strategy, geopolitics, and AI risk

2. Riskgaming - Bill Gurley and Josh Wolfe on career regret and venture

3. Talking Billions - Guy Spier on meaning, wealth, and what really counts

4. Yet Another Value - Dan Rasmussen on quantitative biotech investing

5. The Acquirers Podcast - Jonathan Tepper on monopolies and investing

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

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

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11 Articles We Are Reading This Week

1. Disorder - Ray Dalio

2. Death markets - Byrne Hobart

3. Debt and taxes - Aswath Damodaran

4. Avoiding choking - David Epstein

5. Auditing ambition - David Wells

6. What happens next - Tom Morgan

7. Replacement anxiety - Scott Sumner

8. Generating good ideas - Eric Markowitz

9. Vertical software selloff - Nicolas Bustamante

10. Weaponized risk models - Daniel Rasmussen

11. Glass bottleneck beneath ai - Mauricio Heck

Letters, Presentations, Writeups…

Industry Insights: ai | gaming | housing | saas | semis | software | uranium

Geographic Insights: China | Japan | Korea | South Africa | United Kingdom

Letters: Greenlight | McIntyre | Merrill | Robotti | Smoak | Southeastern

Company Insights: Circle Group | Constellation Software | Global Dominion | Jardine Matheson | Riken Keiki | Saizeriya | Volaris | Vor Biopharma | Wix

Company Slides: Airbus | Bausch+Lomb | Booking | Borr | Deere | Garrett Motion | Louisiana-Pacific | Moody’s | Walmart | Wendy’s | Wyndham | Wynn

5 Videos We Are Watching This Week

1. Dwarkesh - Anthropic’s Dario Amodei on AI scaling and frontier labs

2. David Senra - 37signals CEO Jason Fried on building a sustainable firm

3. How I Write - Bill Browder on writing, books vs. articles, finding the truth

4. Knowledge Project - Nicolai Tangen on high-speed decision-making, AI

5. Behind the Balance Sheet - Jonathan Tepper on his investing approach

5 Podcasts We Are Listening to This Week

1. Norges - Givaudan’s Gilles Andrier on the science of scents and flavors

2. Odd Lots - Jared Sleeper on software firms and the saas-pocalypse

3. Acquirers - Juan Torres on emerging markets, China, Indonesia, Taiwan

4. Talking Billions - Guy Spier on what really counts in life beyond wealth

5. Modern Wisdom - Oliver Burkeman on stopping a productivity addiction

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

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

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11 Articles We Are Reading This Week

1. Base rates - Michael Mauboussin

2. Super bowl ads - Owen Lamont

3. Two drawdowns - Todd Wenning

4. Solutions are shy - George Mack

5. We are not our tools - Eric Markowitz

6. Navigating disruptions - Dede Eyesan

7. Learning from art history - James Emanuel

8. Hedge funds vs. private equity - Dan Rasmussen

9. Embarrassingly parallel problem - Carl Hendrick

10. Investing under radical uncertainty - Jared Lim

11. Gap between capability and adoption - Rex Woodbury

Letters, Presentations, Writeups…

Industry Insights: autonomous vehicles | banking | construction | gaming | healthcare facilities | real estate | software | software as a service

Geographic Insights: Argentina/Brazil | China | India | Japan

Letters: Auxier | Black Bear | Emeth Value | GDS Investments | KMF | LVS Advisory | Merrill | Moerus | Pershing Square | Praesidium | Third Point

Company Insights: BRK | Constellation Software | Crocs | Docusign | Meta | Metlen | Nippon Carbon | Parker-Hannifin | PayPal | Texas Instruments

Company Slides: AstraZeneca | Barclays | Baxter | Crocs | Ferrari | Fiserv | Goodyear | Harley Davidson | Heineken | Kraft | Lyft | S&P | Tenet | Zillow

Special Invitation: Best Ideas Omaha 2026

Join us at Best Ideas Omaha 2026, hosted by MOI Global.

We are delighted to make available a handful of seats at this exclusive investor gathering to our Latticework subscribers. The event will be held on Friday, May 1st in the morning (incl. breakfast). The program will consist of idea sharing and informal conversations among like-minded investors.

Hurry, these seats won’t last long. Secure yours now.

5 Videos We Are Watching This Week

1. Stripe - Ben Thompson on media, AI ads, and the end of SaaS

2. Norges - CEO Mike Gitlin on Capital Group’s investment model

3. Sequoia - CEO Bill Anderson on leading the turnaround at Bayer

4. Goldman Sachs - Lone Pine’s David Craver on fundamental investing

5. Insightful Investor - Boston Partners’ Josh Jones on market anomalies

5 Podcasts We Are Listening to This Week

1. Dwarkesh - Anthropic’s Dario Amodei on the status and future of AI

2. Business Brew - Greystone’s Adam Wilk on his investment approach

3. How I Built This - Reed Hastings on the decisions that built Netflix

4. Capital Allocators - CIO Stephen Gilmore on CalPERS’ philosophy

5. Merryn Talks Money - Author Ed Conway on saving key industries

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

Subscribe now

11 Articles We Are Reading This Week

1. Software crash - Phil Bak

2. Software survival - Ben Thompson

3. Fraud investigation - Patrick McKenzie

4. Risk and hurdle rates - Aswath Damodaran

5. Simplify, simplify, simplify - Scott Sumner

6. Adolescence of technology - Dario Amodei

7. How power changes people - Joachim Klement

8. Turbulence and magnificence - Amit Wadhwaney

9. Understanding market inefficiency - Michael Mauboussin

10. Thinking about quasi-binary events - Peter Mantas

11. Creating the world’s largest companies - Dom Cooke

Letters, Presentations, Writeups…

Industry Insights: ai | autonomous vehicles | biotech | copper | credit | energy transition | gaming | private capital | real estate | software | trucking

Geographical Insights: Dubai | Europe | Italy | Mexico | UK | US

Letters: Alluvial | Brookfield | Elena | Fairlight | Horizon | Legacy Ridge | Lyrical | Merrill | MSA | Sequoia | Silver Ring | Sohra Peak | Trigram | Warden

Company Insights: Allison Transmission | Brookfield Corporation | Celanese | CoStar | PayPal | Peloton | Shinko Shoji | Star Holdings | Under Armour

Company Slides: Alphabet | Arm | Crown Castle | Johnson Controls | Lilly | Maersk | Mondelez | Murphy Oil | Novartis | Novo Nordisk | PayPal | Vestas

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5 Videos We Are Watching This Week

1. a16z - Chat with a16z’s Ben Horowitz and Goldman’s David Solomon

2. CNBC - With Reliance’s Mukesh Ambani and Blackrock’s Larry Fink

3. Stanford - Interview with Alibaba co-founder and chairman Joe Tsai

4. Consello - Chevron’s Mike Wirth on discipline and long-cycle decisions

5. In the Money - Bill and Cole Smead on the “revenge of value investing”

5 Podcasts We Are Listening to This Week

1. YAVP - Rhizome’s Bill Chen discusses his thesis for Alexander’s (ALX)

2. Norges - UniCredit’s Andrea Orcel on technology’s impact on banking

3. Dwarkesh - Elon Musk on Grok, xAI, SpaceX, orbital data centers, etc.

4. ChinaTalk - Strategist Ed Luttwak on the military and the rise of China

5. David Senra - With Jimmy Iovine, a titan of the modern music industry

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

Subscribe now

11 Articles We Are Reading This Week

1. Text is king - Adam Mastroianni

2. Trust deficit - Aswath Damodaran

3. Not one penny - Scott Sumner

4. Market valuation - John Huber

5. Way of excellence - David Epstein

6. Software’s funeral - Simon Handrahan

7. Research anything - Mauricio Heck

8. Oxygen monopolies - Rex Woodbury

9. Representing the deal - Harvey Sawikin

10. Re-materialized opportunities - Mauricio Heck

11. Breakdown of the existing order - Ray Dalio

Letters, Presentations, Writeups…

Industry Insights: ai | banking | biotech | commodities | crude oil | data centers | department stores | defense | gold | robotics | software

Geographic Insights: China | Japan

Letters: Brennan | Focus | Gate City | GoodHaven | Greenlight | Horizon | JEN | JPM | Maran | Moerus | OAM Asia | OAM Europe | Sorfis | Unison

Company Insights: Chemring | Constellation Energy | Games Workshop | Kingsway Financial | LVMH | Mitani | Neptune Insurance | Texas Instruments

Company Slides: Baker Hughes | Boeing | Caterpillar | Danaher | Intel | Lockheed Martin | Meta | Microsoft | Sands | Teva | UPS | United Rentals

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5 Videos We Are Watching This Week

1. Norges - Standard Chartered CEO on rebuilding an institution after crisis

2. Oxford Union - Norges CEO Nicolai Tangen on his path and philosophy

3. Infinite Loops - AQR’s Cliff Asness on quant investing, surviving bubbles

4. Insightful Investor - Franklin Templeton CEO on managing $1+ trillion

5. Pepperdine University - Howard Marks on investing, risk, market cycles

5 Podcasts We Are Listening to This Week

1. Acquired - Hosts Ben and David on the history and strategy of the NFL

2. Business Brew - Massif’s Will Thomson on value investing in real assets

3. Excess Returns - Verdad’s Dan Rasmussen on the private equity trap

4. Invest Like the Best - Tech operator Gokul Rajaram on the impact of AI

5. Masters in Business - ETF Architect CEO Wes Gray on building an ETF

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

Subscribe now

11 Articles We Are Reading This Week

1. Slow singularity - Abdullah Al-Rezwan

2. AI and nuclear energy - James Emanuel

3. China’s arctic leverage - Lily Ottinger

4. Global underperformers - Dede Eyesan

5. Two-pronged inflation fight - Christopher Gannatti

6. In praise of artificial learning - Carl Hendrick

7. Economics of hidden markets - Annie Duke

8. Bridges of intellectual heritage - Bogumil Baranowski

9. Good business models gone bad - Dan Shuart

10. Robinhood and other circularities - Owen Lamont

11. Whatsapp as a core global technology - Sam Knight

Letters, Presentations, Writeups…

Industry Insights: ai | autonomous vehicles | banking | biotech | gaming | metals and mining | real estate | software: article, presentation | trucking

Letters: Arquitos | Blue Tower | Clayton Partners | Fundsmith | J.P. Morgan | Maat | Massif Capital | Nightview | Packer | Pine | Pernas | Plural | YorkTech

Company Insights: Hannon Armstrong | International Container Terminal | KBR Inc. | Nikkato | Saturn Oil & Gas | Stride | Taiwan Semiconductor

Company Slides: 3M | D.R. Horton | Fastenal | Freeport-McMoran | Intel | Johnson & Johnson | McCormick | Northern Trust | Prologis | U.S. Bancorp

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5 Videos We Are Watching This Week

1. Bloomberg - Jamie Dimon in conversation with David Rubenstein

2. Bloomberg - Jeremy Grantham on the AI bubble and his new book

3. David Senra - Tobi Lütke on Shopify, his entrepreneurial philosophy

4. CFA Institute - Alicia Vidler on how agentic AI will change trading

5. Knowledge Project - Morgan Housel on frameworks to build wealth

5 Videos from the WEF in Davos

1. WEF 2026 - Conversation between Satya Nadella and Larry Fink

2. WEF 2026 - Conversation with Demis Hassabis and Dario Amodei

3. WEF 2026 - Conversation between Jamie Dimon and Zanny Minton

4. WEF 2026 - Conversation between Elon Musk and Larry Fink

5. WEF 2026 - Panel featuring Ken Griffin, Larry Fink, and others

5 Podcasts We Are Listening to This Week

1. Acquirers - Andrew Summers on investing in healthcare and biotech

2. David Perell - Fareed Zakaria on his writing process, the impact of AI

3. Art of Quality - Patrick Boland on the qualities inherent in leadership

4. How I Built This - Joan Barnes on building Gymboree, losing control

5. Masters in Business - Richard Thaler & Alex Imas on investor biases

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

Subscribe now

11 Articles We Are Reading This Week

1. Energy ideas - MOI Global

2. Beating the fade - Todd Wenning

3. Beating the market - James Emanuel

4. Cullman’s brilliance - Devin Lasarre

5. Surviving disruption - Harvey Sawikin

6. Push and pull of data - Aswath Damodaran

7. Rethinking fast and slow - Carl Hendrick

8. How to be a great mentor - Eric Markowitz

9. How monetary policy works - Scott Sumner

10. Net debt in enterprise value - Steve Cooper

11. Rules matter more than insight - Jared Lim

Letters, Presentations, Writeups…

Industry Insights: artificial intelligence | automotive | aviation finance | biotech | cybersecurity | gaming | life sciences | robots | software | travel

Geographic Insights: Azerbaijan | China | Europe | Russia | Venezuela

Letters: DoorDarshi | Far View | GDS | Greenhaven Road | Horizon | Massif Capital | Smead | Southeastern | St. James | SVN | Vision | Wedgewood

Company Insights: Amazon | Apple | Billington | Chipotle | Global Atomic | Innoviva | Intrepid Potash | JPM | Meta | Neogen | Subsea 7 | Tesla | TSMC

Company Slides: Aritzia | BofA | BNY | BlackRock | Citi | Concentrix | Goldman Sachs | JPM | Morgan Stanley | Novartis | TSMC | Wells Fargo

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5 Videos We Are Watching This Week

1. WSJ - AT&T CEO John Stankey on the giant’s cultural transformation

2. Barron’s - Phillips 66 CEO Mark Lashier on fuel demand, Venezuela

3. Uncapped - a16z co-founder Ben Horowitz on building a VC machine

4. DoubleLine - Jeffrey Gundlach on his outlook for bonds and equities

5. WealthTrack - Charles Ellis on his book, “Great American Investments”

5 Podcasts We Are Listening to This Week

1. Odd Lots - Cohen & Steers’ Tyler Rosenlicht on infrastructure investing

2. Founders - On Rick Rubin’s book, “The Creative Act: A Way of Being”

3. Capital Allocators - Ashby Monk explains the Total Portfolio Approach

4. Investing Unscripted - Brian Feroldi on using AI for equity research

5. Behind the Balance Sheet - Terry Smith on recent underperformance

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

Subscribe now

11 Articles We Are Reading This Week

1. Recap - Ray Dalio

2. Outlook - Michael Cembalest

3. AI future - Dan Wang

4. Venezuela - Nick Corvino

5. Japan’s revival - Naoki Ito

6. Wisdom takes work - David Epstein

7. Shareholder primacy - James Emanuel

8. How to manufacture luck - Mauricio Heck

9. Television as a framework - Rex Woodbury

10. China’s rare earths chokehold - Farrell Gregory

11. How to tame a complex system - Jason Crawford

Letters, Presentations, Writeups…

Industry Insights: electricity | oil | payments | software | travel platforms

Geographic Insights: Japan | Southeast Asia | Venezuela

Letters: Alluvial | Carsten Mueller | Cornerstone Value | Gillen | Greenfield | Halvio | Merrill | Palm Valley | Parkway | Right Tail | Tsai Capital | Vltava

Company Insights: BRC | Cinemark | MegaStudyEdu | Shriro | TDS | ZD

Company Slides: Acuity Brands | Apogee | Franklin Covey | Helen of Troy | Hibiscus Petroleum | MSC Industrial | Murphy Oil | RPM | Saratoga

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5 Videos We Are Watching This Week

1. Aleph - Former Renaissance Technology executive on the AI bubble

2. Norges - Michael Bloomberg on building Bloomberg into a leader

3. David Senra - John Mackey on his journey and Whole Foods’ success

4. Johnathan Bi - Jim O’Shaughnessy on how to be a thinker and a doer

5. David Rubenstein - Ray Dalio on the risks facing the US economy

5 Podcasts We Are Listening to This Week

1. Odd Lots - Eurasia’s Gregory Brew on Maduro’s capture, oil markets

2. Network State - Dan Wang on the engineering vs. the lawyerly state

3. Talking Billions - Mathematician David Diranko on contrarianism

4. Capital Allocators - CEO Mike Gitlin on Capital Group’s philosophy

5. Invest Like the Best - Reed Hastings on nurturing talent and content

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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.

Subscribe now

11 Articles We Are Reading This Week

1. Buffett - Roger Lowenstein

2. Abenomics - Scott Sumner

3. Retail trend - Mauricio Heck

4. Atomic habits - Peter Attia

5. Abel’s challenge - Ravi Nagarajan

6. Christmas reflections - Ray Dalio

7. Continuous overbuilding - Dan Shuart

8. Goal-setting for industrial policy - Chris Miller

9. Lessons from the industrial revolution - Andrew Singer

10. Consumer sentiment and consumption - Jared Bernstein

11. Wealth taxes and taxpayers as criminals - Harvey Sawikin

Letters, Presentations, Writeups…

Industry Insights: homebuilders | nickel | oil and gas | robotaxis | software

Letters: Brock Milton | Buyback Capital | Stone Ridge | The Value Firm

Company Insights: Ampco-Pittsburgh | Copart | Global Testing | Humm | JetBlue | Lululemon | TeamViewer

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5 Videos We Are Watching This Week

1. WSJ - Starbucks CEO Brian Niccol on his turnaround strategy

2. Norges - Arista Networks CEO Jayshree Ullal on AI networking

3. BigDeal - Ryan Holiday on building systems for self-discipline

4. Big Shot - Lloyd Blankfein on leadership and Goldman Sachs

5. Knowledge Project - James Clear on building strong habits

5 Podcasts We Are Listening to This Week

1. Founders - Lessons from “How to Make a Few MORE Billion Dollars”

2. Dwarkesh - Adam Marblestone on AI models vs. the human brain

3. Tech Strategy - Jeff Towson’s top tech predictions for the new year

4. Monetary Matters - Maria Vassalou on demographics and tech

5. Yet Another Value - Christian Olesen on value in UK homebuilders

Save the date: Latticework 2026 will be held at the University Club of Chicago. We will meet for two days on November 10-11, 2026. (Priority access granted to MOI Global members and paid Latticework subscribers. Stay tuned for your personal invitation.)

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