Weekly Inspiration
Wisdom, Insights, and Ideas for Intelligent Investors
In this digest, we curate the most insightful free online content. This substack aspires to be a platform for your growth, whether you’re on the hunt for ideas, looking to learn from great investors, or building a great investment firm.
Meet great investors and fellow lifelong learners at Latticework 2026.
11 Articles We Are Reading This Week
Intelligence - Noah Smith
Consistency - Howard Lichstrahl
Quacking ducks - Harvey Sawikin
Costlier compute - Dwarkesh Patel
Missing oil shock - Jordan Schneider
Gaming of guidance - Aswath Damodaran
Situational awareness - Andrew Walker
Tariff-breaking sneaker - Ed Conway
Post-scarcity stagnation - Charles Rosenbauer
Western free speech in retreat - Tomas Pueyo
Obsession, prophecy, authenticity - Tom Morgan
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
“You make most of your money in a bear market, you just don’t realize it at the time.” —Shelby Cullom Davis
5 Videos We Are Watching This Week
Economist - Elon Musk on AI timelines, politics, China, and Europe
DoubleLine - Gundlach says the steeper curve, not Warsh, is the signal
How I Write - How a Navy SEAL writes a bestselling novel every year
Jacob Shapiro - Four ex-Stratfor analysts on how the world order ends
Diary of a CEO - Ray Dalio on the AI bubble and the changing order
5 Podcasts We Are Listening to This Week
Meb Faber - Bob Robotti on the energy shift the market keeps missing
David Senra - David Heinemeier Hansson on staying small on purpose
Capital Allocators - Michelle Knudsen on reviving NYU’s endowment
Graham Bensinger - Clayton Kershaw on the Cy Young and his slump
Masters in Business - State Street’s CIO on $5.7tn active and passive
