In this digest, we bring you the most insightful free online content, curated by the team at MOI Global. This substack aspires to be a platform for your growth, whether you are on the hunt for great ideas, looking to learn from great investors, or building a great investment firm.
MOI Global members, scroll down for member news and updates.
11 Articles We Are Reading This Week
Why pay more - Harvey Sawikin
Implicit conviction - Paul Dutz
Illusion of progress - Anthony Deden
Tech equity dilution - Thomas Reiner
Conduit debt financing - Les Barclays
Robotaxis and suburbia - Ben Thompson
Haunting profit margins - James Emanuel
Mercedes money machine - Stephen Clapham
Firms are the smart money - Owen Lamont
Big bubbles with big wealth gaps - Ray Dalio
How advisers and clients see things - Joachim Klement
Letters, Presentations, Writeups…
Industry Insights: artificial intelligence | banking | copper | data centers | mining | private equity | publishing | semis | seniors housing | software
Geographic Insights: China | Europe | India | NYC
Letters: GS | Hinde | JPM | Maestria | Merrill | Samuel Weber | Sohra Peak
Company Insights: Brookfield | Molina | Monday | RideNow | SoftwareOne
Company Slides: Allianz | Energizer | Euroseas | Freeport | Helmerich & Payne | Medtronic | Subsea 7 | Swiss Re | Walmart | Williams-Sonoma | ZIM
“It is easy, of course, to pick out good companies, companies that are better than other companies. The problem is that they may not be good investments.” —Marty Whitman
5 Videos We Are Watching This Week
Ivey - Francisco García Paramés on long-term investing
Ivey - Mohnish Pabrai on the joys of being a “shameless cloner”
Stripe - Satya Nadella on AI, capex, and Microsoft’s strategy
Norges - Zak Brown on the McLaren’s remarkable turnaround
WealthTrack - François Rochon on the art of quality investing
5 Podcasts We Are Listening to This Week
TWIII - Bloomberg columnist Justin Fox on the AI spending boom
Odd Lots - Jeffrey Gundlach on broad-based asset overvaluation
David Perell - Atul Gawande on the process and art of writing
Business Brew - Mark Cooper on the global search for great ideas
Value Perspective - David Iben on select investment opportunities
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.