What We're Learning
Research, analysis, and perspectives from our members — covering equities, macro, fixed income, and everything in between.
Macro Monthly Report — May 2026
US Q1 GDP grew 2.0% annualized while inflation remained elevated; the S&P 500 hit a record 7,398.93 on 8 May and the Fed's 8-4 hold was its most divided decision since 1992. The ECB left rates at 2.00% and warned that upside inflation risks had intensified. Oil and Hormuz disruption are still creating significant geopolitical and market stress.
Macro Monthly Report — April 2026
The Iran war has entered a more dangerous and structurally entrenched phase. The April ceasefire collapsed within 72 hours, the US imposed a naval blockade of Iranian ports on April 13, and the stagflationary impulse first identified in March is now confirmed in hard data. Brent crude is ~+59% YTD.
Sensirion Holding AG
A high-quality sensor play on automation, electrification and environmental monitoring — with 34–50% upside from current levels.
Macro Monthly Report — March 2026
The Iran war is the defining macro event of 2026: the Strait of Hormuz blockade has engineered a stagflationary supply shock that simultaneously raises inflation and destroys growth, leaving every major central bank without a clean policy response. Brent crude ~+46% YTD.
Membership Letter Fall Semester 24
A reflection on a remarkable semester — 100+ members, 200% growth in event attendance, and the principles guiding our next chapter.
Steve Jobs by Walter Isaacson
How did Jobs build the world's most valuable company? A look at the key business principles behind the biography.
Am I Being Too Subtle?
Sam Zell built a fortune by going where others wouldn't. His autobiography is a masterclass in contrarian thinking and calculated risk.
The Power Law
How venture capital works, why 80% of returns come from fewer than 20% of bets, and what that means for how we think about investing.
Disclaimer: All content on this blog is for educational and informational purposes only. It is not financial advice.