Random Walk

Random Walk

Home
Podcast
Notes
Daily Data
Random Walk at Night
Twitter
Weekly Recap & Good Reads
Archive
About

Online Shopping Is Stepping Into AI-Overdrive

Charts and missives on the incredible ecomm boom
READ THE LATEST
Token Maxxer 1%
5 Idea Friday: ai powerusers; no bubbles here; K becomes E; mind the supercore; no country for youngs
 • Moses Sternstein
Another Big Defection from Team Housing Shortage
A trade org, no less, reluctantly breaks the news that supply-and-demand is, in fact, constrained by reality
 • Moses Sternstein
Binge-Drinking With Your Pa
5 Idea Friday: private for longer; AI-ROI; ETFs to the moon; and China's retail winter
 • Moses Sternstein
Frictionful Intelligence
The cost of compute rises, a three part thought experiment
 • Moses Sternstein
Marks are [High][Low][Just Right]
5 Idea Friday: Public marks, private marks, credit marks--all the marks
 • Moses Sternstein
Job Growth, Starting From the Bottom (and Still There)
5 Idea Friday: Fading fade america; Room for Big IPOs; Screentime; Margins, margins, margins
 • Moses Sternstein
Oil Shock or Nah (and the Machinations of Iran's Biggest Customer)
Riffing on the oil shock that isn't (yet), and a 'Beggar thy Neighbor' reprise
 • Moses Sternstein
Retail on a Heater
5 Idea Friday: Youth Unemployment (in Canada); Affordable Moves?; Access-A-Ride Mystery; SaaS Strikes Back
 • Moses Sternstein
Why Isn't the On-Ramp Working?
Musing about an unsettling feature of the new normal
 • Moses Sternstein
Random Walk
Random Walk
"A multidisciplinary cast of mind . . . with a yen for synthesis." - Charlie Munger (about himself, not Random Walk)
Recommendations
View all 13
CalculatedRisk Newsletter
CalculatedRisk Newsletter
CalculatedRisk by Bill McBride
The Transcript
The Transcript
The Transcript
Department of Product
Department of Product
Rich Holmes
TSOH Investment Research (Alex Morris)
TSOH Investment Research (Alex Morris)
TSOH Investment Research
In My Tribe
In My Tribe
Arnold Kling
Important Things
Mission Statement

Random Walk

AboutArchiveRecommendationsSitemap
© 2026 Moses Sternstein · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture