Random Walk

Random Walk

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The Almighty Consumer still loves e-ecommerce

Priming for Prime Day
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Private Credit and Insurance, two peas in a pod (reprise), and a chart dump on default rates
Mutually reinforcing gains, and still no sign of pains
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Moses Sternstein
3 odd observations about AI that are probably misleading somehow
Declining adoption? Fewer tokens? Less referral?!
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Moses Sternstein
4
Energy in 1776
Plus some good news on kiddos in the Big Cities
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Moses Sternstein
4
Maybe the OBBB is actually fiscally responsible?
I doubt it, but I like a good contrarian take
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Moses Sternstein
1
I used ChatGPT to help underwrite an investment idea
o3 is a pretty darn good analyst, if you ask good questions
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Moses Sternstein
2
LPs want their liquidity and they want it now
GPs still haven't gotten the memo, yet, apparently
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Moses Sternstein
1
Can the US grow its way out of debt?
Some pessimism, but also, some optimism
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Moses Sternstein
Riffing on themes: fading fade america trade; winning the trade war; stablecoins; and the trouble with ETFs
9 Charts on all things big and small
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Moses Sternstein
4
The Rotation to the National Nursing Home is running out of foreign born workers
The biggest secular driver has been deprived of its rocket fuel
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Moses Sternstein
2
Random Walk
Random Walk
"A multidisciplinary cast of mind . . . with a yen for synthesis." - Charlie Munger (about himself, not Random Walk)
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Important Things
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