Archive - Random Walk

12 Months of Random Walk

The year in macro and capital markets, as told by a year of Random Walk

15 hrs ago • Moses Sternstein

5 Idea Friday: new media step change, student groans, ecomm, Palmetto State, and unemployed weirdness

5 Quick hitters on this and that for the first weekend of 2026

Jan 2 • Moses Sternstein

December 2025

Assets or software, and at what price?

There's actually some money left on the AI table, but it all comes down to price

Dec 29, 2025 • Moses Sternstein

'Beggar thy Neighbor' China Trade w/Arnold Kling & Random Walk

Wherein the good Prof. Kling and I learn to stop worrying and love the China Shock (maybe)

Dec 26, 2025 • Moses Sternstein and Arnold Kling

1:00:21

Slow descent or ready for takeoff?

Why not both? Some thoughts on what the new year might bring

Dec 23, 2025 • Moses Sternstein

Blessed is the one true judge

Brief hiatus to mourn the passing of my mom

Dec 16, 2025 • Moses Sternstein

AI rubber hits road, when? (cont.)

Continuing to riff on the haves and have-nots of the AI trade

Dec 11, 2025 • Moses Sternstein

AI rubber hits road, when?

10+ charts on the transformation of AI promise into AI results (or the lack thereof)

Dec 8, 2025 • Moses Sternstein

5 Idea Friday: capex, slow n' steady (and others)

The surprisingly linear ascent of tech capex, mysteries of biotech capital allocation, ex-chinese etailers, never go full French, and CRE's bottom (and…

Dec 5, 2025 • Moses Sternstein

Of Waymo, holiday shopping, and the buyer's market for homes

Riffing on themes in 10+ Charts

Dec 4, 2025 • Moses Sternstein

Checking in on those white collar blues

10+ charts on the recent grad struggle (and white collar malaise, more broadly)

Dec 1, 2025 • Moses Sternstein

November 2025

New Venture Swimlanes with Gil Dibner (Angular Ventures)

Riffing on the emerging swimlanes in venture, incentives to short-termism, breakeven as a dirty word, making unkillable Rambos, and small doses of…

Nov 27, 2025 • Moses Sternstein

44:10

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