Archive - Random Walk

Chart Dive on Private Credit, PE/VC

20+ charts on the private side

May 21 • Moses Sternstein

That Escalated Quickly

5 Idea Friday: Homehealthfraud; Perfect Inflationary Storm; Auto Supplychain Puzzle; Mobile FTW; GLP-1 Yimbyism

May 15 • Moses Sternstein

"ICE has not improved labor markets(?)

The impact of deportations on US workers has more than meets the eye

May 13 • Moses Sternstein

A New Bull Rises

5 Idea Friday: Bull market, but not for everyone; Pareto Outcomes Embiggering; K-Shaped Oddity; Luxury Woes

May 8 • Moses Sternstein

Durable goods different; terminal values; a funny thing about energy costs; Japanese future; Hidden healthcare taxes

Five Idea Friday: Featuring "Hidden Healthcare Taxes," and other interesting, but important, asides

May 1 • Moses Sternstein

Price Check on Terminal Value

Will anything stop this AI train?

May 1 • Moses Sternstein

April 2026

Uncharted waters (reprise); Almighty Consumer check; Healthcare[-fraud] GDP?; AI-Lawyering for Me; Longs, but not shorts

Five Idea Friday: Musing again on growth without growing, and other tidings, good and bad

Apr 24 • Moses Sternstein

The marks aren't high enough?

Notes and charts on the current price(s) of equities

Apr 24 • Moses Sternstein

DOGE ftw!; Luxury woes; Manufacturing Boomlet; Real AI threat; Housing Supply is *perfect*

Five Idea Friday: featuring a manufacturing boom, and 20+ charts to carry you through the weekend

Apr 17 • Moses Sternstein

Uncharted waters, blissfully unaware

Growth without growing is the name of the game, so how're we doing, so far?

Apr 15 • Moses Sternstein

Michael Burry Chimes in...When it comes to housing, it’s the interest rates, stupid

The Big Shorter declares "Random Walk is correct! There is no affordability-shortage crisis, but there is a 30-year fixed rate mortgage subsidy crisis"

Apr 6 • Moses Sternstein

When to cut bait?

At what point does one conclude that a fund's performance is what it is

Apr 2 • Moses Sternstein

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