The More Intelligent Investor
A collection of content from the year so far that will make you a better investor
I recently decided to migrate my small, sparsely followed Substack over to Revue. The reason is twofold.
First, I wanted to create a trail of articles and research points that I can easily find and revisit. However, the format for links in Substack leaves much to be desired. Initially, I attempted to port this over to Revue given my presence on Twitter, it seemed a logical starting point. More on this later.
Second, I will be starting with an RIA after tax season. This means I need to brush up my writing skills for the inevitable client newsletter. So I reasoned now is the time to prepare, not later.
Unlike previously where I mostly wrote thoughts on markets and stocks, my focus in this will be on aggregating good content and creating a repository which anyone can come back to.
Some may still be wondering why am I writing on Medium and not Revue? After 2 weeks of waiting, my account with Revue is still under review. When I attempted to port over my Substack files, my account was flagged. I’ve reached out to help and gotten no where. All of this leads me to believe that Revue, like many Twitter acquisitions will have a very short shelf life, and a very long balance sheet life in Goodwill that the company will refuse to impair. I’m further convinced of this given this discovery by Twitter sleuth extraordinaire Jane Wong.
While I think the idea is good, I can’t help but wonder why the shelled out the money for Revue if they could have just built this product a year ago and saved their money.
News Articles for the More Intelligent Investor
I want to start sharing a collection of articles that I’ve read this month which I think are well worth any investor’s attention. Many of these are behind a paywall, but even the poorest of investors can likely access these articles by using ProQuest through a library card at your local library.
Financial Times (These articles did not have a pay wall although FT does)
WSJ (These articles do have a pay wall but WSJ is available via ProQuest)
Books for a more intelligent investor
These are affiliate links, but you can also find these in the Brooklyn Public Library for free. Membership is available to anyone in the USA. I strongly recommend it as you will save money over Audible/Kindle.
I’m currently working on David Einhorn’s Fooling Some of the People All of the Time. It’s the story of his bet against Allied Capital, a company which he discovered was committing accounting fraud. I strongly recommend it to anyone who’s looking to sharpen their mind about balance sheets, or who wants to understand how the long/short hedge fund industry works.
I’ve finished Black Edge the story about the Insider Trading Scandal that rocked Wall Street in the 2000s. It specifically focuses on SAC and how Steve Cohen was able to insulate himself from criminal charges. It’s a great read if you enjoy historical narratives. It may not teach you much about investing, but it is enjoyable nonetheless.
Courses for the More Intelligent Investor
I’m long Coursera. Not even going to hide it. Having said that, the content on Coursera is well worth the time of any amateur investor. Here is a new specialization that they just announced with CFA Institute. You can audit all courses for free, or you can sign up for Coursera Plus for 399 per year. It’s all you can learn and this specialization is included. I can’t emphasize enough how much value Coursera Plus offers. I’m a user, I get no compensation for pumping it, but I pump it because it’d be a crime not to.
