Accrued Interest
Simeon McMillanHigh-conviction stock research from a media executive with a +3,400% track record (2016-2024). Institutional-grade analysis of US media stocks, value investing, and market trends.
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 91 | Subscribers | Read | accruedint.com |
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Latest Issues
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Accrued Interest Weekly Cypher: Mar-18-26
Welcome to the first edition of The Accrued Interest - Weekly Cypher! This is a space where I give subscribers actionable, weekly insights into my process. I am thinking out loud, giving you my raw ideas that are very much a work in progres...
Interview: Yet Another Value Podcast and the Shifting Media Landscape
### Accrued Interest TLDR:
The Pokémon Theory of Media Investing
Accrued Interest TLDR: Why do some ad platforms compound wealth while others become value traps? As a former media operator, I have learned that an ad model dictates a stock’s structural ceiling—just like a Pokémon’s type. Here is the unemo...
Deflating the Duolingo ($DUOL) Owl
Accrued Interest TL/DR: I break down why Duolingo ($DUOL) plummeted 25% after its disastrous Q4 2025 earnings. As I predicted in December, Duolingo is ultimately an unscalable mobile game, not a premium educational service. With paid conver...
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Authors
The writers behind this newsletter.
Ex-Media Exec & Wall St. alum. Achieved a +3,400% return (2016-24) applying private equity rigour to public markets. I write Accrued Interest, a research letter for serious investors.
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