Reletter
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BakStack

Phil Bak

Capital markets, ETFs, CRE, and the future of asset management.

Platform
Substack
PricingFreemiumPublishesTwice weekly
Issues201Founded5 years agoLast Issue9 days ago
Active

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philbak.substack.com
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Latest Issues

PODCAST: Meb Faber on The Great American Exception

The book, Investing in America: The Rise Of A 250-Year Bull Market, is available here: https://a.co/d/05Kt8VLk

Meb is donating all proceeds from book sales to Invest America.

Learn more about Cambria Funds here: https://www.cambriafunds.c...

9 days ago

I, Banana

I’ve written before about the invisible hand of free market economics, and the beauty and simplicity of Leonard Read’s classic essay I, Pencil. I am revisiting this concept in the aftermath of the hilarious/horrifying subsidized/communist g...

11 days ago
21
4

Ram-Man

James Moakes decided to corner the market on Ram-Man.

James was working as a tile salesman, and the old He-Man action figures were starting to be seen as collectors items. They started to sell for decent money, so James decided to create a...

15 days ago
9
1

Orphan REITs: The Tag That Outlived the Trust

Strong post from Orphan REITs here.

When there is a single data error in the metadata it hits every aggregator and analyst downstream. I’ve seen this with ETFs too. It has never been more important to check and re-check primary source data...

a month ago
8

PODCAST: Aaron Brown on wrong numbers and quantitative disinformation

Aaron Brown rejoins the podcast to talk about his new book Wrong Number, and how to be skeptical when you read studies and statistics. He explains how smart people get fooled by official studies and credentialed experts, and how a trader’s...

a month ago
2

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    Writing about the future of asset management.

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