Beyond the Surface
Stone Mountain ResearchBi-Weekly deep dives with audio walkthroughs and visual breakdowns. Complex businesses, made clear — for investors who want to understand what they own.
| Platform |  | Pricing | Freemium | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 10 | Subscribers | Read | stonemountainresearch.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
Kaspi: A Fintech Monopoly Most Investors Have Never Heard Of (Part 2/2)
A $14 billion fintech monopoly growing 60% a year with a 10% dividend yield. The market is pricing it like a distressed bank. Part 2/2
Kaspi: A Fintech Monopoly Most Investors Have Never Heard Of (Part 1/2)
Spend an afternoon paying for things in Almaty, Kazakhstan's largest city and commercial capital, and a pattern emerges: no card terminals at small merchants, no PIN pads, no contactless readers, just a QR code taped to the counter and the ...
The 4% That Carried Everything
A quick note to readers: Starting this week, we're shifting our publishing cadence. Going forward, you can expect one educational article each week alongside a deep dive every one to two weeks. The reason is simple — we'd rather spend more ...
Fannie Mae, Freddie Mac, Bag Holder Burry, and the Biggest Free Lunch in Washington
Prefer to listen? Here's a short audio overview to get you up to speed before diving into the full article. This isn't a replacement for the piece itself. It's a primer to familiarize yourself with the key players and concepts, so the detai...
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Authors
The writers behind this newsletter.
I help investors find compelling opportunities that build long-term wealth through deep research and education. Independent research. Toronto, Canada.
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