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Artwork for Invariant

Invariant

Devin LaSarre

Valuation. Business analysis. Investing. Finance meets curiosity, creativity, and skepticism.

Platform
Substack
PricingFreemiumPublishesWeekly
Issues126SubscribersRead invariant.substack.com

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#239
Substack
/Finance(Free)

Latest Issues

Recent posts by this newsletter. Browse the email archive.

British American Tobacco: Refocused

Capital Markets Day 2024 note.

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The Curious Case of Karelia

“Luck is a very thin wire between survival and disaster, and not many people can keep their balance on it.” \- Hunter S. Thompson

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United-Guardian: Through Hindsight

“Truth is confirmed by inspection and delay; falsehood by haste and uncertainty.” \- Tacitus

2 months ago
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The Nicotine Anti-Bubble

“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” \- Winston Churchill

3 months ago
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7

Authors

The writers behind this newsletter.

  • Devin LaSarre

    Strategist, designer, investor.

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