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Artwork for Invariant

Invariant

Devin LaSarre

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

Platform
Substack
PricingFreemiumPublishesWeekly
Issues201SubscribersRead invariant.substack.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

Joseph F. Cullman III: Driven, Part Three

“…there should have been an American attempt to go international before we made the move. What made the situation stranger still was the great popularity American cigarettes had enjoyed overseas during World War II. Our Soldiers took them w...

9 days ago
23
1

Joseph F. Cullman III: Driven, Part Two

“The secret of all effective advertising is not the creation of new and tricky words and pictures, but one of putting familiar words and pictures into new relationships.” \- Leo Burnett

16 days ago
19
4

Joseph F. Cullman III: Driven, Part One

“The captain of a U.S. warship had all the duties and obligations of the CEO of a mid-sized corporation, and many more, since working in the civilian sector did not involve life-and-death situations. The navy was quite a change from the cig...

23 days ago
26
0

Scandinavian Tobacco Group: Boxed

FY'25 note.

a month ago
17
5
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Authors

The writers behind this newsletter.

  • Devin LaSarre

    Strategist, designer, investor.

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