Reletter
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Notes of an Amateur Investor

David

A notebook on investing and ideas

Platform
Substack
PricingOnly free issuesPublishesWeekly
Issues14Founded2 years agoLast Issue16 days ago
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Latest Issues

May 3, 2026

I’ve been reading a bit about Isaac Newton’s life during the plague years (after coming across this post from Bogumil Baranowski last week). Cambridge shut down in 1665, so Newton went to live at his mother’s farmhouse. No lectures, no real...

16 days ago

April 12, 2026

I came across a new substack called Roaming in Bayesland by Massimo Fuggetta. It’s not easy reading and I’m going to oversimplify things here, but I think it’s the most creative investing writing I’ve come across in a while. I’m in the midd...

a month ago
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April 8, 2026

Listened to a podcast yesterday about Iran. The two analysts were recommending oil company stocks, which they said were still undervalued. Anyways, 24 hours later and there is a ceasefire and oil is down 15%. Got me thinking about these con...

a month ago
1

April 5, 2026

I’ve been reading Invested, a history of investment writing going back to 1720. The first half is excellent. There’s one story about Gregor MacGregor, who sold bonds for a country called Poyais that didn’t exist. There’s also W.D. Gann, who...

a month ago

March 15, 2026

Currently reading Invested. It’s a history of three hundred years of stock market advice. South Sea Bubble pamphlets, railway mania tipsters, the 1920s gurus. The book’s argument: selling advice has usually been a surer route to wealth than...

2 months ago
1

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