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The Intellectual Edge

Hundreds of paid subscribers

Uncovering timeless investing insights and sharing the best with you, every week.

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Substack
PricingFreemiumPublishesWeekly
Issues80Foundeda year agoLast Issue9 days ago
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Latest Issues

The biggest question most investors never ask (pt.2)

Informational inefficiency, technical inefficiency, and daring to be great. (Pt.2/2)

Hello! This is part two of the two part series exploring why markets are inefficient and how to exploit those inefficiencies.

9 days ago
6
Paid

The biggest question most investors never ask (Pt.1)

Understanding this will transform your philosophy.

After decades of grueling battle between the idealists and the realists, the realists have prevailed; no longer is it widely accepted that markets are inefficient — the accepted wisdom is...

16 days ago
18
Paid

The Lessons of Howard Marks' Memos Pt.4 ('06-'10)

The lessons of the GFC, trends, risk, and Gold.

Hello! Welcome to the final part of this five-year segment of Howard Marks’ memos. We now close the chapter on the 2006-2010 period and it’s been quite the rollercoaster.

23 days ago
10
Paid

Using screens to sniff out manipulators and frauds

Insights from Quantitative Value, by Tobias Carlisle and Wes Gray

Warren Buffett famously quipped that more money has been stolen with a pen than with a gun.

a month ago
8
Paid

The Crowded Highway

In the 1960’s the market was taken by storm by the efficient market hypothesis. Most colleges would teach students that systematically beating the market was not possible; it was taught that if you saw a $20 note on the floor there was no p...

a month ago
60
4

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