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The Rational Investor

Maxx Waring

Value Investing

Platform
Substack
PricingFreemiumPublishesWeekly
Issues30Foundeda year agoLast Issue12 days ago
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Latest Issues

August 2026 Portfolio Update

Up 20.83% YTD, always learning from Munger, and trimming my largest position

This is not financial advice. Do your own research. Investing in stocks is risky. These are my holdings as of 8/1/2026

12 days ago
13
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Michael Burry is Still Buying Lululemon (LULU): Should You?

As of 07/27/2026 I do not own Lulu. This is not financial advice. Do your own research. Investing in stocks is risky.

Investment Thesis

Lululemon (LULU)trades around $113 per share, with 108 million shares outstanding that’s a market...

17 days ago
23
5

Evolution AB (EVVTY): Q2 2026 Earnings Breakdown & Valuation Update

Evolution AB (EVVTY): Q2 2026 Earnings Breakdown & Valuation Update

As of July 2026 I hold a long position in Evolution AB (EVVTY). About 50% of my portfolio. This article is for informational and educational purposes only and is not f...

25 days ago
22

The Math On Our Rental Property

The Math on Our First Rental Property

I typically write about stocks. I am by no means a real estate expert, and nothing here is advice. But we recently just moved back to Washington State and just turned our first house into our first...

a month ago
18
14

Hacksaw AB: 44% Revenue Growth, 82% EBIT Margins, 13x PE, and 30% of My Portfolio

Why I'm allocating 30% of my capital to a debt-free, pure software business Americans can’t easily buy

This is a paid-subscriber deep dive into my newest and already second-largest portfolio holding. About 30% of the portfolio.

a month ago
11
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  • Maxx Waring

    A former math teacher turned value investor. With annual returns of 22.66% the last 6 years, I'm here to teach the world value investing. *Not Financial Advice*

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