Scenic Route Investing by Wagner Road
Andrew WagnerInvestment stories inspired by taking the long way around. A Wagner Road Capital Management publication.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 28 | Subscribers | Read | wagnerroadcm.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
2025 Third Quarter Recap
There were three main themes this quarter: tariffs, clothing, and management.
How Tariffs Are Hurting the Auto Industry (So Far…)
At the end of April, the total effect on new car prices was estimated to be between $2,000 and $12,000 per car. And at that point, luxury and sport vehicles could still see tariffs that go beyond $20,000 per car. While the effects have been...
Investing in Online Clothing Platforms (Part 3: The Numbers)
I can’t outline every online clothing platform company, but I don’t need to. Once you understand the models — subscription, consignment, and social — then you can apply those models to other businesses, even ones outside of this market.
Three Sides of Management Focus (Why Berkshire Hathaway Lost Money on Kraft Heinz)
When Jack Welch retired in 2001, he had spent 20 years building GE into the largest company in the world. His management style, sometimes called “rank and yank”, was celebrated as genius. The strategy was to terrorize employees by relentles...
Authors
The writers behind this newsletter.
Author of The Economics of Online Gaming. Founder & CIO of Wagner Road Capital Management. I write about economics and investing, but nothing I write is investment advice.
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