Newsletter
Venezuela is Taiwan
Trump's gambit feels like great risk/reward but a risky *all in*.
Newsletter
Newsletter
Currency Debasement for Dummies
The Silver Trade. Don't be so linear.
Newsletter
3 Worries for 2026 (and historical analogies)
The Bill is Coming Due.
Newsletter
Wake Up Call (packed with memes)
The ROI is no longer "in the valuations..."
Breakout by Philo
Making sense of TPUs, Debasement and Takaichi
End of Year Mega Breakout by Philo - #Issue 18
Newsletter
What the TPU is going on?
How Custom Silicon is turning things sideways, and then sideways again.
No-End Dividend
Stock 8/25
Another high-quality dividend-paying business franchise for the NED.
Newsletter
Crypto Winter, just in time.
This is an existential crisis for the space.
Newsletter
Bom Dia, Philo! 🇧🇷
The case for a post-Lula Brazil. What's the trade?
Newsletter
The Current state of AI
Short thoughts on the AI Cycle - and a pivot towards the Power Cycle ☢️
Newsletter
The NVDA Double Top
How I shorted NVDA for an ~8% profit in 2 days
Breakout by Philo
Hanging from an AI thread
Global Macro et al.