Information Broker/Alpha Generation - Capital Flows

I recognize that there is a broad array of people reading this Substack. So here's the deal: sometimes I will write things that go super deep and technical, and other times, I will simplify things and keep them broad-based. This is important for two reasons. First, all of the people who have minimal knowledge of financial markets need to remember that there are a lot of things to learn. Second, there are people reading this who are way smarter than me, and sometimes they need to be reminded that the simple things matter. :) To maintain this tension between complexity and simplicity, I have several notebooks of principles, beliefs, and ideas that I read through every week or so. I do this so I don’t forget the big picture and get lost amidst all the small details. Maintaining a strong grasp of the small details and the big picture is one of the most valuable things you can do. Moderating execution and thinking between the details and the big picture is what allows you to progress and le

I recognize that there is a broad array of people reading this Substack. So here's the deal: sometimes I will write things that go super deep and technical, and other times, I will simplify things and keep them broad-based. This is important for two reasons. First, all of the people who have minimal knowledge of financial markets need to remember that there are a lot of things to learn. Second, there are people reading this who are way smarter than me, and sometimes they need to be reminded that the simple things matter. :) To maintain this tension between complexity and simplicity, I have sev