Where the market sits, one stock, one principle.
Every Sunday morning around 8:30 AM ET, we publish three things: where the S&P 500 actually sits in 75 years of historical data, one stock spotlight, and one behavioral investing principle. Calm editorial. No urgency. Free, every week.
All issues
9 issues- Issue 9June 28, 2026
The compounding edge most investors give back voluntarily.
The hardest part of holding a great business is not buying it. It's not selling it five years in, when the gains feel large enough to lock in. Plus the company that quietly powers nearly every chip on the planet.
Spotlight: TSM·Read → - Issue 8June 21, 2026
The bank that learned how to make money in every cycle.
Most banks are good in some environments and bad in others. One has built a business that works in all of them. Plus the bias that makes investors trust their own forecasting more than they should.
Spotlight: JPM·Read → - Issue 7June 14, 2026
The other side of the payment-rail duopoly.
Two weeks ago we wrote about Visa. This week, the company on the other side of the same toll booth. Plus the bias that makes investors trust the conclusions they wanted to reach.
Spotlight: MA·Read → - Issue 6June 7, 2026
The biotech that does not act like a biotech.
Most biotech businesses live one binary readout from a 50% drawdown. One does not. Plus the bias that makes investors believe the latest narrative.
Spotlight: VRTX·Read → - Issue 5May 31, 2026
The two-company toll booth on every dollar you spend.
Memorial Day edition. Why the payment-rail duopoly is one of the most durable businesses ever built. Plus the bias that makes investors double down on losing positions.
Spotlight: V·Read → - Issue 4May 24, 2026
The only edge most investors actually have.
Time horizon is the under-priced advantage. Plus a customer-loyalty business with margins most retailers cannot reach, and the bias that makes pain hit twice as hard as gain.
Spotlight: COST·Read → - Issue 3May 17, 2026
The math you cannot out-pick.
Why fees, taxes, and turnover compound against you over decades. Plus a software business with a moat most investors still misprice, and the bias that traps people in losing positions.
Spotlight: MSFT·Read → - Issue 2May 10, 2026
The most expensive habit on Wall Street.
Forecasts feel like research. They aren't. Plus a quality compounder that survives every regime, and the bias that keeps people fighting the last war.
Spotlight: BRK.B·Read → - Issue 1May 3, 2026
Markets aren't broken. They're routine.
Issue 1 of the Sunday Brief. Where today sits in 75 years of history, why ASML has the only monopoly worth caring about, and the bias that costs investors more than any market does.
Spotlight: ASML·Read →