Letters · Memos · Substack
Letters, memos, interviews, and curated posts from Wall Street gurus and crypto whales. Updated daily.
Capital Allocators: Contrarian Quality
Capital Allocators: Contrarian Quality Chairman and CIO Rajiv Jain shares how he is defining forward-looking quality in a crowded AI trade 09 Jun 2026 In the News CIO Rajiv Jain joins the Capital Allocators podcast to unpack the principles behind his investment approach, from def…
What in the World?!
What in the World?! Weekly takes on macro stories and market trends shaping the investment world 28 May 2026 Newsletter 28 May 2026 The Market’s Turkey Problem Is this market more fragile than it appears? A turkey is fed for a thousand days by a butcher; every day confirms to its…
Prof G Markets: The One-Way Bet on CapEx
Prof G Markets: The One-Way Bet on CapEx Why we believe stronger fundamentals and CapEx are reshaping the investment case for emerging markets 20 May 2026 In the News Sid Jain, Deputy Portfolio Manager, provides an update on emerging markets and explains why we believe the CapEx …
AI, Space, and the IPO Boom
AI, Space, and the IPO Boom A look at three potential market-defining public debuts 21 May 2026 Webcasts Can these IPOs live up to the hype? Register to watch Ben Larsen, CFA, Client Portfolio Manager, and Geoff Doyle, Senior Director, Business Development, as they examine the po…
Bloomberg’s Insight: Mispriced Risks and Hidden Opportunities
Bloomberg’s Insight: Mispriced Risks and Hidden Opportunities Lessons from the Iran Conflict 30 Apr 2026 In the News From disruptions in energy logistics to ripple effects on technology and capital markets, markets may be underestimating the broader implications of the Iran confl…
Dire Straits
Dire Straits Navigating 2026: A turbulent echo of 2022 17 Apr 2026 CIO Perspectives PDF “Those who cannot remember the past are condemned to repeat it.” -George Santayana 1 Key Takeaways The closure of the Strait of Hormuz underscores the fragility of global energy markets, drivi…
Dotcom on Steroids: Part V
Dotcom on Steroids: Part V Too big to permit 15 Apr 2026 GQG Research PDF Key Takeaways The rapid expansion of AI-focused mega data centers is fueling community backlash over resource consumption, leading to delays, regulatory challenges, and escalating costs that threaten AIR…
It Takes Two to TACO
It Takes Two to TACO The Middle East conflict and global supply disruptions 02 Apr 2026 Webcasts Register to watch Alex Hoy, CFA, Senior Director and Client Portfolio Manager, and Josh Snyder, CFA, Global Investment Strategist, as they examine the evolving impact of the war in th…
Not Much Alpha Left in This Bet
Not Much Alpha Left in This Bet Google’s growth dilemma 23 Mar 2026 GQG Research PDF Key Takeaways Google redefined advertising with its innovative business model, but its dominance is now under siege from AI competitors and shifting market dynamics Rising costs and capital-inten…
Ausbiz: Turning to Defensives in Uncertain Times
Ausbiz: Turning to Defensives in Uncertain Times We see the market set up right now as being very compelling towards traditional defensives 10 Mar 2026 In the News David Jenkins delves into the heightened uncertainty in global markets, highlighting the renewed appeal of defensive…
The Coiled Spring
The Coiled Spring The quiet power of defensive sectors in 2026 05 Mar 2026 Webcasts Register to watch Todd Harlicka, Managing Director of Institutional Sales and Service, and Jonathan Miller, Client Portfolio Manager, as they highlight overlooked opportunities in defensive sector…
Dotcom on Steroids: Part IV
Dotcom on Steroids: Part IV Data center buildout: Data is cracking 02 Mar 2026 GQG Research PDF Key Takeaways CoreWeave’s debt-fueled growth highlights a broader trend in the AI infrastructure boom, where heavy leverage, hardware-collateralized lending, and risky financing struct…
Is Defensive the New Offensive?
Is Defensive the New Offensive? Durable growth and a coiled spring of potential returns 06 Feb 2026 GQG Research PDF Key Takeaways Defensive stocks have quietly outperformed over time, meeting key metrics like consistent earnings and dividend growth, low valuation multiples, and …