Meta at the AI Crossroads

A couple of days ago, NYT reported that Meta will delay releasing its new foundational AI model to M…

2026.11: Winners, Losers, and the Unknown

The best Stratechery content from the week of March 9, 2026, including integration and AI, the Team…

QTR & Adam Taggart: Private Credit, Valuations, Favorite Sectors

I laid out why I think markets still look far better on the surface than they actually are underneat…

How Concerning Are the February Jobs Numbers?

Slow job growth is expected when we remain near full employment and the working-age population is gr…

Dot-Com Flashback: Financing the Customer

At the height of the dot-com boom, American Metrocomm Corp., a Louisiana phone carrier burning cash,…

The Persona And Legacy Of Murray Rothbard

"I believe that if Rothbard were living in the age of the internet and AI, we would already be in An…

An Interview with Robert Fishman About the Current State of Hollywood

An interview with MoffettNathanson's Robert Fishman about the current state of Hollywood, including…

Private Credit Is Officially Fucked

First Blackrock. Then Cliffwater. Now, another major bank just joined the list of private credit man…

No Permanent Friends, No Permanent Enemies, Only Permanent Interests

On November 18, 2025, in a joint press release, Nvidia, Microsoft and Anthropic announced “Strategic…

Follow-up on "AWS: Pre and Post-ChatGPT"

Last Saturday, I published a piece outlining my reasons for nervousness about the long-term future o…

Oracle Earnings, Oracle’s Cloud Growth, Oracle’s Software Defense

Oracle crushed earnings in a way that not only speaks to the secular AI wave they are riding but als…

Copilot Cowork, Anthropic’s Integration, Microsoft’s New Bundle

Microsoft is seeking to commoditize its complements, but Anthropic has a point of integration of the…

Investing In A Country You'd Never Think Of

I recently took a starter position in an ETF tied to one country I guarantee you’d never think about…

Oil Flips A Shit: First Trade Ideas For Monday

Obviously overnight the big headline was the explosive move in crude oil following the latest escala…

War Expands, Markets On Edge: Latest Portfolio Update Into Monday

Here's the latest, including one new sector of markets I'd avoid that I haven't commented on yet.