Dear members,

Early-bird registration for Latticework 2022 is now open!

This year's edition of our flagship Latticework summit will be held at the Yale Club of NYC on December 13, with a cocktail reception the previous evening.

Latticework 2022 will examine intelligent investing in the context of an inflationary environment. We have invited a terrific group of speakers to share their wisdom into how wide-moat businesses as well as commodity-based businesses may grow inflation-adjusted value. We look forward to a healthy debate between the "compounder" and "real asset" camps.

Speakers will be announced soon. In the meantime, discounted early-bird registration is available for a limited time only. Secure your seat now.

Warmly,

John

MOI Global - Selected Highlights

Thesis Updates: Deutsche Bank, Holcim, Lanxess, Swatch | MOI Global — moiglobal.com

One of my primary objectives is to document my thinking at the time of making some of the most important decisions of my investing career.

Automotive Industry: Attractive Medium-Term Investment Case | MOI Global — moiglobal.com

Component supply for the auto sector has been under tremendous stress, but several factors could be a game changer for the industry.

Quote We Are Contemplating This Week

11 Articles We Are Reading This Week

1. Inflation - Ray Dalio

2. Market share - Michael Mauboussin

3. AI unbundling - Ben Thompson

4. MBA indicator - Dan Rasmussen

5. Nifty fifty lessons - Sean Stannard-Stockton

6. Favorite problems - Frederik Gieschen

7. Value of hard work - Ravi Nagarajan

8. Software sweatshop - Nathan Vardi

9. Analogies, not paradigms - Trevor Klee

10. Europe's energy catastrophe - Benjamin Hart

11. China workpaper workaround - Francine McKenna

Letters, Presentations, Writeups...

Industry Insights: AI | banking | e-commerce | EVs | housing | oil | retail digitalization | semiconductors | streaming | subscription businesses | video

Letters & Commentaries: Bank of America | Citibank | Cypress | Deep Sail Capital | Enam Holgins | Fraser Institute | McElvaine | Merrill | Moody's

Company Writeups: Amazon | Dole | Risk Industries | Haier | Harley-Davidson | Inabata | Moody's | P10 | PSH | Roblox | Muji | Snowflake | Verisk

Company Slides: Adobe | Li-Cycle | Rent the Runway | WildBrain

5 Podcasts We Are Listening to This Week

1. TWIII - Elliot, Phil, John on the cyclicality of Malthusianism

2. Business Brew - Evan Tindell on poker, investing, and more

3. Chai with Pabrai - Q&A session with the Asian Istitute of Tech

4. Masters of Scale - Satya Nadella on transforming Microsoft

5. Minds and Markets - Michael Mauboussin reflects on investing

5 Videos We Are Watching This Week