Dear members,

We will be recording sessions for Wide-Moat Investing Summit 2021 in the coming days. We look forward to bringing you more than two dozen idea presentations from July 7-9.

The sessions will be posted on the MOI Global website. As a member, you will enjoy complimentary and exclusive access. You are automatically registered and will be able to access the event with your MOI login credentials.

Have a terrific week!

John

MOI Global - Selected Highlights

Marc Rubinstein on Disruption in the Money Transfer Business | MOI Global — moiglobal.com

We had the pleasure of speaking with fellow member and former hedge fund manager Marc Rubinstein, author of Net Interest.

Dan Rasmussen on Countercyclical Asset Allocation | MOI Global — moiglobal.com

We had the pleasure of speaking with Dan Rasmussen, founder of Verdad, about the firm's research into countercyclical investing.

Brinton Johns on Complexity Investing: Resilience and Optionality | MOI Global — moiglobal.com

We had the pleasure of speaking with Brinton Johns, a co-founder and investor at NZS Capital, about the firm's investment philosophy.

Quote We Are Contemplating This Week

11 Articles We Are Reading This Week

1. Supply chains - Ryan Petersen

2. Doctor copper - David Balass

3. China decisions - Jordan Schneider

4. Layers of conviction - Frederik Neckar

5. Private equity mindset - Brandon Beylo

6. Innovation gets harder - Matt Clancy

7. Fed's epistemic arrogance - Ravi Nagarajan

8. Intangibles and base rates - Michael Mauboussin

9. Outfoxing the gig economy - Lauren Smiley

10. Quality investing and inflation - Tom Hancock

11. Trying to do unsustainable things - Todd Wenning

Letters, Presentations, Writeups...

Industry Insights: Africa tech | hotels | industrial internet of things | litigation finance | ocean freight | quantum computing | trucking

Letters & Commentaries: Barclays | JP Morgan | Lindsell Train | Marcus Frampton | Marwadi | Merrill

Company Slides & Writeups: AirAsia | CCI | Denbury | Etsy | FedEx | Formula One | IHS Markit | Invitation Homes | Nike | Samsung | Six Flags | Tencent | Winnebago

Image of the Week: Margin Debt

5 Podcasts We Are Listening to This Week

1. TWIII - Elliot, Phil & John on timely and timeless investing topics

2. Acquired - Ho Nam on Altos Ventures' strategy and playbook

3. Daily Stoic - Malcolm Gladwell on running, writing, storytelling

4. Excess Returns - Rob Arnott on the future of value investing

5. Masters in Business - Robert Cialdini on the psychology of influence

6 Videos We Are Watching This Week

Inner Game with Steven Cohen — stray-reflections.com

Markets may change and the specific techniques or systems that work best may change, but the underlying core principles that lead to trading success stay the same. Steven Cohen, chairman of Point 72 Asset Management, joins us to offer a rare glimpse at how he approaches his craft.