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Investing Newsletters

PiggyBack's Newsletter Recommendations. Most cover investing niches. Many cover more or less related aspects of the world that we find interesting. All offer unique views and voices. (Recommendations)

Johan Eklund, CFA
Aug 9, 2022
12
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Investing Newsletters

www.piggyback.one

“Look at this generation, with all of its electronic devices and multi-tasking. I will confidently predict less success than Warren, who just focused on reading. If you want wisdom, you’ll get it sitting on your ass.”

— Charlie Munger, American Value Investor & Businessman

Source: Whitney Tilson’s 2007 Wesco meeting notes. As Vice Chairman of Berkshire Hathaway, Munger refers to Chairman and CEO Warren Buffett. Berkshire increased its pre-existing 80% majority holding in Wesco to 100% in 2011.

This article features PiggyBack’s Newsletter Recommendations. Most correspond to our current Substack Recommendations. Publishing it in article form provides a categorized presentation that interested readers can opt-in to revisit. It also allows for adding more, worthy non-Substack publishers over time.

As with our podcast Recommendations, we extend to investing-related complementary perspectives and topic areas.

Last update of Recommendations: August 9, 2022

Note: (1) The categorizations are highly subjective. (2) The order is not a ranking. (3) Recommendations refer to free content value. (The value of the authors’ paid or promoted services is up to each reader to decide.) (4) There may be updates with new, free content publications in due time. (5) Not all Recommendations suit the needs, interests, or tastes of all PiggyBackers. Look at this more as a smorgasbord.

grayscale photo of typewriter on tables
Photo by Matt Artz on Unsplash

Value-Investing Newsletters

Asian Century Stocks

“Premium Asia Pacific Equity Research. Mr. Fritzell is both a thoughtful investing guide and a picker of the region's best value stocks.”

— Johan Eklund, PiggyBack

Asian Century Stocks

Asian value stocks straight to your inbox. Subscribe below for weekly updates.
By Michael Fritzell

Author / Twitter:
Michael Fritzell
, Author of Asian Century Stocks / @AsianCenturyStx, @Fritz844

The Special Situations Report

“A great overview of U.S. special situations. Mr. Paolella provides condensed, current curation of deal rumors, announcements, and implications. The value-tilted equity write-ups hopefully hint at more to come.”

— Johan Eklund, PiggyBack

The Special Situation Report

Weekly reports on under-covered special situations in US public equities.
By David Paolella

Author / Twitter:
David Paolella
, Founder & Writer at The Special Situations Report / @SpecialSitEmailm, @InvestedComms

TSOH Investment Research Service

“Compounding high-quality business analysis. Mr. Morris shares his concentrated, long-term, U.S. quality stock investing.”

— Johan Eklund, PiggyBack

TSOH Investment Research Service

A deep dive equity research service from an experienced buyside analyst focused on achieving long-term investment success. Includes 100% portfolio transparency, with quarterly updates and the disclosure of ALL changes before they’re implemented.
By The Science of Hitting

Author / Twitter:
Alex Morris
, CFA, Long-term Investor / @TSOH_Investing

Valuabl

“Mr. Simms runs a proper fortnightly (two-week) value investing journal that picks apart just about anything that can be valued. With classic comics and all.”

— Johan Eklund, PiggyBack

Valuabl

An independent, value-oriented journal of financial markets. Delivered fortnightly, Valuabl helps investors pop bubbles, buy low, and sell high.
By Edmund Simms

Author / Twitter:
Edmund Simms
, Private Investment Partnership Manager & Author, @ValuablOfficial

Value Situations

“Public value investing through a private equity lens. The free edition of Mr. Maguire's Premium Equity Research offering covers actionable, special situation stocks. U.S. and European Small/Mid cap tilt. For professionals.”

— Johan Eklund, PiggyBack

Value Situations

Value Situations in Public Equities
By Conor Maguire

Author / Twitter / LinkedIn:
Conor Maguire
, Author / @ValueSituations / LinkedIn

Value Investing World

“News from around the value investing world and learning inspiration that goes far beyond. The free edition uses the most time-efficient format possible: a link list. With sparse, thoughtful context added by the publication's curator, Mr. Koster.”

— Johan Eklund, PiggyBack

Value Investing World

Curating multidisciplinary investing, business, and other readings.
By Joe Koster

Author / Twitter:
Joe Koster
, Founder & Portfolio Manager at Sorfis Investments
/ @VInvestingWorld, @jtkoster

Yet Another Value Blog

“Fast-paced and in-depth on quirky situation value stocks. Mr. Walker’s free edition provides both U.S. thematic and single ticker insights and a podcast on activism and cases.”

— Johan Eklund, PiggyBack

Yet Another Value Blog

Yet Another Value Blog applies a modern value investor's eye to quirky special situations and investing.
By Andrew Walker

Author / Twitter:
Andrew Walker
, Portfolio Manager and Head of Research at Rangeley Capital, Part-time podcast host and blogger / @AndrewRangeley


Investing & Trading Newsletters

A Peek Behind the Numbers

“Stock market earnings games put the investing public at a clear disadvantage. Management and IR spin stock storytelling with nonsense ‘headline’ adjustments. Accountants sign off aggressive GAAP management. PBN's analysis helps investors see the underlying earnings quality.”

— Johan Eklund, PiggyBack

A Peek Behind the Numbers

Uncovering earnings manipulation and one-time benefits that Wall Street seldom talks about.

Author / Twitter:
Behind the Numbers
/ @PeekBTN

Alpha Exchange

“Focused discussion on option-market fundamentals and technicals.”

— Johan Eklund, PiggyBack

Alpha Exchange

Sharing thoughts and insights on market risk, hedging and portfolio construction.

Author / Twitter:
Dean Curnutt
, CEO Macro Risk Advisors / @Dcurnutt

Alpha Exchange is also featured among PiggyBack’s Podcast Recommendations.

Convexity Maven

“Options opportunities for fundamental macro trades. Derivatives pioneer Mr. Bassman teaches improved upside and limited downside (long convexity) common-sense investing. Risk-reward lessons for long-term investors. Trades for traders and professionals."

— Johan Eklund, PiggyBack

Author / Twitter:
Harley S. Bassman
, Managing Partner at Simplify Asset Management / @ConvexityMaven

(Note: Convexity Maven is not published on Substack. Use title headline link.)

Equity Ideas

“Quality business-focused fundamentals in a quick read format. Aspiring investor Mr. Olsson's new newsletter is promising. The initial coverage mixes Nordic and U.S. stocks, with Swedish serial acquirers as a particular interest.”

— Johan Eklund, PiggyBack

Equity Ideas

Equity Ideas with emphasis on Nordic and U.S. company research.
By Markus Olsson

Author / Twitter:
Markus Olsson
/ @markusolsson

Invariant

“Thoughtful fundamental investing writing leveraging the arts and history.”

— Johan Eklund, PiggyBack

Invariant

Valuation, business analysis, markets, and more. Exploring finance with curiosity, creativity, and skepticism.
By Devin LaSarre

Author / Twitter:
Devin LaSarre
, Strategist, Designer & Investor / @DevinLaSarre

Investment Talk

“Investing learning and curation from a clear, value-add voice. Plus Mr. MacNiel’s thoughtful business-oriented equity deep dives.”

— Johan Eklund, PiggyBack

Investment Talk

Expect sporadic write-ups on companies I follow, as well as broader market commentary and curated bi-weekly editions of Market Talk, where I share what I have enjoyed consuming.
By Conor MacNeil

Author / Twitter:
Conor MacNeil
, Investment Writer / @TheITNewsletter

Musings on Markets

“Corporate finance thinker, author, and teacher extraordinaire. Mr. Damodaran teaches how to actually invest by using valuation. While providing a wealth of investing insight and data.”

— Johan Eklund, PiggyBack

Musings on Markets

Investing, Markets and Business
By Aswath Damodaran

Author / Twitter:
Aswath Damodaran
, Professor of Finance / @AswathDamodaran

Neckar’s Minds of the Market

“Behavioral lessons, big ideas, and transformative events in the lives of interesting investors. Mr. Gieschen’s elegant essays also feature the personal journey of trying to find our true selves.”

— Johan Eklund, PiggyBack

Neckar's Minds of the Market

Deep dives into the minds and methods of outstanding investors.
By Frederik Gieschen

Author / Twitter:
Frederick Gieschen
, CFA, Investing & Media / @NeckarValue

Stay Vigilant

“Thoughtful cross-asset strategy. Mr. Rich Excell’s breakdown of complex macro market issues leverages the experience of a market veteran using Fundamental, Behavioral, and Catalyst lenses. Markets can seem deceptively easy. So Stay Vigilant.”

— Johan Eklund, PiggyBack

Stay Vigilant

Demystifying Finance & Markets
By Richard Excell

Author / Twitter:
Richard Excell
, CFA, Finance Professor & Market Veteran / @ExcellRichard / LinkedIn

Just branching out to Stay Vigilant podcasts, Mr. Excell is an experienced host of the CFA Society Chicago podcast, a PiggyBack Podcast Recommendation.

The Morning Hark

“Investment professional? Drowning in macro morning trading briefs? With The Morning Hark, you get one that is super-powered by the financial content wisdom of the crowd.”

— Johan Eklund, PiggyBack

The Morning Hark

Your daily financial markets briefing. Overnight highlights, macro themes at play and a look ahead to today's key events. Join 10,000+ daily readers!
By Harkster

Author / Twitter:
Harkster
, Financial Content Curation Library (with iOS app) / @HarksterHQ

The Macro Compass

“The not boring macro strategist. Mr. Peccatiello provides a clear language translation of macro mechanics in play in big, global asset markets. Professionals get current market sentiment readings and shorter-term tactical trading calls.”

— Johan Eklund, PiggyBack

The Macro Compass

Financial education, macro insights & actionable investment ideas. From the desk of a former Head of $20 bn Investment Portfolio straight to your inbox.
By Alfonso Peccatiello (Alf)

Author / Twitter / LinkedIn:
Alfonso (Alf) Peccatiello
, Author The Macro Compass / @MacroAlf / LinkedIn

Mr. Peccatiello co-hosts The Macro Trading Floor, a PiggyBack Podcast Recommendation.

The Weekly S&P500 #ChartStorm

“This free collection of mostly U.S. equity visuals is a must for anyone closely following the markets. Mr. Thomas is a master chartist in both the fundamental and technical realms.”

— Johan Eklund, PiggyBack

The Weekly S&P500 #ChartStorm

Weekly charts: macro, technicals, valuations, and more -- a good and easy way to stay on top of the market outlook!
By Callum Thomas

Author / Twitter:
Callum Thomas
, Head of Research at Top Down Charts / @Callum_Thomas

The Transcript

“Expert human conference call curation. Investing insights quote by quote.”

— Johan Eklund, PiggyBack

The Transcript

Weekly Quotes from Earnings Calls

Author / Twitter:
Erick Mokaya
, CFA, Lead Author / @ekmokaya, @TheTranscript_
Scott Krisiloff
, CFA, Editor / @Skrisiloff, @TheTranscript_

Tuttle Ventures Newsletter

“Tuttle Ventures advocate value-oriented, active stock portfolios. Mr. Tuttle shares to-the-point insights on strategy, value cases, and timely tactical positions.”

— Johan Eklund, PiggyBack

Tuttle Ventures Newsletter

Ready to do the work it takes to grow your investments? Welcome to Tuttle Ventures, where we're all about making sure you have time for what matters most.
By Darin Tuttle

Author / Twitter:
Darin Tuttle
, CFA, Founder & CIO Tuttle Ventures / @TuttleVentures, @Darin_T80

Variant Perception Blog

“Tactical, cyclical, and structural indicator insights for investment professionals. Team Variant Perception's free briefs cover the global economy and major markets. Free of charge and free of guru calls.”

— Johan Eklund, PiggyBack

The Variant Perception Blog

Thoughts on markets from the team (and friends) at VP
By VP Research

Author / Twitter:
Variant Perception (VP Research Inc)
, Investment Research Firm / @VrntPerception


Corporate Distress & Short-Selling Newsletters

Fundamental investing learning also takes place when we invert to look at public company failures. Here we find everything from the truly unlucky, the delusional-level overvalued glamour stocks, the overaggressive borrowers, the strategic or governance failures, and the downright frauds. (Many of which professional speculators can try to actively profit from by short-selling. Not a recommendation to general public readers.)

PETITION

“Insights into the world of corporate distress. PETITION digs out the documents, connects the dots, and translates the boilerplate. Leading up to, during, and out of restructurings and bankruptcies.”

— Johan Eklund, PiggyBack

PETITION

Curated financial news, analysis and commentary with an emphasis on distressed investing, restructuring and bankruptcy.
By PETITION LLC

Author / Twitter:
Petition LLC
, Publisher (authors are anonymous) / @petition

The Bear Cave

“Mr. Dorsey provides bearish fundamental theses for mainly U.S. stocks. Companies with alleged red flag risks to valuations and operations. We may not agree, but this criticism is important information discovery.”

— Johan Eklund, PiggyBack

The Bear Cave

Exposing Corporate Misconduct
By Edwin Dorsey

Author / Twitter:
Edwin Dorsey
/ @BearCaveEmail/@StockJabber


Business, Economics, Finance & Technology Newsletters

The broadest collection of categories. Here many of our Substack favorites offer unique niche intersections between different perspectives and topic areas.

AI Supremacy

“Machine Learning and AI look like one of those rare cases where the impact of new technological applications runs faster and far beyond the imagination of mainstream hype. Mr. Spencer guides both business-oriented technologists and the rest of us with clear, critical coverage.”

— Johan Eklund, PiggyBack

AI Supremacy

News at the intersection of Artificial Intelligence, technology and business including Op-Eds, paper summaries and A.I. startups.
By Michael Spencer

Author / Twitter / Linkedin:
Michael Spencer
, Indie Writer & Futurist /
@AISupremacyNews, @MichaelKevinSp2 / LinkedIn

Intrinsic Value by Roger Lowenstein

“Intrinsic Value by Roger Lowenstein / free price = infinite yield. Very current financial world thoughts from a long-time journalistic legend and best-selling author.”

— Johan Eklund, PiggyBack

Intrinsic Value by Roger Lowenstein

Finance and politics made clear

Author / Twitter:
Roger Lowenstein
, Author / @RogerLowenstein

kyla’s Newsletter

“Ms. Scanlon distills the economy where humans live. With full-on curiosity, data-driven reflection, and creative visuals.”

— Johan Eklund, PiggyBack

kyla’s Newsletter

human-centric economic analysis to help all of us understand the world better
By kyla scanlon

Author / Twitter:
Kyla Scanlon
, Founder of Bread (Financial Education company) / @kylascan

Liberty’s Highlights

“Connecting silos of finance, technology, media, entertainment, and arts. (Pseudonymous) Mr. Liberty's human curation highlights offer value-add learning and inspiration. All coated in emojis.”

— Johan Eklund, PiggyBack

Liberty’s Highlights

The Serendipity Engine: Investing & business, science & technology, and the arts.

Author / Twitter:
Liberty
, (Pseudonymous) Curator & Investor / @LibertyRPF

Net Interest

“Financials specialist Mr. Rubenstein makes sense of our global economy's complex financial plumbing. Great essays on timely topics.”

— Johan Eklund, PiggyBack

Net Interest

Financial sector themes
By Marc Rubinstein

Author / Twitter:
Marc Rubenstein
, Finance Writer / @MarcRuby / LinkedIn

Quantum Foundry

“For the non-technologist Quantum Computing may not yet look like a high probability, near-term 'no-brainer'. But the impact of successful commercialization could push boundaries for humankind within our lifetime. To stay ahead, follow Mr. Spencer's clear and critical coverage.”

— Johan Eklund, PiggyBack

Quantum Foundry

Quantum computing, IPOs, startups, future companies, business models, venture capital deals, research & papers, global news coverage, etc...
By Michael Spencer

Author / Twitter / Linkedin:
Michael Spencer
, Indie Writer & Futurist / @MichaelKevinSp2 / LinkedIn

The Diff

“Deep insight into developing and structural trends in finance and technology. Trends that make a difference for slower-moving parts of the economy and society.”

— Johan Eklund, PiggyBack

The Diff

Inflections in finance and tech
By Byrne Hobart

Author / Twitter:
Byrne Hobart
, CFA, (Founding) Writer / @ByrneHobart

Team / Twitter:
Jack Wiseman
, Research & Operations (joined August 2021) / @jackrwiseman


Personal Finance Newsletters

Good personal finance writers offer down-to-earth, real-world financial education. Here are two such new acquaintances of PiggyBack.

Beachman’s Newsletter

“Pseudonymous early retiree Mr. Beachman shares and reflects on his practical, long-term investing. No-nonsense, common-sense personal finance, with unpolished successes and mistakes to learn from.”

— Johan Eklund, PiggyBack

Beachman’s Newsletter

Simple and effective personal finance and investing approaches from an early-retired beach bum (twitter:@Iwannabeontheb2)
By IWannaBeOnTheBeach

Author / Twitter / Linkedin:
Beachman
(pseudonym) / @Iwannabeontheb2

Broke Millennial with Erin Lowry

“For most adults, life offers its fair share of quite complex personal financial decisions. Serial author Ms. Erin Lowry is a great translator of such money matters in a voice that makes sense to people.”

— Johan Eklund, PiggyBack

Broke Millennial with Erin Lowry

A newsletter for people who want to take control of their money.

Author / Twitter:
Erin Lowry
, Financial Translator & Author / @BrokeMillennial


Digital Media Newsletters

What is happening to the overall digital and social media landscape? This section is probably most relevant for readers investing in or working in digital media businesses. But also for those considering joining or launching projects in the creator economy. And to an extent, to all of us who consume digital and social media.

Creator Economy Tips

“To the point, frank rationality on the fast-developing world of self-published creator content. Mr. Spencer brings indie publishing experience and the grit of a true ‘category pirate’ (running 10+ niche letters).”

— Johan Eklund, PiggyBack

Creator Economy Tips

Writing tips, creator economy, building Email lists, building an audience hacks. Substack Growth insights.
By Michael Spencer

Author / Twitter / Linkedin:
Michael Spencer
, Indie Writer & Futurist / @MichaelKevinSp2 / LinkedIn

Hot Takes

“Digital media analysis, marketing strategy, and creator reflections. All direct voice insights. A relief from positivity culture.”

— Johan Eklund, PiggyBack

Hot Takes

Spicy, useful, occasionally snarky takes from Adam Singer on marketing, philosophy, & digital trends. All signal, no noise. We will never share your email.
By Adam Singer

Author / Twitter / LinkedIn:
Adam Singer
, Digital trends blogger & Marketing exec
/ @hottakesstream, @AdamSinger / LinkedIn

Thanks for considering PiggyBack’s Recommendations! New to PiggyBack? PiggyBack Letter readers get original, written insights as we “piggyback” proven and promising value investing. Join us for free!

Disclaimer: This publication and related communications are for informational and educational purposes only. All readers are assumed to accept the full version of this disclaimer, see the following link.


Back PiggyBack(!)

Your Analyst sincerely hopes all readers enjoy and get inspiration and value investing ideas from PiggyBack. If so, consider sharing PiggyBack with friends and colleagues:

Share PiggyBack

Only with the help of early readers will this publication reach a sustainable scale for free, independent insights. Many thanks to all PiggyBackers!

Johan Eklund, CFA
PiggyBack

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