Essays, notes, and monthly updates.
What we're investing in and why. Longer-form essays on the AI build-out and the businesses being made and remade around it, alongside shorter monthly updates from the desk.
- Nov 12, 2025 · 11 min
China's 15th Five-Year Plan Preview
A comprehensive guide to China's 15th Five-Year Plan (2026–2030), the policy framework, key priorities in industrial upgrade and tech self-reliance, and investment implications for U.S. equity markets.
- Jul 22, 2025 · 13 min
Investing in Great Companies: A Framework for Long-Term Value
A guide to the core principles of long-term investing. How to identify high-quality businesses, value them accurately, and build a resilient portfolio for the future.
- Oct 10, 2025 · 10 min
Milton Maxwell, September 2025 Update
Last month's picks ran +29% to +130% in a +6% QQQ. The long/short thesis we keep coming back to, investing in the future replacing the past. Notes from Singapore.
- Sep 02, 2025 · 10 min
Milton Maxwell, August 2025 Update
Powell hints at a rate cut; Nvidia's blowout Q2; Figma's IPO; tariff escalation and the U.S. Intel stake. Four quality companies we're tracking. Notes from a busy month in private deals.