Recommended Resources: Newsletters, Podcasts, X Accounts, and Books

Years spent finding the best content creators, all in one post

Hi everyone! I’ve curated a list of my favorite resources. These include newsletters/Substacks, podcasts, X accounts, and books that have shaped my thinking. Note: These are personal picks—always do your own due diligence.

Newsletters / Substacks

• [Macro and Investing] Lyn Alden: Big-picture macro analysis, flexible in her approach, and easy to read. I highly recommend subscribing to her newsletter at lynalden.com.

• [Macro and Investing] Yardeni: Subscribe to their QuickTakes newsletter at yardeni.com/quicktakes. Very data-driven and down-to-earth analysis. Ed Yardeni is an experienced veteran who’s great at debunking investment myths and fading risk-off moves in the market. Yardeni can be seen as a permabull on US equities, but give him credit—he’s been on the right side of the trade for a long time.

• [Macro and Trading] The MacroTourist: Written by Kevin Muir, a former sell-side trader. He offers interesting takes on macro topics and is a sharp thinker. That said, he’s been overly bearish this year, though not a full permabear.

• [Tactical Trading] AM|FX by Brent Donnelly: I don’t subscribe anymore because it doesn’t fit my style, but Brent is a great guy and former FX sell-side trader. Lots of valuable lessons here. (You’ll see one of his books in my recommendations below.) Find it here.

• [Macro and Trading] PauloMacro’s Substack: aka Cloudbear, you are warned, a lot of bearishness :) However, it’s a great read, especially if you’re into commodities for solid insights.

• [Macro & Trading] Reminiscences of a Shrub Operator: One of my absolute favorite Substacks, fun, insightful, and written by a super-smart trader with zero bias who trades anything that can make money. Best memes in the business.

• [Macro and Stock Picking] YWR: Excellent stock picks from a London-based hedge fund manager who’s incredibly sharp. He uses factor screening for selection, great value and very affordable.

• [Macro and Investing] Campbell Ramble: Free and packed with awesome content. The author is far to the right on the IQ bell curve.

• [Technical Monetary Plumbing] Conks: If you’re into monetary plumbing, this is your go-to. Not the most fun read, it’s advanced stuff.

• [Geopolitics and Special Situations] Michael Kao’s Substack (Kaoboy Musings): Excellent on geopolitics, oil markets, and fixed income.

• [Earnings Insights] The Transcript’s Substack: A collection of earnings transcripts and management quotes. Great for gauging macro trends through company leaders’ words, I pair this with traditional macro indicators.

Podcasts

A quick warning: Most podcasts are negative alpha and a huge time sink, don’t fall into the black hole! Stick to quality ones like these:

• Macro Voices: Great for the long-term big picture, but not ideal for timing trades. For example, the recent episode with Luke Gromen was excellent but top-ticked gold and the debasement trade.

• Market Huddle: Focuses on macro and trading; co-created by Kevin Muir from The MacroTourist.

• Forward Guidance: I love their weekly roundup, I watch it every weekend for timely insights.

• Aswath Damodaran’s YouTube Channel: The absolute best for company fundamental analysis.

• Hidden Forces: Covers geopolitics, macro, and societal issues.

• Masters in Business: Features some fantastic interviews.

• Plain English with Derek Thompson: Straightforward and insightful.

• The Macro Trading Floor: Weekly macro roundup with Brent Donnelly and Macro Alf.

X Accounts

I follow too many accounts on X—DM me if you want details on a specific one not in this list, I probably have an opinion already.

These are my favorites (I have notifications turned on for them):

• WarrenPies: My favorite macro analyst.

• abcampbell: Campbell Ramble’s X account.

• BenKizemchuk: Good macro generalist.

• LynAldenContact: Lyn Alden, no need for introduction anymore.

• fejau_inc: Love this guy—he hosts Forward Guidance. Very pro-crypto, so keep that in mind.

• wabuffo: Solid macro analyst; I follow mainly for DTS updates.

• agnostoxxx: The Reminiscences of a Shrub Operator author.

• FedGuy12: Joseph Wang, great for Fed analysis. (Note: I believe this is the correct handle; confirm if needed.)

• NickTimiraos: The Fed whisperer.

• Wasteland Capital: for stock picking

Books to Read

I’ve grouped these by category for easier navigation. These are timeless reads that have influenced me greatly:

• Trading: Market Wizards series, Alpha Trader by Brent Donnelly, The Money Game by Adam Smith, Inside the House of Money by Steven Drobny, Reminiscences of a Stock Operator by Edwin Lefèvre.

• Investing: The Little Book of Valuation by Aswath Damodaran, Capital Returns by Edward Chancellor, One Up on Wall Street by Peter Lynch, A Random Walk Down Wall Street by Burton Malkiel.

• Accounting 101: How Finance Works by Mihir Desai.

• Econ 101: Principles of Economics by Saifedean Ammous.

• Crypto: Broken Money by Lyn Alden.

• History: Against the Gods by Peter Bernstein, The Man Who Solved the Market by Gregory Zuckerman.

• Decision Making: Thinking in Bets by Annie Duke, Quit by Annie Duke, Thinking, Fast and Slow by Daniel Kahneman, Maxims for Thinking Analytically by Dan Levy.

• Personal Development: Stray Reflections by Jawad Mian, The Almanack of Naval Ravikant by Eric Jorgenson.

• Systematic Trading and Risk Management: Smart Portfolios, and Systematic Trading, both by Robert Carver.

That’s my list! If you have questions or want more details, drop a comment.