Sample Member Letter
June 25, 2010

Posts here on the public blog have been regrettably sparse since the launch of the Member letter. The problem boils down to time. Member letters are much more comprehensive than public posts, and I dedicate a tremendous amount of effort to produce cohesive, detailed analyses. Many evenings see hours pass during construction of the letter, so you can understand why I don't have the energy to follow-up with a public post, not to mention why I want to charge for access.

Nevertheless, long-time readers here have been neglected, so I figured it would only be fair to provide a peak at what's been going on in Member land. Enjoy:

Member Letter for June 24, 2010