Monthly Letter: Addiction Liability And The Roaring Twenties

[Editor's note: Starting in February 2023, I'll be offering a new subscription tier that includes, among other things, live chat, weekly market summaries, a separate section of the site dedicated to short-form news and a monthly letter. What follows is an early preview of what you can generally expect from the monthly letters. If you're interested in more details about the new subscription tier, feel free to reach out and I can add you to the list. Obviously, reaching out doesn't imply any oblig
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