INVESTMENT NOTES
Direction of Money
An ordered collection of investment research essays in the Direction of Money series.
Direction of MoneyReading the market through an investor's eyesExplains how a few long-run winners create most market wealth and how value, growth, momentum, and quality can frame a search for future leaders
Direction of MoneyThe craft and philosophy of finding market leadersDesigns a reproducible process for reading market, sector, and stock strength and ranking candidates with percentile-based multi-factor scores
Direction of MoneyTesting the financial health of market leadersConnects Piotroski's accounting signals with composite rankings, valuation ranges, and an integrated sell discipline
Direction of MoneyInvesting in global market leadersApplies one factor discipline across markets while incorporating currency, disclosure, liquidity, and concentration into selection and allocation
Direction of MoneyThe Direction of MoneyConnects AI capital spending, East Asian exports, global liquidity, the yield curve, and market breadth as of August 2026