Valuation, business analysis, markets, and more. Exploring finance with curiosity, creativity, and skepticism.
"Devin is both a natural storyteller and looks at the world in a unique, thoughtful way. Invariant will fast become a favorite in your inbox."
"Devin does a great job explaining unchanging (Invaraint) companies that have high durability and should be able to produce ROIC greater than WACC for the foreseeable future."
"Not your typical financial newsletter. Devin's curiosity bleeds through writing style, structure and content-matter of Invariant. I am never quite sure what I will receive in my inbox, but it's always high quality and off the beaten track, and that's why I enjoy it. "