Dear Reader,

‘It’s utterly insane to publish this’, a member of our internal editorial group said at a meeting late last month.

‘Don’t do it.’

As publisher, I’ve overruled.

This investment thesis may seem bonkers. But it’s also quite brilliant.

If we’re wrong, we’re going to look quite silly a few years from now. If we’re right...well, you be the judge.

WATCH THIS.

Best,

James Woodburn,
Publisher, Fat Tail Investment Research