Every dispatch, in order.
The full record of the letter. Each place read with clear eyes, each thesis dated and left to stand. Newest first.
-
Latin AmericaMarketsOne Bidder
Colombia has awarded exactly one prison concession in its history. One company bid on it. Now the incoming president wants to build ten more.
-
Latin AmericaMarketsWhen Paper Profits Meet Reality
Latin America has some of the fastest-appreciating real estate in the world right now. But appreciation is only half the equation, and the other half is where most foreign buyers get caught.
-
United StatesRule of LawThe Inventor's Path: Why the US Patent System Is the International Inventor's Most Underrated Asset
Most people think about building abroad in terms of laptops and visa runs. They do not think about patents. A guide to protecting your invention in the one jurisdiction that still enforces them, from USPTO filing fees to the foreign qualification trap.
-
Latin AmericaResidencyThe Florianópolis Dispatch: Safety, Real Estate, and the Real Cost of Brazil's Silicon Island
The "Magic Island" sells safety, European lifestyle, and Silicon Valley ambitions. But a third of properties lacked sewage connections until recently, and the federal government is at war with the state that hosts it.
-
Latin AmericaResidencyThe Colombian Tax Window
Colombia's foreign pension exemption can legally reduce your tax bill to zero. Here is how the structure works, what the real estate actually costs, and why August 7 matters.
-
GlobalMacroThe Alliance Trade
Trump's NATO summit in Ankara redrew the alliance map in dollar terms. Spain is out. Turkey is in. Here is where the capital goes.
-
Latin AmericaNearshoringThe Tightrope Republic
Record foreign investment and a narco-transit problem, on the same island. The Dominican Republic is executing a narrow, focused bet that the numbers say is working.
-
Latin AmericaGovernanceThe Price of Integrity
A thought experiment on incentives: what Singapore’s wager on paying for integrity might mean for Colombia, Brazil, and Mexico, the places expats actually move.
-
ArgentinaMacroThe Argentine Wager, Revisited
With the cepo lifted and the blue-dollar gap gone, is Milei’s Argentina investable again? Stabilization, not transformation.
-
GlobalRule of LawThe Contract Economy
The world’s most boring institution decides where you can safely invest, retire, or sign anything, and a five-tier ranking of where a signature still means something.
-
ColombiaReal EstateThe Laureles Trap
Medellín is Latin America’s hottest property story, and the Spanish-language press is telling a different one. Where the money actually goes, and where it gets resented.
-
VenezuelaDispatchVenezuela’s Opening
A broken country, a fragile transition, and a recovery case no serious investor can ignore, for risk capital only.
-
CubaDispatchThe Bets Are In
Ninety miles from Florida, the slowest opening in the hemisphere is finally pricing in.
-
ColombiaDispatchEl Tigre
Colombia just elected an outsider who campaigned behind bulletproof glass, and won by 250,000 votes.
-
United StatesFiscalThe Fraud Tax
Every dollar lost to fraud is a tax on the honest. It is bigger than you think, and someone is paying it.
-
ArgentinaMacroThe Chainsaw Test
Milei took a chainsaw to the state. The question is whether the cut heals, or scars.
-
MexicoMarketsMexico’s Nearshoring Paradox
Record foreign investment. Shrinking domestic investment. The incentive quietly became a trap, and the audit, not the tariff, is the culprit.
-
El SalvadorSecurityAfter the Cages
Bukele built the safest country in the hemisphere on the back of the largest prison in Latin America. Capital noticed first.
-
PeruDispatchThe Hand That Shook
Peru elected Keiko Fujimori on a promise of order. Order is the promise; democracy is the question.
-
Uruguay & ParaguayResidencyThe Quiet Havens
Two small republics, two routes to the same thing: a legal, taxable, livable second home in the Southern Cone. Residency is not domicile.
-
VietnamMarketsChina Plus One
Every supply chain leaving China needs somewhere to land. Vietnam keeps catching the most, but FDI is not prosperity.
-
PolandEuropeEurope’s Frontier Engine
The fastest-growing major economy in Europe is the one most investors still file under “emerging.” The risk is priced; the growth is not.
-
United StatesCreditCheap Money
The cheapest long-term leverage in the developed world sits in plain sight. Only in America can a regular person finance like this.
-
United StatesInfrastructureThe AI Supercycle at Home
The biggest build-out since the railroads is happening on American soil. This is not a tech story, it is an infrastructure story.
-
United StatesCreditBorrow Here, Buy Anywhere
American credit is the cheapest passport there is. Use the engine; never sever it. Borrow where money is cheap; deploy where it is welcome.
-
United StatesHousingThe Housing Correction Playbook
The first buyer’s market in a decade. When the correction comes, the financed buyer wins it, if they have a shopping list ready.
-
United StatesStrategyThe Domicile Fallacy
The wealthy keep fleeing for passports and tax havens. Most are solving a problem they don’t have, and creating three they will.