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Welcome to A Letter from Paul
You found me. There are many Substacks. Why read this one? Because you will understand economics, investing, and geopolitics much, much better. We are…
May 6, 2024
•
Paul Podolsky
2
Letter from Sao Paulo
One morning, while I was strolling in the garden, an idea appeared on the trapeze I have inside my head.
Jan 16
•
Paul Podolsky
9
2
Opposing Forces
THIS IS NOT INVESTMENT ADVICE.
Jan 9
•
Paul Podolsky
10
Poking Holes in the Growth Narrative
Not investment advice.
Dec 19, 2025
•
Paul Podolsky
8
3
The Great Debate
NOT INVESTMENT ADVICE.
Dec 12, 2025
•
Paul Podolsky
9
2
1
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Letter from Santiago
Feb 18, 2023
•
Paul Podolsky
15
5
1
Reality Gradually Seeps In
Mar 28, 2025
•
Paul Podolsky
20
5
7
The Global Scan
Sep 1, 2024
•
Paul Podolsky
13
3
Modernity Mindset
Nov 8, 2023
•
Paul Podolsky
13
2
2
Latest
Top
Discussions
Slowing Rates of Change
THIS IS NOT INVESTMENT ADVICE.
Dec 5, 2025
•
Paul Podolsky
11
2
When Cash Outperforms
NOT INVESTMENT ADVICE.
Nov 21, 2025
•
Paul Podolsky
12
1
The Wind Comes Out of the Sails
We understood that life, even the worst parts of it, were a shifting mix of happiness and pain, good luck and bad, and that there was no reason to fear…
Nov 14, 2025
•
Paul Podolsky
17
3
2
Bigger Swings
NOT INVESTMENT ADVICE
Nov 7, 2025
•
Paul Podolsky
11
1
Entrepreneurs and Central Bankers Don't Agree on AI
THIS IS NOT INVESTMENT ADVICE
Oct 30, 2025
•
Paul Podolsky
9
2
Inflation Ebbing = Assets Up
“It isn’t what sum you get, it’s how much you can buy with it.”
Oct 24, 2025
•
Paul Podolsky
8
2
Anxious Mr. Market
THIS IS NOT INVESTMENT ADVICE
Oct 16, 2025
•
Paul Podolsky
15
2
2
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A Letter from Paul
Practical, jargon-free description of what is going on in international affairs and financial markets from the Founder and Chief Investment Officer of a global macro hedge fund, Kate Capital. And the price is right...free.
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A Letter from Paul
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