The best founders and investors grasp a deep inefficiency in the world.

This newsletter provides some thoughts on understanding technology for investors. It’s a roundup of broader trends and issues in tech, typically not covered by and complimentary to the fast-twitch tech and finance media. It does not shy away from digging into the technical weeds or showing contrainan viewpoints for the benefit of discussion.

Subscribe and get access to a weekly ‘Things I read last week…’ roundup, sent on Mondays at 6 AM UK time. This is public version of an internal newsletter I’ve been sending at Marcho Partners since joining the founding team in 2019. Marcho is a London based investment firm focused on publicly listed global technology companies, with a concentrated long-term approach and emphasis on proprietary fundamental research on market, product, and engineering.