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How to Move $30 Billion Through a Bubble Tea Shop

How to Move $30 Billion Through a Bubble Tea Shop

The DEA agent staring at the spreadsheet had a problem. The numbers were clean. Too clean. A bubble tea shop in Monterrey, Mexico was processing roughly $300,000 in monthly transactions through a bank account in Guangzhou. Not unusual on its face – legitimate business, cross-border trade, plausible enough. Except the
10 May 2026 7 min read
Fine, Charlie. Fine. Let's Build Your Dreams.

Fine, Charlie. Fine. Let's Build Your Dreams.

There is a version of this story where it never happens. Where Warren Buffett - the man who spent 40 years telling anyone who'd listen that he doesn't invest in things he doesn't understand - looks at a battery company in Shenzhen, China, run
06 May 2026 7 min read
Formula 1: How to Win Without a Car
Private Equity

Formula 1: How to Win Without a Car

Benjamin Graham used to say that in the short run, the market is a voting machine, but in the long run, it's a weighing machine. It's a comforting thought for the fundamentalist, but in 2006, the world was intoxicated. We were drifting through that pre-crash sweet
04 May 2026 5 min read
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