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BakStack

Capital markets, ETFs, CRE, and the future of asset management.

Newsletter · By Phil Bak · Official site

Indexed issues, last 90 days
6
Latest publication
Aug 31, 2026
Audience
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Earliest in this view
Jul 13, 2026
The latest indexed work is over 30 days old. There may be a gap in what we hold.

Latest issues

  1. Issue · Aug 31, 2026

    Teucrium Wheat Fund (opens the original)

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    It might feel like viral moments are a new thing, but it ain’t so. Things would go viral back in the 1960’s, too. Just in a more wholesome way.When Paul Simon and Art Garfunkel harmonized on their classic Scarborough Fair, those herbs went viral. Parsley, sage, rosemary, and thyme. They flew off the shelves. Herbs went viral.You might think I’m joking, but I’m dead serious. This really happened.Sal Gilbertie Senior ran a fledgling greenhouse business in Connecticut and he jumped on the trend, pl

  2. Issue · Aug 12, 2026

    Beyond the Prospectus (announcement) (opens the original)

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    Walk through a bookstore and take a moment to think about this: every single book on every single shelf consumed years of a human life.There was the idea, and then there was the follow through. There was research. There were 2:00 am re-writes. There were rejection letters. There was agonizing over a single word.An author carried that book around in his head through dinners, vacations, funerals and the tossing and turning of sleepless nights.So when you are in a bookstore or a library, just take

  3. Issue · Aug 3, 2026

    PODCAST: Meb Faber on The Great American Exception (opens the original)

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    The book, Investing in America: The Rise Of A 250-Year Bull Market, is available here: https://a.co/d/05Kt8VLkMeb is donating all proceeds from book sales to Invest America.Learn more about Cambria Funds here: https://www.cambriafunds.com/indexMeb’s research is posted directly here: https://mebfaber.com/

  4. Issue · Jul 31, 2026

    I, Banana (opens the original)

    Excerpt · Neutral tone

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    I’ve written before about the invisible hand of free market economics, and the beauty and simplicity of Leonard Read’s classic essay I, Pencil. I am revisiting this concept in the aftermath of the hilarious/horrifying subsidized/communist grocery store announcement from Zohran Mamdani.All of this was bouncing around my head as I walking into Trader Joe’s and spent a grand total of .40 cents for a banana. What goes into getting t

  5. Issue · Jul 27, 2026

    Ram-Man (opens the original)

    Excerpt · Critical tone

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    James Moakes decided to corner the market on Ram-Man.James was working as a tile salesman, and the old He-Man action figures were starting to be seen as collectors items. They started to sell for decent money, so James decided to create an artificial supply squeeze by cornering the global market for Ram Man, He-Man’s square-headed, spring-legged buddy.<a class="image-link image2 is-viewable-img" href="https://substackcdn.com/image/fetch/$s_!qpaY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%

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