# Passing the Torch Newsletter Passing the Torch is a finance and economics newsletter delivering institutional-quality research with a perspective focused on the future. We publish more than two hundred times a year, and dozens of times a month. Check out our articles to learn more! Page: Feed: --- ## [The Eurosummer Economy](https://bycig.substack.com/p/the-eurosummer-economy) _2026-08-18 · Jasper Gould_ Research on the high school Euro Trip, from actual high schoolers. ## [Underreported & Outsize Impact Stories for the Week](https://bycig.substack.com/p/underreported-and-outsize-impact) _2026-08-17 · Jasper Gould_ Some stories and trends we think you should be aware of, that you aren't seeing elsewhere for 8/17 - 8/22. ## [A Walk Down the NYC Subway Feels Like a Walk Down Silicon Valley. Why?](https://bycig.substack.com/p/a-walk-down-the-nyc-subway-feels) _2026-08-16 · Emile Chilingirian_ Every ad on the train sells AI now. What does this saturation tell us? ## [Equity Trades for August](https://bycig.substack.com/p/equity-trades-for-august) _2026-08-15 · Jasper Gould_ An update for our paid subscribers on our latest equity long investments. ## [The Seesaw Theory: Long AI = Long Book Publishing](https://bycig.substack.com/p/the-seesaw-theory-long-ai-long-book) _2026-08-14 · Jasper Gould_ Why, paradoxically, the better tech gets, the more money flows into legacy categories. ## [Everything Is Protein Now](https://bycig.substack.com/p/everything-is-protein-now) _2026-08-14 · Emile Chilingirian_ Snack food has bolted the word onto everything in sight. The reason is a drug, and the story these companies are telling investors is the reverse of the one their marketing departments are telling you ## [The Important Reality of AVs](https://bycig.substack.com/p/the-important-reality-of-avs) _2026-08-11 · Jasper Gould_ The unfiltered Gen Z view on automated vehicles and robotaxis ## [DSA and MAGA are both extremely risky for owners.](https://bycig.substack.com/p/dsa-and-maga-are-both-extremely-risky) _2026-08-05 · Jasper Gould_ The wealth gap is becoming a significant risk to the asset economy, and to the investor-class. ## [The New US Currency Paradigm](https://bycig.substack.com/p/the-new-us-currency-paradigm) _2026-08-04 · Jasper Gould_ Exploring the details of the US intervention into the Yen. ## [We spoke to someone on the Board of Peace. Here’s everything you need to know.](https://bycig.substack.com/p/we-spoke-to-someone-on-the-board) _2026-08-03 · Emile Chilingirian_ An inside look on the Board of Peace. ## [Finnish Seedboxes — Up to 20Gbps (Sponsored)](https://crawlproof.com/a/a1o3W382jSQF) _2026-08-03 · **Sponsored**_ Private Finnish seedboxes with 1–20Gbps speeds, RAID storage and 14‑day refund ## [The AI Bubble Has K-Popped](https://bycig.substack.com/p/the-ai-bubble-has-k-popped) _2026-07-23 · Emile Chilingirian_ Leverage isn't for everyone... ## [Tax-free equity method...](https://bycig.substack.com/p/tax-free-equity-method) _2026-07-21 · Jasper Gould_ QSBS trust stacking is overwhelmingly under talked about. ## [Going Dark, Optionally](https://bycig.substack.com/p/going-dark-optionally) _2026-07-20 · Emile Chilingirian_ The SEC is about to let companies report earnings twice a year instead of four times. The whole thing will be settled by who chooses to switch off the lights. ## [The Silicon Valley Discount](https://bycig.substack.com/p/the-silicon-valley-discount) _2026-07-19 · Emile Chilingirian_ Your AI subscription is priced like a 2014 Uber. Cheap. ## [Chevron in Iraq](https://bycig.substack.com/p/chevron-in-iraq) _2026-07-18 · Jasper Gould_ The irony of physical infrastructure being ever-so important in the AI moment. ## [Playing Poker With High Schoolers and Shorting the AI Trade](https://bycig.substack.com/p/playing-poker-with-high-schoolers) _2026-07-16 · Jasper Gould_ Michael Burry reminds me of the kids I play poker with. ## [Playground Feud](https://bycig.substack.com/p/playground-feud) _2026-07-14 · Emile Chilingirian_ The people building artificial intelligence cannot stand one another. The reason is older than the technology, and it explains more than the gossip. ## [Revealing our equities portfolio...](https://bycig.substack.com/p/revealing-our-equities-portfolio) _2026-07-12 · Jasper Gould_ Sharing with our paid subscribers all the stock we own, and the ones we plan to buy. ## [Freedom Fuel](https://bycig.substack.com/p/freedom-fuel) _2026-07-10 · Emile Chilingirian_ The cheapest gas in America? ## [The Seventy-Ninth Minute](https://bycig.substack.com/p/the-seventy-ninth-minute) _2026-07-08 · Emile Chilingirian_ For seventy-nine minutes Messi lived inside what could have been his last World Cup, and unlike the rest of us, he could feel it happening. ## [Marketplace for AI-Powered Professionals (Sponsored)](https://crawlproof.com/a/ksZCJsxNjj4a) _2026-07-08 · **Sponsored**_ Find professionals who use ChatGPT, Copilot, and Claude to deliver work faster. ## [The Last Piece of the Attention Economy](https://bycig.substack.com/p/the-last-piece-of-the-attention-economy) _2026-07-08 · Emile Chilingirian_ Every tech CEO has suddenly started selling glasses nobody asked for. Allow me a passionate theory about what they are actually reaching for.