Why I'm indexing the public record

ISSUE #012026-02-12BY ADITYA

The first note: what I'm building, and the question behind it.

The question

I'm Aditya. I love investing, finance, and understanding how capital actually moves through the world. I'm building Investor/Pass to make that world easier to understand and easier to research.

The problem I kept hitting is simple: the best material in investing is public, and almost impossible to use. Berkshire's letters are free — spread over fifty years of PDFs. Howard Marks' memos are free — unsearchable across three decades. Great interviews sit in forgotten corners of the internet. The record exists; the index doesn't.

What I built first

Investor/Pass now indexes 31 investors — 619 sources, 12,078 paraphrased research units, every one traceable to a publisher and a date. Not quotes scraped and dumped: paraphrased units with provenance, organized by theme, company, and event, so you can ask a question and see who in the record addresses it.

The part I care most about is what I call the wedge: search one idea and see who talks about it. Ask about risk and you find 105 indexed units under Howard Marks, 16 under Buffett — not because I decided Marks cares more about risk, but because the record says so. The evidence leads; the product follows.

What this newsletter will be

Every note will be the same deal: something I actually researched, connected to the indexed record so you can check it. How hedge funds actually work. What Einhorn's Lehman thesis really argued. What five different investors were reading in 2008. When I get something wrong, the correction goes in the record — there's a changelog.

If that sounds useful, subscribe. It's free, and it's how you'll hear when new investors enter the library.

ADITYA'S NEXT NOTE GOES TO SUBSCRIBERS FIRST