Letters and Articles

Daniel Lewin provides his thoughts on investing in North American capital markets.

• January 2024

  • 2023 LCM Annual Letter

• December 2023

  • The Price of Time

• September 2023

  • Fifteen Years

• January 2023

  • 2022 LCM Annual Letter

• December 2022

  • The Caesars Palace Coup

• January 2022

  • 2021 LCM Annual Letter

• January 2021

  • 2020 LCM Annual Letter

• January 2020

  • 2019 LCM Annual Letter

• December 2019

  • The Great Mental Models

• May 2019

  • UBC PMF Counselor Profile

• January 2019

  • 2018 LCM Annual Letter

• December 2018

  • Factfulness

• August 2018

  • Ten Years

• January 2018

  • 2017 LCM Annual Letter

• December 2017

  • Shoe Dog

• January 2017

  • 2016 LCM Annual Letter

• December 2016

  • Energy Myths & Realities

• January 2016

  • 2015 LCM Annual Letter

• December 2015

  • Flash Boys

• January 2015

  • 2014 LCM Annual Letter

• December 2014

  • Zero to One

• January 2014

  • 2013 LCM Annual Letter

• December 2013

  • The Outsiders

• August 2013

  • 5 Year Results

• January 2013

  • 2012 LCM Annual Letter

• December 2012

  • Lessons from Buffett

• August 2012

  • 4 Year Results

• January 2012

  • 2011 LCM Annual Letter

• August 2011

  • 3 Year Results

• January 2011

  • 2010 LCM Annual Letter

• January 2010

  • 2009 LCM Annual Letter

• December 2009

  • Black Swan Letter

• January 2009

  • 2008 LCM Annual Letter

• August 2008

  • Dear clients and friends Pt. 1

  • Dear clients and friends Pt. 2