ValueInvestor Insight

Newsletters are a great retention tool and a superb distribution tool, with almost no algorithms standing in the way of the audience.

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A Substack-based intellectual sphere will be intensely, if unintentionally, hostile towards new blood. Magazines and newspapers solve this problem by packaging new authors that might appeal to their readership in the same issues as big names. The blogosphere solved this problem through comments and trackbacks, which allowed bloggers and their readers to discover other quality writers worth following. There is no mechanism for this sort of thing on Substack.

The great question is whether this new internet will be able to sustain meaningful intellectual exchange. By default, Substack splits intellectual activity into vertical silos, with readers at the bottom and authors at the top but no horizontal connections between them.

Open learning, also known as open education, can be defined as a set of practices, resources, and scholarship that are openly accessible, free to use and access, and to re-purpose

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