About Les Barclays
This Is Not Investment Advice (TINIA) is an independent newsletter for readers who are tired of consensus-driven commentary. My posting schedule is irregular, and I prefer quality over quantity.
In every post, we go beyond headlines to unpack the forces shaping finance and economics. Nothing within finance, economics and economic policy is off limits - from fiscal drag and stealth taxes to stablecoins to capital markets + tech investments, and anything else that crosses my mind. I won’t spam you with unnecessary emails or messages.
Subscribers include portfolio managers, investors, policy analysts, journalists/reporters from major finance publications (Bloomberg, FT, 9fin and more) as well as current and former professionals across law, consulting, finance & tech who use the newsletter to sharpen their thinking, challenge assumptions, and stay ahead of structural shifts in markets and regulation.