Nagham Writes

Disclaimer

Last updated: 21 July 2026

Nagham Writes is a newsletter about markets, psychology, and the stories people tell themselves about money. It is written to be read, thought about, and argued with — not acted on as instruction. Please read the following before treating anything here as a reason to buy, sell, or hold anything.

Not financial advice

Nothing published by Nagham Writes — including The Friday Letter, the “Under the Microscope” section, “Setups to Watch,” “What the Desks Are Saying,” any market-party scene, chart, price level, or commentary — constitutes financial, investment, legal, tax, or accounting advice. It is general information and opinion for educational and entertainment purposes only.

I am not a licensed financial advisor, broker, or fiduciary, and reading this newsletter does not create an advisory relationship of any kind. Nothing here is a recommendation or solicitation to buy or sell any security, and nothing here is tailored to your personal circumstances, goals, or risk tolerance.

Do your own research

Any company, ticker, or price mentioned is discussed to illustrate an idea — most often a cognitive bias — not to endorse or condemn the investment. Company figures are drawn from public sources believed to be reliable at the time of writing and may contain errors, may be incomplete, and will become out of date. Prices and market conditions change constantly. Before making any financial decision, consult a qualified professional and verify everything independently.

Positions and interests

I may or may not hold positions in the securities or assets discussed. Any such position can change at any time without notice or disclosure. I am not compensated by any company mentioned to write about it, and coverage should never be read as a paid promotion.

Risk

All investing involves risk, including the possible loss of your entire investment. Past performance is not indicative of future results. Speculative and pre-revenue companies are especially volatile and can decline sharply and permanently. You are solely responsible for your own decisions and their consequences.

Forward-looking statements

This newsletter discusses expectations, projections, timelines, and possibilities. These are inherently uncertain. Actual outcomes will differ, sometimes materially, from anything anticipated here.

No liability

To the fullest extent permitted by law, Nagham Writes and its author accept no liability for any loss or damage arising from reliance on anything published. You use this content at your own risk.

Read for the ideas. Make your own decisions.