It Pays to Think Independently

Welcome to The Independent Thinking Newsletter, where businessman, financier, author, and corporate finance specialist Marcelo Marini shares his insights to avoid recurring business and financial mistakes that waste time, capital, and compromise both family wealth and decision-making.

Each week, M. Marini delivers deep, thought-provoking reflections on business, finance, and independent thinking. Wondering how the business and financial world really works—so we can avoid pitfalls that waste time, drain capital, and compromise decision-making, while opening the door to try to understand how to build wealth, and, above all, think independently. (Subscription required.)

Paid subscribers can see behind the paywall, access to the author’s spreadsheet with our full archive, including themes, mentions, and access the searchable archives, which remount the original Marcelo Marini’s Diary—featuring over 400 timeless editions. Since the original Diary moved to Substack, now The Independent Thinking is the only place where M. Marini shares his thoughts.

Written before they became headlines.

Here, you’ll find problems and opportunities that many companies and investors still haven’t recognized — this early insights reach this newsletter, long before eventually reaching the mainstream.

As a longtime friend of this newsletter often says: “Marini is always 10–15 years ahead.”

There's a significant difference between thinking independently and following the crowd, our goal is to Think Independently. If you're willing to dig through the Insights, you might suffer the loss of not having to rely on the opinions of others… which in some cases can be a good deal.

Please note that if an article appears in another language, we kindly ask the reader to “Translate” using their browser — it’s certainly better than asking someone else to tell what they get from the reading exercise, and we hope it works better than skipping the reading at all — as some articles from 2015–2020 are being remounted from our original Diaries.

The Insights

Market's at all time-high. Errors that may follow…

Market's at all time-high. Errors that may follow…

M. Marini, wondering about the Market's at all time-high… and the errors that may follow…

Can we avoid the traps that waste time, burn capital, and compromise decision-making?

After more than 400 editions over seven years, one question remains: where will this insanity lead? If you are following the conventional path, is there still time to change course? Perhaps it’s time to question it…

We are not here to tell you what to do, but to questions things… to help you think independently.

You probably know that we don't make stock recommendations or a portfolio to follow. However, we have some thoughts regarding your present and future that can save you real money, that is to study business, finances and independent thinking.

“When investing, we view ourselves as business analysts — not as market analysts, not as macroeconomic analysts, and not even as security analysts.” — Warren Buffett.

“Understanding how to be a good investor makes you a better business manager and vice versa.” — Charlie Munger.

—> We may be scheduling a price adjustment for new readers. If you are a Legacy reader you won’t have to worry as we will retain your current pricing for as long as you remain with The Independent Thinking.

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— T.M., Entrepreneur, Investor.

A little weekend reading: Marcelo Marini wrote about the difference between investors thinking for themselves versus just blindly following the crowd.

The Berkshire Beat: July 18, 2025, Kingswell.
Kingswell
The Berkshire Beat: July 18, 2025
Happy Friday and welcome to our new subscribers…
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If you are looking for investment advice with us you are in the wrong place! We don’t provide investment advice, we don’t offer investing tips, we don’t recommend or sell any stocks, a portfolio to follow and investment products. We don’t offer any type of advice and consulting in the investment segment.

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Each week, M. Marini shares deep, thought-provoking reflections on business, finance, and independent thinking—seeking to avoid the traps that waste time, drain capital, and compromise both family wealth and decision-making. It pays to think independently

People

Independent, unconventional insights for corporations and individuals. Readers in over 15 countries.
Marcelo Marini is a businessman, financier, author, and Corporate Finance Specialist. He also writes about independent thinking, business, financial subjects for readers in more than 15 countries.