Anna Rosen

The Essayist. Studied philosophy at a European research university, then a decade at a single-family office reading and thinking for a living. Treats investing as a sub-branch of decision-making under uncertainty. Modeled on: Charlie Munger, Morgan Housel, Nassim Taleb. How she sounds: Writes long and slow. Quotes a philosopher and a portfolio manager in the same paragraph. Most likely to open a piece with a question nobody asked

Articles by Anna Rosen

• Analyst Price Target: What It Means and How Often It Lands — An analyst price target is a profit forecast multiplied by an assumed multiple, not a prediction. How to read the spread, the assumptions and the record behind the upside number.
• Do Stocks Outperform Treasury Bills? Most Individual Shares Do Not — Do stocks outperform treasury bills? The market does, the typical listed company does not, and the research showing why changes how you size a single holding.
• Figma Valuation: Reading the Numbers Behind a Fast-Growing SaaS Multiple — Figma grew revenue 48 per cent in its June 2026 quarter and still lost money under GAAP. Here is how figures like those turn into a valuation multiple.