About Independent Investor Daily

With over 130 inconsistencies in GAAP (Generally Accepted Accounting Principles in the United States) and IFRS (International Financial Reporting Standards) accounting policies, hundreds, if not thousands of investors have missed out on great investment opportunities…

Simply because as-reported financials don’t tell the true story.

That’s why we created Uniform Adjusted Financial Reporting Standards (UAFRS), or simply, Uniform Accounting.

UAFRS is an alternative set of standards for reviewing and analyzing financial statements,

leading to more reliable reports of corporate financial activity and opening the door to better investment decisions.

At Independent Investor, we have used the UAFRS framework to tell the real stories of thousands of companies for more than a decade.

This is why we’ve created the Independent Investor Daily newsletter. We want to provide readers with unique investing insights through the lens of UAFRS, free of charge.

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Included with the
Independent Investor Daily:


Macro Mondays

Every Monday, we provide readers with macroeconomic insights through our powerful Market Phase Cycle™ framework.


Tuesday Tearsheets

On Tuesdays, we take a deep dive on individual companies and the market’s Embedded Expectations for their future performance.

In each article, we provide readers with a Uniform Accounting tearsheet for an individual company and show just how different true uniform numbers are from as-reported GAAP and IFRS figures.


Wednesday Credit Insights

Great equity and credit investors understand the necessity of being a solid credit analyst. That’s why every Wednesday, we will reveal just how useful credit research can be when it is powered by Uniform Accounting.

We will discuss a specific company and provide a firm-specific story, along with a tearsheet.


Thursday Tearsheets

Just like on Tuesdays, we deliver another company’s unique UAFRS-based performance and valuation analysis.


Friday Portfolio Analytics

Every Friday, we examine and learn from the current portfolios of great investors AND major investment firms. We’ve received tremendous positive feedback on our deep dives into the portfolios of Seth Klarman at Baupost, Richard Driehaus at Driehaus Capital, Julian Robertson and Chase Coleman at Tiger Global, and Jean-Marie Eveillard at First Eagle, so we decided to make this a weekly thing. In addition to reviewing the portfolio, we also dive into these investing greats’ major investment holdings with a UAFRS tearsheet.

About Us
Independent Investor is a membership based community with access to research powered by the proprietary UAFRS framework. Thanks to our partnerships we offer no-nonsense opinions and recommendations, industry expertise, and proven, back-tested data

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