I've been asked to write this newsletter for years. Until now, I’ve always resisted.
Not because I didn't have anything to say.
Because I had too much respect for what it takes to do it right.
Let me back up.
The question I get more than any other, more than anything about the course, more than anything about any single trade, is some version of this:
"Tan, what are you actually watching right now? If it were your money, where would it go?"
I've answered that question on calls.
In office hours.
On stages in front of thousands of people.
Privately, for founders and friends who wanted to know what I really thought before they moved.
But I never had one place where I laid it all out. On a schedule. In full. No holding back.
There's a reason I waited. Macro done properly is hard.
It's easy to sound smart about markets and be useless. It's easy to make a bold call, get it wrong, and quietly never mention it again.
I didn't want to add to that pile. So for years, I said no.
And the people around me never accepted that answer. The DeFi Doctor, Rami Al-Sabeq, the whole Future Finance team, they've been pushing me to do this for longer than I'll admit. I kept telling them no.
What changed is simple.
I watched too many good people, people who did everything right, get quietly poorer while the headlines told them everything was fine.
Not because they made a dramatic mistake.
Because no one ever showed them…
That is a solvable problem.
It's the exact problem I spent my career learning to solve. And I decided I'd rather solve it in the open, on the record, for the people who've followed my work, than keep answering it one conversation at a time.
My Co-Founder Salim and I even put it all in a book, The Exponential Investor. But a book is a snapshot. The markets don’t hold still, and neither can your read on them.
The Macro Letter
That’s why I’m launching The Macro Letter.
Twice a week, I give you my complete read.
Every asset class. No hiding from a miss. No hype to keep you anxious. Just the read, the way I'd give it to you across a table.
It's the first newsletter I've ever put my name on.
Something that's just mine, on a schedule, where I say exactly what I see.
And I'm opening the doors to you before anyone else, because you already know how I work. I'd rather have you in the room first.
I'll see you on Monday.
How It's Different
The problem was never a lack of information. It's that no one connects it for you.
You are not short on financial content.
You're buried in it.
Alerts, hot takes, a fresh crisis every morning, 10 newsletters that each cover one narrow corner and none that cover how those corners connect.
That's the actual problem.
Your money lives across everything: what you hold in stocks, what sits in cash, what you own in gold or property or digital assets. But almost every source you follow looks at one square of the board and calls it the whole game. Worse, they make a loud call on Monday and never mention it again when it's wrong.
You're left doing the hardest part alone: connecting it all, and figuring out who was actually right.
The Macro Letter is built to end that. Two issues a week, each with a specific job, that together give you a complete and honest viewpoint.
Monday - Set the week
The full macro read heading into the week. Where we are in the cycle, what shifted, and how I'm positioning across every asset class.
Wednesday - Test the thesis
The part almost no one else has the spine to do. Midweek, I review Monday's call against reality. Where it held. Where it's adjusting.
Every issue takes just 10 minutes to read. Monday positions you. Wednesday keeps you honest.
Together they make you a sharper allocator every single week, whether the market is calm or coming apart.
The Big Picture
Your money doesn't live in one asset class. Your research shouldn't either.
Here's what almost no one tells you: the biggest risks and the biggest opportunities don't live inside one asset class.
They live in the connections between them.
- A move in bonds reprices stocks.
- A shift at the Fed moves gold.
- Energy costs bleed into everything.
The people who see those connections coming are positioned before the move.
The people who don't are the ones the move happens to.
Covering only one square of the board isn't caution.
It's a blind spot.
The Macro Letter is built to cover the whole board, because that's where your money actually lives.
Here's the ground every issue works across.
Macro forces
The Fed, liquidity, labor data, energy, AI capex. The structural drivers that move the price of everything, and our thoughts on what they mean for the cost of capital and the value of what you hold.
Cross-asset positioning
How equities, bonds, gold, commodities, and currencies trade through the cycle. The divergences between them are where opportunity hides, and where risk builds before anyone names it.
The tokenization shift
The financial system is being rebuilt on new rails. Tokenized treasuries, real-world assets, on-chain settlement. We track it in real time so you're early instead of surprised.
Positioning across the cycle
How an allocator actually builds and holds a portfolio over years, not weeks. Sizing, patience, asymmetry, and protecting your downside before the cycle turns instead of after.
Founding Member Benefits
We opened the door to you first, on purpose.
The Macro Letter goes public soon.
Before it does, we're letting the people closest to our work in first. Founding members get three things no public subscriber will ever get.
First read, before anyone else…
You start receiving the letter before the public launch. While they're still waiting for their first issue, you're already positioned on my read.
The founding price, locked forever…
Founding members lock a rate below the public price and keep it for as long as they stay. The number goes up the day we open to the public. It never comes back down for you.
A founding-only bonus…
One private bonus, reserved for founding members, gone the moment we go public. Full details below.
What's Included
Here's everything you get the moment you join
Twice-weekly macro letters
Every Monday and Wednesday at 3pm ET. My complete read on the cycle, cross-asset positioning, and where to be looking next.
The full cross-asset lens
Equities, bonds, gold, commodities, currencies, and the tokenization shift. One letter that covers everything you hold instead of one narrow slice.
Three founding-member reports
A complete allocation library delivered the moment you join, ready to read the same day. Full details below.
The Exponential Investor
The 155-page book Tan wrote with co-founder Salim Elhila, yours as a downloadable PDF the moment you join. Full details below.
Private Mastermind session recording
A private Market Intelligence Summit recording, reserved for founding members only.
Founding-member price, locked
Below the public price, locked at the rate you join at and held for as long as you stay a member.
Bonus Research Reports
Plus, you get 3 reports with an estimated value of $200 each
A complete allocation library, built from my experience and research team. Delivered when you join.
REPORT #1
The Allocator's Playbook
The 7 Rules That Separate a $10 Billion Fund From a Retail Investor
The way institutional money makes decisions is nothing like what retail is taught. Seven rules that change how you read every market move from here on. You finish this report thinking like an allocator instead of a spectator.
$200
Free
REPORT #2
Inside Tan Gera's Private Book
How a CFA Charterholder Positions His Own Capital Against Financial Repression
Tan reveals the actual allocation he's running with his own money right now. Sector by sector, position by position. Not a model portfolio, not a hypothetical. What he's holding, at what weight, and specifically why.
$200
Free
.avif)
REPORT #3
The Silent Default Portfolio
7 Assets That Get Richer as the Dollar Gets Poorer
The specific holdings built to hold their value while the currency loses its own. Seven asset classes, why each one belongs, and how to think about owning them for the decade ahead.
$200
Free
Founding Member Exclusives
These Founding Member Bonuses disappear when we open to the public
The Exponential Investor
And one more thing: the book Salim and I wrote… It’s yours. Free.
Free
Founders' Edition
The Exponential Investor
How Any Investor Can Profit From the Five Technologies Reshaping the World Right Now
When you join, you’ll get immediate access to the full 155-page book.
My co-founder Salim Elhila and I wrote it for one kind of person: the investor who has already built real wealth and now wants to protect it from the chaos in the macro environment while positioning for the exponential growth of the next decade.
It's the foundation everything in The Macro Letter is built on, and it's stacked into your founding membership at no extra cost.
Founding Member Pricing
Become a founding member before the price changes
Two ways in. Both include everything above: the letters, all three reports, my book and the founding-member bonus.
Most Popular
Lifetime practically pays for itself before your second renewal. After that, every year is free. This is the lowest price lifetime will likely ever be offered.
Zero Risk To You
Try It Risk-Free For a Full 30 Days
Full refund
Our 30-day, no-questions promise
Join, read the first issues, use all three reports, watch the bonus recording. If The Macro Letter isn't for you within 30 days, email support@decentralizedmasters.com and we'll refund every cent. You keep the reports and bonuses either way. No forms, no phone calls, no questions.
We built the guarantee this way because we'd rather you judge the newsletter on what it actually does for you than on what we promise on a sales page.
- Tan & Salim, Co-Founders