Dylan's Diary · Free every morning

    Independent research for independent investors.

    Dylan Jovine has spent 30+ years finding companies Wall Street overlooks. Get his letter free every morning.

    Free. Unsubscribe anytime. By signing up you accept our Terms of Use and Privacy Policy.

    Today's letter · Oct 27

    Anthropic Has a Pricing ProblemRead it
    Dylan Jovine, Founder & CEO of Behind the Markets

    Why Behind the Markets

    The best opportunities are found where Wall Street isn't looking.

    There are thousands of public companies in America. The financial media talks about the same few hundred. We research the ones it skips, the companies big funds consider too small to bother with.

    30+ years

    Dylan Jovine, Founder & CEO, has spent his career finding overlooked companies.

    7 publications

    From undervalued stocks to mergers, biotech and private companies.

    Free every morning

    Dylan's Diary, written by Dylan himself, in plain English.

    New here?

    Start here

    Step 1

    Read Dylan's free daily letter

    His take on the market every morning, in plain English.

    Step 2 · ★ Bestseller

    Join Behind the Markets

    30-day money-back guarantee.

    See plans

    Step 3

    Go deeper

    Six specialist publications for members who want more.

    Browse publications

    Latest from Dylan

    A letter from Dylan

    All of Dylan's letters

    Dylan's Diary

    October 27, 2026

    Anthropic Has a Pricing Problem

    Dear Reader,

    Anthropic is going public. This is the maker of Claude and the biggest competitor to ChatGPT. I think it’s a great chance to unpack some lessons about competitive strategy that can help you in your own investing.

    Dylan Jovine

    Founder & CEO

    Keep reading

    Earlier letters

    Morning Watchlist

    We Named This Price Three Weeks Ago

    Brazil re-elected Lula and StoneCo fell 35%. EQT’s $13B Range deal and the memory boom round out this morning’s picks: StoneCo, Antero and FormFactor.

    Read article
    See all market updates

    Behind the Markets

    Latest Videos

    Browse more videos

    Investment Research Services

    Our Publications
    Behind the Markets
    ★ Bestseller

    Behind the Markets

    Value · Conservative

    Discover Great Companies Trading at a Discount

    Learn more →
    America First Fortunes

    America First Fortunes

    U.S. companies · Moderate

    Where Patriotism Meets Portfolio Growth

    Learn more →
    Takeover Targets

    Takeover Targets

    Income · Short-term

    Earn Steady Income from Merger-Arbitrage

    Learn more →
    Breakthrough Wealth

    Breakthrough Wealth

    Growth · Long-term

    Above Average Return Opportunities with Micro-Caps

    Learn more →
    Hidden Market Profits

    Hidden Market Profits

    Private companies · Speculative

    Discover the Hottest Private Companies in America

    Learn more →
    Biotech Insider

    Biotech Insider

    Biotech · Long-term growth

    Invest in the Future of Medicine

    Learn more →
    Frontier Investor

    Frontier Investor

    Technology · Long-term growth

    Invest in the Technologies Building Tomorrow

    Learn more →
    Our Tools
    Income Tool

    Portfolio
    Payouts

    Portfolio Payouts shows you how to collect monthly income from the stocks you already own. No new picks. No new money. Just your existing portfolio working harder for you.

    Launch Tool→Free to Try
    Free Newsletter

    Get Dylan's Diary free

    The latest market news, daily updates and videos — straight from Dylan Jovine's desk to your inbox.

    ★ Ready for more? Get Dylan's full research in Behind the Markets. See it here →

    By clicking the "Subscribe" button you are accepting our Terms of Use and Privacy Policy.