r/SecurityAnalysis — Letters Wiki adds Education, Playbooks & Case Studies, and Newsletters coverage that Variant skips.
VOL. XCIV, NO. 247
★ FINANCIAL TOOLS & SERVICES DIRECTORY ★
PRICE: 5 CENTS
Tuesday, October 28, 2025
Tool Comparison
r/SecurityAnalysis — Letters Wiki vs Variant comparison
Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.
Quick takeaways
Variant includes Stock Ideas, Market Sentiment, and AI categories that r/SecurityAnalysis — Letters Wiki omits.
r/SecurityAnalysis — Letters Wiki has a free tier, while Variant requires a paid plan.
In depth comparison
r/SecurityAnalysis — Letters Wiki
reddit.com
Community‑maintained directory of investor/fund letters and reports, organized by year/quarter. Publicly viewable; edits limited to approved contributors. Links out to original PDFs/posts on managers’ sites. No data feeds, APIs, or exports—pure research reading list.
Platforms
Web
Pricing
Free
Quick highlights
- Chronological index of letters grouped by year and quarter (2016→present in the wiki).
- Publicly readable wiki page with edit permissions restricted to approved users/moderators.
- ‘Others’ section pointing to classic collections (e.g., Austin Value, Nomad Partnership, Peter Lynch).
- Direct outbound links to the letters on manager sites; useful for primary-source research.
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Variant
variantinsights.com
Invite- and approval-based platform for professional and student investors. Variant combines an AI-powered “Catalyst Finder” with buyside discussions and a predictions marketplace focused on public-company outcomes and earnings sentiment. All content is user-generated (never investment advice), with strict prohibitions against material non-public information. Access is available via professional approval, student programs at select universities, or invite-only flows.
Categories
Platforms
Web
Pricing
Other
Quick highlights
- AI Catalyst Finder scans filings, transcripts, and other documents to surface potential catalysts in public-company situations.
- Buyside discussion area with differentiated views and thousands of investor comments.
- Predictions marketplace where users forecast outcomes and track sentiment on upcoming earnings events.
- Structured prediction markets focused on company-specific outcomes and event-driven scenarios.
- Access models include professional approval-based signup, student signup at partner universities, and invite-only admission.
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Where they differ
r/SecurityAnalysis — Letters Wiki
Distinct strengths include:
- Chronological index of letters grouped by year and quarter (2016→present in the wiki).
- Publicly readable wiki page with edit permissions restricted to approved users/moderators.
- ‘Others’ section pointing to classic collections (e.g., Austin Value, Nomad Partnership, Peter Lynch).
- Direct outbound links to the letters on manager sites; useful for primary-source research.
Variant
Distinct strengths include:
- AI Catalyst Finder scans filings, transcripts, and other documents to surface potential catalysts in public-company situations.
- Buyside discussion area with differentiated views and thousands of investor comments.
- Predictions marketplace where users forecast outcomes and track sentiment on upcoming earnings events.
- Structured prediction markets focused on company-specific outcomes and event-driven scenarios.
Feature-by-feature breakdown
| Attribute | r/SecurityAnalysis — Letters Wiki | Variant |
|---|---|---|
Categories Which research workflows each platform targets | Shared: Forums Unique: Education, Playbooks & Case Studies, Newsletters | Shared: Forums Unique: Stock Ideas, Market Sentiment, AI |
Asset types Supported asset classes and universes | Other | Stocks |
Experience levels Who each product is built for | Beginner, Intermediate, Advanced | Intermediate, Advanced |
Platforms Where you can access the product | Web | Web |
Pricing High-level pricing models | Free | Other |
Key features Core capabilities called out by each vendor | Unique
| Unique
|
Tested Verified by hands-on testing inside Find My Moat | Not yet | Not yet |
Editor pick Featured inside curated shortlists | Standard listing | Standard listing |
Frequently Asked Questions
Which workflows do r/SecurityAnalysis — Letters Wiki and Variant both support?
Both platforms cover Forums workflows, so you can research those use cases in either tool before digging into the feature differences below.
Which tool offers a free plan?
r/SecurityAnalysis — Letters Wiki offers a free entry point, while Variant requires a paid subscription. Review the pricing table to see how the paid tiers compare.
How can you access r/SecurityAnalysis — Letters Wiki and Variant?
Both r/SecurityAnalysis — Letters Wiki and Variant prioritize web or desktop access. Investors wanting a mobile-first workflow may need to rely on responsive web views.
What unique strengths set the two platforms apart?
r/SecurityAnalysis — Letters Wiki differentiates itself with Chronological index of letters grouped by year and quarter (2016→present in the wiki)., Publicly readable wiki page with edit permissions restricted to approved users/moderators., and ‘Others’ section pointing to classic collections (e.g., Austin Value, Nomad Partnership, Peter Lynch)., whereas Variant stands out for AI Catalyst Finder scans filings, transcripts, and other documents to surface potential catalysts in public-company situations., Buyside discussion area with differentiated views and thousands of investor comments., and Predictions marketplace where users forecast outcomes and track sentiment on upcoming earnings events..
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Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.