The hottest Finance Substack posts right now

And their main takeaways
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Show Me The Money

Genuine Impact - Charting Finance, Investing & Tech • 412 implied HN points • 21 Jun 23
💰 Finance Wealth Distribution Market Analysis Investing Cryptocurrencies
  1. The total estimated money on earth is $633.88 trillion, including various forms like physical currency, digital money, stock market, real estate, and commodities.
  2. The wealth distribution is highly skewed, with 69% of the world's wealth being held by just seven countries, showing a significant wealth gap globally.
  3. Top 26 billionaires own more wealth than the poorest 3.8 billion people combined, highlighting the extreme wealth inequality in today's world.

Realistic Retirement Planning

The Better Letter • 412 implied HN points • 07 Apr 23
💰 Finance Retirement planning Investing Financial advice Debt Management Personal Finance
  1. Realistic retirement planning is crucial, especially considering the impact of debt and the average 401(k) balance.
  2. Advice on saving more and saving earlier is important, but should be realistic and consider individual circumstances.
  3. Retirement planning should acknowledge competing priorities and be approached with creativity and understanding, without judgment.

QUANDO LE BANCHE SCHIANTANO

ANDREA CECCHI Newsletter • 412 implied HN points • 24 Sep 23
💰 Finance Banking
  1. When you deposit money in a bank, it's no longer yours but a loan to the bank.
  2. Savings are often stored as euros in banks, accumulated with effort through generations.
  3. It's crucial to understand the implications of leaving money in banks and how it impacts ownership.
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A Tale of Three Housing Bubbles

Taipology • 185 implied HN points • 21 Jul 25
💰 Finance Housing Economics Investment Debt Global Markets
  1. Japan's housing bubble in the 1980s showed how quickly prices can soar, but when it burst, the country faced decades of economic struggles. The banks kept rolling over bad debts, making it hard for healthy businesses to get loans.
  2. In the United States, the housing bubble led to a crisis, but aggressive monetary policies helped stabilize the economy. This also created long-term debt issues, as easy money became a habit, allowing reckless spending.
  3. China is trying to manage its housing bubble differently by avoiding bailouts and redirecting credit to productive industries. While many feel the current pain, this proactive approach aims to prevent a financial crisis like those seen in Japan and the U.S.

26 Stocks I'm Watching For 2026: Part 2

QTR’s Fringe Finance • 33 implied HN points • 24 Dec 25
💰 Finance Equities Macro Commodities Credit Portfolio Crypto Valuation
  1. Concentrated thematic bets paid off in 2025 — nuclear names, gold and silver miners, rare-earths, select EMs, and some high‑beta innovation trades drove big outperformance versus the S&P.
  2. Heading into 2026 there are clear systemic risks: a tapped‑out American consumer and rising delinquencies, stretched valuations (especially around AI capex), a weakening passive bid, crypto becoming systemically embedded, and geopolitical/monetary shifts pushing demand for hard assets.
  3. There are two plausible market paths next year: a liquidity‑driven grind higher if policymakers keep backstopping markets, or a more painful deleveraging as real economic strain reasserts itself; positioning favors international/EM discounts and precious metals as hedges while aiming for relative outperformance.

The Money Market Blindspot: Part I

Concoda • 508 implied HN points • 23 Jan 25
💰 Finance Market Analysis Monetary Policy Debt Management Economic Trends
  1. A funding squeeze is turning into a big increase in cash availability. This change is happening as market conditions ease, but new issues like the debt ceiling are causing uncertainty.
  2. The financial system has a lot less cash than it had in the past, partly because of changes in how money markets operate. There hasn't been serious funding stress recently, which is a good sign.
  3. Another cash surge is expected to hit the banking system soon. As the Treasury reduces its cash cushion, this could lead to more market volatility down the line.

Money Market Update

Concoda • 281 implied HN points • 20 May 25
💰 Finance Market Analysis Investment Strategies Economic Trends Monetary Policy Financial Education
  1. Cash is flowing back into the money markets, leading to calmer conditions. This means there's plenty of cash available, which is a good sign.
  2. The recent panel discussions revealed that issues in the market were influenced by trade tariffs and how they affected different types of financial trades. Understanding these factors can help make better investment decisions.
  3. Despite some panic over the Moody's downgrade, experts believe it's not a big deal and the U.S. Treasuries are still a safe bet. Overall, it's a stable time to consider investing in Treasuries.

Ayahuasca and the Simulacrum

The Dollar Endgame • 359 implied HN points • 03 Nov 23
💰 Finance Economy Markets Central Bank Derivatives Monetary Policy
  1. Jorge Luis Borges' fable "On Exactitude in Science" explores the concept of representation and the consequences of abstractions overtaking reality.
  2. Psychedelics like Ayahuasca can challenge our perceptions by dissolving the ego and blurring boundaries between the self and the external world.
  3. The modern financial system, with its heavy reliance on derivatives, has created a simulacrum that central bankers manipulate, leading to a dangerous dependence on fake money.

All Roads Lead to Inflation

Points And Figures • 746 implied HN points • 28 Oct 24
💰 Finance Inflation Investing Monetary Policy Economic Growth Debt Management
  1. Inflation seems unavoidable and is likely to continue affecting the economy. It doesn't really matter who is in charge politically; the pressure on the markets suggests we're stuck with it.
  2. To manage during inflationary times, investing in commodities and hard assets like real estate may be smart. These investments can help preserve value even when the dollar weakens.
  3. The shift to private markets and sectors like technology and agriculture can offer chances to earn better returns that beat inflation. However, navigating these markets requires skill and good management.

Stoke City Finances 2022/23

The Swiss Ramble • 196 implied HN points • 09 Feb 24
💰 Finance Sports
  1. Stoke City faced financial challenges after relegation from the Premier League, despite being supported by bet365's wealth and receiving parachute payments.
  2. The club showed a significant financial improvement in 2022/23, with revenue flat but finding success in player sales and cost-cutting measures.
  3. Stoke's financial performance, with an £11m loss, was relatively good compared to other clubs in the Championship, ranking as the third best among eight clubs that released financial accounts.

Sezzle Removes Merchants Following The Bear Cave’s Investigation

The Bear Cave • 513 implied HN points • 21 Jan 25
💰 Finance Payment Systems E-commerce Fraud prevention
  1. Sezzle stopped working with several online pharmacies after an investigation revealed they were illegal. This means those pharmacies can no longer process payments using Sezzle.
  2. Many of these online pharmacies sell medications that may not be safe for U.S. consumers. They often have poor regulations and can provide the wrong or dangerous drugs.
  3. By highlighting these issues, the investigation helped prevent fraud and potential harm to consumers. Removing the payment option makes it harder for these illegal pharmacies to reach American buyers.

Net Liquidity

The Dollar Endgame • 299 implied HN points • 05 Dec 23
💰 Finance Market Liquidity Financial system Central Banks
  1. Liquidity is more than just central bank reserves; it's about the available cash for trading financial assets.
  2. Global liquidity, different from traditional money supply measures, is crucial for funding transactions and rolling over debt in financial markets.
  3. Increases in liquidity drive up prices of assets like equities, bonds, and cryptocurrencies as more dollars chase the same investments.

Money Market Update

Concoda • 243 implied HN points • 09 Jun 25
💰 Finance Market Analysis Investment Strategies Economic Trends Bond Market
  1. The money market is currently stable, with dealers holding more U.S. Treasuries. This might lead to more relaxed conditions in the market.
  2. Investors are not as worried about future issues with T-bills as they were during the previous debt ceiling crisis. This suggests a more confident market outlook.
  3. Upcoming auctions of longer-term bonds are expected to attract foreign investors, which could positively impact yields despite fears about rising rates.

Trade Surplus Provided All of Japan’s GDP Growth in 2nd Quarter

Japan Economy Watch • 399 implied HN points • 17 Aug 23
💰 Finance Economy Trade GDP Consumption Investment
  1. Japan's GDP growth in the 2nd quarter was entirely due to the trade surplus, not internal economic factors like consumption or business investment.
  2. Consumption in Japan shrank, and private demand decreased, highlighting the reliance on trade for economic growth.
  3. Real employee compensation in Japan is stagnant and even lower than pre-Covid levels, raising concerns about overall economic health and consumer spending.

Burry Breaks His Silence

QTR’s Fringe Finance • 43 implied HN points • 08 Dec 25
💰 Finance Investing Markets Tech Stocks Valuation Portfolio
  1. Michael Burry has spoken publicly about Palantir, Nvidia, and the AI bubble.
  2. If you own Palantir, Nvidia, AI-heavy ETFs, big-cap tech, or broad index funds, you should spend about ten minutes listening to his interview.
  3. His perspective is seen as important for investors in those stocks and for broader market exposure, so it’s worth paying attention.

Americans' Incomes Are Rising Too Fast for 2% Inflation

The Overshoot • 393 implied HN points • 25 Feb 23
💰 Finance Economics Inflation Income Savings Employment
  1. Americans' incomes have been rising rapidly, with a 10% increase in disposable income since last summer.
  2. This rise in income is leading to concerns about potential inflation, as increased spending may outpace production.
  3. The surge in employment income is a key factor in driving consumer spending and could impact inflation rates.

Fintech: Joe Duran's Rise Growth Partners secures $250MM for minority RIA investments

The Fintech Blueprint • 196 implied HN points • 05 Feb 24
💰 Finance Private Equity Wealth Management Fintech
  1. Joe Duran's Rise Growth Partners secures $250MM for minority RIA investments
  2. Rise Growth Partners focuses on acquiring a 30% stake in RIAs with $1B - $5B in AUM
  3. Competition is fierce in the RIA minority investing space with players like Constellation Wealth Capital and Merchant Investment Management

1st Look at Local Housing Markets in December

CalculatedRisk Newsletter • 23 implied HN points • 07 Jan 26
💰 Finance Real Estate Housing Market Mortgages Local Markets Market Data Inventory
  1. 2025 saw one of the weakest years for existing home sales since 1995 and could be the lowest year on record since then.
  2. Early December data show a small year‑over‑year rise in sales in early‑reporting markets, but new listings fell about 9.6% while active inventory climbed about 12.7%.
  3. Compared with December 2019, new listings and sales are much lower (new listings down about 28%) while inventory is much higher in most areas, and mortgage rates around 6.25% in Oct–Nov likely restrained buyer activity.

Buffer Funds

Market Sentiment • 393 implied HN points • 30 Jul 23
💰 Finance Investing ETFs Market Strategies Risk management
  1. With derivatives, you can create a portfolio that never loses money and still invest in stocks.
  2. Buffer funds offer a way to protect your capital from losses while capping your potential gains.
  3. These strategies were traditionally expensive and complex, but are now more accessible through ETFs.

Nelnet Shows Some Skin

Mindset Value • 393 implied HN points • 09 Mar 23
💰 Finance Investments Valuation Asset management
  1. Nelnet's book value has grown consistently and it has never had a losing year, which is impressive.
  2. Nelnet is undervalued as its book value does not reflect the true value of its businesses and investments.
  3. Nelnet's investments in companies like ALLO, solar energy, and HUDL show potential for significant growth and increased value.

Institutional Investors and Cannabis

Mindset Value • 393 implied HN points • 20 Sep 23
💰 Finance Investing Market Trends Institutional Investors Financial Analysis
  1. Institutional investors have not yet significantly entered the cannabis space, despite recent positive industry developments.
  2. Institutions will focus on understanding unit economics and demanding better disclosure from cannabis companies before investing.
  3. Growth, balance sheet risk, and interstate commerce concerns are some key factors institutions will weigh before entering the cannabis market.