The hottest Finance Substack posts right now

And their main takeaways
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The Philosophy of Money

We're Gonna Get Those Bastards • 8 implied HN points • 21 Jan 26
💰 Finance Personal Finance Investing Wealth Management Behavioral Finance Risk management
  1. Money is a tool to buy comfort and freedom, and having enough makes small daily worries disappear.
  2. Save and invest consistently with delayed gratification—anyone can build wealth by living below their means and starting early.
  3. Manage risk by hedging against catastrophic losses and being realistic about investing, since preserving capital can be more important than chasing higher returns.

[2025–2026] Week 16: Investing Against the Tide by Anthony Bolton

Behavioral Value Investor • 7 implied HN points • 06 Feb 26
💰 Finance Value investing Investment strategy Portfolio Management Equity Analysis Behavioral Finance
  1. John Neff’s large-cap value approach focused on stable, predictable businesses bought at low P/E ratios, yielding a high batting average, modest winners, small losses, and roughly a 3% annual edge over decades.
  2. This week’s assignment centers on Anthony Bolton’s Investing Against the Tide, with specific questions to map his investment style, link it to his background, and evaluate his best and worst picks.
  3. The seminar is designed to be interactive and practical: participants are asked to submit a single comment with answers, engage with others, and use extra resources like the 10‑Minute Investment Autopsy and the next reading to keep improving.

PacBio @ JPM

ASeq Newsletter • 14 implied HN points • 13 Jan 26
💰 Finance Revenue Profitability Valuation Biotech
  1. Revenue grew only modestly (about 4%), totaling roughly $154M in 2024.
  2. They are burning around $110M a year and have about $280M in cash, giving just over two years of runway.
  3. Becoming profitable by 2027 looks unlikely without further cost cuts, and that target was not addressed in the presentation.
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The Money Market Blindspot: Part II

Concoda • 313 implied HN points • 12 Feb 25
💰 Finance Money Markets Liquidity management Debt Management Federal Reserve Economic Policy
  1. A debt ceiling issue is causing uncertainty in money markets, which could lead to financial instability. This situation means the government is trying to work around limits, but it won't last long.
  2. With the government's checking account set to change drastically soon, we might see a mix of cash coming in from taxes and cash going out from spending. This could make the borrowing costs change a lot.
  3. As the Fed keeps trying to manage its balance, any unexpected spikes in interest rates could disrupt their plans. This means traders should be ready for some unexpected events in the money market.

The Return Of Quantitative Easing

QTR’s Fringe Finance • 23 implied HN points • 22 Dec 25
💰 Finance Monetary Policy Central Banking Interest Rates Inflation Government debt Fiscal policy Financial Markets
  1. The Fed has stopped shrinking its balance sheet and is restarting quantitative easing to keep reserves ample and preserve policy flexibility.
  2. Huge Treasury deficits and political pressure have pushed up demand for reserves, so the Fed is buying assets to ease policy without formally cutting the federal funds rate.
  3. Restarting QE will help lower government borrowing costs and reduce the Fed’s interest bill, but it risks higher inflation and may look like capitulation to political pressure.

Investing Update: What You Only See In A Bull Market

Spilled Coffee • 32 implied HN points • 06 Dec 25
💰 Finance Investing Market Analysis Stock Trends Economic outlook Financial Strategies
  1. The S&P 500 has risen 16.8% this year, with the Nasdaq doing even better at 22.1%. This shows a strong market trend and positive performance in tech stocks.
  2. The health care sector is currently the best-performing sector of the S&P 500 in the last quarter of the year.
  3. December is usually a good month for stocks, with positive gains expected. Many investors anticipate a 'Santa Claus rally' towards the end of the month.

The LIBOR scandal, part 1: background

The Jolly Contrarian • 79 implied HN points • 08 Apr 24
💰 Finance Interest Rates Derivatives Risk management Banking
  1. Banks have structural interest rate risk, which they manage by borrowing at a low rate and lending at a high one.
  2. The LIBOR rate was created as a benchmark for banks to set their interest rates and trade standardized instruments.
  3. Interest rate swaps changed the game by allowing banks to trade interest rates with counterparties, impacting how they managed their structural interest rate risk.

Top Links 626 The coming US labour market shock. Brazil and the bond vigilantes, China and the demand for gold & the triumph of cellular.

Chartbook • 343 implied HN points • 22 Jan 25
💰 Finance Labor Market Immigration Economic Trends Investment
  1. The US labor market is expected to face a significant shock soon. This means there might be big changes in job availability and employment rates.
  2. Brazil is experiencing challenges from bond vigilantes. These are investors who are cautious about government bonds and could influence Brazil's economy.
  3. China is seeing an increased demand for gold. This trend indicates shifts in how people are valuing money and investments in that country.

CoreWeave Is Cracking

QTR’s Fringe Finance • 40 implied HN points • 17 Nov 25
💰 Finance Investing Market Trends Stock Analysis Economic Indicators Corporate Finance
  1. CoreWeave seems to be overly reliant on big companies like Nvidia and Microsoft to survive. This support makes its stability questionable.
  2. There are signs of increasing investor fear as CoreWeave's credit risk levels are rising. This could suggest that people are worried about the company's future.
  3. The company's initial success looks shaky, especially after needing help to get its IPO off the ground. This raises doubts about its long-term viability.

House Prices to Income

CalculatedRisk Newsletter • 47 implied HN points • 04 Nov 25
💰 Finance Housing Income Economics Wages Market Trends
  1. House prices compared to incomes are important to track, but income data often comes out late and can be misleading. It's tricky to decide which income figures to use for accurate comparisons.
  2. The median household income increased to $83,730 in 2024, showing growth from the previous year. This change can affect how we view housing affordability.
  3. Currently, house prices are still high compared to historical averages, which means buying a home might be more expensive than usual. They're not far from the peaks seen during the housing bubble.

Top Links 641 The UK's trade deficit with the US. Low-income growth in the USA. How electrification stalled. "M: son of the century" and "The new us".

Chartbook • 314 implied HN points • 06 Feb 25
💰 Finance Trade Economics Deficits Income Growth
  1. The UK has a unique trade relationship where it imports more from the US than it exports, leading to a trade deficit. This is unusual for a developed country.
  2. Low-income growth in the USA is a significant issue, highlighting economic challenges faced by many. It's affecting overall prosperity and living standards.
  3. Electrification efforts have hit a roadblock, indicating that progress in energy transition is not happening as fast as needed. This could impact future sustainability initiatives.

Cheers to Three Years

The Wolf of Harcourt Street • 299 implied HN points • 05 Oct 23
💰 Finance Investing Stock Market
  1. The newsletter community has grown globally over three years, reaching subscribers in 98 countries.
  2. Challenging perceptions around investing, especially in Ireland, is a key goal of the newsletter.
  3. Emphasizing content quality over quantity has led to increased engagement and growth.

Overview of Portfolio Construction and Risk Management, Part 2 of 2

DeFi Education • 579 implied HN points • 05 Mar 23
💰 Finance Investment Risk management Portfolio Management Financial planning Market Analysis
  1. Portfolio construction requires understanding different frameworks and methods to organize investments effectively. It's important to choose a strategy that fits your financial goals.
  2. Using leverage can be useful in certain situations, but it also increases risk. It's essential to know when it's appropriate to leverage your investments.
  3. Controlling risk with position sizing is crucial for managing your portfolio. By adjusting the size of your investments, you can better protect yourself against losses.

#33 Episode - QSBS 2.0 is Here

Law of VC • 134 implied HN points • 08 Jul 25
💰 Finance Tax policy Venture Capital Investing Small business Economic Growth
  1. The new QSBS rules allow taxpayers to earn up to $15 million tax-free on small business stock if held for just three years instead of five. This makes it easier for investors and founders to cash out sooner.
  2. Companies with gross assets below $75 million can now qualify, up from $50 million. This change helps more young businesses benefit from the QSBS tax advantages.
  3. Investors now have better chances to benefit from tax-free gains as early exits are encouraged. This can lead to more investment and innovation in startups.

Beautifully Opinionated

moontower: a stoner dad explains options trading to his kids • 137 implied HN points • 28 Jan 24
💰 Finance Investing Education Career Business Options
  1. Moontower.ai is gearing up for private demos with professionals before opening the beta to the waitlist.
  2. Hosting financial literacy sessions for kids can be engaging and informative, like a 'Kiyosaki without the brainworms' approach.
  3. Exploring the history and challenges of mean-variance analysis provides insights into investment strategies and decision-making processes.

Data Update 3 for 2023: Interest Rates and Bond Returns

Musings on Markets • 599 implied HN points • 31 Jan 23
💰 Finance Interest Rates Bonds Investment Market Analysis Economic Trends
  1. In 2022, both stocks and treasury bonds saw very bad returns, with treasury bonds performing the worst in historical terms. Investors lost significant money as interest rates rose sharply, which was unexpected for a market often seen as safe.
  2. Interest rates increased due to rising inflation and not just the actions of the Federal Reserve. As inflation went up, so did investor expectations, which led to higher rates across the board.
  3. Corporate bonds were also hit hard, especially lower-rated ones, leading to increased costs for companies. As a result, many companies may struggle to pay back debt, especially if the economy weakens.

Did the debt ceiling deal really save the US from bankruptcy?

Geopolitical Economy Report • 259 implied HN points • 25 Jun 23
💰 Finance Debt Inflation Banking Economy Reserves
  1. The US's debt situation is a small part of the global debt puzzle, with rising interest rates creating challenges not only for the US but also for poorer countries dependent on dollar debt.
  2. The debt deal exacerbates the unproductive nature of debt as it has been used to replace income for individuals and constrain companies from expansion and investment in productive capacity.
  3. The financial system will face challenges including declining value of US treasuries impacting banking system resilience, inflation persisting, and US dollar losing hegemony due to rising debt and market liquidity issues.

Top Links 555 Main St v. Wall St inflation. Poland and France to block Mercosur. Nigeria's demography & de Gaulle's last picture.

Chartbook • 443 implied HN points • 09 Nov 24
💰 Finance Economics Investment Policy Demographics Global Trade
  1. There's a battle between regular people and Wall Street over inflation issues. It's important to understand how this affects everyday life.
  2. Poland and France are planning to block a trade deal with Mercosur. This could impact trade relations in Europe and South America.
  3. Nigeria's growing population is a key topic to watch. It highlights important demographic changes happening today.

The Big Bond Week

Ironsides Macroeconomics 'It's Never Different This Time' • 137 implied HN points • 27 Jan 24
💰 Finance Economy Monetary Policy Investments Bonds Market Analysis
  1. The FOMC meeting and the Treasury's Quarterly Refunding Announcement are key events affecting policy and market reactions.
  2. Investors are closely watching for details on rate cuts, balance sheet reduction, and labor conditions.
  3. The upcoming employment report could impact policy decisions, especially in relation to labor demand and supply.