The hottest Assets Substack posts right now

The risk-free rate is a crucial factor in financial asset pricing.
If the US defaults on its debt, investors may still flock to US treasuries as safe assets.
Potential US treasury default raises questions about how markets would function.

Schwab's revenue declined 19% in Q4, affecting net interest income and bank deposits.
JP Morgan saw a 10% increase in net revenue in Q4, contrasting sharply with Schwab's decline.
Net new assets for Schwab dropped 48% in Q4, possibly influenced by Robinhood's 1% transfer bonus.

Venture investing can be unstructured with limited data, requiring investors to develop independent conviction in opportunities.
Successful investors use mental models to structure thoughts and make better decisions, developing a unique approach based on a latticework of models.
Leveraging mental models inspired by seasoned investors can significantly impact professional growth and decision-making, creating structure in the chaotic venture environment.

Owning gold can be beneficial during uncertain economic and geopolitical times as well as when interest rates are low - except during liquidity crises.
The relationship between gold prices and the real 10-year yield is important to monitor, as high real interest rates may make holding gold more expensive.
In 2024, the potential scenarios for gold's price include a base case where rates go down, a bullish case with significant rate cuts, and a bearish case with stubborn inflation.

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Don't keep too much cash, invest in different assets for better returns.
Set up an emergency fund in a savings account to be prepared for any unexpected expenses.
Invest for the long term to achieve financial independence, it's safer and more effective than short-term investments.

Intrinsic value is based on an asset's fundamentals like cash flows and risk. It's an estimate of what something is truly worth, independent of market prices.
Only assets expected to generate cash flows have intrinsic values. Things like stocks and bonds have intrinsic values, while collectibles like art don’t really have one.
Many experts focus on pricing based on how similar assets have sold before, rather than true value. This difference is important when valuing businesses or investments.

Investments like gold, fine art, and collectibles don't generate cash flow and are driven by people's perceptions. They can seem appealing during financial crises when people lose faith in traditional assets.
In tough times, many investors turn to tangible assets like gold or collectibles to feel more secure about their investments. These items tend to hold value when other investments decline.
While these assets can serve as a form of insurance in a portfolio, their long-term returns can be low. It's smart to include them for diversity, but they shouldn't be the main focus of your investments.

Capital is concentrating in major crypto assets, with Bitcoin dominance rising and stablecoins and on‑chain derivatives taking a larger share of total market value.
The altcoin universe is narrowing and becoming top‑heavy, as the top 10 altcoins now make up about 82% of altcoin value and fewer tokens remain above $1 billion market cap.
Large‑cap tokens have decisively outperformed mid and small caps since 2023, signaling investors favor more liquid, established assets and that the market is maturing and consolidating.

Financial reporting provides valuable insights for businesses and helps external stakeholders make informed decisions.
The balance sheet is a key financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific time.
In the Lightning Network, node operations are currently 100% equity-based, but in the future, liabilities such as capital borrowing/lending may emerge.