The hottest Finance Substack posts right now

And their main takeaways
Category
Top Business Topics
BIG by Matt Stoller • 20397 implied HN points • 14 Feb 24
  1. The oil and gas industry is going through a significant wave of consolidation, with mega-mergers happening between major companies.
  2. The mergers and acquisitions in the industry are driven by challenges in increasing production, high finance strategies, and the desire to showcase access to reserves to investors.
  3. The consolidation will likely lead to squeezed suppliers, reduced innovation, and a shift of industry power from domestic firms to global entities.
Points And Figures • 586 implied HN points • 22 Feb 24
  1. The emphasis on transgender issues has shifted from other social issues due to the potential financial incentives and long-term profit from transgender-related treatments and services.
  2. Businesses analyze customer acquisition costs and cash flows to understand why certain decisions are made regarding transgenderism and abortion, showing that transgender-related treatments offer a more sustainable revenue stream compared to abortion services.
  3. The transgender industry presents a significant financial opportunity, with ongoing cash flows from hormone treatments, surgeries, and other related services, highlighting the motivations behind the push for transgenderism acceptance and coverage by insurance companies.
Daily Chartbook • 183 implied HN points • 24 Feb 24
  1. The Daily Chartbook #388 provides a daily summary of events through 30 charts.
  2. The content is behind a paywall, accessible only to paid subscribers.
  3. Readers can subscribe to access the detailed chartbook or sign in if they are already paid subscribers.
James Ledbetter's FIN • 5 implied HN points • 25 Feb 24
  1. Big changes are happening to FIN, with new editorial leadership and a vision for cross-platform expansion in the fintech industry.
  2. Investors are showing interest in fintech companies like Eigen Labs securing significant funding for innovations like restaking protocols and dub platform for copy trading.
  3. AI-driven fintech and regtech companies like Napier AI are experiencing growth through substantial funding to enhance compliance and security measures.
Mule’s Musings • 237 implied HN points • 22 Feb 24
  1. Nvidia's quarterly results exceeded expectations, with significant revenue growth in the Datacenter segment despite challenges like China's revenue dropping to almost zero.
  2. Nvidia achieved its highest gross margin ever, despite expectations that it would decrease in the future, hinting at potential pricing strategies for new products like B100.
  3. Nvidia is facing supply constraints but anticipates strong demand for upcoming products like B100, suggesting promising revenue growth opportunities and potential bottlenecks in the networking industry.
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Marcus on AI • 2271 implied HN points • 09 Feb 24
  1. Sam Altman's new ambitions involve projects with significant financial and technological implications, such as automating tasks by taking over user devices and seeking trillions of dollars to reshape the business of chips and AI.
  2. There are concerns about the potential consequences and risks of these ambitious projects, including security vulnerabilities, potential misuse of control over user devices, and the massive financial implications.
  3. The field of AI may not be mature enough to handle the challenges presented by these ambitious projects, and there are doubts about the feasibility, safety, and ethical implications of executing these plans.
Chartbook • 829 implied HN points • 15 Feb 24
  1. Moody's downgraded Israel's ratings due to ongoing conflict with Hamas, weakening its institutions and fiscal strength - a first in Israeli history.
  2. Despite the financial toll of the war with Gaza, Israel's debt-to-GDP ratio remains stable, thanks to local currency borrowing and market confidence.
  3. The aid promised by the US to Israel amidst the conflict serves more as a political statement than a financial necessity, relieving pressure on Israel's domestic priorities.
SatPost by Trung Phan • 382 implied HN points • 17 Feb 24
  1. Hermès sells luxury by focusing on craftsmanship, heritage, and long-term thinking, with iconic bags like the Birkin and Kelly embodying these values.
  2. The concept of 'time' is central to Hermès' brand, with leadership emphasizing selling time and creating desire through managed supply and quality craftsmanship.
  3. The history and heritage of luxury brands like Hermès play a significant role in their perceived value, illustrating a strong correlation between brand longevity and luxury status.
Not Boring by Packy McCormick • 130 implied HN points • 20 Feb 24
  1. Venture capital is considered to be the best asset class due to its ability to fund innovation and high potential returns.
  2. Despite its risks and failures, venture capital has historically delivered strong returns and funded groundbreaking ideas.
  3. Venture capital's free lunch concept is the idea that through the failures and successes in investment, society benefits from innovation without direct costs.
Stock Market Nerd • 825 implied HN points • 10 Feb 24
  1. Cloudflare provides web optimization and security, showing strong revenue growth and expanding services beyond traditional security tools like network firewalls
  2. Spotify had a mixed quarter, with growth seen in 2023 but missed revenue estimates for Q4, leading to a focus on evolving its operations
  3. Amazon plans cost cuts in its healthcare unit, while Duolingo faces the risk of potential disruption by emerging GenAI language translation technologies
Grace on Football • 1159 implied HN points • 06 Feb 24
  1. The Glazers' ownership of Manchester United has led to mismanagement on and off the pitch, creating a downward trajectory for the club.
  2. The concept of 'enshittification' can be seen in how tech platforms first cater to users, then prioritize business customers over users, and eventually focus on extracting maximum value for themselves before declining.
  3. Manchester United's shift towards prioritizing commercial success over sporting success has negatively affected the club's growth and standing, leading to concerns about the future of the team.
2nd Smartest Guy in the World • 4658 implied HN points • 15 Jan 24
  1. Vivek Ramaswamy made millions from biotech companies that failed, leading to accusations of running a Ponzi Scheme.
  2. Ramaswamy has been critiquing corporations engaging in what he calls 'socially conscious investing' as a threat to America's well-being.
  3. Despite accusations and controversies, Ramaswamy's net worth has been estimated to be over $950 million, raising questions about his business practices.
Net Interest • 25 implied HN points • 23 Feb 24
  1. Network effects are a powerful competitive advantage that can drive exponential growth.
  2. Overcoming the cold-start problem is crucial for new platforms to gain traction and reach a tipping point where growth becomes self-sustaining.
  3. Building a network requires strategic partnerships, operational efficiency, and continuous innovation to maintain and expand its reach and impact.
All-Source Intelligence Fusion • 338 implied HN points • 15 Feb 24
  1. Orbital Insight CEO Kevin O'Brien moved to the cryptocurrency surveillance firm Chainalysis, leaving behind the collapse and financial struggles of Orbital.
  2. Orbital Insight faced challenges leading to financial decline, including defaulting on rent, a nonfunctional main phone line, and failed attempts at a merger with Privateer Space.
  3. Despite substantial funding and strategic partnerships, Orbital's downfall was partially attributed to market changes, such as Apple's privacy measures affecting their commercial data analysis business.
How They Make Money • 727 implied HN points • 09 Feb 24
  1. Meta (META) reported strong Q4 FY23 performance with a 5X return from November 2022 lows, focusing on Metaverse investments and cash returns to shareholders.
  2. Key points from Meta's 'Playbook' include massive compute investment, open-source strategy, future-focused research on AI, data utilization, and an experimentation culture.
  3. In Q4 FY23, Meta saw growth in user metrics and revenue, with an increase in average revenue per user, surpassing competitors like Snap and Pinterest in ARPU.
Invariant • 511 implied HN points • 11 Feb 24
  1. Philip Morris International is focusing more on next-gen products like IQOS and its heated tobacco units, with efforts to transition users from traditional cigarettes - showing promise for future growth.
  2. Despite some challenges like higher costs and FX pressures, PMI is maintaining its position in the market by introducing innovative products and investing in its portfolio.
  3. ZYN, another product spreading rapidly, faces questions about its popularity among underaged consumers, but it still shows strong growth due to being a preferred choice over competitors.
Huddle Up • 16 implied HN points • 23 Feb 24
  1. EA Sports is paying college football players $600 to use their name, image, and likeness in the new video game, sparking debate over the adequacy of the compensation compared to NFL players.
  2. Amazon secured rights to stream an exclusive NFL playoff game by paying a hefty $150 million, highlighting the competitive landscape for sports broadcasting among tech giants.
  3. Apple is making strides in the sports industry with its new Sports app, underlining the company's expansion into the realm of sports entertainment beyond its traditional tech offerings.
Invariant • 648 implied HN points • 04 Feb 24
  1. Altria faces challenges in the e-vapor market and criticism for its product development efforts.
  2. The company is focusing on premiumization and maintaining profitability in its smokeable products segment.
  3. Altria's financial health, with strong leverage and cash flow, allows it to return capital to shareholders and navigate market challenges.
Elena's Growth Scoop • 904 implied HN points • 29 Jan 24
  1. The growth teams face systematic failures in the industry due to various issues like unclear growth fundamentals and bad strategic decisions from executives.
  2. Symptoms of a bad growth team include not focusing on monetization, neglecting retention, and obsessing over 'hacks' instead of building sustainable growth engines.
  3. To build a successful growth team, companies need to prioritize monetization, retention, and data-driven decision-making, and ensure alignment between departments for optimal results.
Where's Your Ed At • 13056 implied HN points • 26 Oct 23
  1. Elon Musk is perceived as a modern-day hustler, skilled at manipulating media and markets without creating tangible value.
  2. Musk's success lies in picking companies and products that promise eternal growth, even if the reality doesn't align with the hype.
  3. The acquisitions of SolarCity, Twitter, and the Cybertruck showcase Musk playing outside the odds, relying on emotion, and making risky bets.
The Fintech Blueprint • 452 implied HN points • 06 Feb 24
  1. Annual card fraud exceeds $33B, with digital wallets, credit, and debit cards projected to handle 86% of global POS payments by 2026.
  2. Mastercard introduced a new AI model, Digital Intelligence Pro, to improve fraud detection by using a proprietary recurrent neural network.
  3. Digital Intelligence Pro aims to reduce false positive fraud flags, leading to better fraud detection rates, potential savings of $90B yearly for merchants, and improved customer experiences.
Where's Your Ed At • 21068 implied HN points • 13 Sep 23
  1. Elon Musk has significant influence due to his wealth and power, and his actions can negatively impact global events.
  2. Musk's decisions, personal beliefs, and interactions with authoritarian regimes raise concerns about his potential misuse of power.
  3. Coverage of Musk should shift to recognize him as a harmful actor who prioritizes his desires over societal well-being.
Erick Erickson's Confessions of a Political Junkie • 786 implied HN points • 29 Jan 24
  1. Iranian proxy militias launched a drone strike against a US outpost in Jordan, resulting in casualties.
  2. Israeli government confirms that UN workers helped Hamas invade Israel in October 7th attack.
  3. Remote workers faced higher layoff rates in 2023 compared to office workers.
The Future, Now and Then • 131 implied HN points • 15 Feb 24
  1. Paul Graham's 2004 essay showcases Silicon Valley culture before the emergence of techbros.
  2. The cultural shift in Silicon Valley was influenced by migration waves from the financial industry in the 90s and after the 2008 global financial crisis.
  3. Tech culture has evolved to value charisma and charm over traditional intelligence, as seen in YCombinator's focus on popularity and connections.