The hottest Finance Substack posts right now

And their main takeaways
Category
Top Business Topics

#50: Leaving money on the table

The Uncertainty Mindset (soon to become tbd) • 59 implied HN points • 14 Oct 20
💼 Business Finance
  1. Being prepared for uncertainty may seem like a waste, but it's actually important. It helps businesses adapt when things go wrong.
  2. Being fair to employees, customers, and suppliers pays off in the long run. If you treat them well, they are more likely to help you in tough times.
  3. Operating responsibly might look inefficient, but it creates flexibility. This flexibility is a valuable resource that businesses can rely on during unpredictable situations.

Lutnick Goes to Washington

Net Interest • 8 implied HN points • 22 Nov 24
💼 Business Finance
  1. Interdealer brokers connect traders without revealing who they are. This helps big companies make deals quietly, without affecting the market price.
  2. Even in a world dominated by technology, many traders still value personal interaction and market insights from human brokers. These brokers can find the best prices and handle complex trades in ways machines can't.
  3. Howard Lutnick's story is compelling, especially given his background and experiences. His role as a leader in interdealer broking may influence his approach as Commerce Secretary.

So You Want to Launch a Hedge Fund?

Net Interest • 32 implied HN points • 14 Apr 23
💼 Business Finance
  1. Launching a hedge fund requires significant seed capital and navigating fee compression.
  2. Running a hedge fund involves challenges like managing business operations and client relations.
  3. Joining a pod shop within a multi-strategy fund can provide advantages in terms of resources and scalability.
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Clouded Judgement 11.14.24 - Market Tipping to Growth

Clouded Judgement • 8 implied HN points • 15 Nov 24
💼 Business Finance
  1. The software market is shifting back to focus on growth after years of prioritizing profitability. Many companies are now showing better free cash flow, which is a good sign.
  2. Recently, market indicators suggest that investors are less focused on profitability and are starting to reward growth again. Companies that adapt will likely benefit.
  3. With advancements in AI and a more favorable economic outlook, companies are increasing their investments in growth. This could lead to a recovery in revenue growth, which many stakeholders are eager to see.

Revisiting Stock Buybacks

Fish Food for Thought • 6 implied HN points • 22 Jan 25
💼 Business Finance
  1. Companies that buy back their stock instead of investing in research and development may reduce innovation. This can lead to fewer new products and a weaker market position in the long run.
  2. Stock buybacks can be a sign that a company thinks its shares are undervalued, but many companies end up overpaying for their own stock. This means that, sometimes, buybacks might not be a good investment.
  3. Critics say buybacks manipulate stock prices and benefit top executives more than long-term investors. Instead of improving the company's health, these practices could hurt its future growth and stability.

Sports Betting Goes Live In North Carolina + Saudi Arabia's $2B Tennis Offer, The Chiefs Threaten To Leave Kansas City, Caitlin Clark's NIL Potential, And More

Huddle Up • 16 implied HN points • 15 Mar 24
🎾 Sports Finance
  1. Saudi Arabia's sovereign wealth fund made a $2 billion offer to merge men's and women's pro tennis tours, signaling its growing interest in sports investments.
  2. The Kansas City Chiefs threatened to leave the city if they don't receive $500 million in taxpayer funds for stadium renovations, showcasing the dynamics of professional sports teams and public financing.
  3. Professional sports teams often leverage relocation threats to secure public funding for stadium projects, even when viable relocation options may be limited.

Quant Letter: February 2024, Week-2

The Parlour • 17 implied HN points • 14 Feb 24
🕹 Technology Finance
  1. Using Autoencoder architectures in Statistical Arbitrage can simplify strategy development and improve returns compared to traditional methods.
  2. A new method, Causal-NECOVaR, provides reliable risk predictions for financial risk analysis regardless of market shocks and systemic changes.
  3. The Merton investment-consumption problem is expanded to incorporate transaction costs and stochastic differential utility in Portfolio Optimization for a better understanding of parameter combinations.

150 Not Out

Net Interest • 25 implied HN points • 07 Jul 23
💼 Business Finance
  1. Net Interest is a successful finance newsletter with impressive growth and subscriber numbers.
  2. Paid newsletters in the finance market have a rich history and potential for revenue generation.
  3. The newsletter industry is growing while institutional investment research is shrinking, showcasing different market trends.

How relative pricing shapes customer choices

A Bit Gamey • 6 implied HN points • 29 Dec 24
💼 Business Finance
  1. The value of a product often relies on how it's compared to other options. If you see a bad choice, it can make the others look better.
  2. Using a three-tier pricing model can influence customer decisions. Setting prices close together can nudge people towards the more expensive option.
  3. It's smart to always have a higher-priced option available. Even if it doesn't sell much, it can make lower-priced options appear more attractive.

Big Changes Are Coming to FIN!

James Ledbetter's FIN • 15 implied HN points • 25 Feb 24
💼 Business Finance
  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.

✅ Monday briefing: #Rexit, pitching BBC producers, streaming woe, recession warning, Insta algo update, TikTok book sales, podcast media databases, and more...

Wadds Inc. newsletter • 19 implied HN points • 25 Apr 22
💼 Business Finance
  1. Over 750 companies have pulled back from operations in Russia, showing a strong response to the situation there. This action goes beyond what is legally required.
  2. Netflix is struggling, losing many subscribers and even shutting down CNN+ after its disappointing launch. Competition in the streaming market is tough right now.
  3. Social media is changing, with Instagram adjusting its algorithm to favor original content and TikTok boosting book sales by getting readers excited about their favorite titles.

How (Not) to Become an Entrepreneur

Lucky Maverick • 2 implied HN points • 16 Jul 25
💼 Business Finance
  1. It's important to keep trying new ideas and to learn from mistakes. If something isn't working, it's okay to quit and focus on what does work.
  2. Combining your skills and interests can lead to unique business ideas. Finding a niche where you can excel makes it easier to stand out.
  3. Building publicly by sharing your work and learning experiences helps attract interest and support. It makes it easier to connect with others who can help you succeed.

What's Going On At Oxford Nanopore?

ASeq Newsletter • 14 implied HN points • 03 Mar 24
💼 Business Finance
  1. Several changes are happening at Oxford Nanopore, such as key members leaving the board and the company facing a possible firing of 1/3rd of the staff if revenue doesn't improve.
  2. The anti-takeover shares are set to expire soon, raising questions about the company's future.
  3. Oxford Nanopore's stock price has hit an all-time low, and their earnings report is expected next week, adding more uncertainty.

[P] HSY: Succession Alternatives

Nongaap Investing • 5 implied HN points • 18 Jan 25
💼 Business Finance
  1. Hershey is considering different options for leadership succession. It's important for companies to have a plan for who will lead them in the future.
  2. The article shares insights on evaluating these succession options at Hershey. Understanding different leadership paths can help the company maintain stability.
  3. Having a clear succession plan can also help reassure investors and employees. It's crucial for the company's ongoing success and growth.

Record Salary Cap Increase Highlights NFL's Best-In-Class Business Model

Huddle Up • 14 implied HN points • 26 Feb 24
🎾 Sports Finance
  1. The record salary cap increase in the NFL for 2024, set at $255.4 million per club, is an unprecedented $30 million rise, driven by a $110 billion media rights package.
  2. The salary cap system in the NFL, introduced in 1993 alongside free agency, benefits owners significantly by controlling costs, setting a profitability floor, and promoting parity across teams.
  3. The NFL's business model, with national media deals and innovative approaches like international games and sports betting, provides a solid foundation for revenue growth, making it a global sport leader.

1 Min to Lunar Landing

Dr. Pippa's Pen & Podcast • 14 implied HN points • 22 Feb 24
🔬 Science Finance
  1. A successful 1st commercial and US lunar landing in 50 years could mark the end of government control of space.
  2. If the lunar landing fails, it may significantly impede private exploration of space.
  3. This event represents a crucial moment in space exploration history with potential far-reaching impacts.

Capital One: Buffett’s Latest Banking Pick

Net Interest • 23 implied HN points • 19 May 23
💼 Business Finance
  1. Warren Buffett bought $1 billion worth of Capital One stock in the first quarter of this year.
  2. Capital One started as a credit card business, then expanded to become a full-fledged bank through innovative pricing strategies and aggressive marketing.
  3. Capital One's performance depends on various factors, including the unemployment rate, which impacts charge-offs on their credit card portfolio.

[P] BL: Accounting for Henshall

Nongaap Investing • 5 implied HN points • 14 Dec 24
💼 Business Finance
  1. BlackLine has a new director known for his skill in mergers and acquisitions. People are curious if he can help the company grow through strategic takeouts.
  2. Nongaap investing focuses on understanding the true value of companies beyond just their financial reports. This approach can give investors a better idea of potential investments.
  3. The content shared is meant for paid subscribers, indicating a focus on delivering exclusive and premium insights.

Capitalism creates inequality: Stone age edition

Klement on Investing • 4 implied HN points • 31 Jan 25
💼 Business Finance
  1. Wealth inequality has existed since ancient times, even as far back as the Stone Age. Early societies had low inequality, but it started to rise around 6,000 years ago.
  2. The invention of farming led to people settling down, which allowed them to store wealth in crops and livestock. This changed how wealth was accumulated and shared among people.
  3. Over time, technology and the growth of states allowed some individuals to amass even more wealth, leading to high levels of inequality that are still seen in many developed countries today.

RON is now available on GCash!

Ronin’s Newsletter • 12 implied HN points • 15 Feb 24
🔮 Crypto Finance
  1. RON cryptocurrency is now available on GCash for buying, selling, and holding.
  2. Filipinos can access RON, AXS, and SLP through GCash, expanding options for crypto trading.
  3. GCash's GCrypto feature offers a convenient way to buy, sell, and hold RON, AXS, and SLP through simple steps in their app.

Clouded Judgement 12.6.24 - Is Software Cheap or Expensive?

Clouded Judgement • 5 implied HN points • 06 Dec 24
💼 Business Finance
  1. Software company valuations can look cheap based on traditional revenue metrics but may seem very expensive when adjusted for growth. It's important to look at both perspectives.
  2. Profitability and free cash flow (FCF) in software companies have improved, offering more support for current valuation multiples. This suggests a more nuanced view of their worth.
  3. Overall market trends show significant variability in valuation based on growth rates. Higher growth companies generally maintain a premium in their valuations compared to low growth ones.

10: On making $40k/month and how to climb the corporate ladder faster than your coworkers

Austin's Analects • 19 implied HN points • 14 Jul 21
💼 Business Finance
  1. Make $40k/month by efficiently working only 4 hours per week. Tim Ferris shared his journey from $40k/yr to $40k/month in his book The 4-Hour Work Week.
  2. To climb the corporate ladder quickly, focus on building strong relationships and acquiring valuable skills. It's not just about what you know, but also about who knows you in the company.
  3. Prioritize community growth by sharing helpful content with friends and colleagues. Engaging with like-minded individuals can enhance personal and professional development.

[P] OLO: Exploring Potential Sale?

Nongaap Investing • 2 implied HN points • 01 Jun 25
💼 Business Finance
  1. OLO might be considering selling itself, which can affect its future. It's important to pay attention to these potential changes.
  2. Rumors about mergers and acquisitions are often common in the business world. Keeping track of these can give insights into the company's direction.
  3. Investing in companies that might be involved in sales or mergers can be risky but potentially rewarding. Always do your research before making any decisions.

Monday briefing #2: marketing optimism, Klopp letter, Indian app ban, new tools...

Wadds Inc. newsletter • 39 implied HN points • 06 Jul 20
💼 Business Finance
  1. Many marketing leaders are feeling hopeful about their business performance in the next couple of years despite the challenges of COVID-19.
  2. The Indian government has banned several Chinese apps to protect its sovereignty, which shows how tech politics can impact users.
  3. New tools are emerging to help with things like writing better headlines and monitoring websites, making it easier for businesses and journalists.

Africa's hidden unicorns: Telco mobile money subsidiaries

Afridigest • 11 implied HN points • 07 Feb 24
💼 Business Finance
  1. Africa has hidden unicorn companies in telco mobile money subsidiaries
  2. Telecom operators are monetizing their mobile money subsidiaries due to increased investor interest in Africa's digital payments sector
  3. Airtel Africa and MTN have successfully sold stakes in their mobile money businesses to unlock value

The Indian Smartphone Revolution: Paytm's Coming of Age IPO!

Musings on Markets • 19 implied HN points • 04 Oct 21
💼 Business Finance
  1. Smartphone usage in India has skyrocketed, making it the second largest market after China. This surge has opened up big opportunities for mobile payments.
  2. Paytm has grown alongside this smartphone boom, expanding its services significantly. Yet, it struggles with making profits while focusing mainly on gaining users.
  3. The company's future success hinges on balancing user growth with revenue generation. Investors should be cautious due to uncertainties around management's ability to pivot towards profit.

2: On getting what you want

Austin's Analects • 19 implied HN points • 19 May 21
💼 Business Finance
  1. Save your work frequently to avoid losing valuable content.
  2. To get what you want, follow steps like figuring out your goals, learning how to achieve them, committing to the steps, and staying focused.
  3. Starting a business doesn't always require reinventing the wheel; focus on in-demand services, learn to perform them, find clients, and provide great service.

Quant Letter: December 2023, Week-2

The Parlour • 12 implied HN points • 13 Dec 23
🕹 Technology Finance
  1. The ML-Quant website has been revamped and is now free for all users to enjoy the newsletter.
  2. Research papers on SSRN cover various topics like volatility modeling, portfolio asset selection, and sentiment analysis using machine learning.
  3. In the field of quantitative finance, there have been recent advancements in areas such as optimal portfolio selection, volatility forecasting, and financial sentiment analysis.

Empowering Innovation: Real-Life Examples

European Straits • 14 implied HN points • 13 Sep 23
💼 Business Finance
  1. Innovation involves doing things differently with an impact, and it only counts when it can be scaled up and make a difference at scale.
  2. There are three types of innovation: efficiency, sustaining, and empowering (or disruptive) innovation, each with different impacts on capital, jobs, and industries.
  3. Empowering innovations like small nuclear reactors, AI, and satellite technology have the potential to reshape industries, but face challenges like capital availability and market readiness.