The hottest Finance Substack posts right now

And their main takeaways
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Top Business Topics

What price are you willing to pay?

Kenny’s Sub • 239 implied HN points • 13 May 24
💼 Business Finance
  1. Understanding the effort needed for success can help you avoid disappointment. It's important to know what you're getting into before committing to a new venture.
  2. Trial and error are essential when exploring new hobbies or career paths. Try different things with low commitment to see what fits you best.
  3. Pursuing your goals requires a realistic view of the effort and resources involved. Being aware of what it takes can help you make smarter decisions.

🥇2023 Accolades🥇

PETITION • 707 implied HN points • 09 Jan 24
💼 Business Finance
  1. Kirkland & Ellis LLP dominated the restructuring market in '23 by handling a vast amount of significant company-side chapter 11 filings.
  2. Joshua Sussberg of Kirkland & Ellis LLP emerged as a prominent figure in the restructuring circles, known for his relentless work ethic and deal-making prowess.
  3. Several other firms and professionals received honorable mentions for their notable contributions and achievements in the bankruptcy and restructuring field.

A quick review Xi Jinping's speech on the development of China's financial sector

Ginger River Review • 668 implied HN points • 17 Jan 24
🌍 World Politics Finance
  1. Decision-makers in China realized the importance of not blindly following the West's financial development mode after the 2008 financial crisis.
  2. China is striving to build a strong financial sector based on a combination of economic power, key financial elements, and a focus on preventing financial risks.
  3. Chinese leaders are emphasizing a combination of rule of law and virtue, fostering a unique financial culture, and prioritizing integrity, prudence, innovation, legal compliance, and openness with financial security.

Roche's SBX Sequencer Pricing In May? $1B Revenue?

ASeq Newsletter • 36 implied HN points • 30 Jan 26
💼 Business Finance
  1. New details about Roche's Axelios SBX nanopore sequencer have surfaced and will be of interest to people tracking the platform.
  2. The additional information was disclosed during Roche's full-year results conference call, indicating it came from an official company update.
  3. The deeper write-up on these updates is behind a paywall and targeted at paid subscribers.
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Invisible, yet Invaluable: Valuing Intangibles - The Birkenstock IPO

Musings on Markets • 1139 implied HN points • 06 Oct 23
💼 Business Finance
  1. Intangible assets, like brand names and management quality, are really important for a company's value but are often overlooked in accounting. Companies today get much of their worth from things you can't physically see.
  2. The way we value companies has changed a lot, especially with tech firms now leading the market. Investors need to think about future potential instead of just past performance, especially for newer companies.
  3. Birkenstock's upcoming IPO highlights how a strong brand and a loyal celebrity customer base can boost a company's value. The success of its stocks may depend not just on numbers but also on how the market feels at the moment.

Bitcoin DeFi (Part 1)

DeFi Education • 559 implied HN points • 02 Feb 24
🔮 Crypto Finance
  1. Bitcoin is seen as a strong foundation for decentralized finance because it's secure and valuable.
  2. There is a lot of unused money in Bitcoin, around $800 billion, that could potentially be used in DeFi projects.
  3. While both Bitcoin and Ethereum have good security, Bitcoin might be a better choice for building a safe DeFi system.

The Bear Cave #281

The Bear Cave • 559 implied HN points • 06 Jul 25
💼 Business Finance
  1. Eutelsat Communications is facing challenges as it falls behind competitors like Starlink. A report suggests that its stock might drop significantly due to these problems and high debt.
  2. Several high-level resignations in companies like Krispy Kreme and Children's Place indicate instability in their management. Frequent changes in leadership can raise concerns about a company's performance.
  3. AI is changing the advertising world, making it tougher for agencies to keep up. As businesses turn to AI for creative solutions, traditional ad agencies might see low growth and reduced income.

Philip Morris International: More More More

Invariant • 511 implied HN points • 11 Feb 24
💼 Business Finance
  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.

Problems at Hindenburg Research

The Bear Cave • 1982 implied HN points • 15 Oct 24
💼 Business Finance
  1. Hindenburg Research has been accused of copying or closely mirroring reports made by The Bear Cave without giving credit. This includes similar wording and findings in their investigations.
  2. The Bear Cave has done extensive work on issues such as safety and child abuse on platforms like Roblox, which Hindenburg has also reported on without mentioning The Bear Cave's previous contributions.
  3. There are growing concerns about the ethics of Hindenburg's reporting practices, as many see it as taking credit for others' research without acknowledgment.

Dishoom's $400m Restaurant Playbook

SatPost by Trung Phan • 148 implied HN points • 20 Nov 25
💼 Business Finance
  1. Dishoom's unique marketing strategy involves gamifying the dining experience, like letting customers roll dice for a chance to win a free meal. This adds excitement and encourages more people to visit during peak times.
  2. The restaurant blends rich cultural influences from Bombay's Irani cafés with modern dining, making it a middle ground between casual curry houses and high-end Michelin-star restaurants. This allows Dishoom to appeal to a broad range of customers.
  3. Dishoom's approach to expanding includes maintaining quality and the dining experience as core priorities, showing that focus on customer satisfaction can lead to significant growth in sales and popularity.

Things That Don't Change

DeFi Education • 859 implied HN points • 15 Nov 23
🔮 Crypto Finance
  1. Consumers will always want cheaper, faster, and more accessible financial services. These basic needs won't change over the years.
  2. DeFi allows for innovation without needing a lot of money or big companies. Even small developers can create useful financial tools.
  3. The banking industry is slow to adapt, while DeFi can offer services anytime and anywhere. This gives DeFi a big advantage over traditional banks.

Christmas Week Recap

DeFi Education • 679 implied HN points • 25 Dec 23
🔮 Crypto Finance
  1. The DeFi Education team has been very busy recently with lots of projects. They are working hard to make the most of the many opportunities available.
  2. 2024 is expected to be an extremely active year for the team. They plan to continue pushing forward with their initiatives and projects.
  3. Despite the busy schedule, they are committed to engaging with their audience and providing value through their work.

Some things and ideas: April 2023

Yet Another Value Blog • 1002 implied HN points • 30 Apr 23
💼 Business Finance
  1. The author values sharing other people's work and helping fellow researchers and writers
  2. The author hosts a FinTwit board game night monthly for readers to join and enjoy
  3. The author is a self-proclaimed big nerd who enjoys fantasy books, board games, and MCU

☁️ Amazon: Ads Take the Cake

How They Make Money • 491 implied HN points • 06 Feb 24
💼 Business Finance
  1. Amazon saw a significant increase in free cash flow due to its booming advertising business.
  2. Amazon stands out by reinvesting in growth and innovation instead of returning cash to shareholders.
  3. The company is focusing on Generative AI and its potential revenue impact.

Paramount's math doesn't add up

Simon Owens's Media Newsletter • 449 implied HN points • 23 Jul 25
💼 Business Finance
  1. Bari Weiss is seeking over $200 million for her media startup, but it might not be worth that much due to culture clashes with traditional newsrooms.
  2. Independent podcasters can earn significant money, suggesting that larger companies like Paramount need to better monetize their content, especially on social media.
  3. Generative AI may affect production more than screenwriting in Hollywood, as it struggles with creating good long-form stories.

Bitcoin Hits $120K. The Real Story Isn’t the Price—It’s Who Controls Your Wallet.

Common Sense with Bari Weiss • 500 implied HN points • 14 Jul 25
🔮 Crypto Finance
  1. Congress is about to vote on important crypto laws that could change financial freedom in America. This is a big step for the future of digital currencies.
  2. Bitcoin has transformed how we think about money since its launch in 2009, despite the ups and downs in the crypto world. It offers a sense of financial freedom amidst increasing government control.
  3. The government is now looking to support crypto technology instead of banning it. This is a significant shift from past attitudes towards cryptocurrencies.

What I read this week...

chamathreads • 982 implied HN points • 28 Jul 23
📰 News Finance
  1. TikTok plans to sell made-in-China goods in the US
  2. Elite college admissions data suggests wealth as a qualification
  3. Survey highlights enduring gender differences in American dating

What I read this week...

Chamath Palihapitiya • 982 implied HN points • 15 Sep 23
💼 Business Finance
  1. Byju's allegedly hid $533 million in a Miami IHOP operated hedge fund.
  2. Sam Bankman-Fried's parents reportedly played a part in enabling his crypto empire.
  3. Google's antitrust trial could have significant implications for web browsing.

Can new look Chelsea actually succeed?

Grace on Football • 982 implied HN points • 03 Sep 23
🎾 Sports Finance
  1. Chelsea has undergone a significant squad overhaul with new signings and a new manager.
  2. There are concerns about Chelsea's financial compliance with UEFA's rules and the long-term sustainability of the club's investments.
  3. The success of Chelsea's revamped team depends on the performance and development of young players in a stable environment.

The Bear Cave #280

The Bear Cave • 513 implied HN points • 29 Jun 25
💼 Business Finance
  1. New reports suggest issues at several companies, including financial mismanagement and misleading statements. It's a reminder to research thoroughly before investing.
  2. There have been significant executive resignations at companies like Trex and Lanvin Group. Frequent leadership changes can signal instability in a company.
  3. The SEC is looking into various companies, hinting at potential undisclosed investigations. Keeping an eye on SEC updates could help investors make better decisions.

Top Links 815 Is the US housing market on the brink? How the Houthis import oil. Beating cancer & Chris Clark on the end of modernity.

Chartbook • 414 implied HN points • 31 Jul 25
💼 Business Finance
  1. The US housing market may be facing serious issues. People are curious about whether it could be on the brink of a major change.
  2. There's information on how the Houthis, a group from Yemen, import oil. This sheds light on their operations and impacts on the global oil market.
  3. The topic of beating cancer and discussions on modernity suggest a broader look at health and societal changes. These discussions can help us understand current challenges.

Watching From Afar

Points And Figures • 479 implied HN points • 16 Jul 25
💼 Business Finance
  1. The CME trial highlights how traders and members suffered financially and emotionally when trading shifted to electronic platforms. Many had to sell their memberships and stocks to survive during tough times.
  2. Understanding different types of networks, like open and closed ones, is crucial in business. Closed networks can provide trust and stability, while open networks encourage competition and innovation.
  3. The way exchange boards operate can impact trust and progress. Members may lose confidence if the board lacks expertise or innovation, leading to a disconnect between the exchange's history and its current direction.

Artificial Intelligence: Mastercard’s new Neural Network for enhanced fraud detection

The Fintech Blueprint • 452 implied HN points • 06 Feb 24
🕹 Technology Finance
  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.

Long Take: Growing financial engagement with messaging in Coinbase Wallet, Venmo, and the super apps

The Fintech Blueprint • 904 implied HN points • 18 Jul 23
💼 Business Finance
  1. The intersection of finance and technology has led to innovative ways of mixing attention, commerce, and finance.
  2. Financial services are evolving beyond just being transactional machines to increase user engagement and improve customer retention.
  3. Developing a persistent digital identity for users and emphasizing interoperability and privacy are crucial in the evolving world of Web3.

What we would’ve done differently in the first year of bootstrapping our company

Founders Confidential • 51 HN points • 28 Jul 24
💼 Business Finance
  1. Start content marketing early because it takes a long time to build an audience. This way, you can also learn what your users really need.
  2. Target specific keywords in your SEO content. This helps your articles show up in search results and reach the right audience.
  3. Understand your users' experiences more deeply. Talking to them can give you valuable insights to improve your product.

On Rules and Rulers.

The Future Does Not Fit In The Containers Of The Past • 46 implied HN points • 04 Jan 26
💼 Business Finance
  1. True leadership comes from competence, realism, integrity, empathy, vulnerability and the ability to inspire — it’s about influence, not just a title. Rulers may have formal power but often rely on intimidation, inheritance or fear instead of those leadership behaviors.
  2. People use different internal rulers to measure success (money, family, creativity, peace, etc.), so understanding someone’s incentives helps predict and align behavior. Asking how they define success, how they’re evaluated, and how you can help makes cooperation easier.
  3. A few simple, enduring rules cover most of a good life: sleep and move, spend less than you earn and invest for the long term, find mentors and keep learning, and be grateful and true to your word. The real challenge is doing these consistently.

Inside the SaaS efficiency gap

Kyle Poyar’s Growth Unhinged • 449 implied HN points • 16 Jul 25
💼 Business Finance
  1. Early-stage SaaS startups are getting smaller, now averaging just 7 employees compared to 13 in previous years. They are managing to achieve higher revenue per employee as they focus on efficiency.
  2. Bigger SaaS companies are facing challenges like team bloat and slower growth. Their revenue per employee is decreasing, meaning they need to find ways to improve efficiency.
  3. The trend is shifting toward lean teams that prioritize generalists and AI fluency. Startups are adapting by hiring fewer people who can handle multiple roles and leverage AI effectively.