The hottest Investing Substack posts right now

And their main takeaways
Category
Top Finance Topics

Tech stocks and Treasury yields Spread

Quant Trading Rules • 79 implied HN points • 02 Jun 24
💰 Finance Investing
  1. Peter Thiel emphasizes the importance of future cash flows in valuing technology companies, projecting significant value from profits generated well into the future.
  2. Interest rates, linked to Treasury bond yields, affect stock valuations by altering discount rates for future cash flows, particularly impacting tech stocks with high growth expectations.
  3. Implementing trading strategies based on spreads and RSI signals between tech stocks (like QQQ) and Treasury bonds (like TLT) can show variations in returns, with opportunities for leveraging and rule adjustments to potentially improve performance.

The Best Investing Advice

The Generalist • 760 implied HN points • 23 Dec 24
💰 Finance Investing
  1. Investing is all about finding great companies, not just good deals. Focus on what makes a company truly outstanding.
  2. Diversify not just across different industries, but also over time. Don't rush into investments; think long-term and consider market changes.
  3. Startups should offer something unique that stands out. Instead of competing with existing options, create a choice that reshapes the conversation.

Fending off the Regulatory Barrage

DeFi Education • 559 implied HN points • 01 Sep 23
🔮 Crypto Investing
  1. Grayscale recently won a court case that could lead to the approval of a Bitcoin ETF. This is important because it could help investors get better prices for their Bitcoin investments.
  2. A court ruled that Uniswap, a decentralized exchange, is not responsible for scams involving tokens traded on its platform. This is good news for developers in the DeFi space, as it shows they can’t be held liable for the actions of others.
  3. The SEC has confirmed that some NFTs can be considered securities, as seen in a case where a company settled for not registering its NFT offering. This emphasizes that just because something is digital doesn't mean it escapes regulation.

The Bear Cave #255

The Bear Cave • 676 implied HN points • 05 Jan 25
💰 Finance Investing
  1. Hims & Hers Health could be in trouble if the FDA removes its shortage label on semaglutide, which would stop them from selling compounded versions of the drug.
  2. Recent reports revealed Carvana's questionable dealings related to $800 million in loan sales and a possible SEC investigation, leading to a significant drop in their stock.
  3. There have been several high-profile executive resignations recently, indicating potential instability in companies like Integral Ad Science and Aurora Innovation.

Synthetix

DeFi Education • 379 implied HN points • 01 Dec 23
🔮 Crypto Investing
  1. The content is now more focused on finding new investment opportunities and taking on more risks.
  2. They are producing lots of content quickly, typically three posts a week.
  3. The fast-paced world of crypto means things can change quickly, even between their posts.
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The Bear Cave #256

The Bear Cave • 653 implied HN points • 12 Jan 25
💰 Finance Investing
  1. There are serious concerns about AppLovin's business practices, including alleged money laundering and low-quality apps. Activist reports suggest their recent growth is questionable.
  2. TransMedics Group is facing backlash for alleged unethical practices in organ transportation. Reports indicate they may have refused life-saving procedures due to billing issues.
  3. A number of executives in various companies have resigned recently, showing instability in leadership roles. This includes multiple CFOs and the CEO of Hershey, which may impact company performance.

Good (Bad) Banks, Good (Bad) Investments: An Investing Perspective

Musings on Markets • 819 implied HN points • 07 May 23
💰 Finance Investing
  1. Good banks tend to have stickier deposits, which help them maintain stability. Buying a good bank at a high price might actually lead to losses compared to buying a bad one at a low price.
  2. Valuing banks is tricky because their cash flows and risks are different from other businesses. Instead of using traditional methods, one should often use a dividend discount model or a free cash flow to equity model.
  3. The price of a bank's stock can differ significantly from its actual value. Understanding both the intrinsic value and market price is key to making smart investment decisions.

How Many Investors Should You Talk to in a VC Fund Raise? And How Do You Prioritize? | VC Remote Jobs & More

Venture Curator • 239 implied HN points • 08 Feb 24
💼 Business Investing
  1. Fundraising is a sales & marketing process that needs careful planning and time management with prioritization of top investors.
  2. Founders should focus on engaging investors who show interest, authority to make decisions, and willingness to continue spending time.
  3. Having a balanced approach in engaging top and bottom of the funnel investors, using marketing techniques, and keeping a healthy pipeline is key to successful fundraising.

Second axiom of investing

Buggy Humans in a Messy World • 491 implied HN points • 04 May 23
💰 Finance Investing
  1. Stocks are businesses, and understanding their worth relative to price is crucial for investing.
  2. Shareholders are last in line to get paid, especially in high-leverage sectors like financial services.
  3. Valuation is risky in businesses where shareholders are at the bottom of the payment queue.

Stimulation Theory

Malt Liquidity • 24 implied HN points • 15 Jan 26
💰 Finance Investing
  1. The public internet and algorithm-driven discourse are extremely volatile and risky, producing lots of low-signal, performative conversation that makes maintaining a public profile dangerous.
  2. A better approach is to stop publicly posting trades and performance and instead build a client-focused, scalable wealth management practice that protects proprietary thinking and relies on two-way feedback.
  3. Stimulation theory: aim for an optimal threshold of information so you can make informed decisions without getting fried by toxic constant flow, and build information pipelines that filter signal from noise.

Tether And When Denial Becomes A Dialect

QTR’s Fringe Finance • 63 implied HN points • 28 Nov 25
🔮 Crypto Investing
  1. Companies should always provide a full audit if requested. If they refuse, it's likely because they have something to hide.
  2. Tether's reserves are not as stable as they claim, with high-risk assets like Bitcoin included. If those assets drop in value, Tether may struggle to maintain its worth.
  3. It's important to be skeptical and demand transparency in financial matters. Trusting companies without verification can lead to big losses.

Q2 2025 Update: Equanimity Investing

Interconnected • 231 implied HN points • 20 Jul 25
💰 Finance Investing
  1. Equanimity is important in investing; it's about staying calm and balanced during market ups and downs. This mindset helps investors make clearer decisions despite emotional stress.
  2. Finding the right technology companies to invest in can be tough. Those that are poorly understood or misunderstood offer unique opportunities but require patience and education to explain them to others.
  3. Mistakes are part of the investing journey. Continuously learning and admitting when a strategy doesn’t work is crucial for finding future successful investments.

454: Biggest Bond Crash in 150 Years, Microsoft + Activision, ARM, Wikipedia, Jimmy Buffett, Semiconductors, and Tokyo Digital Twin

Liberty’s Highlights • 471 implied HN points • 16 Oct 23
💰 Finance Investing
  1. The biggest bond market rout in 150 years is happening now.
  2. Once-in-a-century events appear more frequently due to statistical misunderstanding, evolving baselines, and increased detection and reporting.
  3. Statistical probabilities can explain why 'rare' events seem to be happening more often in recent times.

Notorious: Common Mistakes Founders Make

Notorious PLG • 235 implied HN points • 08 Feb 24
💼 Business Investing
  1. Valuable lessons for early-stage founders include focusing on customer needs, finding product-market fit, and maintaining rapid adaptation.
  2. Operating benchmarks for PLG startups include metrics on organic traffic, conversion rates, activation rates, and user retention.
  3. Financial benchmarks from PLG public companies cover EV/NTM revenue multiples, stock gainers, and recent PLG + AI financings.

New Year JPM Thoughts

ASeq Newsletter • 29 implied HN points • 06 Jan 26
💼 Business Investing
  1. Illumina’s clinical business is strengthening while overall revenue is flat-to-down, and the company will likely report modest results without launching new sequencing instruments.
  2. Oxford Nanopore probably won’t surprise before the new CEO starts in March, since recent gains looked driven by financial restructuring and price increases rather than clear instrument growth.
  3. PacBio has made technical progress and landed some population sequencing wins, but recent quarterly declines and doubts about reaching profitability by 2027 make acquisition rumors understandable yet unlikely.

Why Silver Is Going Batshit Crazy Today

QTR’s Fringe Finance • 43 implied HN points • 19 Dec 25
💰 Finance Investing
  1. Silver is spiking wildly today, with an unusually large and sudden move in silver prices.
  2. A market-driven theory is proposed to explain the surge, suggesting this move may be caused by identifiable forces rather than random volatility.
  3. Gold is likely to follow once the silver-to-gold ratio consolidates, so further gold gains could come after that ratio settles.

Spacetech pitch session #2: summary

Space Ambition • 99 implied HN points • 11 May 24
🕹 Technology Investing
  1. The second pitch session for spacetech startups featured six innovative companies presenting to over 30 investors.
  2. One of the startups from the previous session, Xona Space Systems, successfully closed a $19 million funding round.
  3. The next pitch session is planned for September, inviting more startups and investors to participate.

What's Better: AI-enabled services or AI-SaaS?

Enterprise AI Trends • 211 implied HN points • 01 Aug 25
💼 Business Investing
  1. AI-enabled services are all around us, with businesses using AI to automate many tasks. Companies should design their operations to fully leverage AI for better efficiency.
  2. OffDeal shows that there can be more profit in AI-enabled services compared to just selling software. They moved away from SaaS to offer full services and have seen great success because of it.
  3. Starting an AI-enabled service requires careful planning and execution. It's important to find ways to automate efficiently, but as AI becomes more common, the advantage may fade.

Investing Update: Are Tech Stocks Rested & Ready?

Spilled Coffee • 20 implied HN points • 24 Jan 26
💰 Finance Investing
  1. Tariff-driven geopolitical headlines can cause sharp, short-term selloffs, but markets often rebound after clarifications.
  2. A clear sector rotation is underway as leadership shifts in 2026 away from last year’s tech winners toward other sectors.
  3. The main open question is whether big tech is merely resting and will reassert leadership, or if the rotation will continue to keep those stocks sidelined.

Coinbase Q2 2023 Earnings

DeFi Education • 599 implied HN points • 04 Aug 23
🔮 Crypto Investing
  1. Coinbase cut its costs significantly, laying off 30% of its staff, and is focusing on expanding beyond just trading. They want to include features like payments and messaging in their app.
  2. A big challenge for Coinbase is the current regulatory environment in the U.S. The company is actively fighting these regulations to promote the growth of the crypto market.
  3. While Coinbase's trading revenue has dropped, they are making more money from interest on USDC. They have a lot of cash in hand, which helps them stay financially healthy even during tough times.

52 Tiny Venture Lessons

The Generalist • 860 implied HN points • 31 Oct 24
💼 Business Investing
  1. Look for unique people when investing. Different or strange backgrounds often lead to surprising success, so don’t just focus on traditional markers like good grades.
  2. Create your own investing strategy. Trying to copy what others do won't work for you, so find a method that fits your own strengths and experiences.
  3. Help without overstepping. It’s important to support startups when they ask, but don't check in too often or interfere unnecessarily.

Goldileo

Doomberg • 249 implied HN points • 30 Jun 25
💰 Finance Investing
  1. Investing in gold can be a smart choice in the commodities market. It's often seen as a safe investment amid financial uncertainty.
  2. Gold has a vital role in the global financial system. Understanding this role can help you make better investment decisions.
  3. The value and perception of gold may shift over time. Keeping track of these changes is essential for any investor.

Q&A + Requests

DeFi Education • 2238 implied HN points • 07 May 22
🔮 Crypto Investing
  1. The DeFi team is open to answering questions about DeFi, crypto, and markets. You can ask anything you're curious about.
  2. You can also suggest topics or projects that you want the team to cover. This helps them provide content that is valuable to you.
  3. This post is for paid subscribers, so make sure you're signed up to get access to the Q&A and any special requests you might have.

No Fucking Idea: My Take On Markets Into 2026

QTR’s Fringe Finance • 50 implied HN points • 09 Dec 25
💰 Finance Investing
  1. Markets are very uncertain for 2026: either a liquidity-fueled rally lifts prices regardless of weak fundamentals, or a slow-burn downturn hits as consumer debt and delinquencies worsen.
  2. Political pressure on the Fed could lead to premature rate cuts that damage policy credibility, raise inflation expectations, and push markets toward extreme steps like yield-curve control.
  3. Even with macro risk and noisy year-end forecasts, there will be overlooked pockets of opportunity where active hunting for underpriced assets can produce asymmetric upside.

Tax cuts on the way?

Off to Lunch • 255 implied HN points • 23 Jan 24
💼 Business Investing
  1. Possibility of tax cuts as government borrows less than expected
  2. Government benefits from higher VAT and income tax receipts
  3. Public finances could improve with potential tax cuts to boost economy

Solana Update

DeFi Education • 499 implied HN points • 09 Sep 23
🔮 Crypto Investing
  1. Solana is a fast blockchain that can handle 50,000 to 65,000 transactions every second. This high speed makes it suitable for many applications.
  2. MakerDAO, a big player in decentralized finance, is looking into using Solana for its operations. This could bring even more attention to Solana.
  3. Staying informed about updates in DeFi and blockchain technology is important. New developments can create new opportunities and partnerships.

How to Learn Crypto if You're Starting Today

DeFi Education • 1278 implied HN points • 21 Dec 22
🔮 Crypto Investing
  1. Start learning about Bitcoin first. It’s crucial to understand the basics like the Bitcoin whitepaper and how its network works.
  2. Next, dive into Ethereum. This platform allows for smart contracts and is key to many new decentralized applications.
  3. Don't forget about stablecoins. They help connect the crypto world with traditional finance and are growing rapidly, so learning about their types and use cases is important.

The Post Money SAFE Horror Story

Venture Prose • 359 implied HN points • 26 Nov 23
💼 Business Investing
  1. SAFE agreements help define investor equity ownership in startups
  2. Transition from Pre-Money to Post-Money SAFE can impact founder equity significantly
  3. Consecutive Post-Money SAFE agreements can have a larger dilution effect on founder ownership compared to Pre-Money SAFE agreements

Don't Just Survive - Win

DeFi Education • 399 implied HN points • 06 Nov 23
🔮 Crypto Investing
  1. The DeFi Academy offers a structured way to learn about crypto and transform your approach from just surviving to winning in the market.
  2. Timing is essential in the crypto world; those who take action are more likely to succeed than those who hesitate.
  3. There's a limited opportunity to join the DeFi Academy at a discounted price, encouraging quick decision-making for those ready to engage.

Everything is Risk (+Radiant Capital)

DeFi Education • 759 implied HN points • 27 May 23
💼 Business Investing
  1. Risk-taking is essential for growth and success. If you don’t take risks, you might miss out on big opportunities.
  2. Real-life experiences with risk help you learn and get better at decision-making. It’s important to face challenges to achieve greatness.
  3. In sports and investing, the biggest rewards come from taking calculated risks. Embracing these chances can lead to significant achievements.

EQUITY RISK PREMIUM

The MacroTourist • 452 implied HN points • 12 Oct 23
💰 Finance Investing
  1. Recent rise in long-term yields has made bond term premiums more important to investors.
  2. Equity risk premium is a topic that needs attention.
  3. Investors are considering selling stocks and buying bonds.