The hottest Investing Substack posts right now

And their main takeaways
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Top Finance Topics

The Battle of Mount Olympus

DeFi Education • 1019 implied HN points • 17 Nov 21
🔮 Crypto Investing
  1. The reward rates for OHM are set to decrease significantly, which could affect how much people want to hold it. If fewer people want to buy OHM, its price might go down, but a slower increase in supply could balance this out.
  2. OHM aims to be a decentralized reserve currency backed by assets, but right now, it’s still uncertain if it can achieve stable pricing. Investors should be cautious because not all projects in this space will succeed.
  3. If you're holding OHM, you have several options: stay staked to earn rewards, consider selling some for profits, or explore other high-yield projects. Your choice should depend on your comfort with risk and your investment goals.

[2025–2026] Week 8: Philip Fisher’s Common Stocks and Uncommon Profits

Behavioral Value Investor • 22 implied HN points • 21 Nov 25
💰 Finance Investing
  1. Graham's investment approach focuses on protecting against losses, studying past performance to make informed future decisions, and finding undervalued securities. He emphasizes a disciplined, quantitative analysis over qualitative factors.
  2. Fisher expands on qualitative analysis and values long-term company strength and stability. He suggests investors should consider both financial numbers and qualitative aspects like brand and competitive advantages when valuing companies.
  3. Modern investing requires a mix of Graham and Fisher's methods. Investors should incorporate risk awareness, long-term thinking, and adaptability to current market trends, especially regarding intangible assets and rapidly changing industries.

Payroll Preview & Return of the Policy Put

Ironsides Macroeconomics 'It's Never Different This Time' • 137 implied HN points • 01 Nov 23
💰 Finance Investing
  1. The Federal Reserve may not raise rates if certain conditions are met, such as softening labor market data or 10-year Treasury rates staying near 5%.
  2. A sustainable rally in the Treasury and equity markets requires a rally in 2-year Treasuries to stabilize the banking system.
  3. To reduce damage to bank balance sheets and profitability, yield curve normalization with a starting point at 4.75% could be beneficial.

The Four Pillars of Venture Investing

Investing 101 • 184 implied HN points • 01 Feb 25
💼 Business Investing
  1. Finding good investment opportunities is all about connecting with the right people and being aware of what’s happening in the market. Investors need to actively search and know their environment well.
  2. Picking the right companies is crucial, and it requires careful evaluation beyond just being excited about a hot trend. It's important to analyze the quality of the business and its team.
  3. Supporting the companies after investing is where the real partnership happens. Investors should provide helpful guidance without getting in the way of founders' decisions.

Investing Update: What Does December Hold?

Spilled Coffee • 20 implied HN points • 29 Nov 25
💰 Finance Investing
  1. The major stock indexes like the S&P 500 and Dow have been doing well, with the Dow seeing its longest gain streak since early 2018.
  2. Despite a recent dip, market sentiment improved as hopes grew that the Federal Reserve might lower interest rates in December, boosting several sectors.
  3. Tech stocks, especially in AI, are struggling, while other areas like healthcare are benefiting as investors look for opportunities outside of high-growth tech.
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Q&A (February 2023)

DeFi Education • 359 implied HN points • 10 Feb 23
🔮 Crypto Investing
  1. The team is busy creating new content for DeFi Education and the academy.
  2. There is a lot of interest in setting up laptops for crypto enthusiasts.
  3. This post is specifically for paid subscribers to engage with Q&A opportunities.

Terra DeFi (Part 2 of 2)

DeFi Education • 739 implied HN points • 23 Apr 22
🔮 Crypto Investing
  1. Terra DeFi is focused on the relationship between LUNA and UST, highlighting the importance of how these tokens interact with each other.
  2. Anchor is a key component of Terra's ecosystem, as it provides stability and attracts demand for LUNA.
  3. The $10 million bet between Do Kwon and the trader GCR shows the extreme speculation and interest in the Terra DeFi space.

The DeFi Roundup (January 21, 2023)

DeFi Education • 379 implied HN points • 22 Jan 23
🔮 Crypto Investing
  1. The major cryptocurrencies had a strong week, showing around a 15% increase. This is good news for those holding these assets.
  2. Ethereum (ETH) is performing well, keeping close to Bitcoin's (BTC) returns. This suggests a healthy market for these leading cryptocurrencies.
  3. For most casual investors, sticking with major coins may provide better returns with less risk compared to trading smaller altcoins.

Investing in Energy

Doomberg • 267 implied HN points • 26 Oct 24
💰 Finance Investing
  1. Energy markets are influenced by fundamental rules that help predict their behavior. Understanding these rules is key to making smart investments.
  2. The energy sector is currently undergoing significant changes. It's important to stay updated on these shifts to find good investment opportunities.
  3. There are four main ways to invest in energy. Each method has different risks and rewards, so it’s crucial to evaluate them carefully before deciding.

Sam Wants Your Coins - Alameda / Voyager Update

DeFi Education • 599 implied HN points • 27 Jul 22
🔮 Crypto Investing
  1. Voyager has a plan to repay customers by giving them back some cryptocurrency, but they also offer the choice to take equity in the new Voyager. This could mean more coins available for others to receive.
  2. Alameda's proposal is to only pay customers the USD value of their cryptocurrency on a specific date, not the actual coins. This is seen by some as potentially unfair if crypto prices change.
  3. There are other interested buyers for Voyager, and rushing a deal could limit the best options for customers. More competition among buyers might lead to better payouts for those affected.

Beating Crypto's Flash Boys

DeFi Education • 919 implied HN points • 25 Dec 21
🔮 Crypto Investing
  1. Crypto markets have their own fast traders, similar to the ones in traditional finance. These traders can take advantage of regular people's transactions, potentially costing them money.
  2. If you've ever swapped tokens or had a loan liquidated, bots might have taken some of your profits. It's important to be aware of these risks when trading in crypto.
  3. As you trade more and increase your balance, the impact of these fast traders can grow. Understanding this can help you protect your investments better.

An Inflation Follow Up: The Disparate Effects on Companies

Musings on Markets • 659 implied HN points • 20 May 22
💰 Finance Investing
  1. Inflation affects companies differently, with some benefiting and others struggling. Investors are on the lookout for companies that can handle high inflation better.
  2. Companies with strong pricing power, low costs, and stable earnings tend to perform better during times of inflation. It's important for these companies to keep debts low and have short-term investment options.
  3. Historical trends show that small-cap and value stocks often outperform in high inflation periods. In 2022, stocks with solid cash flows and dividends have held their value better than riskier, money-losing companies.

How to Analyze an Income Statement

Concepts of Finance 🧠 • 219 implied HN points • 06 Jul 23
💰 Finance Investing
  1. An income statement shows how well a company is doing by detailing its revenue, expenses, and net income over a period. It's important because it helps you understand if a company is making a profit or losing money.
  2. Gross profit margin is a key metric to analyze. It reveals whether the company is profitable on the products it sells, and a stable or rising margin is a good sign.
  3. When reading an income statement, look for trends over time, check revenue directions, and ensure expense categories make sense. This can highlight the company's overall health and performance.

Earnings: Optics(COHR, FN, LITE), Soitec, IFX, SWKS, ONTO, ENTG

Mule’s Musings • 173 implied HN points • 12 Feb 25
💰 Finance Investing
  1. The earnings reports for companies in the optics sector, such as COHR and FN, are being discussed. This means their financial performance is being analyzed.
  2. Soitec, IFX, SWKS, ONTO, and ENTG are also mentioned, indicating they are part of the earnings updates. These companies are likely in the tech or semiconductor industry.
  3. This information is geared towards paid subscribers, suggesting a focus on a niche audience interested in detailed financial insights.

The DeFi Roundup (October 22, 2022)

DeFi Education • 479 implied HN points • 22 Oct 22
🔮 Crypto Investing
  1. Blur is a new NFT marketplace that doesn't charge fees, and it's supported by important players in the industry.
  2. The marketplace has just launched after a long private testing period, hinting at potential popularity.
  3. People are curious about when an audit for this new platform will take place to ensure its security.

The DeFi Roundup (December 10, 2022)

DeFi Education • 419 implied HN points • 11 Dec 22
🔮 Crypto Investing
  1. Legacy media companies want the FTX bankruptcy court to reveal the names of its top clients. They believe this information should be public.
  2. This week, people are discussing the impact of the FTX situation on the DeFi space. There's a lot of concern among investors and market watchers.
  3. It's important to stay updated on events in the DeFi world, as new developments can affect your investment strategies.

Problems at Oddity Tech (ODD)

The Bear Cave • 769 implied HN points • 07 Sep 23
💼 Business Investing
  1. Oddity Tech is a high-growth makeup company with a focus on AI and machine learning.
  2. Oddity Tech's hypergrowth is attributed to its technological edge and innovative solutions.
  3. Critics believe Oddity Tech is more about hype and advertising, rather than substantial innovation.

MREIT Stocking Stuffers

Lewis Enterprises • 98 implied HN points • 22 Dec 23
💰 Finance Investing
  1. A few Mortgage REIT Fixed-to-Float preferreds offer short-term yields
  2. Mortgage REITs mitigate credit risks through hedging but face other risks like funding costs and market volatility
  3. Preferred series of three mortgage REITs will start floating in the first half of 2024

How to think about token prices, emissions, and liquidity

DeFi Education • 539 implied HN points • 30 Aug 22
🔮 Crypto Investing
  1. Market cap is more important than token price. You should look at the total value of all tokens, not just how much one token costs.
  2. Keep track of token emissions and unlock schedules. Knowing when new tokens enter the market can help you predict price changes.
  3. High trading volume is vital for token participation. A token with low volume isn't worth your time because it can be hard to buy or sell without affecting the price.

IPOs Explained

Concepts of Finance 🧠 • 239 implied HN points • 08 Jun 23
💰 Finance Investing
  1. An IPO lets a private company sell shares to the public for the first time, raising capital to grow or pay off debt.
  2. Companies go public for reasons like gaining more visibility, providing liquidity for existing shareholders, and offering stock options to employees.
  3. IPOs can fail if investor interest is low, market conditions are bad, or the company's performance declines after going public.

No LOVE at Maker

DeFi Education • 599 implied HN points • 12 Jul 22
🔮 Crypto Investing
  1. A big loan proposal was approved at MakerDAO, even though some people had serious worries about it. This shows that sometimes, important decisions in finance can happen without enough scrutiny from all members.
  2. The decision-making process at MakerDAO is influenced by a few powerful individuals who hold a lot of MKR, which can lead to unfair practices if not balanced.
  3. There was an experimental group, called the Lending Oversight (LOVE) unit, which raised objections to the loan, but their concerns were overlooked, highlighting a gap in governance within the organization.

Movers, Shakers, & Money Makers #3

Human Capitalist • 59 implied HN points • 25 Mar 24
💼 Business Investing
  1. Several key players have switched jobs, making a big impact in their respective industries. For example, Robby Stein moved to Google to work on enhancing the search experience.
  2. Experts with strong backgrounds in tech and finance are taking on new roles, suggesting interesting innovations might be on the horizon. Ryan Zauk, now at OMERS Ventures, has connections in the fintech scene that could lead to exciting developments.
  3. Companies are bringing in talent to boost their marketing and product strategies. For instance, Liz Abello is now with Liquid Death to help capitalize on their growth in the beverage market.

Avon Protection, turning the corner.

Philoinvestor • 78 implied HN points • 25 Jan 24
💼 Business Investing
  1. Avon Protection faced challenges with its body armour segment, resulting in a strategic review and decision to wind down that business.
  2. Management decided to focus on respiratory and helmets, simplifying the business.
  3. The company's decision to streamline its operations was driven by risks and uncertainties associated with the body armour segment.

Tokenization for Beginners: How to Invest in Real‑World Assets on the Blockchain

The Crypto Journal • 78 implied HN points • 28 Jun 25
🔮 Crypto Investing
  1. Tokenization lets you own a small part of valuable things like real estate or art by turning them into digital tokens. This means you don't need a lot of money to invest in high-value assets.
  2. Before tokenization, only rich people could invest in expensive assets, but now anyone can get in on the action thanks to blockchain technology. It makes investing more accessible to everyone.
  3. To start investing in tokenized assets, choose a platform you trust, understand the risks, and don’t put all your money into one thing. Diversifying your investments is smart.

Risk Capital and Markets: Temporary Pull Back or Long term Retrenchment?

Musings on Markets • 579 implied HN points • 02 Jul 22
💰 Finance Investing
  1. Risk capital is money invested in risky assets, while safety capital is for safer investments. Finding the right balance between these two is important for a healthy economy and market.
  2. Market changes in risk capital can lead to higher risk premiums and impact the pricing of both stocks and bonds. When risk capital is scarce, default spreads increase for riskier investments.
  3. The current market may be facing a long-term pullback in risk capital due to factors like inflation, which can affect stock prices and investors' willingness to take risks.

Links - 01/23/2024

Value Investing World • 78 implied HN points • 24 Jan 24
💰 Finance Investing
  1. Being too early in investing can feel the same as being wrong.
  2. Market collapses can lead to tempting bargains, but also significant losses.
  3. Expert perspectives on future Fed funds rate and ownership changes at Berkshire Hathaway.

The DeFi Roundup (February 11, 2023)

DeFi Education • 339 implied HN points • 12 Feb 23
🔮 Crypto Investing
  1. Local Bitcoins, a popular site for buying Bitcoin, has shut down due to money issues from the ongoing bear market. This shows how tough the current market is for crypto businesses.
  2. People interested in DeFi should keep an eye on weekly updates to stay informed about changes and trends. These updates help in understanding what might happen next in the market.
  3. Engaging with DeFi communities and subscribing for insights can be beneficial for those wanting to learn more. Staying connected can provide valuable information and strategies.

Angels Vs Venture Capitalists

Points And Figures • 266 implied HN points • 25 Oct 24
💼 Business Investing
  1. Angels and venture capitalists have different roles in funding startups. Angels often invest earlier and can take more risks compared to venture capitalists.
  2. Angels should act quickly and be transparent in their decision-making process. This helps entrepreneurs know where they stand and not get left waiting.
  3. Investing in early rounds is usually more beneficial for angels. After a company has grown, it can make more sense for them to find new seed deals rather than invest in larger rounds.

Stockpicker’s Paradise

Net Interest • 13 implied HN points • 12 Dec 25
💰 Finance Investing
  1. Dispersion within the financial sector has returned after years of muted differences, creating the widest gap between top and bottom performers since 2009.
  2. That renewed dispersion is a stockpicker’s paradise: specialist, long/short managers with deep financial knowledge are outperforming generalists and capturing big winners and losers.
  3. Structural shifts like higher rates and the end of the ‘free money’ era, plus divergent performance across banks, payments and asset managers, suggest active, specialized investors may keep finding opportunities into 2026.

Enovix (ENVX) - Anatomy of a Lie (PART 1)

ESG Hound • 866 implied HN points • 05 Jul 23
💰 Finance Investing
  1. Enovix Management has repeatedly misled customers about their manufacturing capabilities and volumes.
  2. Management at Enovix made significant downgrades to their production capacity without updating investors.
  3. ENVX has exhibited a pattern of dishonesty through inaccurate statements to investors and regulatory agencies.

Illumina @ JPM - Sustainable Growth

ASeq Newsletter • 7 implied HN points • 14 Jan 26
💰 Finance Investing
  1. Illumina has shifted its business mix so roughly 60% of revenue now comes from clinical customers.
  2. That clinical pivot is already helping drive a return to revenue growth, with the company reporting growth in Q4.
  3. Even if research sales continue to decline, the scale of clinical growth should be enough to bring overall revenue back into growth based on straightforward calculations.

Nadella's endgame

SuperJoost Playlist • 238 implied HN points • 29 Jun 23
💼 Business Investing
  1. Microsoft under Satya Nadella wants to move away from console exclusives, but market competition dictates otherwise.
  2. Some critics fear Microsoft's acquisition will lead to issues similar to Hollywood, especially in terms of rising consumer prices and lack of options for creatives.
  3. In the gaming industry, the rise of free-to-play multiplayer games is changing the traditional content-selling model, posing new challenges and opportunities.

The Rise and Fall of FeFi (Fake DeFi)

DeFi Education • 579 implied HN points • 10 Jul 22
🔮 Crypto Investing
  1. FeFi, or Fake DeFi, refers to centralized companies pretending to be part of the decentralized finance space. These companies often mismanage assets and can harm the reputation of real decentralized finance.
  2. True DeFi should be fully decentralized, with no central control or custody of funds. It involves transparent and automated processes to protect users' assets and ensure fair enforcement of agreements.
  3. Investors need to be cautious and understand the risks of centralization. A smart contract from a trusted DeFi protocol can offer better safety compared to centralized options, which can leave users vulnerable.

Winning the Lottery

We're Gonna Get Those Bastards • 7 implied HN points • 03 Jan 26
💰 Finance Investing
  1. If you win, stay anonymous and keep it quiet because public winners get inundated with scammers, lawsuits, and people asking for money.
  2. Immediately hire financial, legal, and tax advisors and focus on preserving wealth with conservative investments and real estate instead of buying flashy toys.
  3. Treat lottery tickets as a small entertainment expense or upside exposure (a rule like 0.1% of income), and remember taxes will take a large bite of any big prize.

Protocol Update - Frax Finance

DeFi Education • 459 implied HN points • 14 Oct 22
🔮 Crypto Investing
  1. Frax Finance created a stablecoin called FRAX that is backed by a mix of USDC and other assets.
  2. They have made important updates to their products, which could appeal to users interested in decentralized finance.
  3. The updates are part of an effort to keep users informed about new developments in the Frax ecosystem.

Soft landings in venture

The Down Round • 78 implied HN points • 18 Jan 24
💼 Business Investing
  1. Startups need to focus on building sustainable business models for long-term growth and survival.
  2. Companies with high valuations must navigate carefully to achieve a 'soft landing' without damaging their cap tables.
  3. Entrepreneurs should consider various strategic and financial options, including debt and unconventional fundraising, to ensure business continuity.