The hottest Investing Substack posts right now

And their main takeaways
Category
Top Finance Topics

The return of tech stocks.

Jon’s Newsletter • 79 implied HN points • 05 Feb 23
💰 Finance Investing
  1. Tech stocks are making a comeback in 2023, with big gains in the NASDAQ 100 index.
  2. Many tech companies are focusing on cost-cutting and efficiency to improve their performance despite challenges like layoffs.
  3. The excitement around AI, especially with developments like ChatGPT, is driving investor interest and boosting stock prices in the tech sector.

Investors are (still) worried that Big Tech is spending too much (again)

Alex's Personal Blog • 65 implied HN points • 04 Nov 24
💼 Business Investing
  1. Investors are concerned that big tech companies are spending too much on AI. They worry this spending could hurt returns in the future.
  2. Despite the worries, some tech companies, like Microsoft, are showing that AI investments can lead to real revenue growth. This suggests that not all spending is bad.
  3. These concerns are similar to past worries about other tech trends, like NFTs. Investors might be too quick to dismiss the potential benefits of tech advancements.

Going Beyond Buffett

What's Important? • 46 implied HN points • 02 Feb 25
💼 Business Investing
  1. Warren Buffett is aging, and people are wondering who will carry on his legacy. The focus should not only be on who continues his investment success but also on who can embody his wisdom.
  2. The current market is like a fragile ecosystem dominated by familiar players. Instead of just choosing the best investments, we should be looking for more innovative and holistic approaches to business.
  3. To truly thrive in the future, businesses should embrace new, creative thinking that values quality and human experience over just profits. It's about being adaptable and aware, like a hare evading a predator, instead of a predictable stoat.
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Filtering The Idea Funnel

Neckar’s Notes • 213 implied HN points • 08 Jul 23
💼 Business Investing
  1. People with many opportunities make better investments.
  2. Mastering the idea funnel involves source, analyze, observe flow.
  3. Great investors know how to efficiently filter ideas and manage their time effectively.

Enough: The Forgotten Lesson of Ben Graham's Life

Neckar’s Notes • 264 implied HN points • 04 Mar 23
💰 Finance Investing
  1. Ben Graham's success was largely due to his investment in GEICO, not just deep value stocks.
  2. Graham's approach to investing was more focused on teaching basic principles accessible to all, rather than on seeking out the best companies like GEICO.
  3. Buffett, unlike Graham, dedicated himself to the pursuit of amassing wealth through compounding capital, while Graham saw investing as just one of many interests in his life.

Off the top of my head 💭 — Availability bias

10x your mind • 99 implied HN points • 23 Jun 22
🔬 Science Investing
  1. The availability bias influences decision-making by making us rely on easy, quick examples that come to mind, rather than considering a full range of options.
  2. People tend to overestimate their own contributions while underestimating others'. Understanding this bias can help in recognizing and diffusing tension in teamwork.
  3. Personal experiences and media significantly impact the examples that come to mind, affecting our perceptions and decision-making processes. Being aware of this bias is key to making more balanced judgments.

It’s Fed Day; who cares?

Klement on Investing • 1 implied HN point • 28 Jan 26
💰 Finance Investing
  1. A Fed rate decision may have limited impact right now because the chair is a lame duck and shifting US policy (like tariffs) makes the inflation outlook uncertain.
  2. When policy uncertainty is high, companies generally revise their inflation expectations faster and more strongly in response to rate hikes or cuts.
  3. Firms and traders who closely follow central-bank signals tend to anticipate moves and therefore adjust their inflation expectations far less, especially during periods of high uncertainty.

Intel's Terrifying Future

Irrational Analysis • 19 implied HN points • 27 Jan 24
💼 Business Investing
  1. Intel's IDM model faces challenges in managing both chip design and fabrication under one company.
  2. Separating out P&L for design and fabrication units allows for increased accountability within Intel.
  3. Analysts are skeptical about Intel's future success, citing ongoing market share losses and competition from AMD, Nvidia, and others.

Buffett, Draper, & Partners

Jay's Data Stream • 23 implied HN points • 06 Jun 25
💼 Business Investing
  1. Mad Men shows the dark side of success, where the main character struggles with his identity and personal relationships due to his career. It highlights how chasing success can cost us our true selves and loved ones.
  2. Both Warren Buffett and Don Draper show that a drive for success often leads to family neglect. While one character battles addiction, the other realizes too late the emotional distance created by his obsession with work.
  3. Greg Abel, Buffett's successor, represents a new way of balancing work and family life. His choices suggest a shift toward valuing personal connections over pure financial success.

Best Business Thinker?

Bet On It • 135 implied HN points • 14 Feb 24
💼 Business Investing
  1. The post discusses the search for the best business thinker who is intellectually responsible and data literate, with a focus on making money through various mediums like lectures, podcasts, or books.
  2. There is an exploration of finding a voice of reason in the realm of business, investing, finance, and other related fields, seeking individuals who can provide intellectual clarity and resist biases.
  3. The post mentions the question of whether there is a 'LessWrong' equivalent in financial mathematics, business, and career development, pointing out the quest for insightful and reasonable resources in these domains.

Quant Letter: June 2025, Week-3

The Parlour • 21 implied HN points • 19 Jun 25
💰 Finance Investing
  1. A new forecasting method called Bayesian VAR can predict complex time series data accurately by handling multiple variables and irregular data.
  2. Research on electricity markets reveals how hedging can be connected to market power abuse, which helps understand the economic behaviors in these markets.
  3. Recent studies show how machine learning and quantum methods are being applied to optimize trading strategies and predict market fluctuations.

Weekly Summary

Value Investing World • 19 implied HN points • 26 Jan 24
💰 Finance Investing
  1. The Weekly Summary provides links for busy subscribers to catch up on the weekend.
  2. The post includes 3-6 standout links from the week for quick and easy reading.
  3. Readers can access the full post archives with a 7-day free trial.

OSD 300: Open Source Defense Capital

Open Source Defense • 59 implied HN points • 19 Nov 24
💼 Business Investing
  1. Modern tech is changing the civilian defense industry, making it more about community and content creation than just products. Companies are now focusing on building strong organizations and engaging their customers online.
  2. Founders in the civilian defense space face challenges due to a lack of resources and funding, which makes it harder for them to grow. This is different from the tech startup ecosystem, where support is abundant.
  3. To improve gun rights, it's important to create and promote high-quality gun products. Great products can help change laws and build a supportive community around them.

Beware Of When The Smoke Clears

QTR’s Fringe Finance • 21 implied HN points • 23 Jun 25
💰 Finance Investing
  1. Markets might not rise as expected after conflicts cool down, even if it seems logical. It's important to recognize that less news doesn't always mean success.
  2. Investors often think they will benefit when uncertainty decreases, but this could backfire. The reality can be different when the expected clarity arrives.
  3. The idea of a 'peace dividend' might be a trap; selling or getting out could be more common than investment growth after the news settles.

Is $7.2B a lot of money for Squarespace?

Alex's Personal Blog • 65 implied HN points • 17 Oct 24
💼 Business Investing
  1. Squarespace was recently sold for $7.2 billion, which some believe is a lot of money. They managed to increase their sale price by over 5% from a previous offer.
  2. The company showed strong growth, with its revenue growing by 20% year over year, and it has a solid cash position. This performance raises questions about whether they sold themselves too cheaply.
  3. Even though the sale price seems high, Squarespace might have been worth more based on its growth and financial metrics. Some think they could have waited for better market conditions before selling.

Fear of Affordable Housing

Erdmann Housing Tracker • 126 implied HN points • 22 Feb 24
💼 Business Investing
  1. Developers and builders fear the loss in the value of their land investments if political obstructions to construction were lifted.
  2. Rents are unlikely to decline significantly in a whole metropolitan area due to new housing supply - housing demand is inelastic.
  3. Invest carefully in real estate market based on real trends but don't let fears about collapsing rents impact your views on housing justice or macroeconomic trends.

Enduring Value

Steelhead • 19 implied HN points • 17 Jan 24
💼 Business Investing
  1. Raising more private capital pre-IPO shows a weak positive correlation with larger enduring public market cap.
  2. Companies that raise more private capital pre-IPO tend to have slightly higher growth rates post-IPO.
  3. There is a weak/negligible positive correlation between raising more private capital pre-IPO and greater enduring sales efficiency.

China's Evergrande Mess

Diane Francis • 219 implied HN points • 18 Oct 21
💰 Finance Investing
  1. China is facing a big problem with its real estate market because of a crisis involving a company called Evergrande. This company has huge debts of $300 billion.
  2. This situation shows how tough it can be for big countries like China to handle major financial issues. They often manage to turn things around, but this crisis is particularly challenging.
  3. The Evergrande crisis could have serious effects not only for China but also for the global economy if it's not handled well. It's important to keep an eye on how this develops.

One Tech Stock I'm Hell Bent On Avoiding

QTR’s Fringe Finance • 18 implied HN points • 08 Jul 25
💰 Finance Investing
  1. Some tech stocks can quickly increase in value, but that doesn't always mean they are a good investment. It's important to look deeper into the company before jumping in.
  2. Pay attention to any signs that suggest a company may not be trustworthy. If something feels off, it might be best to avoid that stock altogether.
  3. It's also wise to be cautious about the companies that a tech stock does business with, as they can impact its reputation and future success.

Investing Update: Why Are Investors Scared?

Spilled Coffee • 40 implied HN points • 15 Feb 25
💰 Finance Investing
  1. The S&P 500 and Nasdaq recently bounced back, showing positive growth for 2025, with the S&P just shy of an all-time high. This is encouraging for investors looking for potential gains.
  2. Despite the positive market performance, more than 40% of stocks aren't above their 200-day average, indicating some underlying struggles. This is something to keep an eye on.
  3. A historical trend suggests that when the S&P 500 is up over 3% by Valentine's Day, it tends to finish the year strong. This year follows that pattern, creating optimism for many investors.

Spilled Coffee Year In Review

Spilled Coffee • 48 implied HN points • 01 Jan 25
💰 Finance Investing
  1. The most requested content from subscribers was a comprehensive list of newsletters from the past year, which was compiled into one easy post.
  2. The most read piece of the year focused on the reasons to sell stocks, highlighting that concerns about selling are always present in the market.
  3. The year-end review thanks readers for their support and encourages them to look forward to future updates and insights.

3 Stocks I Have My Eye On

Spilled Coffee • 40 implied HN points • 12 Feb 25
💰 Finance Investing
  1. The author is watching three different stocks, each in a unique situation. One stock is doing very well and hitting all-time highs.
  2. Another stock is currently at a multi-year low, indicating it might be a good buying opportunity.
  3. The third stock is slowly recovering from a significant drop and showing signs of improvement, suggesting it could be turning around.

Are Economic Worries Overblown?

Spilled Coffee • 36 implied HN points • 05 Mar 25
💰 Finance Investing
  1. The U.S. stock market is down, with the S&P 500 dropping 6% this year due to economic worries. Many people are feeling uncertain about the economy right now.
  2. Pending home sales in the U.S. have hit an all-time low, even worse than during the 2008 financial crisis and COVID-19. This is a significant sign of trouble in the housing market.
  3. There is a lot of volatility in the financial markets due to government changes and spending cuts, creating questions about whether current market conditions are a good buying opportunity.

Quant Letter: June 2025, Week-1

The Parlour • 21 implied HN points • 04 Jun 25
💰 Finance Investing
  1. New methods are being developed to test asset pricing anomalies, showing that different paths on the same dataset can lead to similar outcomes. This means we need to be cautious about our assumptions in finance.
  2. Deep reinforcement learning is being used to improve risk management in life insurance. This method helps in making better decisions about profits and losses related to different risk factors.
  3. Large language models struggle with accuracy in specialized fields due to lack of specific training data. To improve their performance, fine-tuning techniques are essential.

Investing Update: Hedge Fund Buys & Holdings

Spilled Coffee • 36 implied HN points • 01 Mar 25
💰 Finance Investing
  1. The stock market has seen a decline, with major indices like the S&P 500 and Nasdaq dropping significantly this week. This means investors have lost some of their gains for the year.
  2. Many big-name stocks have dropped more than 20% from their highs, indicating a possible bear market. This trend affects nearly a third of S&P 500 stocks.
  3. Despite recent volatility, it's common after elections, and the overall bull market isn't in danger. Companies are still reporting strong earnings, suggesting a slight pullback is normal.

6 things to know about the stock market.

Jon’s Newsletter • 99 implied HN points • 05 Oct 22
💰 Finance Investing
  1. Bear markets can last a long time, often around 19 months, and stocks need to regain previous highs to be considered out of a bear market.
  2. Stocks usually don't hit their lowest point until interest rates come down, which is expected around April 2023.
  3. It's tricky to predict the right time to buy or sell stocks; missing key market days can hurt your long-term returns, historically reducing gains significantly.

Your Time Horizon

Spilled Coffee • 20 implied HN points • 18 Jun 25
💰 Finance Investing
  1. Everyone has a different time horizon for their investments, which affects their financial decisions. For example, a young person saving for retirement will think long-term differently than someone close to retirement.
  2. Your time horizon influences your risk tolerance and how you should allocate your assets. It's important to know when you will need the money before making investment choices.
  3. When discussing investments with others, keep in mind that their time horizon may differ from yours. This can change how they view investment advice and decisions.

A Beginner's Guide to Crypto: Trials and Tribulations of a Web3 Newbie

The Otonomist • 19 implied HN points • 31 Jan 24
🔮 Crypto Investing
  1. The first step in the crypto world is understanding the difference between centralized and decentralized wallets.
  2. When navigating through buying and trading cryptocurrencies, it's important to be mindful of transaction fees and how they can impact your investments.
  3. Crypto offers opportunities beyond traditional payments, such as swapping coins, investing for profit, and exploring the world of decentralized finance (DeFi).

A pullback in the S&P 500 has likely not finished yet

Global Markets Investor • 19 implied HN points • 08 Jan 24
💰 Finance Investing
  1. The S&P 500 pullback is likely not over yet, with factors like Apple stock's decline and bond yields indicating further decreases.
  2. US bond yields, the US dollar, and the Fear & Greed index suggest that the S&P 500 decline may continue.
  3. Indicators like the percentage of stocks trading above their 50-day moving averages and the VIX levels point towards a possible S&P 500 decline still in progress.

Zomato fails to deliver [Finance Fridays]

Technology Made Simple • 79 implied HN points • 29 Jul 22
💰 Finance Investing
  1. Food delivery business is unprofitable globally despite high fees; Zomato suffered major losses without solid plans.
  2. Zomato's acquisition of Blinkit with a massive cash burn was not beneficial due to lack of established cash flows.
  3. Investors should be cautious of hype; Zomato's crash led to retail investors facing significant losses.