The hottest Investing Substack posts right now

And their main takeaways
Category
Top Finance Topics

Big tech stocks are surging. Why is that bearish?

Jon’s Newsletter • 39 implied HN points • 15 May 23
💰 Finance Investing
  1. Big tech stocks have seen huge gains, primarily driving the rise of the S&P 500 this year. This doesn't mean the overall market is in trouble, though.
  2. Experts believe that the concentration of these tech stocks doesn't affect future market performance significantly, so there’s no need to worry.
  3. Many stocks outside of tech are doing well, and a lot of analysts expect major tech companies to keep rising in value over the next year.

Clouded Judgement 12.5.25 - Monopoly Money

Clouded Judgement • 3 implied HN points • 05 Dec 25
💼 Business Investing
  1. Many employees focus on the current dollar value of equity in startups, ignoring the risks tied to high valuations. This can lead them to miss the potential upsides of their equity in the long run.
  2. Founders face pressure to raise startup valuations to attract talent, but this can create a cycle of high expectations and underperformance. It's risky to inflate valuations without solid business metrics.
  3. Employees considering startups should evaluate their equity as a percentage of the company's potential growth, rather than just its worth at entry. Joining a startup is often about passion and potential, not just salary.

Building Your Board

Build To Scale • 19 implied HN points • 30 Nov 23
💼 Business Investing
  1. Building a strong relationship with your board is crucial and requires trust and honesty.
  2. As a CEO, it's important to have a plan when facing problems to share with the board for input and guidance.
  3. Consider adding independent board members with different skills and experiences to help with strategic decisions and scaling the company.
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Investing Update: 3 Stocks For Year-End

Spilled Coffee • 4 implied HN points • 15 Nov 25
💰 Finance Investing
  1. The stock market had a mixed week, with the Dow and S&P 500 up, but the Nasdaq down. Investors are being more careful with tech stocks due to worries about high prices.
  2. Past government shutdowns didn't hurt the stock market historically, as the S&P 500 rose during a recent shutdown. It shows that shutdowns might not impact stocks as much as people think.
  3. Tech stock performance is shaky right now, with fewer stocks above key moving averages, but the S&P 500 is still close to its all-time high. A good earnings report from Nvidia could help stabilize the market.

The Billion Dollar Revenue Club

next big thing • 145 implied HN points • 13 Jul 23
💼 Business Investing
  1. The Unicorn era is making way for companies that focus on achieving over $1 billion in annual revenue.
  2. Venture funding should prioritize companies with potential to reach over $1 billion in annual revenue, rather than just a high valuation.
  3. The focus on $1+ billion in annual revenue is seen as a healthier and more sustainable goal for companies than chasing a valuation north of $1 billion.

Figma - Benchmarking the S1 Data

Clouded Judgement • 14 implied HN points • 02 Jul 25
💼 Business Investing
  1. Figma is a collaborative platform that helps teams design digital products together. It allows designers, developers, and other team members to work on projects in real-time.
  2. The company has a significant market opportunity, with an estimated total addressable market of $33 billion. This is based on the growing number of people involved in software design.
  3. Figma's subscription model caters to different user needs, offering various plans for individuals and organizations. This flexibility helps attract a wide range of users from freelancers to large companies.

Why Blackrock invested into FTX[Finance Fridays]

Technology Made Simple • 39 implied HN points • 10 Dec 22
💼 Business Investing
  1. Smart money investors may not always thoroughly understand the businesses they invest in, sometimes basing decisions on trends or buzzwords rather than solid research.
  2. Investors like Blackrock may invest in numerous startups, making it feasible for them to overlook losses in some investments if one startup gives a significantly high return.
  3. Investors can get caught up in hype and euphoria, leading them to invest in companies that may not be sound businesses, with the main goal often being a profitable exit rather than the success of the business.

"He had relaxed for one day. And he had lost"

Kvetch • 43 implied HN points • 02 Nov 24
💼 Business Investing
  1. Winning doesn't mean you're safe; you have to keep working to stay ahead. A single misstep can lead to losing everything.
  2. In a competitive environment, confidence can be dangerous. Overestimating your position might let opponents take advantage.
  3. Timing and knowledge are crucial in business deals. A well-timed offer can change the game, just like knowing when to reveal important information in politics.

($) 10-K's and Geopolitics: AMD, Intel, Meta Edition

Interconnected • 92 implied HN points • 04 Feb 24
💼 Business Investing
  1. Geopolitics impacts technology investing due to the tension between deglobalization and generative AI.
  2. Annual reports like 10-K filings provide hard numbers to understand company performance and trends.
  3. Analyzing 10-K filings from companies like AMD, Intel, and Meta can offer insights into global commerce dynamics.

NVIDIA and the Return to Normal

The Last Bear Standing • 152 implied HN points • 26 May 23
💰 Finance Investing
  1. NVIDIA reported smashing earnings and provided exceptional guidance for future growth.
  2. Investors should focus on earnings growth and company trajectory rather than short-term valuation alone.
  3. The market is showing signs of returning to normal with tech earnings rebounding and macro uncertainties persisting.

Investing Update: Has Sentiment Shifted? 

Spilled Coffee • 32 implied HN points • 18 Jan 25
💰 Finance Investing
  1. The stock market had a positive week, with notable gains in the S&P 500, Nasdaq, and Dow indexes. This followed a strong inflation report that boosted investor confidence.
  2. Inflation is still a concern, with recent CPI readings showing slight increases. The new presidential administration will face challenges related to managing this inflation.
  3. Hedge funds performed well in 2024, with many beating the S&P 500's strong return. Personal portfolio gains were significantly high, leading to discussions about future investment strategies.

Sea Limited

Modern Value Investing • 19 implied HN points • 19 Nov 23
💰 Finance Investing
  1. Sea Limited operates in three main segments: Digital Entertainment (Garena), E-commerce (Shopee), and Digital Financial Services (SeaMoney).
  2. Using a sum of the parts valuation approach, Sea Limited is considered undervalued, offering significant upside for long-term investors.
  3. Shopee is a dominant player in Southeast Asia's e-commerce market with a strong localized approach, mobile-first strategy, and a potential future valuation of $91 billion by 2033.

What Does Bill Ackman Want With Universal Music Group?

The Seat of Loss • 5 implied HN points • 20 Oct 25
💼 Business Investing
  1. Bill Ackman is an activist investor who believes in taking an active role to improve the companies he invests in. He aims to unlock value in investments, especially with his significant stake in Universal Music Group.
  2. Ackman's past experience with Herbalife shows how he can mix personal beliefs with investment strategies, often making headlines with his controversial methods. His desire for a strong narrative can overshadow the practical side of investing.
  3. Despite his optimism about UMG's potential, the stock performance has been disappointing since its IPO. Ackman is now trying new strategies and even adjusting his political ties to improve his investment results.

Frontier AI Labs: the Call Option to AGI

East Wind • 14 implied HN points • 11 Jun 25
🕹 Technology Investing
  1. AI development is accelerating quickly, with major investments from companies like OpenAI and DeepSeek. It’s important to consider who will thrive in this space—the big established companies or small innovative labs.
  2. To succeed, AI labs need to find ways to make money beyond just subscriptions and advertising. This includes capturing market share from existing companies and launching innovative services.
  3. There are huge opportunities for AI to replace human jobs and disrupt traditional markets. Companies that can leverage this potential for automating tasks may see significant financial rewards.

3 Trends I'd Never Bet Against: Lyn Alden

QTR’s Fringe Finance • 29 implied HN points • 31 Jan 25
💰 Finance Investing
  1. Energy density is crucial for modern life and continues to power our economies. It supports everything from electricity to agriculture.
  2. High energy use has allowed technology and human population to grow, especially since the discovery of oil in the late 1800s.
  3. Despite renewable energy sources like wind and solar, we still need efficient, high-density energy sources to maintain economic strength and growth.

Nvidia Record High Thoughts

Spilled Coffee • 32 implied HN points • 07 Jan 25
💰 Finance Investing
  1. Nvidia has reached a new all-time high, breaking the $150 barrier recently. This indicates the company's strong performance in early 2025.
  2. The writer remains confident in Nvidia's prospects, indicating a long-term positive view on the stock.
  3. The current stock level prompts reflections on whether to buy more, sell, or adjust their position, highlighting the decision-making process for investors.

Clouded Judgement 7.25.25 - TAMs Lie

Clouded Judgement • 11 implied HN points • 25 Jul 25
💼 Business Investing
  1. Understanding market size through Total Addressable Market (TAM) can be misleading, especially during major industry changes. Old ways of thinking about market value might not apply in new tech like AI.
  2. AI tools are not just for developers anymore; they’re expanding to other fields like marketing and finance, creating new markets and user bases. This shift means that the value of these tools goes beyond just saving time.
  3. Successful companies often start by solving a specific problem, but they can grow to offer much more. Focusing only on the initial market may overlook future opportunities and expansions.

Guide to using Perplexity Labs for financial analysis

The Product Channel By Sid Saladi • 13 implied HN points • 29 Jun 25
💼 Business Investing
  1. Perplexity Labs simplifies financial analysis by automating tasks. Instead of spending hours on spreadsheets, you can get dashboards and reports quickly.
  2. Templates are a huge help when using Perplexity Labs. They provide ready-made structures for various tasks like market analysis and financial reporting, saving you time.
  3. While Perplexity Labs can provide quick insights, it's important to double-check the results. It’s great for broad analysis, but detailed reviews still need a human touch.

An Athenian Odyssey

Net Interest • 13 implied HN points • 20 Jun 25
💰 Finance Investing
  1. Greek banks faced huge challenges after a financial crisis, losing most of their market value and seeing many loans go unpaid.
  2. Despite a tough recovery process, the Greek economy is growing again, and banks are starting to regain investor confidence.
  3. A transformation is underway in Greece, with international banks showing interest in investing, which reflects a healthier banking system.

The Decades-Long View

next big thing • 120 implied HN points • 25 Aug 23
💼 Business Investing
  1. Successful founders and CEOs have the ability to take a decades-long view in building their businesses.
  2. Companies that want to last for decades must earn the right to serve customers and have a sustainable business model.
  3. Founders who take a decades-long view have a strong belief in their work and show an obsession-level commitment.

Introducing Starday

Equal Ventures • 119 implied HN points • 17 Aug 21
💼 Business Investing
  1. The food value chain is undergoing significant changes due to shifts in consumer preferences towards sustainable, healthy, and local products, creating opportunities for new platforms and brands.
  2. Digital-first grocery platforms are empowering consumers to own the value chain and access a wide range of niche, specialty products, leading to a revolution in how food is purchased and consumed.
  3. Launching a strong platform in the food industry that focuses on data-driven optimization and efficient product launches can lead to the creation of multiple successful brands with long-term profitability.

Three Names Worth Updating: Chris DeMuth

QTR’s Fringe Finance • 12 implied HN points • 07 Jul 25
💰 Finance Investing
  1. Great investors often look for value in boring places that others ignore. It's not always about the latest trends or flashy companies.
  2. Consistency and patience are key; buying good assets at a fair price can lead to great results over time.
  3. Sometimes, it's better to seek out decent opportunities at a discount rather than chasing after the next big success. Aim for steady and reliable investments.

Automotive (NXPI, IFX) Optics (FN, COHR), MKSI, MPWR, ACLS, SLAB, RMBS, ARM

Mule’s Musings • 83 implied HN points • 12 Feb 24
💰 Finance Investing
  1. The post discusses the performance of different companies in the automotive and optics sectors, highlighting particular stocks like NXPI, IFX, FN, COHR, MKSI, MPWR, ACLS, SLAB, RMBS, and ARM.
  2. It mentions an observation that automotive stocks are performing poorly while optics stocks are doing well.
  3. There is a note about Rambus having a breather and SLAB putting a bottom in, suggesting potential shifts in their performance.

Heat Check

The Last Bear Standing • 81 implied HN points • 16 Feb 24
💰 Finance Investing
  1. The market has been experiencing significant growth, especially in sectors like Artificial Intelligence and biotech, leading to exponential value increases in certain stocks.
  2. Despite positive economic indicators and accommodative policies, there are some cautionary signals like delays in rate cuts and unexpected inflation data that may impact the stock market.
  3. Investors should remain aware and prepared for the potential scenarios of inflation re-acceleration and its impact on the market.

We don’t want auditors to be good at their job

Klement on Investing • 2 implied HN points • 11 Dec 25
💰 Finance Investing
  1. Corporate accounting scandals recur and auditors are routinely made the public scapegoat, prompting regulatory fixes that don’t stop the next failure.
  2. If auditors actually caught all fraud, investors who lose money would still look for someone else to blame, because many people outsource their own due diligence.
  3. The blame cycle usually expands to regulators and then quiets after reforms, allowing auditors and the system to be gradually exonerated and the pattern to repeat.

The Everything Bubble Suddenly Feels Unstable

QTR’s Fringe Finance • 29 implied HN points • 15 Jan 25
💰 Finance Investing
  1. Investors might need to prepare for tougher conditions in the market. It seems like the Federal Reserve might not be there to support them like before.
  2. The era of easily accessible money may be changing. Investors who relied on quick fixes might find it harder to bounce back from crises.
  3. It's important for investors to rethink their strategies. They may need to adapt to a new reality where traditional safety nets aren't guaranteed.

Secret Diary of a Hedge Fund Allocator

Net Interest • 13 implied HN points • 13 Jun 25
💰 Finance Investing
  1. Hedge funds offer a way for individual investors to access top managers and diversify their investments, but they often come with extra fees that can eat into returns.
  2. The Brevan Howard fund stands out for its ability to manage risk and provide steady returns, even in tough market conditions, making it a reliable choice for investors.
  3. Investing in hedge funds can be a rollercoaster ride with ups and downs, so it's important to learn from both your successes and failures when picking managers.

James Wise: Why We Need More Entrepreneurs

Danielle Newnham • 19 implied HN points • 23 Nov 23
💼 Business Investing
  1. James Wise emphasizes the importance of having more entrepreneurs for the greater good.
  2. Balderton Capital, where James is a Partner, focuses on investing in European startups and has a strong track record.
  3. James Wise prioritizes investing in artificial intelligence, sustainability, health tech, and supports founder wellbeing in entrepreneurship.

The Tipping Point

The Last Bear Standing • 28 implied HN points • 10 Jan 25
💰 Finance Investing
  1. Microsoft is investing in significant capital projects which could impact the market. It's good to pay attention to how this could change things in the future.
  2. Labor market data is mixed; while some numbers seem weak, others show strength. This may indicate a balancing act in the economy.
  3. Inflation and earnings reports coming up are essential to watch. They will likely add more excitement and direction to the market soon.

Entrepreneurship in the World of Investing

Equal Ventures • 39 implied HN points • 06 Oct 22
💼 Business Investing
  1. Persistence and determination are crucial in pursuing your entrepreneurial dreams, even in the face of rejection and doubts.
  2. Collaborating with like-minded peers and building a supportive community can be instrumental in navigating challenges and achieving success.
  3. Innovation and originality are essential in the venture capital industry, and emerging managers play a fundamental role in driving necessary evolution.

VC Recipe

Venture Prose • 199 implied HN points • 13 Oct 20
💼 Business Investing
  1. Success in cooking and venture capital requires time, experience, and the ability to adapt.
  2. Venture capital involves dealing with chaos and uncertainty, but principles and a long-term horizon can guide decisions.
  3. To succeed in venture capital, focus on timing, biases, competition, specialization, and building capacity and capability.

Investing Is Like Riding A Roller Coaster

Spilled Coffee • 32 implied HN points • 18 Dec 24
💰 Finance Investing
  1. Investing can be unpredictable, much like a roller coaster ride. You have to be prepared for ups and downs in the market.
  2. Recent years have felt calm for investors, similar to a lazy river ride, but things can change unexpectedly in the future.
  3. No one really knows what will happen in the market next, so it's important to stay cautious and ready for surprises.