The hottest Investing Substack posts right now

And their main takeaways
Category
Top Finance Topics
Doomberg 5270 implied HN points 17 Mar 24
  1. In the stock market, rapid swings in market value can be astonishing, such as Nvidia's $270 billion intraday swing – highlighting the unpredictable nature of markets.
  2. Rampant speculation in assets like Bitcoin can be a sign of impending currency devaluation, drawing parallels to historical financial crises like the Weimar Hyperinflation.
  3. Michael Saylor's aggressive strategy of leveraging debt to buy Bitcoin with MicroStrategy serves as a unique case study of riding high in the volatile crypto market, showcasing the power of 'pumpamentals.'
Yet Another Value Blog 2103 implied HN points 10 Jan 24
  1. The rental car companies Avis and Hertz are trading at extremely low multiples compared to their earnings.
  2. Investors have concerns about the sustainability of the earnings of rental car companies due to potential overearning from increased rental prices and undervaluation of depreciation from high used car prices.
  3. Despite the record earnings of rental car companies, there are serious bear cases to consider, such as inflated earnings potentially dropping significantly in the future.
Spilled Coffee 48 implied HN points 01 Feb 25
  1. January showed positive trends for the Dow, indicating a potentially good year for the market. The Dow was up 4.7%, a promising start compared to the other indexes.
  2. Many S&P 500 stocks are reaching new highs, suggesting a strong market performance. This is the highest level since last November, which could be a positive sign.
  3. Investors are shifting money into U.S. equities, with noticeable inflows in financials and consumer cyclical sectors. This trend indicates growing confidence in these areas.
Snowball 1886 implied HN points 21 Jan 24
  1. Taiwan Semiconductor (TSMC) is a major tech company that manufactures chips for various devices.
  2. Experts and global leaders predict risks that could cause crises in 2024 like environmental issues and technology advancements.
  3. The internet's evolution to omnipresence due to smartphones raises questions about implications and opportunities.
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The VC Corner 539 implied HN points 01 Jun 24
  1. Valuing a startup is important but tricky since they often lack stable revenue. Founders and investors need to understand different methods to figure out a fair value.
  2. A successful valuation mixes both subjective and objective measures. This means looking at non-financial aspects like the team and market potential, as well as using data-driven methods.
  3. Two common methods for valuing startups are the Discounted Cash Flow (DCF) Method and Comparable Analysis. Both have their own steps and challenges, but they help paint a complete picture of the startup's worth.
Snowball 1965 implied HN points 14 Jan 24
  1. Investing in a Monaco monopoly like SBM can be interesting due to its history and unique position.
  2. The French government agency SISSE has the power to block international investors; exploring its role can be informative.
  3. The SEC's approval of Bitcoin ETFs marked a significant moment, raising questions about the future of decentralized finance and traditional finance.
DeFi Education 1398 implied HN points 28 Feb 24
  1. Ethereum is becoming popular because it offers ways to earn returns, like staking, and has a strong ecosystem for different financial activities. This makes it attractive to big investors.
  2. There are signs that more institutional money will flow into crypto, particularly through products like ETFs, which could drive up the value of Ethereum even more.
  3. Many Ethereum holders are likely to keep their investments locked up in various platforms, reducing the amount available for sale. This could lead to price increases as demand grows.
Klement on Investing 1 implied HN point 18 Feb 25
  1. Private equity and venture capital can bounce back from economic shocks over time. If you hold these investments long enough, you are likely to recover any losses.
  2. Shocks in stock and bond markets can affect private equity returns more than investors might think. During a crisis, the reactions are often quick and correlated with these markets.
  3. Despite their resilience, private equity is not totally safe. Investors should expect some volatility during tough economic times, but patience can lead to better long-term returns.
QTR’s Fringe Finance 14 implied HN points 12 Feb 25
  1. Gold prices hit a new record, surpassing $2,900 per ounce, largely due to economic uncertainty and concerns about inflation. This has made gold an attractive option for many investors.
  2. Trade tensions between the US and China, along with tariffs on steel and aluminum, have pushed global capital towards gold as a safe investment. Countries like China are also building their gold reserves, which supports higher prices.
  3. Despite rising interest rates normally being bad for gold, the current economic landscape and investor fears about inflation are keeping demand strong. Many people see gold as a way to protect their wealth in uncertain times.
Compounding Quality 1690 implied HN points 28 Jan 24
  1. FAANG stocks (Facebook, Amazon, Apple, Netflix, Google) have shown impressive performance, but sustainability is a key consideration
  2. Facebook (Meta Platforms) has a massive user base, over 3.96 billion monthly active users
  3. Companies like Apple, Netflix, and Google have interesting founding stories and have evolved significantly over time
Malt Liquidity 12 implied HN points 14 Feb 25
  1. Finding purpose and fulfillment can be hard, especially when success feels empty. It's important to keep moving and searching for what truly matters in life.
  2. Recognizing our intellectual heroes, like John von Neumann, can inspire us, but it’s also crucial to understand that not everyone's contributions are widely acknowledged.
  3. The changing perception of careers and value in society can lead to a more significant transformation. Future views on work, retirement, and success may look very different.
Klement on Investing 4 implied HN points 13 Feb 25
  1. Index funds have caused a big shift in the stock market, making large companies perform better than smaller ones. This is mainly because more money flows into these large companies due to index tracking.
  2. The growth of index fund ownership in large-cap stocks has increased significantly over the years, while small-cap stocks have seen almost no indexing. This means small companies are getting less attention and investment.
  3. If the flow of money into index funds decreases or investors start pulling money out, the highly indexed large-cap stocks could actually perform worse. This creates a risk bubble that could burst for larger companies.
Five Links (and three graphs) by Auren Hoffman 56 implied HN points 13 Jan 25
  1. A group of twelve people made predictions about 2025 and placed bets on the outcomes. This makes it fun and competitive to see who can guess the future better.
  2. Last year's predictions didn't go well overall, with only a few being correct. It shows that forecasting the future can be really tricky.
  3. This year, they have some bold predictions about events in politics, the economy, and culture. Some predictions sound far-fetched, but others seem more likely.
Mule’s Musings 417 implied HN points 20 Oct 24
  1. ASML's recent earnings revealed a drop in orders and concerns about future growth, particularly due to challenges in their Chinese market and demand from major clients like Samsung and Intel.
  2. TSMC reported strong earnings with high demand for AI-related products and plans for significant capital investment, showing confidence in their growth despite market fears.
  3. The semiconductor industry is facing a shift, with lithography spending likely slowing down, but both ASML and TSMC are positioned to adapt to these changes for future growth.
Arpitrage 339 implied HN points 04 Nov 24
  1. Large institutional investors are entering the single-family rental market, which affects housing affordability. They often buy homes in high-demand areas, leading to concerns about rising house prices.
  2. These big investors have cost advantages over small landlords. They can charge lower rents due to better management and bargaining power, which can help some renters find affordable housing.
  3. The overall impact of these investors on home prices is mixed. While they might push prices up in certain markets, their presence can also increase rental availability, benefiting some renters despite potential price hikes.
Behavioral Value Investor 282 implied HN points 26 Nov 24
  1. The author took a break from writing because it felt too scheduled and stressful, but now plans to write when inspired instead. This way, they can share better insights without pressure.
  2. There's a lot of strange behavior in today's markets, like people paying an outrageous amount for a banana or a company being valued more than its actual Bitcoin holdings. It shows how market psychology can be very irrational.
  3. Many financial indicators are warning signs of problems ahead, but people often ignore them because the current trends seem to last. It’s important to recognize these warnings to avoid repeating past mistakes in investing.
Yet Another Value Blog 1395 implied HN points 10 Feb 24
  1. The loan book for NYCB is in worse shape than expected, potentially facing huge losses due to rent-regulated properties and increasing expenses.
  2. Despite the challenges, NYCB has over $7 billion in tangible equity, which could help the bank navigate through the crisis.
  3. Insider buying at NYCB following a special update call shows confidence in the institution, highlighting efforts to stabilize the stock amid a tough situation.
Neckar’s Notes 15 implied HN points 30 Jan 25
  1. Warren Buffett combined reading with building strong relationships to grow his wealth. Both his knowledge and connections helped him succeed.
  2. Buffett pursued wealth in a way that was meaningful and enjoyable to him, focusing on personal growth and independence.
  3. The next Buffett will be proactive in seeking knowledge and crafting their own path, rather than just copying what others did.
Chartbook 371 implied HN points 24 Oct 24
  1. There's a lot of concern about the future of US stocks, as some experts like Goldman Sachs are predicting gloominess. Many investors are feeling nervous about what comes next.
  2. Soros believes in investing quickly and doing research afterwards, suggesting a bold approach to investing. This method can be risky but may lead to interesting opportunities.
  3. The discussion includes active clubs and the cellular industry, indicating that there are various sectors to pay attention to. These areas might be key for future growth and innovation.
Chartbook 371 implied HN points 23 Oct 24
  1. Peru is seeing a big increase in blueberry production, which is good for its economy. Blueberries are becoming a popular export from the country.
  2. El Salvador has received a $1 billion loan from the US, which is aimed at improving economic conditions. This is part of a larger effort to support the country's development.
  3. There is ongoing discussion about the long-lasting effects of migrant jails. These facilities have complex legacies that affect many communities.
Yet Another Value Blog 1631 implied HN points 11 Jan 24
  1. Rental car companies are currently trading at low multiples, making them a potentially cheap investment.
  2. Despite the persuasive bear case, the bull case for rental car companies includes aggressive capital returns to shareholders and potential for sustained earnings.
  3. Structural improvements in the rental car industry, such as consolidation and disciplined supply, could support profitability even if current high levels are not completely sustainable.
Spilled Coffee 112 implied HN points 04 Jan 25
  1. The S&P 500 had a strong year in 2024, finishing with a gain of 23.3%. It was one of the best years for the stock market since the late 90s.
  2. Many stocks performed well, like Nvidia and Palantir, while others like Boeing and Nike struggled significantly. Investors are keeping a close eye on these ups and downs.
  3. Although not as high as 2023, the actively managed portfolio outperformed the S&P 500 with a return of 49.5%. This shows a consistent trend of good investment decisions.
Nova Terra News 738 implied HN points 15 Apr 24
  1. Nova Terra Inc. is focused on creating a sustainable future through innovative building materials like EcoBlox made from lime-stabilized compressed earth blocks.
  2. The founder, Lisa Morey, has a background in earthen masonry and is passionate about infusing technological innovation into traditional building methods.
  3. Acceleration in business growth, pitching to major projects like the Georgia O'Keeffe museum, and receiving positive feedback have energized Lisa Morey and Nova Terra Inc. for a promising future.
QTR’s Fringe Finance 29 implied HN points 31 Jan 25
  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.
Compounding Quality 2614 implied HN points 23 Feb 23
  1. In the short term, stock prices are driven by fluctuations in valuation, while in the long term, they follow the intrinsic value of a company.
  2. When investing, it's crucial to buy stocks at a discount to their true worth to avoid poor results.
  3. Consider factors like Return On Invested Capital (ROIC) and expected growth when evaluating the value of a company to make informed investment decisions.