The hottest Investing Substack posts right now

And their main takeaways
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Top Finance Topics

9/9 TBC Insider Digest

Tech Buzz China Insider • 0 implied HN points • 10 Sep 21
🕹 Technology Investing
  1. The New Beijing Stock Exchange is focusing on deepening the reform of the New Third Board in China
  2. Akulaku, a Chinese-founded company, is operating outside China with a BNPL, e-commerce, and digital banking platform
  3. Keep is a notable Chinese fitness app compared to Peloton, with substantial funding and plans for an IPO earlier this year

7/1 TBC Insider Digest

Tech Buzz China Insider • 0 implied HN points • 02 Jul 21
🕹 Technology Investing
  1. Chinese VCs are heavily investing in restaurants due to the large market potential and existing infrastructure.
  2. B2B home improvement marketplace XiaoPangXiong raised $400mm, possibly over-capitalized compared to competitors.
  3. The Atlassian of China raised $40mm Series B, benefiting from Atlassian's exit from the Chinese market.

BlackRock Loads Up On Bitcoin Mining Stocks

Miner Weekly • 0 implied HN points • 01 Feb 24
💰 Finance Investing
  1. BlackRock increased its holdings in Bitcoin mining stocks significantly, with total investments rising from $76 million to $775 million.
  2. There is a trend of equity dilution among mining companies, showing a shift in funding strategies to avoid over-leveraging.
  3. Other investment firms like Vanguard and Hansainvest have also been increasing their positions in mining stocks, with different approaches such as ETFs or direct ownership.

They’re burning morons.

The Jolly Contrarian • 0 implied HN points • 12 Mar 21
💰 Finance Investing
  1. The market shows signs of being in a precarious situation, with unusual trends and behaviors reminiscent of past financial crises.
  2. Unconventional financial practices like tokenizing art and creating NFTs are gaining popularity, despite their questionable intrinsic value and ironic nature.
  3. Concepts like side letters in agreements and the use of cocktail napkins to seal deals highlight the complexities of legal and business negotiations, often blurring lines between formality and practicality.

HOSE quá tải

Thái | Hacker | Kỹ sư tin tặc • 0 implied HN points • 14 Mar 21
💰 Finance Investing
  1. The HOSE stock exchange in Vietnam is overloaded and facing challenges with its software, prompting discussions about potential solutions from companies like FPT.
  2. There are concerns regarding the effectiveness and timeline of proposed solutions, as well as the ability to handle the high trading volume of HOSE compared to other exchanges.
  3. Software development projects, especially complex ones like this, often face uncertainties in timelines and outcomes, with estimates being difficult to pinpoint accurately.
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Bitcoin vượt 20K USD

Thái | Hacker | Kỹ sư tin tặc • 0 implied HN points • 16 Dec 20
💰 Finance Investing
  1. Bitcoin has surpassed $20,000 USD, with some notable differences in this surge compared to past increases.
  2. Institutional investors, like companies and hedge funds, are increasingly buying BTC, indicating growing acceptance of Bitcoin as an asset.
  3. Altcoins are not rising at the same pace as Bitcoin, with many ICOs being scams, suggesting caution in the cryptocurrency market.

Không có gì quý hơn độc lập... tài chính

Thái | Hacker | Kỹ sư tin tặc • 0 implied HN points • 19 Apr 16
💰 Finance Investing
  1. Financial independence is important because it opens up opportunities and allows for more freedom in decision-making.
  2. Achieving financial independence involves passive income exceeding living expenses, emphasizing the need to save and invest.
  3. Starting to save and invest early, tracking expenses, cutting unnecessary spending, and setting savings goals are key steps towards financial independence.

Lại chuyện tiền nong

Thái | Hacker | Kỹ sư tin tặc • 0 implied HN points • 28 Oct 09
💰 Finance Investing
  1. Managing personal finances is crucial to avoid stress and missed opportunities. Recognizing financial ignorance and starting to learn can significantly improve your financial situation.
  2. Avoid accumulating debt whenever possible, as it can lead to financial stress and affect your overall well-being. Make informed decisions when it comes to borrowing or using credit cards.
  3. Investing in yourself and saving a portion of your income is essential for long-term financial stability. Consider different investment options, such as savings accounts, and be cautious with riskier ventures like stocks or real estate.

hindsight bias

Thái | Hacker | Kỹ sư tin tặc • 0 implied HN points • 21 May 08
💰 Finance Investing
  1. Hindsight bias is the tendency to believe that outcomes were predictable, even though they may not have been at the time.
  2. People often overestimate their ability to predict future events based on their perceived success in predicting past events.
  3. There are numerous factors that can influence stock market outcomes, making it difficult to accurately predict future market behavior.

The meme aper's guide to trading

Boltzmann Soul • 0 implied HN points • 22 May 24
💰 Finance Investing
  1. To start trading meme coins, you need to go through steps like swapping fiat for cryptocurrency on a CEX, taking control of your tokens on a non-custodial wallet, and bridging ETH to the Base network if necessary.
  2. When using DEXes to swap tokens, always use the coin address rather than the token name or ticker to avoid potential scams with similar names or tickers.
  3. Meme coin trading involves high risks of losing assets, so only trade with funds you can afford to lose. Be cautious about slippage, network congestion, and transaction failures when using DEXes.

The parallels between shitcoin sniping and pre-seed VC investing (Part 1/3)

Boltzmann Soul • 0 implied HN points • 15 May 24
💰 Finance Investing
  1. Crypto bull runs occur every four years and can mint new millionaires and billionaires.
  2. Shitcoin sniping in meme coin trading has similarities to pre-seed VC investing, including the dominance of returns by power law and the impact of FOMO on deal economics.
  3. New traders in meme coin trading should pick a blockchain ecosystem, track PnL in the network's native token, and avoid getting influenced by noise like fake influencers and copy trading.

PureCycle Technologies: The Nikola of Recycling

funnybusiness • 0 implied HN points • 16 Aug 21
💰 Finance Investing
  1. PureCycle Technologies executives failed to address critical allegations and instead doubled down on their ambitious projections.
  2. Insiders of PureCycle Technologies increased their pay-outs and could potentially sell 100% of their shares before the company generates any revenue, raising concerns about their commitment to long-term success.
  3. Red flags have been identified in the business model of PureCycle Technologies, including questionable supply chain agreements, unproven technology, and unrealistic rapid expansion plans.

Oracle of Omaha, Warren Buffett, has slashed Berkshire Hathaway's stake in $AAPL holdings by 50%.

Apple Wire • 0 implied HN points • 03 Aug 24
💼 Business Investing
  1. Warren Buffett's company, Berkshire Hathaway, has sold half of its Apple stock, dropping their holdings from 790 million to 400 million shares. This surprised a lot of people in the investment world.
  2. Despite this sell-off, Apple recently reported strong earnings, showing a revenue increase of nearly 5% and profits up almost 8% compared to last year. This is good news for Apple, even with Berkshire reducing their stake.
  3. Berkshire Hathaway has also been selling other investments, including shares in Bank of America, and now has a significant amount of cash available, totaling $277 billion. This could mean they are preparing for new investment opportunities.

SVB's Collapse

inexactscience • 0 implied HN points • 15 Mar 23
💰 Finance Investing
  1. Silicon Valley Bank failed due to significant financial losses and risky decisions. It shows how quickly things can change for banks in tight situations.
  2. Some thought SVB's issues were unique, but other banks might also face similar risks. This could mean wider banking problems in the future.
  3. The Federal Reserve stepped in to help, which raises questions about making banks more careful. If everyone has insurance, banks might take bigger risks, which isn't good for the economy.

On Market Reactions to Politics

Matt’s Five Points • 0 implied HN points • 24 Jul 11
💰 Finance Investing
  1. Market prices can drop significantly during political turmoil, even if the long-term company value remains stable. It's important to spot these opportunities to invest wisely.
  2. There are two main views on raising the debt ceiling: one prioritizes immediate economic stability, the other focuses on long-term debt control. Both need serious action to back up the talk.
  3. Currently, the market shows increased volatility, meaning potential big shifts up or down. Smart investors might find good deals in stocks if there's a chance of a debt deal soon.

Musings from Jeff Bezos, Steve Jobs, Phil Knight...and the stock market.

Jon’s Newsletter • 0 implied HN points • 25 Sep 22
💼 Business Investing
  1. The Nike swoosh logo was designed by Carolyn Davidson for just $35 in 1971, which is a great deal considering its global recognition today. She later received shares that made her investment worthwhile.
  2. Jeff Bezos dislikes PowerPoint presentations and prefers written memos for meetings. This method has reportedly led to better results for some people who tried it.
  3. Steve Jobs made an 'insanely great offer' to a potential employee at NeXT, reflecting his unique approach to recruitment. This sparked discussions about how job offers have changed over time.

Coming soon

Jon’s Newsletter • 0 implied HN points • 14 Sep 22
💼 Business Investing
  1. The content will focus on business, tech, and investing. It's a good place to learn more about these topics.
  2. Jon Erlichman is the person behind the newsletter. He aims to share valuable insights with his readers.
  3. This newsletter is launching soon, so keep an eye out for updates and new information.

Coming soon

Micro Markets Newsletter • 0 implied HN points • 28 Aug 24
💼 Business Investing
  1. A new newsletter about micro markets is launching soon. It seems like it will cover interesting topics related to small, specialized markets.
  2. You can subscribe to this newsletter to stay updated. Subscribing might offer insightful information and trends in this niche.
  3. The newsletter is available on a platform called Substack. This platform is popular for independent writers and bloggers to share their work.

Inflation and Investing: False Alarm or Fair Warning?

Musings on Markets • 0 implied HN points • 24 May 21
💰 Finance Investing
  1. Inflation is rising, and many people are debating whether it will be temporary or a more lasting issue. This uncertainty affects how investors think about their money.
  2. Different investments react to inflation in various ways. For example, bonds often struggle with unexpected inflation, while real estate and commodities like gold tend to do better.
  3. Understanding inflation can help you make better investment choices. Knowing how different sectors and asset types might perform can guide your decisions in uncertain economic times.

The Price-Value Feedback Loop: A Look at GME and AMC!

Musings on Markets • 0 implied HN points • 03 Feb 21
💰 Finance Investing
  1. The stock price and a company's value can be very different. Price is about what buyers are willing to pay, while value is about the company's actual worth based on its profits and risks.
  2. When a company's stock price goes up or down, it can create a feedback loop that affects its overall value. For example, higher stock prices can make it easier for a company to get loans or attract employees.
  3. Issuing new shares when the price is high can bring in cash, but it's a bit of a gamble because it can also lower the stock price if not managed carefully. It's all about finding the right balance.

Data Update 2 for 2021: The Price of Risk!

Musings on Markets • 0 implied HN points • 20 Jan 21
💰 Finance Investing
  1. The price of risk is the extra return investors seek to earn when taking on risky investments. It’s shaped by how much people are willing to spend and their feelings about market conditions.
  2. Risk premiums can change based on investors' fears and greed. When fear is high, people usually want higher risk premiums, which can lower the prices of investments.
  3. There are different ways to evaluate market risk, like looking at bond yields or estimating earnings for stocks, and these methods help us understand if investments are overvalued or undervalued.

Value Investing III: Requiem, Rebirth or Reinvention?

Musings on Markets • 0 implied HN points • 23 Oct 20
💰 Finance Investing
  1. Value investing has become too strict and doesn't adapt to new businesses, especially in tech. This has caused some investors to miss great opportunities.
  2. It's important to understand the difference between value and price when investing. These concepts are different and need different ways to look at them.
  3. Investing isn't about being morally right; it's about making smart choices. Value investors should respect other investing styles and learn from them to improve their own strategies.

Value Investing II: Tough times for Value Investing - Passing Phase or a Changed World?

Musings on Markets • 0 implied HN points • 23 Oct 20
💰 Finance Investing
  1. Value investing has struggled in the last decade, and even famous investors like Warren Buffett have faced challenges. This makes some question whether traditional value investing methods still work.
  2. Past success of value investing doesn’t mean it will always perform well. There were periods in history when growth stocks outperformed value stocks, highlighting the ups and downs.
  3. Many value investors believe the recent poor performance is just a temporary issue or blame the economy. However, there's a growing recognition that changes in the market might require new strategies.

Illusion, Perception and Reality: Stock Splits and Index Inclusions

Musings on Markets • 0 implied HN points • 01 Sep 20
💰 Finance Investing
  1. Stock splits and index inclusions may seem unimportant, but they impact market behavior. They can cause prices to move even without changes in a company's real value.
  2. Value events, gap events, and pricing events are all different types of stock market occurrences. Each type changes prices in different ways, whether by affecting value, closing price gaps, or changing investor sentiment.
  3. Traders often react to stock splits and index changes to capitalize on market momentum. However, long-term investors should focus on fundamentals instead of getting swayed by these temporary market changes.

A Viral Market Update XIII: The Strong (FANGAM) get stronger!

Musings on Markets • 0 implied HN points • 20 Aug 20
💰 Finance Investing
  1. The FANGAM stocks (Facebook, Amazon, Netflix, Google, Apple, and Microsoft) have become even more powerful during the market crisis. They've been driving the market recovery and are key to understanding future trends.
  2. While many companies are struggling, the FANGAM stocks are doing well due to their innovative business models and large user bases. They continue to grow and generate substantial profits, unlike older companies that face challenges as they age.
  3. Investors should be cautious with FANGAM stocks, as some may be overvalued despite their growth. It's essential to assess each company's value carefully before making investment decisions.

A Viral Market Update VIII: A Crisis Test - Value vs Growth, Active vs Passive, Small Cap vs Large!

Musings on Markets • 0 implied HN points • 13 May 20
💰 Finance Investing
  1. The recent market crisis has highlighted differences between value and growth investing. Value investors have faced significant losses, while growth stocks did not drop as much.
  2. Active investing is struggling against passive strategies like index funds, which have been gaining popularity. Many active funds underperformed during recent market turmoil.
  3. Small cap stocks have underperformed compared to large caps during this crisis. This suggests that large companies may become more dominant in the post-COVID economy.

A Viral Market Meltdown IV: Investing for a post-virus Economy

Musings on Markets • 0 implied HN points • 23 Mar 20
💰 Finance Investing
  1. The market is going through a tough time, and many investment options have lost value, showing that no asset class is completely safe right now.
  2. How quickly the economy rebounds after the crisis will depend on various factors, including consumer behavior and structural changes in the economy.
  3. Depending on your view of the recovery, you can adopt different investment strategies, like focusing on lower-debt companies or innovative ones that may thrive in the new normal.

Data Update 3 for 2020: The Price of Risk!

Musings on Markets • 0 implied HN points • 11 Feb 20
💰 Finance Investing
  1. Risk is a necessary part of investing, and avoiding it completely can cost you potential returns. It's important to find a balance between taking on risk and ensuring enough return for that risk.
  2. The price of risk varies between different asset classes like bonds and equities, with markets setting these prices based on demand and supply. For instance, the default spread for bonds and the equity risk premium for stocks can help gauge expected returns.
  3. Real estate also has its own risk premium, which can change over time like stocks and bonds. Understanding this can help you make better decisions about how to allocate your investments.

An Ode to Luck: Revisiting my Tesla Valuation

Musings on Markets • 0 implied HN points • 30 Jan 20
💰 Finance Investing
  1. Investing in Tesla brings mixed feelings. Some people believe in its huge potential, while others think it's too risky and overpriced.
  2. Luck played a big role in when to buy or sell Tesla stocks. It's important to recognize the difference between lucky timing and real investment skill.
  3. The future of Tesla depends on its ability to grow and make profits. Investors need to consider how well Tesla can compete in the busy car market.

Data Update 2 for 2020: Retrospective on a Disruptive Decade

Musings on Markets • 0 implied HN points • 27 Jan 20
💰 Finance Investing
  1. The past decade saw strong growth in stocks, with the S&P 500 nearly tripling in value and a notable rise in bond returns as well. It was a great time for investors, especially those who held onto their portfolios.
  2. Interest rates dropped significantly during this period, influenced by both global economic conditions and central bank actions. Many believe these low rates are here to stay as the economy's fundamentals support them.
  3. Tech companies, particularly the FAANG group, led the stock market's rise, drastically increasing their market capitalization. This shift shows how important tech has become compared to traditional industries like energy.

A coming out party for the world's most valuable company: Aramco's long awaited IPO!

Musings on Markets • 0 implied HN points • 18 Nov 19
💼 Business Investing
  1. Aramco is set to become one of the world's most valuable companies due to its massive oil reserves and low extraction costs. This gives it an edge over other oil companies.
  2. Investing in Aramco is not like buying shares in a regular company, since the Saudi government controls it. Investors should expect limited influence over decisions and view their investment more like providing capital.
  3. There are risks to consider, including the political situation in Saudi Arabia and how oil prices can affect earnings. Investors should be aware that they may not see a lot of price increase, mostly relying on dividends.

The Softbank-WeWork End Game: Savior Economics or Sunk Cost Problem?

Musings on Markets • 0 implied HN points • 15 Nov 19
💼 Business Investing
  1. Softbank invested heavily in WeWork after a failed IPO, raising questions about whether they were rescuing a sinking ship or throwing good money after bad. Their decision highlights how past investments can warp future choices.
  2. Fair value accounting can give misleading pictures of a company's worth because it’s based on market prices rather than real value. This can lead companies to make poor decisions just to improve their accounting numbers.
  3. Investing isn't just about being smart; it's also about being humble. Investors who acknowledge their mistakes and learn from them tend to make better decisions, unlike those who get arrogant after a few wins.

Disrupting the IPO Process: Challenging the Banker-run Going-Public Model!

Musings on Markets • 0 implied HN points • 18 Oct 19
💼 Business Investing
  1. Many companies going public choose to work with banks to help set the price and market their shares, but there's a new option called direct listing where the market sets the price instead. This can save the company money and avoid the common underpricing issue seen with traditional IPOs.
  2. Bankers used to offer valuable services like pricing estimates and investor outreach, but changes in the market mean their role isn't as crucial anymore. Companies now can often do a lot of this work themselves or feel they do not need banks as much.
  3. Despite the benefits of going the direct listing route, companies often stick to traditional methods due to fear of negative consequences or simply because it's what everyone else does. However, there’s a growing conversation about rethinking how companies go public.

Runaway Story or Meltdown in Motion? The Unraveling of the WeWork IPO

Musings on Markets • 0 implied HN points • 09 Sep 19
💼 Business Investing
  1. WeWork's business model is built on leasing office spaces and redesigning them for flexibility, targeting young and small businesses. This differs from traditional real estate, which usually involves long-term leases and buying properties.
  2. The company faces major risks due to its heavy debt and potential economic downturns. It has locked itself into long leases while offering short-term rentals, creating a mismatch that could lead to financial trouble.
  3. The initial excitement around WeWork's IPO has faded, with concerns about its governance and the CEO's actions overshadowing its growth story. Investors are now more skeptical about whether the company can deliver on its promises.

Country Risk: A Mid-year 2019 Update

Musings on Markets • 0 implied HN points • 13 Aug 19
💰 Finance Investing
  1. When companies invest abroad, they face risks from changing currency values and unstable economies and politics. It's important to balance the potential for growth with these risks.
  2. Different countries have varying levels of risk based on their political stability, legal systems, and economic diversity. Emerging markets often have higher risks compared to developed ones.
  3. Understanding country risk is crucial for investors and businesses. It's not just about where a company is based but also where it operates and earns revenue.

The Perils of Investing Idol Worship: The Kraft Heinz Lessons!

Musings on Markets • 0 implied HN points • 27 Feb 19
💰 Finance Investing
  1. Warren Buffett and major investors can make mistakes just like anyone else. Investors shouldn't blindly trust their idols without thinking critically about their decisions.
  2. Stocks are not like bonds; companies aren't required to pay dividends. If a stock's yield seems too good to be true, it might not be sustainable.
  3. Brands can lose their appeal over time. Even famous names can struggle to remain relevant as tastes change and the market evolves.

January 2019 Data Update 9: The Pricing Game

Musings on Markets • 0 implied HN points • 22 Feb 19
💰 Finance Investing
  1. The price of a stock can often differ from its true value. Factors like demand, supply, and investor feelings can affect pricing.
  2. When comparing companies, it's important to look at their pricing in relation to the market, rather than relying on absolute rules or ratios.
  3. Fundamentals often influence stock prices, meaning strong or weak performance factors can help explain why some stocks appear cheap or expensive.