The hottest Investing Substack posts right now

And their main takeaways
Category
Top Finance Topics

Winner Takes All

Doomberg • 5270 implied HN points • 17 Mar 24
💰 Finance Investing
  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.'

🏰Quality Investing 101

Compounding Quality • 825 implied HN points • 23 Jan 24
💰 Finance Investing
  1. Quality investing focuses on investing in the best companies in the world.
  2. Investing is about delayed gratification and finding a few big winners.
  3. Having a few wonderful businesses in your investment career can lead to great wealth.

[2025–2026] Week 17: Big Money Thinks Small by Joel Tillinghast

Behavioral Value Investor • 29 implied HN points • 13 Feb 26
💰 Finance Investing
  1. Read Joel Tillinghast’s Big Money Thinks Small and answer six focused questions about his investment style, background, best and worst investments, stock ideas, and an AI-based prompt.
  2. His approach emphasizes finding small, undiscovered companies by doing on-the-ground research and favoring inexpensive stocks judged by current profits and cash flow, combining a Peter Lynch–style search with a Neff-like value focus, while recognizing how randomness can affect short-term results.
  3. Participants should post all answers in a single comment, engage respectfully with others, and note that the next assigned book is The Investment Checklist.

So...Is The Gold Boom Over?

QTR’s Fringe Finance • 32 implied HN points • 10 Feb 26
💰 Finance Investing
  1. Foreign central banks sharply increased gold purchases starting in 2022 to diversify reserves away from the U.S. dollar, and that central-bank demand was a major reason gold rose so much.
  2. In 2025 individual investors piled into gold and helped send prices parabolic, but a hawkish Fed nominee and rate worries triggered a fast, large sell-off.
  3. The core story — countries wanting less dollar exposure — remains intact. Short-term drops may be temporary and more central-bank diversification could keep upward pressure on gold over the long run.
Get a weekly roundup of the best Substack posts, by hacker news affinity:

Gold & Silver: A Volatile Day, Not a Broken Thesis

QTR’s Fringe Finance • 47 implied HN points • 31 Jan 26
💰 Finance Investing
  1. A single sharp down day is normal volatility and doesn’t mean the long-term bullish case for gold and silver is broken.
  2. Large fiscal deficits and heavy Treasury issuance limit how long the Fed can stay hawkish, which tends to push real rates lower and support precious metals over time.
  3. The U.S. external financing imbalance and a softer dollar add structural support for metals, but crowded trades can unwind quickly so expect two-way volatility.

Paul Graham: Are You Building Fake Product-Market Fit ? | VC Remote Jobs & More

Venture Curator • 939 implied HN points • 02 Jan 24
💼 Business Investing
  1. Product-market fit goes beyond building a product people like; it involves understanding the numbers behind it.
  2. Founders can fall into the trap of 'Fake Product-Market Fit' by focusing on the wrong signs like securing funding or excessive spending.
  3. To achieve genuine product-market fit, founders need to monitor metrics, control spending, and ensure a strong connection between the product and the market.

Ticker Take: a weekly newsletter on investing.

Jon’s Newsletter • 119 implied HN points • 12 Jul 24
💰 Finance Investing
  1. Marko Kolanovic's bearish predictions about the stock market didn't happen, leading to his departure from JP Morgan. In a strong market, being negative can be isolating.
  2. Tesla's stocks have been rising quickly due to excitement around AI and self-driving cars, but some analysts warn that the stock may be overrated at this point.
  3. Costco is raising its membership fees for the first time in seven years, which could lead to an increase in their profits. Many analysts continue to view Costco as a strong investment option.

Masterclass on Investing in SpaceTech Startups

Space Ambition • 219 implied HN points • 05 Jun 24
💼 Business Investing
  1. There is an online masterclass focusing on how to invest in Space Tech startups. It's a great opportunity to learn from experts in the field.
  2. The masterclass will feature an analysis of Bessemer Venture Partners' investment in Rocket Lab, which is a key example in SpaceTech investing.
  3. The sessions are free and available at two different times on June 15, making it easy for people to join.

The SaaS Bloodbath: Opportunities and Perils for Investors

East Wind • 19 implied HN points • 11 Feb 26
💰 Finance Investing
  1. The recent software sell-off is partly a market overreaction, not the death of mission-critical SaaS. Incumbent vendors that adopt AI can protect pricing power and improve free cash flow.
  2. Companies with "artificial limiters" — non-code moats like network effects, regulatory barriers, and physical infrastructure — are best positioned to re-accelerate growth and can become multi-baggers if bought at the right price.
  3. Venture investing is riskier now because public multiples are compressed and many startups are still effectively SaaS, so private-market entry prices may not be justified by exits, making public equities a clearer place to find mispricings.

Mistakes I’ve Made

Spilled Coffee • 80 implied HN points • 14 Jan 26
💼 Business Investing
  1. You learn by doing, not by waiting for perfection; mistakes are part of progress, so act, reflect, and iterate.
  2. In business and investing, focus on what actually moves the needle: find a clear niche, stop pouring money into ineffective ads, delegate to people who are stronger than you, let winners run but cut losers, and don't wait forever for a dip to buy.
  3. Live intentionally—stop worrying about what others think, avoid postponing the things that matter (costs rise and time disappears), build routines that bring joy, and use work to fund the life you want, not the other way around.

COIN Update & DeFi Education Q&A (February 2024)

DeFi Education • 699 implied HN points • 10 Feb 24
🔮 Crypto Investing
  1. The DeFi team is actively researching new projects that address real problems in the crypto space. They are excited about their latest findings.
  2. They are also working on answering questions and research requests from their community. They aim to provide helpful information based on previous discussions.
  3. A detailed update on their progress will be shared later in the month, so subscribers can look forward to more insights soon.

The Bear Cave #284

The Bear Cave • 629 implied HN points • 27 Jul 25
💰 Finance Investing
  1. Blue Orca Capital has raised concerns about Nutex Health's financial practices, suggesting it has benefited from a fraudulent scheme. They warn that the company's stock might drop significantly if these issues are proven true.
  2. Several companies are dealing with management shakeups, including Dentsply Sirona and Globus Medical, which recently saw their CEOs resign. These changes may reflect deeper issues within the companies.
  3. There's a new trend of individual investors rallying around certain stocks, which some call 'meme stocks.' This indicates that social media is influencing investment decisions more than ever.

S&P Addiction

Investment Talk • 707 implied HN points • 06 Feb 24
💰 Finance Investing
  1. Benchmarking can be a humbling but necessary process for investors to evaluate their performance relative to others.
  2. Choosing a benchmark is crucial for measuring investment success, considering time, effort, and opportunity costs involved in managing a portfolio.
  3. Fund managers and advisors use benchmarks for various reasons like performance evaluation, risk assessment, and ensuring accountability to clients.

Farming Opportunity

DeFi Education • 859 implied HN points • 07 Jan 24
🔮 Crypto Investing
  1. DeFi yield farming is making a comeback, and it's an exciting opportunity for investors. People are using different strategies to maximize their returns.
  2. The team is running a fun bet to see if their farming profits can cover the cost of a NYC apartment. This adds an interesting twist to their investment.
  3. The focus is on DeFi exchanges, highlighting their potential benefits in the financial landscape. It’s a field worth exploring for those interested in decentralized finance.

News of the Week (Jan 29 - Feb 2)

Stock Market Nerd • 707 implied HN points • 03 Feb 24
💰 Finance Investing
  1. Apple beat revenue estimates but had mixed performance in different product segments, especially in China.
  2. Mastercard surpassed revenue estimates and saw growth in various sectors like cross-border revenue and value-add services.
  3. Match's financial results were strong, although challenges like negative payer growth from price hikes are temporary.
  4. AMD ranked well in Cloud Workload Security and continues to expand its offerings with the potential for higher revenue and margins.
  5. CrowdStrike received recognition in Forrester's Cloud Workload Security report and shows promising growth potential with increased modules for clients.

Tesla in November 2023: Story twists & turns, with value consequences!

Musings on Markets • 1238 implied HN points • 01 Nov 23
💼 Business Investing
  1. Tesla has faced ups and downs in its stock price lately, dropping below $200 after some tough weeks. This shows how quickly the market reacts to Tesla's news.
  2. Three big stories are influencing Tesla's future: price cuts to stay competitive, advancements in their self-driving technology, and the highly-anticipated Cybertruck launch.
  3. Valuing Tesla is complex because it has multiple business areas. Right now, the estimated value per share is around $180, but it can change depending on how their stories develop.

Down 60%, One Stock I Still Love

QTR’s Fringe Finance • 24 implied HN points • 14 Feb 26
💰 Finance Investing
  1. A big price drop doesn't automatically mean the investment idea is wrong.
  2. The core fundamental drivers supporting the long-term thesis remain intact, so the opportunity still exists despite the decline.
  3. The decline makes the risk profile clearer, and after reassessing, the long-duration opportunity can still justify holding or buying.

❄️ 🔧 Mes 38 outils préférés pour gérer vos finances personnelles

Snowball • 1356 implied HN points • 17 Mar 23
💰 Finance Investing
  1. The post shares 38 favorite tools for managing personal finances including budget tracking, investment research, and ETF investing.
  2. The tools cover various aspects such as budget management, investment strategies, tracking investments, and finding information on companies and markets.
  3. There are tools for managing subscriptions, finding forgotten bank accounts, simulating compound interests, assessing insider trading activities, tracking crypto portfolios, and more.

How I'd Trade Gold And Silver Here

QTR’s Fringe Finance • 48 implied HN points • 26 Jan 26
💰 Finance Investing
  1. Gold and silver have surged dramatically over the last year and a half, showing wild price action.
  2. The long-term bullish view on precious metals remains intact, with the recent rally not undermining the structural macro case.
  3. Short-term positioning is being reassessed, asking whether a short-term top is in and using four new data points to guide trading decisions.

How VCs and Startups can beat currency depreciation 🌍

The VC Corner • 259 implied HN points • 15 May 24
💼 Business Investing
  1. Emerging markets face big challenges because their currencies often lose value quickly. This makes it hard for investors to see good returns.
  2. Venture capital can be a smart way to invest in tech startups in these markets, targeting companies that can thrive despite currency issues.
  3. Look for signs of potential like high smartphone use and government support for tech growth, as these can help identify promising investment opportunities.

📈 Copart

Compounding Quality • 727 implied HN points • 21 Jan 24
💰 Finance Investing
  1. Copart is a successful company with a remarkable growth history.
  2. The company's management, led by Willis Johnson and Jay Adair, has been capable and invested in the company's success.
  3. Copart has a sustainable competitive advantage through network effects and economies of scale.

Stock Buybacks Explained

Concepts of Finance 🧠 • 399 implied HN points • 04 Apr 24
💰 Finance Investing
  1. Stock buybacks happen when a company uses its extra cash to buy back its own shares. This can make the remaining shares more valuable by increasing earnings per share.
  2. Buybacks can be good for investors, as they might boost stock prices without having to pay taxes on dividends right away. However, critics say companies should focus on growth and investment instead.
  3. There are downsides to buybacks too. Sometimes, management might use them to inflate their bonuses, or they might buy back shares at the wrong time, leading to poor long-term results.

The Bear Cave #285

The Bear Cave • 536 implied HN points • 03 Aug 25
💰 Finance Investing
  1. A recent article warned about Pheton Holdings, saying it might face a major stock drop, which indeed happened with the stock falling by around 95%. This shows how powerful financial reports can influence stock prices.
  2. Several companies are experiencing high-level resignations, indicating potential issues within their management or business strategy. It's important to keep an eye on such changes as they can signal deeper problems.
  3. Activist research reports suggest some companies might be losing market share quickly, as seen in the case of Liquidia taking share from United Therapeutics. This suggests that competition in industries can shift rapidly.

Investing Update: An Opportunity In Software?

Spilled Coffee • 44 implied HN points • 31 Jan 26
💰 Finance Investing
  1. Materials and energy are getting big inflows and clean technical breakouts, so those sectors look poised to lead the next move higher.
  2. Semiconductors are signaling market leadership and could pull big-cap tech higher, while software is deeply out of favor with record-low hedge fund exposure—so it may be a rebound opportunity but still carries AI-related downside risk.
  3. Consumer confidence and labor-market indicators are weakening even as stocks hit highs, and with February’s historical weakness after a positive January, economic pain reaching consumers could create downside risk.

Altria: The Great Race

Invariant • 648 implied HN points • 04 Feb 24
💼 Business Investing
  1. Altria faces challenges in the e-vapor market and criticism for its product development efforts.
  2. The company is focusing on premiumization and maintaining profitability in its smokeable products segment.
  3. Altria's financial health, with strong leverage and cash flow, allows it to return capital to shareholders and navigate market challenges.

Ticker Take: a weekly newsletter on investing.

Jon’s Newsletter • 179 implied HN points • 09 Jun 24
💰 Finance Investing
  1. Coffee stocks might help protect against inflation, according to investor Bob Iaccino. He believes that investing in commodities like coffee is a smart move right now.
  2. Tesla has divided opinions among investors and analysts, making it a complicated stock to assess. While some see great potential in Tesla's future, many analysts remain cautious.
  3. Nvidia's rapid rise in market value highlights the growing importance of AI technology. Analysts suggest sticking with major players like Nvidia and AMD as they are likely to keep gaining traction.

Bill Gates's €1bn Climate fund🔋, Paths to Product-Market Fit🎯, State of AI investing📊

The VC Corner • 259 implied HN points • 12 May 24
💼 Business Investing
  1. Bill Gates has launched a €1 billion climate fund to invest in sustainable technologies. This means there is a lot of financial support aimed at fighting climate change.
  2. Finding a good product-market fit is crucial for startups. It helps ensure that a product meets the needs of consumers and can be successful in the market.
  3. AI investing is currently a hot topic among investors. There’s a growing interest in technology that leverages artificial intelligence for various applications.

FOMC Day

Points And Figures • 586 implied HN points • 30 Jul 25
💰 Finance Investing
  1. Markets may not have much action until the Federal Open Market Committee (FOMC) makes its announcement. Things could get interesting once they speak.
  2. Tariffs and other economic policies under the current administration seem to be showing positive results, with inflation and gas prices down. Many initial concerns have not materialized.
  3. There are questions about whether the Federal Reserve will keep interest rates steady. Some believe that lowering them could be beneficial for the economy and taxpayers.

The Bear Cave #282

The Bear Cave • 606 implied HN points • 13 Jul 25
💼 Business Investing
  1. Grizzly Research claims that Pony AI's technology is behind its competitors and has issues with its service quality. They believe it is not ready for busy city driving.
  2. Viceroy Research suggests that Vedanta Resources is financially unstable and mismanages its assets, calling it a 'financial zombie'. They warn that various risks could lead to its collapse.
  3. Recent executive resignations in companies like NWTN Inc and Funko indicate serious governance and financial problems. These companies are facing leadership instability, which can affect their performance.