The hottest Investment Substack posts right now

And their main takeaways
Top Business Topics
The Intrinsic Perspective β€’ 10335 implied HN points β€’ 23 Feb 24
  1. Recent AI models like GPT-4 and Sora are showing concerning failures in understanding basic concepts like physics and object permanence
  2. The AI industry's economics are being questioned due to the high costs involved in training large models, as well as the influence of major tech companies like Microsoft, Google, and Amazon in directing AI development
  3. The current AI industry landscape is seen as a flow of VC investment being funneled into a few major tech giants, raising fundamental questions about the industry's structure and sustainability
Noahpinion β€’ 4705 implied HN points β€’ 18 Mar 24
  1. Productivity growth is crucial for controlling inflation, maintaining a stable economy, and improving living standards.
  2. To boost productivity growth, a combination of macroeconomic factors like full employment, investment incentives, and stable supply-side conditions is essential.
  3. Three key factors that fostered productivity growth in the 1990s were full employment, high fixed investment, and stable supply with low inflation; replicating these conditions today would require strategic policy interventions.
The Honest Broker β€’ 7846 implied HN points β€’ 09 Feb 24
  1. Spotify is facing challenges with fake artists, playlists, and financial losses, raising concerns about the music streaming service's business model.
  2. The shift from macroculture to microculture is evident in the media industry, with traditional legacy outlets experiencing layoffs while alternative platforms like Substack thrive.
  3. There is a trend towards investment firms buying song catalogs, the decline of live music reviews in mainstream media, and interest in the transformative power of sound highlighted through the work of Hans Jenny in 'Cymatics'.
Doomberg β€’ 5751 implied HN points β€’ 25 Feb 24
  1. Modern economic systems struggle to account for environmental costs, leading to government interventions and frustrations among capitalists and landowners.
  2. The global focus on carbon emissions has led to the rise of carbon counting professionals, but many argue their value is limited.
  3. A proposal to create Natural Asset Companies (NACs) faced controversy when seeking to put a market price on nature, highlighting potential unintended consequences and opposition.
Where's Your Ed At β€’ 10237 implied HN points β€’ 01 Nov 23
  1. Gemini's
  2. Earn
  3. program misled customers into investing in risky lender Genesis Capital.
  4. The NY Attorney General filed a significant fraud suit against Gemini, Genesis, and Digital Currency Group for misleading customers and covering up losses.
  5. The Winklevoss twins actively deceived customers, putting billions of dollars into an unstable lender and reaping profits while customers faced losses.
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The Freedom Corner with PeterSweden β€’ 4304 implied HN points β€’ 26 Jan 24
  1. Bill Gates invested millions in BioNTech just before Covid, which turned out to be very profitable for him.
  2. Bill Gates donated $20 million to the BBC, which reportedly misrepresented the risk of Covid to increase public support for lockdown.
  3. Bill Gates' foundation committed $1.27 billion to advance Global Goals, including funding for global digital ID.
Astral Codex Ten β€’ 1858 implied HN points β€’ 07 Mar 24
  1. ACX Grants involves an impact market where investors crowdfund grant proposals with potential for big profits if successful.
  2. Only 44 out of approximately 140 qualified participants have signed up for the impact market so far, with a different approach allowing non-accredited investors to participate.
  3. Investing in impact certificates through this system has risks like potential project failure, but also benefits such as tax deductibility.
Penelope Trunk's Substack β€’ 419 implied HN points β€’ 21 Apr 24
  1. Having a male co-founder can improve a female founder's odds of raising funding due to biases in the investment industry.
  2. Focusing on showcasing a reckless passion and working long hours can help female founders combat gender biases when pitching to investors.
  3. Building a network of male connections can be essential for female founders in navigating the challenges of the venture capital landscape.
Venture Prose β€’ 1517 implied HN points β€’ 18 Feb 24
  1. The goal of a first meeting is to trigger a second one; good investor asks the right questions, bad one slows you down.
  2. Important elements of a good pitch: timing, preciseness, energy, and emotion to keep investors engaged.
  3. Entrepreneurs need optimism, clarity of vision, and ability to adapt quickly; assess qualities like learning from experience and embracing learning from others.
Chartbook β€’ 1316 implied HN points β€’ 12 Feb 24
  1. Wall Street is pulling billions from China's economy and shifting focus to India, creating a significant change in global markets.
  2. Financial flows in China show a trade surplus, with global investors moving away from China and towards India.
  3. Foreign Direct Investment (FDI) into China has drastically decreased since 2022, reflecting investor concerns about geopolitics and domestic policies.
All-Source Intelligence Fusion β€’ 642 implied HN points β€’ 05 Mar 24
  1. Brett Adcock's humanoid robot company aims to replace human workers in warehouses with subscription-based robots that can work 20 hours a day, 7 days a week.
  2. Figure AI collaborates with OpenAI to combine robotics and AI, aiming to create 'embodied AI' by leveraging OpenAI's strengths in language models and Figure's expertise in robotics.
  3. Adcock positions Figure AI to compete with Elon Musk's humanoid robotics effort 'Optimus' and dismisses other competitors due to limitations in hardware or software capabilities.
Irina Slav on energy β€’ 1002 implied HN points β€’ 24 Jan 24
  1. Copper prices are forecasted to jump by 75% in 2025 due to energy transition and decline in the U.S. dollar.
  2. There are concerns about copper shortages, but traders often don't consider long-term impacts when trading commodities.
  3. Mining companies are facing challenges from resource nationalism and must find ways to mine sustainably to support the global transition to clean energy.
How They Make Money β€’ 727 implied HN points β€’ 09 Feb 24
  1. Meta (META) reported strong Q4 FY23 performance with a 5X return from November 2022 lows, focusing on Metaverse investments and cash returns to shareholders.
  2. Key points from Meta's 'Playbook' include massive compute investment, open-source strategy, future-focused research on AI, data utilization, and an experimentation culture.
  3. In Q4 FY23, Meta saw growth in user metrics and revenue, with an increase in average revenue per user, surpassing competitors like Snap and Pinterest in ARPU.
Snowball β€’ 727 implied HN points β€’ 04 Feb 24
  1. Apple announces mixed quarterly results, with higher iPhone and wearables sales but lower revenues in China.
  2. ESG funds' popularity drops due to rising interest rates.
  3. Startups like Perplexity and Arc are reshaping internet search with artificial intelligence, possibly challenging Google's traditional method.
Venture Prose β€’ 459 implied HN points β€’ 04 Mar 24
  1. In crowded markets, strive to show unique insight, act fast, and execute well.
  2. If there's a clear leader, consider different strategies - like targeting a different geography or being more capital-efficient.
  3. Entering small or tough market sectors can still work if you start niche, focus on profitability, and learn from previous attempts.
Discourse Blog β€’ 668 implied HN points β€’ 01 Feb 24
  1. The Messenger, a media company, shut down abruptly after burning through a large investment and employing 300 journalists with no severance.
  2. The way The Messenger handled layoffs was exceptionally cruel and poorly managed, even by industry standards.
  3. The closure of The Messenger is an example of how some companies fail to treat their employees with decency during layoffs.
Breaking the News β€’ 487 implied HN points β€’ 21 Feb 24
  1. Place has always been significant in American personal stories and national politics, influencing decisions to stay or go.
  2. Federal policies are beginning to bring more opportunities to historically neglected areas, such as the Rust Belt, by strategically directing investments.
  3. There is a shift towards more planned and effective federal initiatives that focus on boosting local economies and communities, recognizing the importance of place-based growth.
Irina Slav on energy β€’ 864 implied HN points β€’ 08 Jan 24
  1. French government banning oil and gas investments in certain sustainable funds may set a precedent for future regulations.
  2. The rigorous certification process for ESG labels includes evaluating impact indicators like CO2 emissions and renewable energy output.
  3. Investors may face challenges if funds in different countries have conflicting preferences for including oil and gas stocks in ESG portfolios.
Points And Figures β€’ 532 implied HN points β€’ 12 Feb 24
  1. Institutional investors prefer C-Corps for specific tax benefits and legal protections.
  2. Nevada is emerging as a compelling option for business incorporation due to favorable legal environment and objectivity of judges.
  3. Nevada's business-friendly culture, favorable weather, and infrastructure make it an attractive choice for startups over traditional options like Delaware.
Invariant β€’ 511 implied HN points β€’ 11 Feb 24
  1. Philip Morris International is focusing more on next-gen products like IQOS and its heated tobacco units, with efforts to transition users from traditional cigarettes - showing promise for future growth.
  2. Despite some challenges like higher costs and FX pressures, PMI is maintaining its position in the market by introducing innovative products and investing in its portfolio.
  3. ZYN, another product spreading rapidly, faces questions about its popularity among underaged consumers, but it still shows strong growth due to being a preferred choice over competitors.
Trevor Klee’s Newsletter β€’ 373 implied HN points β€’ 29 Feb 24
  1. Success in biotech often involves licensing and developing existing molecules, rather than creating completely new ones.
  2. To thrive in biotech, it's crucial to strategically select candidates and navigate clinical trials efficiently with the available resources.
  3. Viking Therapeutics' success was built on wisely choosing profitable indications, selecting the right molecules, and executing their development program effectively.
Ginger River Review β€’ 707 implied HN points β€’ 10 Jan 24
  1. Investor Allen Zhu is reducing his investment speed to focus on thorough project research, showing a change in Chinese investors' priorities.
  2. Investors who rushed into Large Language Models (LLMs) in 2023 faced losses, signaling a shift in focus to vertical market segments.
  3. Zhu emphasizes the importance of discipline in investment decisions, with a focus on profitability and slower, more thoughtful investment strategies in 2023.
Snowball β€’ 550 implied HN points β€’ 28 Jan 24
  1. Tesla stock has dropped significantly, raising questions for long-term investors.
  2. The Chinese government aims to regain investor trust in their financial markets after a significant drop in the CSI 300 index.
  3. Generative AI is disrupting the entertainment industry, potentially leading to more immersive storytelling experiences.
Ginger River Review β€’ 668 implied HN points β€’ 08 Jan 24
  1. Disruptive technological innovation drives new productive forces, like in new energy and materials.
  2. China is focusing on expanding the digital economy, leveraging its vast data resources for growth.
  3. Institutional opening-up and cultivation of new drivers for foreign trade are key strategies for China's economic development.
Africa: The Big Deal β€’ 648 implied HN points β€’ 10 Jan 24
  1. In 2023, there were fewer investors in African startups, but there was no mass exodus.
  2. 47% of investors who put money into deals in 2023 hadn't done so in 2021 or 2022.
  3. In 2023, 71% of investors were only involved in one $100k+ deal, with a few very active investors doing 12 or more deals.
Bitcoin Magazine Pro β€’ 432 implied HN points β€’ 09 Feb 24
  1. Genesis won a court ruling to sell millions of GBTC shares, aiming to reimburse creditors and stabilize Bitcoin's price.
  2. A large sale of GBTC triggered a market decline for both GBTC and Bitcoin in the past, causing concerns within the Bitcoin community.
  3. Despite legal disputes and setbacks, Genesis is moving forward with plans to sell GBTC to settle debts, potentially impacting Bitcoin's valuation.