The hottest Investment Strategies Substack posts right now

And their main takeaways
Category
Top Finance Topics
Lenny's Newsletter • 3537 implied HN points • 16 May 23
  1. Having a venture-scale startup idea involves aiming for $100 million annual revenue and $1 billion+ valuation in 10 years.
  2. Venture-scale investors look for a large market, a scalable business model, high growth potential, the ability to turn capital into growth, and a path to going public.
  3. Not all startup ideas need to be venture-scale; many ideas can still build a great revenue-generating business without the pressure and expectations of venture capital.
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Daily Chartbook • 1388 implied HN points • 22 Jun 23
  1. The number of homes for sale in the U.S. has dropped to its lowest level and saw the first annual decline since April 2022.
  2. The median U.S. home sale price was $419,103 in May, just a 3.1% decrease from the previous year.
  3. The American Trucking Associations' For-Hire Truck Tonnage Index rose 2.4% in May after a decrease in April.
Asian Century Stocks • 314 implied HN points • 04 Oct 23
  1. The author read 14 write-ups in September from sources like Value Investors Club and Substack.
  2. They believe JD.com and China Tower may be undervalued, while Ossia International and Ming Fai may have potential upside.
  3. There are concerns about Midea's exposure to the Chinese property market, but the company's strong market position and growth indicate potential resilience.
Clouded Judgement • 15 implied HN points • 23 Feb 24
  1. The importance of growth and profitability in the Rule of 40 for cloud software companies varies over time, with current public markets valuing growth 3.0x more than FCF margin in valuation multiples.
  2. 2024 guides from Q4 calls are not increasing consensus estimates, indicating companies are setting cautious expectations amidst market uncertainty.
  3. Valuation multiples for SaaS businesses are calculated based on their projected revenue, with growth, FCF margin, and NTM growth rate influencing stock valuations.
The Wolf of Harcourt Street • 334 implied HN points • 24 Mar 23
  1. MercadoLibre (MELI) is a Latin American e-commerce giant with remarkable growth, experiencing over 4,000% return in 16 years since its IPO.
  2. MELI's success is driven by a strong ecosystem of online commerce, digital payments, logistics, and advertising solutions.
  3. The company faces risks like regulatory changes, geopolitical instability, and increasing competition, but has growth opportunities in the unbanked market and logistics services.
The Data Score • 19 implied HN points • 09 Jan 24
  1. It only takes one data point to disprove an investment thesis by testing for the counterfactual, which allows identifying data points that go against the thesis.
  2. A question-driven approach to investing focuses on formulating the right questions to deeply understand the investment landscape, prioritizing curiosity and critical thinking.
  3. Designing an investment thesis involves setting measurable outcomes, defining timeframes, identifying dependencies, establishing checkpoints, and being aware of the current valuation. It's crucial to recognize what's in the valuation already and how your views differ.
Ubiquitous Thoughts • 98 implied HN points • 12 Jul 23
  1. Sunil Nagaraj shares his unique career journey and entrepreneurial experiences
  2. Insights on the 'Solo GP' model of venture capital and lessons learned from pitching LPs
  3. Focus on investments in deeptech startups and the importance of authenticity in career endeavors
The Parlour • 21 implied HN points • 20 Dec 23
  1. Recent research is exploring innovative methods for quantitative investing, such as using deep learning algorithms and new portfolio optimization models.
  2. There are profitable opportunities in the ETF lending market due to cost differences between borrowing ETFs and stocks, creating room for cross-ETF arbitrage.
  3. Studies are showcasing the importance of adaptive investment strategies focused on resilience, active ownership, and broader financial models to navigate fast-changing environments.
The Data Score • 39 implied HN points • 05 Jun 23
  1. Data monetization involves creating revenue streams by refining and selling accumulated data.
  2. Large Language Models (LLMs) are advanced AI models trained on vast amounts of text data for generating human-like responses in various applications.
  3. Alpha generation in finance refers to outperforming the market or generating excess returns in an investment strategy.
Technology Made Simple • 79 implied HN points • 25 Jun 22
  1. First principles analysis of information is crucial to avoid being manipulated on social media
  2. Crypto crashes are often fueled by greed, FOMO, lack of regulations, and vulnerability to malicious actors
  3. Cryptocurrency market crashes are not the same as stock market sales, as many crypto projects lack profitability plans and are based on speculative principles
The Green Techpreneur • 4 implied HN points • 15 Sep 23
  1. CEEZER is a marketplace platform bringing harmony, transparency, and data to the carbon market.
  2. CEEZER aims to help buyers and sellers navigate the complexity of carbon quality and buying decisions by providing 3.5 million data points and AI analysis.
  3. Magnus and his team built CEEZER to provide a data-driven, non-BS approach to the carbon market, focusing on impactful climate action and long-term commitment.
Austin's Analects • 19 implied HN points • 10 Aug 22
  1. Real estate investing requires both learning and actually taking action - spending time learning is important, but actually doing it is crucial for success.
  2. The Live-In Flip strategy is a conservative way to start real estate investing without high risks, providing opportunities for learning and DIY renovations to build equity.
  3. Live-In Flipping has pros such as tax benefits, renovating at a comfortable pace, learning opportunities, saving money with DIY projects, but also cons like living in a construction zone, potential emotional attachment to the property, and continuous work requirements.
Superfluid • 2 HN points • 14 Jun 23
  1. The current venture capital model is flawed with oversupply of capital leading to inflated early-stage valuations.
  2. There is a need for a rethinking of venture capital funding model to balance fund size, number of investments, and ownership stake.
  3. Smaller seed rounds focused on hitting milestones may be more rewarding than accepting large cheques with high valuations.
The Skip • 2 implied HN points • 19 Feb 23
  1. Equity in tech companies is important as it can result in significant financial gains for employees
  2. Understanding terms like vesting, cliff, exercise, and strike price is crucial in valuing equity packages
  3. Different types of equity instruments like restricted stock, stock options, and RSUs have unique tax implications and considerations
Equal Ventures • 0 implied HN points • 28 Sep 23
  1. Climate progress is not solely dependent on federal legislation like the IRA; local and state levels play a crucial role in accelerating climate action.
  2. Storage technology was a major focus at the Climate Capital Summit, with discussions on its versatile applications across various industries and its potential to drive positive growth in the climate sector.
  3. While there's a push to reduce funding to big oil, there's also recognition of the role oil and gas companies can play in advancing climate initiatives, leveraging their resources and expertise for progress.
Equal Ventures • 0 implied HN points • 14 May 20
  1. Equal Ventures values cognitive diversity in their team, believing it provides unique insights into the markets and companies they invest in.
  2. The firm has a standard reading list for new hires, consisting of books that have influenced the structure of Equal Ventures, their investment decisions, and how they work with entrepreneurs.
  3. Books recommended by Equal Ventures include titles exploring technological revolutions, Venture Capital history, platform business models, management frameworks like OKRs, and strategies for value creation and competitive advantage in investing.