The hottest Investments Substack posts right now

And their main takeaways
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Top Business Topics

Space Ambition: 2023 Year in Review

Space Ambition • 259 implied HN points • 30 Dec 23
🕹 Technology Investments
  1. The subscriber count grew seven times this year, increasing from 1,500 to over 9,800. This shows strong interest in spacetech content across many countries.
  2. The blog published 52 posts, with an impressive average of 5,000 to 7,500 views each. Popular sections included interviews with industry leaders and insights into various countries' space tech ecosystems.
  3. The team was active in the spacetech community, hosting events and mentoring startups, while also achieving a successful satellite launch. They valued the contributions of volunteers and the support from recognized blogs.

The Who and Why of Spacetech Investments

Space Ambition • 119 implied HN points • 05 Apr 24
💼 Business Investments
  1. Interest in spacetech is growing fast, with many venture capital firms looking to invest. This area is part of a larger category called deeptech, which is seen as complex and risky.
  2. Investors are drawn to spacetech for its long-term potential, much like investing in successful tech companies in their early days. They want to be part of something big that could change the future.
  3. Despite a recent drop in overall investment activity, specialist funds are still eager to invest in spacetech. They see value in supporting innovative sectors that could lead to significant advancements.

Nelnet Shows Some Skin

Mindset Value • 393 implied HN points • 09 Mar 23
💰 Finance Investments
  1. Nelnet's book value has grown consistently and it has never had a losing year, which is impressive.
  2. Nelnet is undervalued as its book value does not reflect the true value of its businesses and investments.
  3. Nelnet's investments in companies like ALLO, solar energy, and HUDL show potential for significant growth and increased value.

TAM - that's Totally A Made Up Number. | Needs More Scientists In VC | VC Remote Jobs

Venture Curator • 179 implied HN points • 15 Feb 24
💼 Business Investments
  1. Focusing on capturing a small share of a well-defined market is more strategic than aiming for a tiny portion of a giant market.
  2. Encouraging scientists to enter venture capital can drive innovation and align with objective data over marketing dominance.
  3. The shift to using SAFE valuation caps in fundraising reflects a dominant trend, especially in specific sectors like SaaS, Fintech, Gaming, and Edtech.

Inside Aldersgate's financial woes

The Charlotte Ledger • 196 implied HN points • 02 Feb 24
💰 Finance Investments
  1. High-level staff members at Aldersgate met with state regulators due to concerns about financial mismanagement.
  2. State regulators increased oversight as tensions escalated among staff, board members, and residents.
  3. Aldersgate faced financial difficulties that led to state intervention and the dismissal of the CEO.
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Paypal's 'Going Sharp' Stategy To Find Product Market Fit | VC Distributions Sink To 14-Year Low | VC Remote Jobs ....

Venture Curator • 179 implied HN points • 13 Feb 24
💼 Business Investments
  1. PayPal's 'Going Sharp' strategy focused on specific customer segments and key features for successful growth.
  2. Venture Capital distributions hit a 14-year low, affecting LP reinvestment willingness.
  3. Valuation caps varied based on round size in 2023 post-money SAFEs for US companies, highlighting caution against blind use of multiple caps.

FTX is Coming for Customer Assets

DeFi Education • 399 implied HN points • 13 Sep 23
🔮 Crypto Investments
  1. FTX filed for bankruptcy in November 2022, which affected many customers. It was a significant moment for the cryptocurrency world.
  2. A lot of money has been spent on legal fees since then, which reduces what could be given back to customers. This makes the situation worse for those who lost money.
  3. FTX recently released a lengthy presentation about their progress since filing for bankruptcy, likely to keep customers informed.

💥"Position Enhancing Transactions"💥

PETITION • 373 implied HN points • 21 May 23
💼 Business Investments
  1. Banks changed behavior post-GFC, leading to aggressive borrower actions.
  2. PE shops have more cash post-GFC and less concern about lenders.
  3. Liability management transactions like PETs are popular due to bankruptcy outcomes and accommodative judges.

Hovnanian 4Q 2025 Results

Erdmann Housing Tracker • 42 implied HN points • 05 Dec 25
💼 Business Investments
  1. Hovnanian reported their fourth-quarter earnings and mostly met their expectations. However, there were challenges like refinancing and losses from land sales.
  2. The stock market reacted negatively, with Hovnanian's stock falling about 20% in one day.
  3. Investors were likely disappointed due to the mixed results and the unexpected losses, which affected their confidence in the company.

The $153 billion power leak

Becoming Noble • 358 implied HN points • 16 Mar 23
💰 Finance Investments
  1. When betting against the system, bet big to secure assets - lessons from the SVB collapse.
  2. Question ownership and control of your assets. Be prepared for unanticipated vulnerabilities in the system.
  3. In financial dealings, always think ahead and consider the risks. Act like the system might fail and prepare for it.

The Next Big Airdrop and What the FOMC Means for Crypto

DeFi Education • 739 implied HN points • 24 Mar 23
🔮 Crypto Investments
  1. Recent bank collapses have shaken the financial system, making people more aware of crypto's role. This seems to be causing more interest in cryptocurrencies.
  2. Big events like the ARB airdrop and the arrest of the Luna founder highlight that there are constant changes and opportunities in the crypto market.
  3. The FOMC meetings can affect crypto prices, so it's important for investors to stay informed about these economic updates.

The Bear Cave #254

The Bear Cave • 489 implied HN points • 29 Dec 24
💼 Business Investments
  1. A blogger raised concerns about SoundHound AI, saying it may be losing clients to cheaper and better technology. This could mean big changes for the company.
  2. There have been several high-profile resignations at major companies like Fastenal and Arhaus. These leadership changes could affect their future performance.
  3. The weekly tweets section highlights some interesting social media discussions related to these companies. It's a good way to see what people are saying online.

Money Market Update

Concoda • 221 implied HN points • 02 Jun 25
💰 Finance Investments
  1. The money market is moving from a period of cash abundance to more careful funding conditions. This could affect how money flows in the next few months.
  2. A big change is expected once the debt limit is resolved, which could lead to a surge in bills. This might reduce the reserves banks have available.
  3. Foreign investors may be less interested in U.S. Treasury securities because other local bonds offer better returns. This could impact future U.S. debt sales.

Some early lessons of 2024 in the energy sector

Jérôme à Paris • 510 implied HN points • 24 Dec 24
🌞 Climate & Environment Investments
  1. Solar energy is growing really fast, leading to more electricity than we often need, causing prices to drop sometimes.
  2. Energy storage is becoming super important to handle all the extra solar power, but keeping up with the growth is tricky.
  3. Despite talk of a big rise in energy demand, actual usage is mostly stable or even going down in many places, especially in Europe.

UnblockFi

DeFi Education • 339 implied HN points • 01 Oct 23
🔮 Crypto Investments
  1. BlockFi has officially confirmed its chapter 11 bankruptcy plan. They will be winding down operations under the control of creditors.
  2. Celsius's bankruptcy process is nearing completion, as creditors have agreed to the necessary steps.
  3. These updates highlight the ongoing issues within the cryptocurrency industry, especially related to financial management and customer trust.

The Dying Banks and the Singularity

The Dollar Endgame • 339 implied HN points • 12 May 23
💰 Finance Investments
  1. There is a financial crisis brewing with banks collapsing and facing liquidity issues, leading to a rapid withdrawal of funds from the system.
  2. Banks like Silicon Valley Bank have made risky investments with high-end clients, creating vulnerabilities in the financial sector.
  3. The Federal Reserve's policies have inadvertently caused a drain on traditional banks, pushing money into shadow banks and triggering a potential chain of bank failures.

UnitedHealth Group's Q2 2023 earnings report shows billion dollar gains in pharmacy benefit business, tax-funded programs

HEALTH CARE un-covered • 459 implied HN points • 17 Jul 23
💰 Finance Investments
  1. UnitedHealth Group reported a big increase in revenue and profits, mainly from its pharmacy benefit business and taxpayer-funded programs. They made over $12 billion more than last year.
  2. The company saw significant growth in its Medicare and Medicaid programs, with enrollment in these government programs increasing faster than in traditional commercial plans.
  3. UnitedHealth's Optum division, which provides healthcare services, is growing rapidly, allowing the company to manage costs better and avoid paying out more in claims.

Problems at Sezzle (SEZL)

The Bear Cave • 443 implied HN points • 02 Jan 25
💰 Finance Investments
  1. Sezzle is a payment platform that allows customers to buy now and pay later, but there are concerns about its roles in facilitating fraud and illegal businesses.
  2. Some online pharmacies using Sezzle have been found to sell unapproved or counterfeit drugs, leading to consumer complaints about quality and delivery issues.
  3. Regulatory actions against companies like Google and past illegal activities show the serious risks and penalties involved in dealing with rogue online pharmacies.

Top Links 644 Buffett's filthy power plants. Inflation dynamics. Indian wars, Zazous & Pet Shop Boys

Chartbook • 371 implied HN points • 09 Feb 25
💼 Business Investments
  1. Buffett's company, Berkshire Hathaway, runs some of the dirtiest coal power plants in the US. This highlights concerns about environmental responsibility.
  2. There are interesting discussions about inflation dynamics. Understanding these can help us navigate economic changes.
  3. The mention of Indian wars, Zazous, and Pet Shop Boys suggests a mix of cultural and historical themes worth exploring. Each has its unique impact on society.

Top Links 573 US bank failures. Gas-powered trucks. The Suriname debt crisis & the underground struggle in Colombia.

Chartbook • 500 implied HN points • 27 Nov 24
💰 Finance Investments
  1. There have been 573 bank failures in the US, which is a significant number. This may affect the economy and people's trust in banking.
  2. Gas-powered trucks are still widely used, indicating ongoing reliance on fossil fuels. This might have implications for environmental discussions and policies.
  3. The Suriname debt crisis and struggles in Colombia show that economic challenges are not only local but also global. These situations need attention and understanding from a broader perspective.

Peru's natural resources: CIA-linked US ambassador meets with mining and energy ministers to talk 'investments'

Geopolitical Economy Report • 398 implied HN points • 19 Jan 23
🌍 World Politics Investments
  1. Peru is rich in natural resources like copper, gold, zinc, silver, and natural gas, making it a hub for transnational corporations who heavily invest in the mining sector.
  2. President Pedro Castillo aimed to ensure that 70% of mining proceeds went to the state for social programs, but after a coup, the focus shifted back to foreign corporate investments, reversing progressive economic plans.
  3. Natural gas, particularly liquefied natural gas (LNG), plays a significant role in Peru's exports, with a notable shift towards Europe as a top importer following a boycott of Russian energy.

Top Links 605 The story of FRED. Africa's looming debts. The world of copper & art in airports.

Chartbook • 429 implied HN points • 01 Jan 25
💰 Finance Investments
  1. FRED is an important economic tool that helps track data over time, starting in the 1960s with economist Homer Jones. It shows how data can help understand the economy better.
  2. Africa is facing significant debt challenges, and awareness of these issues is crucial for global economic stability. It highlights the financial struggles many countries are experiencing.
  3. The connection between copper and art in airports showcases how different economic sectors can intersect. It's interesting to see how materials and art affect spaces we use every day.

Making Bonds in DeFi

DeFi Education • 439 implied HN points • 05 Jul 23
🔮 Crypto Investments
  1. DeFi often feels disconnected from the real world because it primarily uses digital tokens within its own systems. To bridge this gap, there's a push to connect real-world assets to DeFi, called RWAs.
  2. New funds like SuperState aim to provide stable, low-risk investments linked to U.S. government securities, making it easier for crypto users to access traditional financial products.
  3. Regulatory issues and market trust are key challenges for DeFi and RWAs. For DeFi to grow, there needs to be better cooperation with existing legal systems and traditional finance to foster a true merge of both worlds.

Top Links 574 Gold stumbles. How Trump cost Boeing $3 billion. The UK's bitcoin haul. Beak capitalism.

Chartbook • 486 implied HN points • 28 Nov 24
💰 Finance Investments
  1. Gold prices are struggling and have not been performing well recently. This trend is something to watch in financial markets.
  2. Former President Trump had a significant impact on Boeing, costing the company around $3 billion. This shows how political decisions can affect big businesses.
  3. The UK has seen a notable increase in Bitcoin income, which highlights the growing interest in cryptocurrencies in the region.

Infographics: Centrally Cleared U.S. Treasury Market Flows

Concoda • 178 implied HN points • 13 Jun 25
💰 Finance Investments
  1. The U.S. Treasury market uses a central counterparty to manage trades. This helps ensure that transactions are processed smoothly and securely.
  2. Understanding the flow of money in the U.S. Treasury market is important for seeing how the economy functions. It gives insights into larger financial trends.
  3. Infographics can help simplify complex information about the Treasury market, making it easier to understand for everyone. Visuals often make learning about finance more accessible.

Top Links 568 Stock markets in the 2nd Trump Presidency. How emering markets emerged. Indian food inflation & the global wine glut.

Chartbook • 486 implied HN points • 22 Nov 24
💰 Finance Investments
  1. Stock markets might struggle to reach new highs during Trump's second term compared to his first term.
  2. Emerging markets have become more prominent in the global economy, showing their growth potential.
  3. Food inflation in India and oversupply in the wine market are significant trends affecting consumers today.

Satellite Internet: The Next $100B Market Investors Have Been Waiting For?

Space Ambition • 279 implied HN points • 20 Oct 23
🕹 Technology Investments
  1. Satellite internet uses space satellites to provide internet access instead of cables. This technology has been around for over 70 years and is trying to help connect underserved areas.
  2. While satellite internet is growing, it currently has limited speed and higher costs compared to fiber internet. Most people still rely on fiber for quicker and cheaper connections.
  3. The satellite internet market is expected to expand a lot in the coming years, with many startups getting involved. Investors see potential in this area to bridge the digital divide.

What We're Doing in Crypto Right Now

DeFi Education • 1438 implied HN points • 16 Apr 22
🔮 Crypto Investments
  1. The crypto market is very volatile, with prices going up and down a lot. Many people get emotional and make quick buying or selling decisions.
  2. Taking a longer-term view on crypto investments can be more beneficial. Staying calm and not reacting to daily price changes helps maintain strategy.
  3. It's important not to panic during market drops. Keeping a steady approach can lead to better outcomes in the long run.

DeFi Education Q&A (September 2023)

DeFi Education • 299 implied HN points • 17 Sep 23
🔮 Crypto Investments
  1. The Q&A sessions provide expert insights from experienced professionals in finance and technology. It's a good way to learn from people who really know their stuff.
  2. These sessions are designed to help both new and existing subscribers understand complex ideas in DeFi easier. They make learning accessible and engaging.
  3. As a paid subscriber, you can access these valuable discussions and ask your own questions. It's a way to connect with knowledgeable folks and get direct answers.

Daily Chartbook #262

Daily Chartbook • 1598 implied HN points • 19 Aug 23
💰 Finance Investments
  1. China real estate market poses risks globally, but international policy response is expected
  2. Default rates are rising slowly over the past 12 months
  3. Large-scale M&A deals above $10 billion have increased in the second quarter

TSM - It's Good to Be the King: 1 Trillion Incoming

Mule’s Musings • 366 implied HN points • 21 Jan 25
💼 Business Investments
  1. TSMC has reported impressive growth, especially with a 35% increase in capital expenditures. This shows they are investing heavily in their future.
  2. The demand for AI-related products is driving TSMC's revenue, with expectations for AI revenue to double in 2025. This is a big part of their expected growth moving forward.
  3. As competitors struggle, TSMC is gaining market share and experiencing growing profits. They are on track to potentially become a trillion-dollar company.

What did Meta buy? A person? A dataset? A capability?

Alex's Personal Blog • 164 implied HN points • 26 Jun 25
🕹 Technology Investments
  1. Meta's recent purchase of Scale AI raises questions about what they actually acquired. It could be talent, data, or technology, but its true value remains uncertain.
  2. The reintroduction of the Open App Markets Act aims to break the hold that Apple and Google have on app markets, offering consumers more choices and less control from big tech companies.
  3. There's an ongoing debate about the use of copyrighted materials for AI training, with companies facing lawsuits for using pirated books while some fair use cases are recognized, reflecting the complex legal landscape in the AI space.

Do emerging and frontier markets diversify?

Klement on Investing • 1 implied HN point • 03 Mar 26
💰 Finance Investments
  1. Correlations between developed, emerging, and frontier markets rise as the investor’s time horizon lengthens, so diversification benefits shrink over longer horizons.
  2. Despite higher long-run correlations, optimal minimum-variance portfolios still hold a meaningful share of emerging and frontier markets—typically around 20% or more—even at the longest horizon tested.
  3. Typical investor allocations to emerging markets (around 10–15%) are likely lower than the allocation suggested by these optimal portfolios, implying many investors may be underinvested.

The lies we tell ourselves

Known Unknowns • 275 implied HN points • 03 Apr 23
💰 Finance Investments
  1. Interest rates may not return to normal, so be cautious. Collective DC plans might not be as ideal as they seem.
  2. Don't expect a recession to automatically solve inflation issues; it may not work as expected.
  3. Inflation brings uncertainty, making high real yields essential, and planning for Social Security reforms could involve risky collective DC plans.

Daily Chartbook #267

Daily Chartbook • 1441 implied HN points • 26 Aug 23
💰 Finance Investments
  1. Pending home sales rose slightly in July, but still below pre-pandemic levels.
  2. Median home sale price increased in July due to limited housing supply.
  3. High mortgage rates are leading to a decrease in housing supply.

Daily Chartbook #248

Daily Chartbook • 1493 implied HN points • 01 Aug 23
💰 Finance Investments
  1. Zillow expects U.S. home prices to rise 6.3% between June 2023 and June 2024.
  2. Zillow's rent index indicates a sharp decline in rent prices ahead.
  3. Resuming student loan payments in October will decrease consumer spending by about $9 billion per month.