The hottest Leverage Substack posts right now

PULSE is a quick triage framework that uses five signals across all three financial statements to decide if a stock deserves deeper research, classifying names as not interesting, attractive at a high price, or attractive at an interesting price.
Apple shows strong economic profits, strong underlying free cash flow, and almost no net debt, but its smoothed FCF yield (~3.5%) and EV cap rate (~3%) are low, meaning the market is pricing in high future growth.
As a result, Apple is a high-quality company but not interesting at the current price, so it isn’t worth a deeper research effort right now.

Borrowed money is the main cause of Bitcoin crashes. Heavy debt creates cascades of losses that amplify price drops.
The crashes repeat and resemble traditional market meltdowns, not just a simple battle between believers and skeptics.
Bitcoin fell sharply from its 2025 highs — over $120,000 and roughly $2 trillion in value — to about half that, including a one-week drop of about 25%.

Private credit is far more fragile than it’s marketed to be; many funds are highly leveraged and lightly regulated, so they can suffer big losses when conditions change.
Some funds have already taken large markdowns because borrowers and business models that depended on cheap debt are now failing, which translates into real capital destruction for investors.
The easy-money environment masked these weaknesses, and as borrowing costs rise more loans tied to fragile businesses will likely deteriorate, implying broader stress ahead for the private-credit market.

Entrepreneurship is not limited to being a startup founder with venture capital, it is a broader concept that involves problem-solving, risk-taking, and resource management.
Common definitions of entrepreneurship emphasize risk-taking and creating economic value, but a more inclusive definition should focus on problem-solving with limited resources and seeking leverage.
Examples of entrepreneurship span beyond traditional business ventures and can include activities like writing on platforms such as Substack or a college student taking unconventional steps to secure internships.

Answer 'tell me about yourself' authentically to connect with people
Utilize different variations of the question like 'What's your story?'
Identify common interests with others through specific lenses like communication, learning, motivation, markets, coordination, and leverage

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Derivatives are financial contracts that get their value from underlying assets, like futures and swaps. They help traders in risking less money for potentially larger rewards, but also come with increased risks.
Perpetual swaps are a popular type of derivative in crypto because they allow traders to hold positions indefinitely. This means you can bet on price movements of cryptocurrencies without actually having to own them.
Using futures allows for predictable costs and known risks, while perpetual swaps offer more flexibility but with variable costs. Traders can choose based on whether they prefer stability or flexibility in their trades.

The collapse of Long-Term Capital Management had significant implications for the finance industry.
One possible reason for LTCM's downfall was overreliance on sophisticated modeling.
Although LTCM had managed its leverage tightly, it still faced a perilous downfall due to a combination of factors.

We live in an age of leverage where modern technology and debt allow us to achieve more with less. How we use this power matters.
Seeking perfection can be limiting. Embracing imperfections and uncertainties can lead to more growth and aliveness.
Integrity in conscious leadership is pivotal. Understanding and embracing integrity can help improve leadership effectiveness.