The hottest Market Substack posts right now

And their main takeaways
Top Business Topics
Bitcoin Magazine Pro • 432 implied HN points • 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.
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The Sunday Morning Post • 58 implied HN points • 11 Feb 24
  1. The housing crisis has worsened in recent years due to factors like increased rents and higher home prices, impacting policymakers and individuals alike.
  2. The root of the housing crunch dates back to the Great Recession in 2007, leading to a significant drop in new home construction that never fully recovered.
  3. To ease the housing crunch, there is a need for an increase in the construction of various types of housing units, which has already shown some promise in the rental market.
Construction Physics • 9812 implied HN points • 17 Jun 23
  1. Electric power in the US was historically monopolized by utility companies, but cracks in the system started to appear in the 1960s and 1970s.
  2. The Public Utility Regulatory Policies Act of 1978 revolutionized the energy industry by creating a new class of independent power producers called Qualifying Facilities, leading to an increase in non-utility electricity generation.
  3. Deregulation of the electric power industry began in the 1990s and 2000s, with the unbundling of generation and transmission services, creation of new power suppliers like Exempt Wholesale Generators, and the establishment of Independent System Operators and Regional Transmission Organizations to introduce competition.
News Items • 137 implied HN points • 26 Jan 24
  1. The US economy outperformed China's in 2023, showing strong growth post-pandemic.
  2. Consumer spending in the US prevented a recession in 2023, with the economy growing 3.1%.
  3. Chinese leaders are taking urgent measures to revive the economy, showing concerns about economic stability.
Greed • 137 implied HN points • 24 Jan 24
  1. Italian tradition of saying 'Buon Anno' can lead to interesting culinary experiences like the Florentine steak ​
  2. Personal rituals can offer a meaningful way to mark important life events like giving up drinking ​
  3. Seasonal, local food not only tastes better but also encourages more creative cooking by working with what's available ​
The Sunday Morning Post • 78 implied HN points • 28 Jan 24
  1. A series of lawsuits have shaken up the National Association of Realtors and real estate brokerage firms, potentially leading to changes in how homes are bought and sold.
  2. The lawsuits focus on inflated commissions in real estate transactions, aiming to decouple commissions between buyers' and sellers' agents, and could lead to different compensation structures in the industry.
  3. A new organization, the American Real Estate Association, has emerged to challenge the NAR's hold on the real estate market by offering more flexible commission fees and membership dues.
Tanay’s Newsletter • 189 implied HN points • 19 Dec 23
  1. Acquiring large startups is becoming tougher due to increased scrutiny from regulators.
  2. The actual deal price for Adobe's acquisition of Figma would have been higher due to stock price fluctuations.
  3. Breakup fees like the $1B termination fee can significantly impact companies and indicate bargaining power.
Compounding Quality • 2024 implied HN points • 01 Jun 23
  1. Cannibal stocks are companies buying back their own shares, increasing your ownership without effort.
  2. Buybacks create value when a stock is undervalued, like investing in your own company.
  3. 15 high quality cannibal stocks have criteria like ROIC, profit margin, EPS growth, and decrease in shares outstanding.
Economic Forces • 4 implied HN points • 15 Feb 24
  1. Lab-grown beef becoming a closer substitute for conventional beef can impact the supply of hides available for leather, affecting industries like luxury fashion.
  2. The theory of joint production explains the interconnectedness of markets where goods share production inputs, highlighting how changes in demand for one output can affect others.
  3. Understanding joint production in economics goes beyond standard supply and demand models, revealing complex relationships and teaching humility about the real-world supply chains.
Chartbook • 1659 implied HN points • 19 Mar 23
  1. A stressful day for financial markets due to negotiations about the future of Credit Suisse.
  2. Switzerland considering emergency measures for UBS to take over Credit Suisse amid banking crises.
  3. Signs of negative impact on the real economy, especially through small banks and commercial real estate loans.
Hardcore Software • 569 implied HN points • 06 Jun 23
  1. Most new products in the market tend to fail, so predicting failure can be a way to gain social status.
  2. Predicting failure of new products has always been popular and attention-grabbing throughout different eras.
  3. Success in launching a new product heavily depends on navigating risks and uncertainties, making predicting success challenging.
In My Tribe • 446 implied HN points • 01 Jul 23
  1. Incentives in health insurance systems can be misaligned, leading to issues like services being rationed for those with expensive illnesses.
  2. Government can create artificial pools within health insurance to avoid selection games, but challenges in insurer-provider conflicts may persist.
  3. Integrating health insurance with health care, like in HMOs, can help manage costs, but compensation methods for HMOs and providers remain contentious.
Dan Davies - "Back of Mind" • 393 implied HN points • 16 Jun 23
  1. The concept of 'change of valuation basis' in business can indicate stress and financial strain
  2. Valuing buildings can vary depending on the purpose, whether it's for selling, lending, or immediate sale
  3. Understanding 'change of valuation basis' sheds light on liquidity, solvency, and the socially constructed nature of financial reality
Reflections on "Going Down Tobacco Road" and Investing • 353 implied HN points • 23 May 23
  1. Tobacco stocks have generally had negative returns in 2023, except for Japan Tobacco.
  2. Despite declining cigarette volumes, 'Nicotine Delivery' companies are maintaining price increases and generating cash flow.
  3. Analysts are providing detailed reports on tobacco companies, their products, and industry trends.
Tanay’s Newsletter • 145 implied HN points • 06 Sep 23
  1. Instacart offers different products like an online grocery marketplace, an enterprise platform, and advertising services.
  2. The US grocery market has significant online growth potential, and Instacart is a major player in capturing that online market share.
  3. Instacart operates as a three-sided marketplace connecting retailers, customers, and shoppers, along with indirect involvement from CPG brands.
Let Us Face the Future • 137 implied HN points • 08 Sep 23
  1. High Bandwidth Memory (HBM) is crucial for datacenter AI accelerators and large language models due to its high bandwidth, low latency, and low power consumption.
  2. HBM is commercially viable, but cost and complexity remain restraints, making it more suitable for high-performance computing and AI rather than mainstream applications.
  3. The future growth of HBM depends on reducing costs, advancing technology like through-silicon vias, and addressing challenges like thermal management for wider adoption beyond datacenter and HPC.