The hottest Market Substack posts right now

And their main takeaways
Top Business Topics
The Bear Cave • 1026 implied HN points • 07 Mar 24
  1. The Bear Cave raises concerns about an ARK Invest favorite, suggesting it may not live up to the hype and bold promises of innovation.
  2. The company in question has been spending on questionable celebrity partnerships, leading to doubts about its true potential.
  3. Despite predictions of high growth, The Bear Cave predicts a potential crash for this company, signaling a caution for investors.
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.
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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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.
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.
Gordian Knot News • 124 implied HN points • 16 Mar 24
  1. Regulation of hazardous activities requires finding a balance between safety and economy to prevent both excessive harm and economic burden.
  2. Certification Societies, like those for ocean transportation and high-pressure steam, play a crucial role in setting industry standards, inspecting compliance, and ensuring safety.
  3. Underwriter Certification for nuclear power leverages market competition, government oversight, and insurance to provide a feasible and safe regulatory system for nuclear energy.
Investing 101 • 133 implied HN points • 02 Mar 24
  1. Technology as an asset class is relatively new in the stock market, with tech companies now dominating market capitalization.
  2. The age of dynamic dinosaurs is here, with established tech companies evolving and becoming more challenging to displace.
  3. Big markets attract big attention, but distribution is key for success in tech, as seen with companies like Microsoft leveraging built-in distribution for products like Teams.
Brad DeLong's Grasping Reality • 92 implied HN points • 28 Feb 24
  1. Management is different from hierarchical command-and-control, bureaucratic obedience, and market haggling. It's about reconciling various interests for the smooth operation of the system.
  2. Peter F. Drucker viewed the manager as a trustee of civilization and envisioned a role that balanced freedom, efficiency, equity, and order.
  3. Management is seen as a profession that aligns the interests of all stakeholders while ensuring the free development of individuals within society.
Artificial Ignorance • 67 implied HN points • 13 Mar 24
  1. Many of the best AI models and features are now hidden behind subscription paywalls, changing how we access and use powerful AI technologies.
  2. Leading AI companies like OpenAI, DeepMind, and Google offer paid versions of their chatbots with flagship models and extra features, contributing to the rise of subscription-based AI services.
  3. As the AI industry becomes saturated with monthly subscription options, consumers may experience 'subscription fatigue,' similar to what has happened with streaming services, leading to a complex decision-making process on which services to pay for.
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 ​
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.
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 • 455 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.
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.
The Jolly Contrarian • 59 implied HN points • 17 Feb 24
  1. A preamble in a legal document sets the scene and primes you for the contract, like a story's beginning. It's where important elements are hinted at before they become relevant.
  2. ISDA (International Swaps and Derivatives Association) has evolved from older versions like the 1992 ISDA to the more widely-used 2002 version, highlighting the slow adoption of new agreements in established industries.
  3. The ISDA Master Agreement includes important sections like the Schedule, which fine-tunes termination provisions and tax representations, and Transactions, which vary widely based on the type of swap being made.
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
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.
Based Meditations • 278 implied HN points • 19 Aug 23
  1. Becoming a software developer is highly appealing due to the potential for high salaries and the option to work from home
  2. Influencers in the software development space often oversimplify the requirements and challenges of breaking into the industry
  3. Having a degree, building a strong portfolio, and understanding the nuanced demands of the software industry are crucial for success
Japan Economy Watch • 479 implied HN points • 25 Apr 23
  1. China is set to overtake Japan in auto exports, driven largely by the rise of EVs.
  2. Japanese automakers risk repeating the decline of the Detroit Three by resisting the shift to electric vehicles (EVs).
  3. The dominance of Japanese automakers is being challenged by Chinese brands, mirroring a historical pattern of established companies failing to adapt to technological shifts.
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.