The hottest Market Substack posts right now

And their main takeaways
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A Friendly Appeal to the Unconvinced

Bet On It • 171 implied HN points • 17 Jun 25
🇺🇸 U.S. Politics Economics Government Policy Market Inequality
  1. Governments often fail to effectively address social problems due to mismanagement of economic principles. They usually implement policies that sound good but don’t actually help.
  2. A lot of current government actions may sound good, but they lead to negative outcomes. This shows that just fixing individual issues isn't enough; we need to rethink the overall role of government.
  3. If markets are better at creating positive outcomes than governments, then reducing government power could lead to better solutions for society.

Really good AI would make economic management much easier (Wonkish)

Philosophy bear • 107 implied HN points • 27 Jan 25
🕹 Technology AI Economics Regulation Labor Market
  1. Good AI could help manage the economy by making it easier to fix problems like monopolies or pollution. This means we could better control and regulate businesses to benefit everyone.
  2. If AI can do many jobs humans do now, it could save a lot of money on regulatory costs. This would make it easier for governments and companies to comply with rules and regulations.
  3. With better data and smarter tools, we could understand the costs and benefits of economic actions more clearly. This would help in making better decisions about taxes, regulations, and contracts.

Luka Doncic and the market for lemons

Silver Bulletin • 679 implied HN points • 02 Feb 25
🎾 Sports Basketball Athletes Trade Analysis Market
  1. Luka Doncic being traded to the Lakers surprised everyone because such big trades are rare. Usually, it happens when teams are struggling or a player is unhappy.
  2. Typically, there's a lot of drama leading up to a superstar trade, but Doncic's trade happened suddenly without warning signs.
  3. People are questioning whether the Mavericks made a poor choice in trading Doncic without getting more in return, stirring curiosity about their decision-making.
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The dream of deregulation - the grid part III

Construction Physics • 9812 implied HN points • 17 Jun 23
💼 Business Energy Regulation Competition Market Policy
  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.

🏆 Cannibal stocks

Compounding Quality • 2024 implied HN points • 01 Jun 23
💰 Finance Stocks Investing Companies Market
  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.

Sam Altman’s GPT5 Tweet: Line by Line Analysis

Enterprise AI Trends • 295 implied HN points • 14 Feb 25
🕹 Technology AI Product Business Innovation Market
  1. GPT-5 will simplify how users interact with AI by combining different models into one. This means users won’t need to learn about what each model does, making it easier for everyone to use.
  2. There will be different levels of intelligence that users can access by paying more. This 'pay-for-sophistication' model allows users to get better answers while also helping OpenAI make more money.
  3. GPT-5 will act like a smart assistant that decides how to process user requests. This means better performance and less complexity for developers, as the AI will automatically choose the best way to respond.

Genesis Wins Court Ruling to Sell Tranche of GBTC Shares

Bitcoin Magazine Pro • 432 implied HN points • 09 Feb 24
💰 Finance Cryptocurrency Legal Market Investment Debt
  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.

Problems at an ARK Invest Favorite

The Bear Cave • 1026 implied HN points • 07 Mar 24
💰 Finance Investing Stocks Analysis Market
  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.

Caution: Hack Impacting Crypto-Savvy Users (+ Market Update)

DeFi Education • 839 implied HN points • 20 Apr 23
🔮 Crypto Security Wallets Tokens Market
  1. There is a troubling trend of hacks affecting experienced crypto users, including early Ethereum wallet holders. These users are usually security-conscious, which raises questions about how the hacks are happening.
  2. The hacks started in December 2022 and have resulted in over $10 million in stolen assets across multiple chains. A wide variety of wallets have been targeted without a clear pattern emerging.
  3. Even users of hardware wallets are not safe from these hacks. It's crucial to understand how crypto transactions work to really protect your assets, as malware can trick you into signing bad transactions.

Chartbook #203 Banking crises, states of exception & the disappointment of sovereignty - a roundup of last week.

Chartbook • 1659 implied HN points • 19 Mar 23
💰 Finance Banking Market Crisis Regulations Economy
  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.

China On Track To Pass Japan in Auto Exports

Japan Economy Watch • 479 implied HN points • 25 Apr 23
💼 Business Automotive Technology Market Industry Competition
  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.

Is $7.2B a lot of money for Squarespace?

Alex's Personal Blog • 65 implied HN points • 17 Oct 24
💼 Business Finance Tech Market Investing Startups
  1. Squarespace was recently sold for $7.2 billion, which some believe is a lot of money. They managed to increase their sale price by over 5% from a previous offer.
  2. The company showed strong growth, with its revenue growing by 20% year over year, and it has a solid cash position. This performance raises questions about whether they sold themselves too cheaply.
  3. Even though the sale price seems high, Squarespace might have been worth more based on its growth and financial metrics. Some think they could have waited for better market conditions before selling.

What’s Deadweight Loss?

Something to Consider • 19 implied HN points • 31 Jul 24
💰 Finance Economics Trade Market Monopoly Taxation
  1. Deadweight loss happens when goods that could have been produced and sold efficiently are not. It means losing out on potential benefits to both sellers and buyers.
  2. This loss can occur in situations like monopolies where one seller controls the market and prices goods higher than in a competitive market.
  3. Taxes can also create deadweight loss by making some products too expensive to produce, which leads to fewer goods being available for consumers.

The Dying Banks and the Singularity

The Dollar Endgame • 339 implied HN points • 12 May 23
💰 Finance Banking Investments Market Regulations Risk management
  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.

209. Why are people so quick to proclaim failure for new products?

Hardcore Software • 575 implied HN points • 06 Jun 23
🕹 Technology Innovation Market Product Development Prediction Tech industry
  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.

The Case for Blockchain Decentralization is Overstated

Something to Consider • 19 implied HN points • 24 Jul 24
🔮 Crypto Blockchain Decentralization Efficiency Auctions Market
  1. A lot of blocks on Ethereum are being built in a centralized way, which raises concerns about fairness and efficiency. People enjoy the open nature of blockchains, but if they feel transactions could be ignored or censored, they might stop using them.
  2. Some proposed solutions, like execution tickets, aim to mix fairness with efficiency when it comes to block-building. However, some argue that just focusing on the most efficient way to auction blocks won't account for user concerns about centralization.
  3. The debate about how decentralized block-building should be is complex. Finding the right balance between efficiency and fairness may require long-term studies or prediction markets to get a clearer picture.

Which PC genres convert pre-launch interest the best?

The GameDiscoverCo newsletter • 294 implied HN points • 15 May 23
🕹 Technology Gaming Cloud Hardware Market Streaming
  1. Consider that the best-converting PC genre tag is 'Escape Room', but creating these games may pose challenges like online co-op mechanics.
  2. While 'Sports' is another well-converting genre, success in niche games might not guarantee significant financial results.
  3. Cloud gaming competition concerns arise as Microsoft's acquisition of Activision Blizzard is cleared by the EU, with conditions, amid regulatory scrutiny.

Software Developer Influencers: The Modern Snake Oil Salesmen

Based Meditations • 278 implied HN points • 19 Aug 23
🕹 Technology Programming Influencer Career Market Culture
  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

The Last Flight on Mars.

News Items • 137 implied HN points • 26 Jan 24
💼 Business Economy Market Policy
  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.

Buon Anno!

Greed • 137 implied HN points • 24 Jan 24
🍲 Food & Drink Recipes Market Ingredients Cuisine
  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 ​

($) Why is China Investigating Nvidia: Blackwell

Interconnected • 77 implied HN points • 17 Dec 24
🕹 Technology AI Regulation Market International Economics
  1. China's government is investigating Nvidia, which is unusual because they haven't gone after a foreign company like this before. This shows a shift in how they are handling international businesses.
  2. The timing of the investigation is interesting since it came shortly after Nvidia's CEO received an honorary degree and had meetings with Chinese officials. It may not be all negative for Nvidia.
  3. Despite the investigation, Nvidia plans to increase its workforce in China, focusing on research and development. This suggests they want to continue growing their presence there.

Lou Jiwei on China's banking, PE/VC, IPOs, and Big Tech's role in lending

Pekingnology • 49 implied HN points • 06 Jan 25
💰 Finance Banking Investment Regulation Technology Market
  1. Finance should support high-quality development by improving access to loans for private companies. This includes reducing risks for banks and treating all companies equally, whether state-owned or private.
  2. Government-backed venture capital funds need to focus more on market-driven models. This will help them foster innovation while allowing for some tolerance of failure among startups.
  3. It's important for internet platforms to share the risk in lending to small businesses. By co-lending a portion of the loans, they can help prevent systemic risks in the financial system.