The hottest Wealth Management Substack posts right now

And their main takeaways
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Top Finance Topics

A Play-By-Play Of Jeffrey Epstein's Staggering Financial Illiteracy

TK News by Matt Taibbi • 2765 implied HN points • 13 Feb 26
💰 Finance Wealth Management
  1. Jeffrey Epstein, long billed as a Wall Street whiz, comes across as financially illiterate in an interview about the 2008 crisis.
  2. Many people are puzzled about how he made his money, and viewers hoped footage from Steve Bannon’s abandoned documentary would shed light.
  3. The Department of Justice released over 3 million documents that include the Bannon footage, and much of the interview focuses on finance and economics but still doesn’t clearly explain his fortune.

My 6 Rules of Money

The Honest Broker • 16955 implied HN points • 11 Feb 25
💰 Finance Wealth Management
  1. Money doesn't guarantee happiness. An athlete with a $100 million net worth felt miserable after retirement because he missed the purpose and routine sports provided him.
  2. Having goals and a sense of purpose is crucial for personal fulfillment. The athlete struggled to find meaning in life once he lost the structure that sports gave him.
  3. Simply having wealth can lead to a feeling of emptiness without passion or direction in life. It's important to have interests and commitments that keep you engaged beyond financial success.

Finance Is Easier to Move Than Tech

Points And Figures • 906 implied HN points • 23 Nov 25
💰 Finance Wealth Management
  1. Finance is easier to move than tech because it relies on digital interactions and less on physical locations. This makes cities less important for financial businesses compared to tech, which often depends on specific facilities and human networks.
  2. Cities like New York and San Francisco are losing talent and businesses due to high costs and regulations, while states like Texas and Florida are becoming more attractive. The movement is driven by factors such as taxes, regulations, and personal preferences.
  3. Personal connections and networks in places like Silicon Valley are hard to replicate, making tech harder to relocate. People often have strong ties to their local ecosystems, making them reluctant to move even when conditions are better elsewhere.

Je suis libre financièrement

L'Atelier Galita • 39 implied HN points • 03 Oct 24
💰 Finance Wealth Management
  1. Knowing how much money you need for a comfortable life is important. Many people struggle to figure out when they have enough and end up always wanting more.
  2. Financial freedom means earning enough money to do what you love without worrying about bills. It's about enjoying your work and feeling financially secure.
  3. There are different paths to financial freedom, like building passive income or earning money from your passions. It's possible to find joy in work while also being financially stable.
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7 Investing Habits That Matter More Than Stock Picks in 2026

Behavioral Value Investor • 193 implied HN points • 30 Dec 25
💰 Finance Wealth Management
  1. Be honest about your strengths and weaknesses as an investor and focus on improving your process; pick one area to work on deeply rather than trying to change everything at once.
  2. Do less trading and spend most of your time reading and learning, but be prepared to act decisively and take large positions when a high-conviction opportunity within your circle of competence appears.
  3. Keep realistic return expectations and maintain high investment standards; ignore market noise, hot trends, and persuasive promises that erode your margin of safety.

S&P Addiction

Investment Talk • 707 implied HN points • 06 Feb 24
💰 Finance Wealth Management
  1. Benchmarking can be a humbling but necessary process for investors to evaluate their performance relative to others.
  2. Choosing a benchmark is crucial for measuring investment success, considering time, effort, and opportunity costs involved in managing a portfolio.
  3. Fund managers and advisors use benchmarks for various reasons like performance evaluation, risk assessment, and ensuring accountability to clients.

Precious metals investing - a beginner's guide

Concepts of Finance 🧠 • 319 implied HN points • 11 Apr 24
💰 Finance Wealth Management
  1. Precious metals like gold and silver are valuable because they can hold their worth over time. People often invest in them as a safe way to protect against things like inflation and market changes.
  2. There are several easy ways to invest in precious metals, including buying physical bullion, using storage services, or buying shares in metal-focused ETFs and companies.
  3. There's a debate about whether gold or Bitcoin is a better store of value. Gold is physical and trusted by central banks, while Bitcoin is a digital asset with the potential for growth.

Links - 01/16/2024

Value Investing World • 432 implied HN points • 17 Jan 24
💰 Finance Wealth Management
  1. Trying to assign precise values to investments can be misleading and inaccurate.
  2. Security analysis does not require exact intrinsic value, just a rough estimate that indicates whether it's a good buy or not.
  3. Consider the imperfect nature of valuing businesses when making investment decisions.

Why pessimists make more money

Klement on Investing • 5 implied HN points • 24 Feb 26
💰 Finance Wealth Management
  1. People value stories more than raw data and will pay for explanations about the economy even when they already have the forecasts.
  2. Among buyers of narratives, pessimistic stories command a higher price, so pessimists can charge more for their outlooks.
  3. Different people prefer different narratives: overconfident buyers lean toward pessimistic views, motivated reasoners seek biased (optimistic or pessimistic) stories, and those focused on accuracy choose the consensus narrative.

The 1%

Market Sentiment • 589 implied HN points • 09 Apr 23
💰 Finance Wealth Management
  1. Many millionaires invest their money wisely, not just through income.
  2. The top 1% of Americans own more stocks than the other 99%, highlighting the importance of investing in equities for wealth growth.
  3. Affluent retail investors typically have a long-term risk orientation with high equity exposure and minimal panic selling tendencies.

Valuing the Unknowable

Investment Talk • 569 implied HN points • 14 Feb 23
💰 Finance Wealth Management
  1. Valuing the unknowable can be difficult because some things are simply unpredictable.
  2. Life is full of surprises, both terrifying and wonderful, due to the existence of unknowns.
  3. Finding a new job or changing career paths can be stressful, but unexpected positive outcomes are possible.

Long Take: Is Apple's Goldman-powered 4.15% yield account the fintech apocalypse?

The Fintech Blueprint • 491 implied HN points • 19 Apr 23
💰 Finance Wealth Management
  1. Apple has launched a Savings account with a 4.15% yield through Goldman Sachs, creating a disruptive financial product.
  2. Goldman Sachs plays a significant role in the product's distribution, benefiting from Apple's massive consumer base.
  3. Other big tech companies like Google, PayPal, and Ant Financial have also made inroads into financial services, showcasing a trend towards tech-powered banking.

Stimulation Theory

Malt Liquidity • 24 implied HN points • 15 Jan 26
💰 Finance Wealth Management
  1. The public internet and algorithm-driven discourse are extremely volatile and risky, producing lots of low-signal, performative conversation that makes maintaining a public profile dangerous.
  2. A better approach is to stop publicly posting trades and performance and instead build a client-focused, scalable wealth management practice that protects proprietary thinking and relies on two-way feedback.
  3. Stimulation theory: aim for an optimal threshold of information so you can make informed decisions without getting fried by toxic constant flow, and build information pipelines that filter signal from noise.

L.E. Memo | The End of Thrift

Lewis Enterprises • 393 implied HN points • 07 May 23
💼 Business Wealth Management
  1. Public markets offer an egalitarian opportunity for individuals to invest in top companies.
  2. Private capital is dominating the economy post-2000, offering advantages like less governance and disclosure.
  3. The growth of private equity has led to a decline in public market assets, impacting savers and increasing challenges for individual investors.

What is worth holding on to?

Fund Marketer • 3 implied HN points • 26 Feb 26
💰 Finance Wealth Management
  1. Active asset managers are under heavy pressure from passive funds and ETFs, which is driving consolidation and buyouts. Cherry-picking a few old-economy winners doesn’t change the broader trend of active underperformance.
  2. Financial firms are repurposing legacy assets and structures—like art-backed lending and debt-for-nature swaps—to create new revenue streams and support future needs. These moves won’t solve big problems alone, but they are pragmatic ways to finance innovation and conservation.
  3. A long-running project about a Sputnik-era plan to teach advanced mathematics has been completed and will be released next summer. Finishing and sharing such work shows how historical ideas can be reexamined and made relevant today.

Will You Get to Retire Before The World Ends and Humanity Goes Dark?

OK Doomer • 161 implied HN points • 27 Jun 25
💰 Finance Wealth Management
  1. Many people have a dream of retiring comfortably, similar to how grandma lived her later years, but it's important to recognize that this might not be the reality for most of us.
  2. The financial industry promotes the idea of an easy retirement, but many experts suggest that it's becoming increasingly unlikely for people to achieve that goal.
  3. Being honest about retirement prospects is crucial, as it respects people's time and helps them prepare better for the reality of their financial futures.

The Philosophy of Money

We're Gonna Get Those Bastards • 8 implied HN points • 21 Jan 26
💰 Finance Wealth Management
  1. Money is a tool to buy comfort and freedom, and having enough makes small daily worries disappear.
  2. Save and invest consistently with delayed gratification—anyone can build wealth by living below their means and starting early.
  3. Manage risk by hedging against catastrophic losses and being realistic about investing, since preserving capital can be more important than chasing higher returns.

Top Links 623 The billionaire rally. NYC's taxi-insurance Ponzi scheme. Obvious bollocks about sterling assets & monster wolves in Japan.

Chartbook • 314 implied HN points • 19 Jan 25
💰 Finance Wealth Management
  1. There's a strong focus on the impact of billionaires on the economy, hinting at a rally or surge among them. This suggests wealth concentration is becoming a big topic of discussion.
  2. The mention of a proxy involving NYC's taxi-insurance points to issues around trust in financial systems and possible schemes that hurt everyday people.
  3. References to rumors about sterling assets and unusual wildlife in Japan show how sometimes wild stories can capture attention, but they might not hold any truth.

Stock Talk - a newsletter on investing.

Jon’s Newsletter • 79 implied HN points • 23 Mar 24
💰 Finance Wealth Management
  1. When you buy a stock, write down three reasons for your purchase and a price target. If the stock reaches that target, check if those reasons still make sense for you.
  2. Dividends can significantly boost your overall returns, so consider stocks that provide steady dividends, as they can make a big difference over time.
  3. Look for dividend stocks that are at bargain prices and offer good growth potential, as they're often undervalued and can provide good yields.

What would you do if you had pizza money?

Tech and Tea • 263 implied HN points • 20 Feb 25
💰 Finance Wealth Management
  1. The pizza money scenario encourages people to think about their relationship with money and what they're willing to sacrifice for financial independence. It reveals whether people prioritize financial gain or their daily comfort.
  2. Responses to the pizza question vary widely, showing that some people are focused on maximizing wealth while others prefer to maintain their lifestyle. This highlights how different priorities shape our choices.
  3. The absurdity of the situation helps clarify what truly matters in life. It encourages introspection and helps people identify their values, leading to better alignment between life choices and personal goals.

Thinking Long-term

Splattern • 39 implied HN points • 24 May 24
💰 Finance Wealth Management
  1. Thinking about the long-term can help you focus less on short-term numbers and more on overall growth.
  2. Investing combines both art and science, making it a unique approach to managing money.
  3. Experience in investment is valuable, and learning from seasoned investors can provide important insights.

Alternative Assets Explained

Concepts of Finance 🧠 • 279 implied HN points • 22 Jun 23
💰 Finance Wealth Management
  1. Alternative assets are investments that aren't traditional stocks or bonds. They can include things like real estate, collectibles, and even parking lots, giving you many options to consider.
  2. Many people think only the rich can invest in alternative assets, but that's not true. There are plenty of investment opportunities available for regular investors too.
  3. Investing in alternative assets can be risky, but it also offers a chance to diversify and potentially earn good returns. It's important to research and understand what you're getting into.

How making memes made me a millionaire in 2 months [Finance Fridays]

Technology Made Simple • 159 implied HN points • 16 Sep 23
💰 Finance Wealth Management
  1. To be worth a million dollars, you can have a million dollars in cash, but it's rare and not always the smartest move.
  2. People can become 'millionaires' through equity, like stock compensation, where the value can fluctuate.
  3. Understanding tricks like using projections, earnings multiples, and fuzzy assets can help spot inflated valuations in the finance world.

A Stock, An Index, and a Twinkie

Things I Didn't Learn in School • 157 implied HN points • 19 Sep 23
💰 Finance Wealth Management
  1. Charles Dow and Eduard Jones created the DJIA to simplify stock market performance in 1882.
  2. Investors now use various indexes like the S&P 500 to save money, but they may not fully understand what they are investing in.
  3. Indexes like S&P 500 simplify reality but lack clarity on the composition of assets, similar to not knowing the ingredients of a Twinkie.

Do HNWI get better advice?

Klement on Investing • 3 implied HN points • 05 Feb 26
💰 Finance Wealth Management
  1. Advised private-bank clients tend to have more diversified portfolios with less home bias, lower turnover, and lower volatility.
  2. Despite lower risk and fewer behavioral errors, advised portfolios often show lower average returns and higher fees, partly because advisers move money into expensive alternative funds.
  3. Adviser incentives can steer clients toward high-fee products that cut net performance, so getting advice isn’t a guarantee of better outcomes.

Winning the Lottery

We're Gonna Get Those Bastards • 7 implied HN points • 03 Jan 26
💰 Finance Wealth Management
  1. If you win, stay anonymous and keep it quiet because public winners get inundated with scammers, lawsuits, and people asking for money.
  2. Immediately hire financial, legal, and tax advisors and focus on preserving wealth with conservative investments and real estate instead of buying flashy toys.
  3. Treat lottery tickets as a small entertainment expense or upside exposure (a rule like 0.1% of income), and remember taxes will take a large bite of any big prize.

Hedge Funds - A Beginner's Guide

Concepts of Finance 🧠 • 199 implied HN points • 01 Jun 23
💰 Finance Wealth Management
  1. Hedge funds are private investment funds managed by professionals who use different strategies to earn high returns for wealthy investors. They're not open to everyone, and there's less regulation.
  2. Hedge funds can use strategies like long and short selling to profit from market changes. Long selling means buying with the hope the price will go up, while short selling means selling borrowed assets to profit if prices drop.
  3. Many people dislike hedge fund managers due to a lack of transparency and the perception that they profit during tough times for others. Plus, it's tough for regular folks to invest in hedge funds as they often have high minimum requirements.

How Would Fearmongers and Doomers Invest in The Stock Market?

OK Doomer • 151 implied HN points • 03 Jan 25
💰 Finance Wealth Management
  1. Many financial influencers spread fear about economic crashes but offer vague advice, like hoarding cash or buying during dips. It's not very helpful or specific.
  2. These influencers often blame the government for economic issues while ignoring their own role in creating panic. They don't really care about everyday people's financial well-being.
  3. Overall, the advice given is more about generating fear and attention rather than providing real, sound financial guidance. It’s like eating unhealthy protein bars instead of nutritious food.

$10,000 investments that are now worth $1 million

Jon’s Newsletter • 139 implied HN points • 12 Jun 23
💰 Finance Wealth Management
  1. Investing $10,000 in certain companies can turn into $1 million over time. It takes many years to see such high returns, sometimes even decades.
  2. Companies like Nvidia and Tesla have shown impressive growth since 2013, making them good examples of successful investments.
  3. Investments in well-known brands like Apple, Amazon, and Starbucks over the long term can also yield significant profits. This highlights the importance of patience in investing.

Stock Talk

Jon’s Newsletter • 39 implied HN points • 24 Feb 24
💰 Finance Wealth Management
  1. Berkshire Hathaway has $167.6 billion in cash but is finding it hard to make deals because prices are high. Higher interest rates are easing some buying pressure though.
  2. Intuitive Machines recently had a successful moon landing, causing its stock to go up. Analysts think it might rise even more as it finds its footing in the market.
  3. Nvidia is doing really well, and analysts believe Microsoft and Apple could reach a combined market cap of $4 trillion soon, due to their strong focus on AI.

Net worth: what is it and how to calculate it

Concepts of Finance 🧠 • 199 implied HN points • 09 Mar 23
💰 Finance Wealth Management
  1. Net worth is the total value of what you own minus what you owe. It's like seeing how much money you have if you sold everything and paid off your bills.
  2. Calculating your net worth helps you understand your financial situation. It can show if you're actually doing well or if debt is holding you back.
  3. Regularly checking your net worth can help you track your financial progress. You want it to grow over time as you save and earn more money.

Ben Graham's Duplex

Neckar’s Notes • 117 implied HN points • 30 Dec 24
💰 Finance Wealth Management
  1. Money experiences often change suddenly, like climbing a ladder. It’s important to take time to adjust before making big choices.
  2. Ben Graham was a successful investor who once lived in a fancy duplex in New York City. He felt on top of the world after making a lot of money.
  3. However, he moved into this luxurious home just before a huge stock market crash. This teaches us that success can change quickly.