Claude + Excel Eliminates Need for Quickbooks
Holy crap we literally don't need Quickbooks anymore because of what happens when you combine Claude and Excel
Tesla, SpaceX Poised for 50/50 Merger of Equals
After further research and our discussions on the @cyberbulls with @TeslaLarry yesterday, I agree that this will very well be a Merger of Equals. BUT - in my opinion - it will not be at the then stock price, which is...
European Actors, Even French Socialists, Drove Market Liberalization
Abdelal shows how capital market liberalization was pushed by groups of European actors including leading French socialists. Today's Chrtbook Top Links in the comment below https://t.co/BHXhe2jvTI
Debt Woes Could Spark Bond Market Revolt, Says Wilson
"If we don't find a way to grow out of the debt problem, the bond market will revolt... but I just don't see that right now." 🎙️ Morgan Stanley CIO Mike Wilson https://t.co/6SRBAtt9a2
Deep Cash‑Flow Modeling Beats EPS for True Value
The senior analyst at a Tiger Cub who trained me on financial modeling back in '08 (shoutout Chris Laporte) walked me through the importance of deeply detailed cash flow builds. So much of the world is focused on EPS (certainly...
Snowflake CFO Retires with $518M Net Worth
CFO's don't usually join the Tres Comma Club, but Snowflake's CFO retired in it... -Sold $600M while at Snowflake -Exited with $518M holdings -Continued to vest for one year as an advisor Not a bad run... See the data on all CFO comp packages 👇 https://t.co/F9EMepCkWq
Investors Harness AI, Scaling with Standard Metrics
Finance is changing quickly; top investors are leveraging new AI tools and workflows. Cool to see how quickly @jmelaskyriazi & @metrics_co are scaling and building the future. Over 11,000 companies and 150 VC and PE firms rely on Standard Metrics -- created...
War's End Relieves Treasury Funding, Swap Spreads Expand
With the possibility of war ending, US Treasury funding pressure looks to be easing helping swap spreads widen. Nice move today https://t.co/q4hDJXSsiz
Many Software Stocks Still Under 10x GAAP P/E
When @CCM_Ryan told me how many software stocks trade at a GAAP P/E below 10 https://t.co/XNvJT8mAee
No Recession or Excess Leverage—Credit Cycle Remains Safe
What actually kills a credit cycle? Recession or too much leverage. Neither condition is in place right now according to Morgan Stanley CIO Mike Wilson 🎙️ https://t.co/rdsmLpLKIt
Evernorth's Leverage Can Push Price Above NAV
Evernorth is a digital asset treasury company. Unlike an ETF that tracks NAV one to one, Evernorth can issue debt, raise capital, and borrow to buy XRP. That creates the potential for the share price to trade at 1.2 to...
Equity Risk Premium Near 4% Validates Current Valuations
With credit spreads still well-behaved and operating margins making new highs by the week, the valuation picture for US stocks remains justified, especially after the drawdown of the past few weeks. The chart below shows that the “fitted” equity risk...
AI Agent Costs Are Turning Into Enterprise Payroll
Your AI tool costs went from $20/mo to potentially $500K/quarter. And most companies haven't updated their budgets yet. Here's why AI agent billing is the next enterprise crisis 🧵👇 1/ A year ago: AI = autocomplete. Quick prompts, quick answers, flat subscription. Budgetable. Today:...
Traders Boost Futures on Rising 2026 Fed Cut Odds
JUST IN: U.S. short-term interest rate futures climbed as traders bet on higher odds of a Fed rate cut in 2026.
Tin Prices Surge, Prompting Barons to Eye Cash Flow
If the Strait is open does that mean the tin barons can chill on studying East African diesel logistics and inventories and just stare at the simple cash flow model at these tin prices for AlphaMoon $AFM.V and smile? Asking for...
Kraken's Acquisition of Bitnomial Boosts Speed and Compliance
Kraken @krakenfx is a powerhouse and this is a great acquisition. @Bitnomial moves fast and has good regulatory positioning.
Fed Swaps Signal Dovish Pivot, Pricing 15bps Cuts by December
JUST IN: Fed swaps indicate a dovish pivot, pricing 15 bps in rate cuts by December.
Kraken’s Parent Payward Acquires Bitnomial for $550M
JUST IN: Payward, Kraken's parent company, is buying the Bitnomial derivatives exchange for $550 million.
Use Cash Flow Forecasts, Not Past P&L, for Future Decisions
Here's the question I want you to ask about your financials. Can you actually make next month's decisions from them? Your P&L and statement of cash flows both look backward by design. They tell you what already happened last period. For next...
NorthStar Satellite Analytics Secures $30M PIPE, $405M Valuation
NorthStar / Viking Acquisition I deal overview Space and satellite data analytics company $405 million enterprise value $30 million PIPE Closing Q3 Symbol $NSTR PR: https://t.co/v61y0ElAJP IR deck: https://t.co/mosqCqKlMZ Disclosure: Long $VACI shares + warrants in $ARB.to https://t.co/CTqRus69vb
LIV Circuit Relies on P
So is this now the generally accepted reality here for LIV? The circuit is funded via PIF for the rest of the season then it's either raise money or fold up shop?
Pixelworks Uses $5M Buyback to Signal Licensing Pivot
Pixelworks $PXLW announced a $5m buyback, roughly 14% of its market cap. The company recently closed the sale of its semicon sub, which adds $51m to its $11m balance sheet. Not bad. Pixelworks is pivoting towards a ‘technology licensing specializing...
World Bank Mulls $2B Loan as Argentina Eyes Dollarization
#ArgentinaWatch 🇦🇷: The World Bank is considering loaning Argentina up to $2B to help refinance its debt. Stuck with junk-rated bonds, Argentina is leaning on multilateral development banks for finance. IT'S TIME FOR THE WORLD’S BIGGEST DEADBEAT TO DITCH THE PESO AND...
Money‑market Funds See Biggest Weekly Outflow Since 2018
Money market funds had a net sale of $173.24 billion, the largest weekly outflow since at least September 2018.
Record Treasury Leverage Threatens Global Fixed‑Income Stability
Hedge Fund Leverage in Treasuries at Record Highs. Torsten at Apollo ...any forced unwinding of these leveraged positions could send shockwaves through global fixed-income markets. https://t.co/vtq5KWmWLE
FTX Creditors Outraged over Anthropic Stake Liquidation
Hot take: FTX creditors should be furious. Not about the SBF fraud. About the Anthropic stake liquidation.
Meta Halts Buybacks, $80B Idle for AI Chips
Meta’s quarterly buybacks in 2025: Q1: $13.4 billion Q2: $9.8 billion Q3: $3.2 billion Q4: Zero. $80 billion authorisation sitting unused. The money went to AI chips. April 29 earnings will tell us if it’s coming back. https://open.substack.com/pub/dralexkoh/p/meta-deep-dive-the-discount-nobodys?r=4zq7nk&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
CFOs Must Cut Costs While Funding New Tech
CFOs facing the big squeeze: Cut costs, ramp investment, says @Deloitte https://t.co/FXI8mK7j2H It's not easy being a chief financial officer and they're being squeezed again as they need to cut costs yet continue to invest in new technologies such as…...
From Bookkeeper to Business Strategist: My Evolution
I stopped calling myself a bookkeeper last year. Here's why. Bookkeeping is the input. Data entry and reconciliation. It matters, but it's maybe 10% of what actually moves a business forward. The other 90% is what I get excited about. Looking at...
Gain Full Visibility Into AI Spend with Ramp
Anthropic made its first dollar three years ago. last month it crossed $30B in revenue. that money is coming from somewhere, and your CFO probably can't tell you where. the problem isn't the spending. the companies on Ramp investing the most...
IMF Senegal Loan Talks Advance, Debt Talks Still Needed
JUST IN: IMF's Senegal loan negotiations are progressing well, but more debt discussions are required.
Robinhood's Massive Revenue, Profit, and Diversified Business
Everyone sold $HOOD on crypto. Here's what they missed: $4.47B revenue (+52%) $1.88B net income (42% margin) Rule of 40: 108 — Hyper-Elite 11 revenue streams over $100M each 4.2M Gold subscribers (+58%) Trump Accounts: govt contract for 25M families This isn't a trading app anymore. Full breakdown: https://open.substack.com/pub/dralexkoh/p/hood-deep-dive-i-called-this-stock
Zero Thinking Budget Cuts AI Costs for CFO Insights
Hey Vibe Coders, did you know that there is a "thinking budget"? At least with Gemini. As I try to build really good AI CFO commentary (which is hard) with Software Metrics AI, Replit told me that the Gemini 2.5...
Tech PEG Ratio Beats Global Market Average
GS: The PEG ratio for technology is below that of the global aggregate market https://t.co/IXaYKIWChU
Record Market Highs Mask Historic Concentration Risk
It's so old it's new: CONCENTRATION RISK New market highs, but lowest number of new 52-week highs going back 28 years....
Slash Raises $100M Series C, Hits $1.4B Valuation
🚨 JUST IN: @slashapp raised $100M Series C at $1.4B to build a Ramp competitor $250M ARR. 60 employees. Valuation quadrupled since May. The headline is the round. The story is everything else 🧵 https://t.co/SzLfFk3ZuB
Paulson Warns of Imminent Vicious Bond Market Crash
Henry Paulson Says US Should Prepare for a ‘Vicious’ Bond Crash - BBG, 4/16/26 Conspicuous in its timing, IMO. "Why am I reading this now?" https://t.co/odjQGdaGW5
Private Credit Shows Unexpected Strength, Cycle Likely Turning
Interesting to note the relative strength of private credit over the past several weeks. Here's Barrons: "Private credit has been notably quiet in recent months, with far less visible stress than many expected... the lack of volatility could suggest that...
Free Cash Earns Interest, but 1.5% Fee Erodes Returns
𝗘𝗮𝘀𝘆𝗘𝗾𝘂𝗶𝘁𝗶𝗲𝘀 𝗽𝗮𝘆𝘀 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗼𝗻 𝘆𝗼𝘂𝗿 𝗙𝗥𝗘𝗘 𝗖𝗔𝗦𝗛 That's any uninvested Rand sitting in your ZAR or TFSA account. It accrues daily and gets credited on the first business day of the following month. 𝗧𝗵𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲 𝘁𝗵𝗲𝘆 𝗴𝗶𝘃𝗲 𝘆𝗼𝘂 𝗶𝘀 (𝗣𝗿𝗶𝗺𝗲 -𝟯.𝟱%). They...
Coastal Bend Bancshares to Acquire First National Bank
Deal Profile: Coastal Bend Bancshares to acquire First National Bank in Port Lavaca | S&P Global Market Intelligence https://t.co/prXztdmOoY
New Bank Bill Set to Unlock Capital for Midsize M&A
Data Dispatch: Bank bill could unlock capital, fuel M&A for midsize banks | S&P Global Market Intelligence https://t.co/Ny9wGdikDE
FundOS Leads Tokenization of Private Funds, ETFs
For the past two years, we’ve been in “testing mode”, tokenizing our own Superstate-managed funds. The world’s best asset managers constantly asked when we could tokenize their private funds, mutual funds, and ETFs. The answer is FundOS. More tokenized funds coming soon...
Duolingo Could Match Its Valuation with 100M Paid Users
"I think there is a very real scenario where Duolingo delivers on its super tutor-in-your-pocket vision and 100 million global paid subs at $100/year and 30% FCF margins results in $3 billion annual FCF vs. the current enterprise value of...
Travel Location Determines Players' Tax Liability
Accountants create a duty-day schedule by having players precisely track their travel. If a player spends an off day at home versus a road city, or rehabs an injury in Florida instead of the club’s home stadium or goes on...
AI Could Automate $13T Mortgage Market, Ditch Advisors
Wealthfront runs 45% EBITDA margins without a single advisor. Now David Fortunato wants to automate the $13 trillion mortgage market. (0:00) Can AI Replace Your Financial Advisor? (1:47) How Close Is Self-Driving Money? (3:59) What Happens to 400K Financial Advisors? (4:43) Is the 1%...
15% of US IG Debt Now Tied to AI Capex
Some 15% of US IG debt is now tied to issuers involved in AI Capex (chart via Muzinich & Co) https://t.co/5F2NY2AnxN
PIF Unveils 2026‑2030 Strategy, Shifts From Sports Deals
Saudi Arabia's sovereign wealth fund, PIF, just announced its plan for 2026-2030. Here's how it describes its upcoming strategy vs. the one under which it launched @livgolf_league and bought @NUFC 👇 https://t.co/aUUe1Uv48f
Now Tracking Revenue Growth Across Every Fund Portfolio
i can't believe i didn't have this before, but i can now see (and show) revenue growth across each fund's portfolio https://t.co/Jgmf7wORWv
Track AI Inference Spend with Structured Guides
Internal inference spend continues to climb. You can't just throw it in the "internal use software" GL account and call it a day. Yesterday, I released my post on tracking customer-facing and internal use inference spend. This goes beyond inference....
UST 5s30s Struggles Above 100bps, Steepeners Fade
UST 5s30s having trouble holding above 100 bps which makes sense. It has been a nice ride for steepeners the past few weeks so a nice round number spot to lean against 5s here https://t.co/Z59ZwWo3hI