Honest Risk Management Is Rarer than Market Hype
It's easy to find people pounding the table on any trade, any asset, any market. What's harder to find? Honest risk management. There's a reason we talk about the downside. Just look around, bagholders are everywhere. https://t.co/iN7JpxtIGx
Fix Your Financial Setup: Get Clear, Timely Reports
3 things your monthly financials should actually be doing for you: 1 . Giving you plain-English commentary on what moved and why. Where revenue dipped, what expense spiked, what to watch next month. 2. Using a chart of accounts actually tailored to...
Turning Down $10M Led to GitLab’s IPO Success
Sid Sijbrandij, co-founder of GitLab, was offered $10 million for his company. His dad said sell. His accountant said sell. His response: 'I really like working, so I don't mind working. And I think we can do better Six years later,...
AMBZAMPOLLI Fuels Trump’s $20bn, 20‑minute Deal Spree
A sneak peak into Trumplandia - @AMBZAMPOLLI ‘$20bn in 20 minutes’: the man turning Donald Trump into a global deal machine https://t.co/TGlBhHcgiS via @ft
US M&A Deal Volume Drops 15% in March
"U.S. M&A deal activity decreased in March, going down 15.4% with 946 announcements compared to 1,118 in February. Aggregate M&A spending decreased as well. In March, 51.3% less was spent on deals compared to February." -FactSet
Spirit Airlines May Cease Flights This Week, Sell Assets
Spirit Airlines Could Stop Flying This Week And Sell Off Its Assets - View from the Wing https://t.co/145CNkriZg
Doubling Business With Zero Capital Through Vendor‑Financed Acquisition
the acquisition that doubled my business: not through: – more marketing spend – more staff – more locations – more effort through one deal: – motivated seller – vendor financed – zero personal capital
AI Accelerates FP&A Only With Strong Data Governance
AI speeds up decisions — and weak data foundations too. David Vega, Strategic Finance Leader, argues FP&A needs platform strategy and governed data products before scale turns inconsistency into noise. 🔗 https://t.co/hyI6I1HKk5 #fpatrends #aiinfpa https://t.co/a6UUjUWN0M
Meta's Low Valuation Meets Rapid Growth, Poised for Ad Supremacy
$META trades at 21.7x forward earnings. $AAPL trades at 29.7x on 9% growth. $TSLA trades at 173x. Meta is growing revenue at 27%. About to overtake Google as the world’s #1 ad platform. Full deep dive: https://open.substack.com/pub/dralexkoh/p/meta-deep-dive-the-discount-nobodys?r=4zq7nk&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
Strong Growth, High Cash, but Overvalued Post‑IPO
#TBTG "Revenue and Profit growth exceeding expectations". Net Cash £40.8m. ShareScope has fwd p/e 19.8 falling to 14.2; quite low rating if cash stripped out. Recent IPO and interesting. I don't hold.
Government Aims to Retain 51% Stake Post‑merger, Reassuring Investors
Merger Progress & Ownership Structure: Recent reports (April 7, 2026) indicate the government is actively exploring ways to maintain a 51% stake in the combined entity following the PFC-REC merger. This clarity has reassured investors about the entity's continued status...
Record Buffett Indicator Flags Historic U.S. Market Overvaluation
The Warren Buffett Indicator just hit its highest level in history, signalling the most overvalued U.S. stock market on record. This is why Buffett is holding nearly $400 billion in cash much of it in Treasuries and now owns...
Private Credit Thrives as Banks Retreat, Requires Expert Underwriting
Private credit is stepping up as banks pull back. Higher rates mean attractive yields for lenders, but expert underwriting is key to navigating risks. A strong vintage period for selective investors. PrivateCredit
Low Multiples Offer Expansion; High Multiples Invite Compression
Guess what, when your portfolio trades at 37x cash flow, multiple compression is a major risk. That’s why my portfolio trades at 3.7x cash flow, so multiple expansion is a major opportunity.
Board Sets Total Annual Dividend at ₹4 per Share
Dividends: The board recommended a final dividend of ₹2 per share, which, combined with the interim dividend, brings the total for the year to ₹4.
Foreign Share of US Treasury Demand Likely Overstated
The Largest Foreign Holders of US Treasury Securities and the “Basis Trade”: April 2026 Update. Foreign demand for the ballooning US Treasury debt is an increasingly important issue. But how much of that demand is actually “foreign?” https://t.co/qUbusfuVOx https://t.co/HYoQrWI8cP
Bitwise Launches Avalanche ETF Offering 5.4% Staking Yield
JUST IN: Bitwise rolled out the Avalanche ETF with ticker $BAVA, including in-house staking that yields about 5.4% rewards for investors.
Open‑Source Tax Withholding Estimator Now Available
You can use the new Tax Withholding Estimator to do so! https://t.co/ceyvDS8p5o Also completely open source. Great blog post about it below 👇
Misclassifying Sales Tax Inflates Revenue and Distorts Margins
Want to let you in on one of the first things I check when I take over someone's books. Sales tax sitting on the P&L. It's one of the most common setup mistakes I see, and I get why it happens. ...
Vox Media CEO Poised to Sell Multiple Assets
NEW: Vox Media C.E.O. Jim Bankoff is likely to agree to multiple deals to sell various assets of his company, including the Vox Media Podcast Network, New York magazine, and the portfolio of digital brands…. Full details @PuckNews: https://t.co/hfYxhq0oky
China’s Loan‑driven Industrial Policy Breeds Debt, Few Champions
Most of China's industrial policy is in the form of bank loans, not subsidies. Yes, you can lend to 100 companies, and 2 survive, and then you have 2 national champions. But you also have a mountain of bad debt on...
JetBlue Founder Predicts Bankruptcy, No Buyers This Year
JetBlue Founder Warns The Airline May Go Bankrupt This Year — And Says Nobody Will Buy It - View from the Wing https://t.co/fFvy77qBrc
AI Excel Nails Basics, Stumbles on Complex Updates
Uploaded my Skill files and tried this out 1) Passed Level 1 Test: simple AMZN quarterly update, where I update the architecture, just needs numbers input (17/17) 2) Badly Failed Level 2 Test: real-world situation with UBER model 6 quarters out of...
PIF's $5B LIV Spend Raises Sustainability Questions
PIF has spent more than $5B on LIV. At some point, even a sovereign fund with roughly $1T in assets has to figure out when enough is enough. https://t.co/XKRk28yK9E
Essential Service Sectors See Quiet Consolidation Surge
10 industries serious operators quietly consolidate: – radiology networks – waste management – trucking fleets – medical labs – pest control – senior care – cold storage – commercial cleaning – security firms – HVAC groups
Small and Mid Caps Outpace Large Caps in Buybacks
BofA: small caps (in addition to mid caps) are now buying back more as a % of market cap than large caps https://t.co/ynbYTmLXzy
Thorndike's Power Ratio Reveals Tiny Firms' Extreme Multiples
I like Thorndike's Power Ratio: TTM revenue growth rate divided by EV/EBITDA Multiple. PE has averaged 0.75x. Search funds 2-3x. You can get some wildly high numbers in small public companies. What's the highest you've seen?
Make Your Business Case CFO‑Proof with Real Numbers
Before presenting any business case ask yourself: "Would a CFO roll their eyes at this?" CFOs see through fluffy ROI instantly. They want: • Specific numbers from YOUR data • A realistic range (not one magic number) • Someone who can commit to the outcome • Time...
CPACE Emerges as Leading Low‑cost CRE Financing
#CPACE fast becoming go-to source of capital for public benefit projects in #CRE. Avg deal size grown from $800G to $40M. 'A flexible+low-cost part of the capital stack' #Nuveen #realestate #mortgage #financing #TheGeneva #DC #Tampa #hotel #condo https://t.co/0YqS0B42NQ
Spirit's Bankruptcy Exit Request Faces Skeptical Trustee
Spirit Airlines Wants Out Of Bankruptcy Again — The U.S. Trustee Is Not Convinced - View from the Wing https://t.co/RafA6gEDHg
AI‑Powered Dashboards Turn Finance From Maintenance to Decision‑Making
AI dashboards > spreadsheets 📊🤖 Describe the question AI builds the dashboard You tweak logic & visuals Insights arrive in the meeting Finance shifts from maintenance → decisions. #AI #FPandA #Dashboards #GenAI #Analytics https://t.co/iiASiEm8I8
Allbirds Shifts to AI, Secures $50M Financing
Allbirds pivots to an AI company and raises $50M via convertible financing. Nothing surprises me anymore.
Cut Self‑Employment Tax: Use Dividends Over Salary
An investment-only LLC is a disregarded entity until you start pulling income out of it. Once you do, the IRS expects a reasonable W-2 salary, typically $50,000 to $70,000 a year if you are managing your own investments. That salary...
Finance Teams Embrace Agentic AI, Yielding 3.5× ROI
44% of finance teams will use agentic ai in 2026. that is a 600%+ increase from the prior year, per wolters kluwer. gartner forecasts 40% of enterprise apps will embed ai agents by 2026. up from less than 5% in 2025. per...
Choose the Right Accounting System To
Are you #mtd ready? Let’s talk about why picking the RIGHT accounting system will save you time and money in the long run. Are you Making Tax Digital ready? #makingtaxdigital #integratedsystems #businessoperationsmanagement #obm
Meta-Backed CoreWeave Debt Cut Risk, Sparked Market Surge
CoreWeave's debt deal (backed by Meta's AI compute commitment) closed March 30 (SPX bottom). imho the flurry of subsequent announcements were probably linked to this. Amazing things happen when counterparty risk goes down...
Cloud Exit Slashes Hosting Costs by $3M Annually
In 2023, we spent $3,934,099 on AWS + other hosting. In 2026, our hosting + support bill is down to ~$1m/year due to the cloud exit. Even including all the hardware buying, we will already have saved ~$4m by the...
BofA Holds $20B Private Credit, High Advance Rates
JUST IN: Bank of America reports $20 billion private credit exposure, featuring 70-75% advance rates on private credit and BSL, plus under $2 billion lent to BDCs where 54% isn't redeemable, a 1.5x minimum asset coverage, and a 4-year average...
Fermi’s IPO Hype Fades as AI Power Plans Stall
Last October, Fermi Inc. was sizzling. It raised $746 million in an IPO and was planning to build 11 GW of power generation for AI data centers. But Fermi’s sizzle has turned to fizzle. (Article linked below in comments.) My...
Tax Day Reminder: Carried Interest Still Taxed as Capital Gains
It's tax day. And despite the promises of three consecutive presidents, carried interest is still taxed as a capital gain.
Tax Complexity Grows Despite TCJA Simplifications Since Rummy's Letter
Even with the TCJA's (pretty good) simplifications, the US tax complexity problem has gotten significantly worse since Rummy wrote that famous letter. (More to come on this later today - hint)
TCW Wipes Red Lobster Equity, Keeps Full Debt Exposure
TCW marked its Red Lobster equity down 98%. Its PIK'ing private credit loan maturing in 2029? Par Equity at zero and debt at 100 in the same company. C'mon, are you kidding me?
Perplexity‑Snap $400M Deal Collapse Highlights Unrealistic Valuation
The deal where Perplexity would pay Snap $400M to add their search to Snapchat is dead. This deal never made any sense as there was no way Perplexity could afford this deal and they get very little out of it. I...
Monthly Bookkeeping Eliminates April Tax Panic
If Tax Day caught you scrambling this year, I see you. You're not alone, and it's fixable. Here's what I want you to know for next year. The folks who handed their CPA clean files back in February? Someone touched those...
Who’s Liable when Banking Bots Act Autonomously?
Agentic Banking: Permissioned Autonomy vs. Regulatory Requirements Meow's model: humans set rules (spending limits, vendor whitelist, transaction thresholds), agents execute within guardrails (transfers, card issuance, invoice processing). Autonomy scope: 24/7 transaction data access, real-time vendor payments, card issuance without per-transaction approval....
Greenland Resources Valued at $2.5‑3B
At the current Molybdenum prices, Greenland Resources' $MOLY NPV sits around here (~$2.5-3.0bn) 👇 Market cap of $170m. https://t.co/q78aNaCpRO
Britain, Italy, France Become Europe's New Bond Market Scapegoats
Great, the new Piigs are Britain, Italy and France... ‘Bifs’ replace ‘Piigs’ as Europe’s bond market whipping boys https://t.co/v9jWXMg6nF via @ft
Tight Derivative Web Made Subprime Defaults Collapse System
"The web of leverage and derivatives surrounding subprime mortgages was so tight that pulling on one thread unraveled the entire financial structure." "While it’s fair to say that defaulting subprime borrowers were certainly the match, the bonfire, fueled by...
China to Issue RMB 15.5bn Treasury Bonds in Hong Kong
Xinhua: "China's Ministry of Finance on Wednesday said that it will issue this year's second batch of RMB 15.5 billion in renminbi-denominated treasury bonds in Hong Kong on April 22." https://t.co/OFSlsUluRF
Turn Tax Returns Into Strategic Profit Plans
Another tax season closed. Now the real work begins. We’re not just filing returns… we’re dissecting them. Every client gets a full financial review, identifying leaks, missed opportunities, and strategic moves. Because the goal isn’t to survive tax season. It’s to reduce liability, increase...