Shareholder Duty: Fight Daily to Exceed Returns
the duty to shareholders is a sacred trust. if you raise, you must fight each day to one day return more than you raised to your investors. that’s the deal. and it’s beautiful.
Private Credit Redemptions Surge, Withdrawals Increasingly Suspended
Private credit fund redemptions are surging rapidly. Several asset managers have also begun suspending withdrawals. https://t.co/9hvOJbUK6T
Spotlight Dashboards: One Metric, Perfectly Displayed
Most dashboards try to show everything. The best ones show one thing perfectly. I call this the Spotlight dashboard. Here's the idea. Someone asks "how's cash looking?" You don't dig through 5 tabs. You don't open 3 reports. You don't start sweating while...
High EPS Growth, Low Multiples Signal Undervaluation
Was updating some spreadsheets last night… using the conservative sell side estimates… $APP $RDDT $CRDO are expected to grow EPS this year by an average of 56% yet at the start of April they were trading at an average of...
Cutting Costs Won’t Beat AI—Accelerate Growth
Cutting costs won’t save your company from AI. And that includes cutting SBC… Should you cut? Probably. But if you don’t also accelerate product and revenue growth then it doesn’t really matter. I am not saying “grow at all costs”, but….i am not...
Reform UK Deputy Skips £120k Tax on £600k Dividends
The deputy leader of Reform UK, Richard Tice, owns a property company - Quidnet REIT. From 2020 to 2022 it paid Tice and his trust £600k in dividends. Quidnet should have paid £120k of tax on those dividends. It didn't. A...
Hong Kong Enables Iran's Hidden Billions, Weakening U.S. Sanctions
How Hong Kong Helps the Flow of Iran’s Hidden Billions—U.S. sanctions lose their bite in a Chinese city where setting up a company and moving money is easy @austinramzy https://t.co/LUrgqUohBe https://t.co/LUrgqUohBe
Software Loans Face Refinance Risk as Valuations Drop
20B credit manager on software loans: the challenge is not so much credit performance ("vast majority I think will perform just fine") but refinance-ability of current loans. If enterprise value is cut in half, a 40% LTV loan becomes a...
SaaS Metrics Were Flawed, Cheap Capital Masked Reality
Given software people are so smart ... it's stunning to me that it's taken so many so long to figure this out. Rule of 40, EBITDA and FCF metrics that add back sky high SBC, ARR multiples on 10 year old+...
Direct Compensation Drives EBITDA and Free Cash Flow
This is 💯 The outcome is that employees will want more direct comp and you will see it in EBITDA and FCF.
Ignore Debt Seniority, Destroy Acquisition Value
Buffett's hierarchy before making any acquisition: 1️⃣ Can the business pay its own way? 2️⃣ If we borrow, who now sits above the shareholder? 3️⃣ Is the upside worth that demotion? Most acquirers never ask #2. That's why most acquisitions destroy value.
Comptroller Defends Dual Banking, Praises Wyoming’s Crypto Rules
🚨🚨🚨--@USComptroller just gave one of the most significant speeches about US bank regulation in recent years, partly bc @ProfJulieHill asked probing questions. https://t.co/DNe7wwFSaA ✅-he strongly defended the dual banking system; working to end the federal "bigfooting" of states' bank chartering decisions,...
From Occupation to $1 Trillion: Norway’s Wealth Revolution
In 1945, Norway emerged from 5 years of brutal Nazi occupation. War-torn. Bankrupt. Dependent on foreign aid. Today: A $1+ trillion sovereign fund making every citizen wealthy. How they built the world's ultimate money machine:
TLT Set to Outperform USO as Oil Rises
TLT Flushed vs. USO -- Dip to Buy, or Different? The iShares 20+ Year Treasury Bond ETF (TLT) has dropped to a 10-year low vs. the United States Oil Fund LP (USO). Will the TLT/USO total return spread be higher or...
Working Capital Errors Sabotage Sales, Not Profit
Why Working Capital Mistakes Kill Business Sales. It’s not profit that breaks deals—it’s what buyers discover after. https://t.co/1vSKngieRj #SmallBusiness #DealMaking #SMB https://t.co/5QAEud5N3L
Private Credit Trouble Threatens Bank Collateral and Liquidity
“Wall Street & their private credit peers are deeply intertwined. Credit funds rely on banks to safeguard & custody assets. They also need banks for lines of credit. If private credit portfolios sour, this puts collateral banks are lending against...
Buffett's $370B Cash: History Reveals Waiting Signal
Hey @grok Warren Buffett is sitting on $370 billion in cash. What does history say he's waiting for — and how close are we to that signal?
Create Hedge Fund Strategies with One Sentence, No Code
🚨 You can now build hedge fund-level trading strategies with zero code. Type your strategy in plain English with Horizon and it handles the logic, the backtesting, and the execution automatically. What used to cost $500K/year and a team of 5...
DTCC Launches Tokenization Unit Within Clearing Division
DTCC creates dedicated tokenization business line within its clearing division - Ledger Insights - blockchain for enterprise https://t.co/Qlt4zdfjnM https://t.co/kqu3PcsTu0
Fed Scrutinizes Banks' Private‑credit Exposure Amid Redemptions
JUST IN: The Fed is probing major US banks' exposure to private credit amid surging fund redemptions and mounting troubled loans.
SaaS Buybacks Soar While Companies Remain Deeply Underwater
software is trying to catch a falling knife SaaS companies have announced >$70B in buybacks this year… almost all are underwater
PLTR Overvalued: True Worth $128, Watchlist Only
#PLTR Scorecard My Full Deep Dive Thesis on $PLTR Beat the Market to the Real Value And I Still Disagree With Wall Street On March 24, when $PLTR was trading at $160, my full thesis already uncovered its true Expected Value at...
Conservative Debt Use Prioritizes Balance Sheet Comfort Over Short-Term Gains
"We use debt sparingly. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable." Warren Buffett
SPAC DAT Merger Ends, PIPE Investors Breathe Relief
PIPE investors breathe a sigh of relief as we get the first big SPAC DAT merger termination. Dynamix $ETHM terminates its business combination with The Ether Machine, which is awkward after already changing its ticker. Also, who gets the $50 million break...
Bitwise Preps Hyperliquid ETF Launch Amid 200% HYPE Surge
Bitwise w another update to Hyperliquid ETF includes ticker $BHYP and fee 67bps. Typically that means launch soon. HYPE is up 200% in past yr so they prob trying to strike while iron hot https://t.co/xt5gc9BpSI
Bitcoin and Ethereum Attract Massive ETF Inflows, Others Stagnant
Crypto ETF fund flows over the past day: • BTC: +$358,170,000 • ETH: +$85,190,000 • XRP: -$661,160 • LINK: -$163,790 • DOT: +$784,960 • SOL, HBAR, DOGE, LTC, AVAX: $0 https://t.co/rCkW2kZ6xz
Conditional Formatting Turns Boring Dashboards Into Insightful Visuals
Conditional formatting changed how I build every dashboard. And most people barely touch it. I get it. It sounds boring. Even the name puts people to sleep. But here's the thing. This one feature does more for readability than almost anything else...
AI Unifies Finance Tools, Turning Chaos Into Clarity
there are a lot of finance tools out there. quickbooks, xero, netsuite, salesforce, hubspot, stripe, petadocs, dropbox sign, common paper, avalara, slack, campfire, rillet, numeral, sage intacct, the list keeps growing. the problem is not having tools. the problem is getting them to...
Risk‑Responsive Rotation Offers True Diversification for Equity‑Heavy Portfolios
Equity-heavy portfolios need a counterweight that actually responds to risk. Not just duration. Not just yield. $JOJO rotates based on inter-market signals. Real diversification. https://t.co/5sPzGCpJ6s
Foundation Models Win, Yet Token Costs Threaten Adoption
There has been a long standing debate in Finance AI around "who wins": the foundation labs vs. the finance specific AI platforms (pejoratively, "the wrappers") The pendulum in asset management has shifted back towards a strong consensus that foundation labs directly...
Margins Hit 15% New Highs, Driving Valuation Surge
Margins are also making new highs (now at 15%), which goes a long way to explain the elevated valuation backdrop. https://t.co/etb3rBke43
B2 Gold Likely to Divest Versamet Stake for Buyback
B2 Gold $BTG stake in Versamet Royalties $VMET just screams to the Koala as non-core Considering the cash flow inflection anticipated in 2H 2026, really should consider alternatives there to fund a buyback perhaps Also notice Founders $FDR.V not listed on this...
MSG Sports Faces $50M Tax Hike, Split Could Raise $75M
Madison Square Garden Sports is facing a $50M+ bump to its annual tax bill with a new tax code provision set to start in 2027. Meanwhile, MSGS is exploring splitting the Knicks and Rangers into separate companies that would push...
VC Funding to Halve, Concentrate in Top Funds
My prediction: institutional LP $ going to VCs will decline by half in the next 5 yrs. They will reallocate to safer asset classes. The largest VC funds will get 99% of what’s left, and these large funds will do...
CAPE Predicts 10‑year Returns Slipping to Single Digits
However, the CAPE model (which holds that today’s 10-year P/E ratio determines the 10-year forward return) suggests that a secular peak may not be that far away. As scary as it sounds, all the CAPE model is predicting is that...
Small‑cap Growth Outpaces Large Caps, Defying Value Expectations
FT: "US small caps are outperforming big caps by a whopping 8.5% YTD. That’s a lot, especially given the chronic underperformance of small stocks over the past six years or so...Given the environment we are in (energy up, software down,...
CEO Fined $48M for Breaching Fiduciary Duties
Mindbody CEO was ordered to pay $48M in damages to common stockholders for a breach of fiduciary duties. A lot of folks are put in a "fiduciary" role and don't even know what that means. It carries significant responsibility (and potential...
Cross‑disciplinary Knowledge Creates Unbeatable Competitive Edge
Michael Bloomberg: "There might be better traders than me and there might be people who know more about computers. But there's nobody who knows more about both." Most people try to be the best at one thing. That's hard. Bloomberg’s overlap is...
OCC Drops Large‑Bank Recovery Plans Over Burden
OCC Rescinds Recovery Planning Guidelines for Large Banks, Citing Regulatory Burden | https://t.co/KTVJGVwr3F https://t.co/psr1VbrzvW https://t.co/pu8tK1oJ7I
Python Libraries Elevate Excel Analysis to the Next Level
Excel is powerful — but Python libraries take your analysis to the next level. 🎯 Which library are you learning first? 👇 Comment ! #pythonforfinance #pythonlibraries #financialanalyst #financejobs #wallstreetjournal
Mag 7 Valuations Slip to 25x Forward P/E
Even the Mag 7 have come way down in terms of valuation, following their 17% drawdown since last October’s high. The cohort is now trading at a modest 25x forward P/E. https://t.co/EotkZU3iSu
Yield Pullback Signals Chance to Trim Bonds
5/10-year yields just pulled back in uptrends... opportunity to reduce your (lagging) bond exposure into strength...
Open‑source TypeScript Billing Framework Syncs with Stripe
PayKit The billing framework for TypeScript. Define plans in code, sync with Stripe, gate features, track usage. Open source and runs inside your app. Web: https://paykit.sh/ Repo: https://github.com/getpaykit/paykit
Governments Reassess Corporate Taxes Amid Global Minimum Tax
Governments across the world are reconsidering corporate tax rates in the wake of the OECD’s global minimum tax agreement, fiscal pressures following the pandemic, and increasing concerns about tax avoidance and profit shifting. https://t.co/JGQwYAIYmC
Serra Verde Secures $565M US‑Backed Funding for Brazil Rare‑Earth Expansion
Serra Verde secured $565mn in US-backed finance to expand Brazil’s rare earth production and strengthen diversified supply. https://www.metalnomist.com/2026/04/serra-verde-rare-earth-financing.html
Control‑obsessed Consultants Inflate Budgets, Waste Millions
Consultants and system integrators often resist change due to a desire for control and ownership. This self-serving approach inflates project budgets, consuming millions that could be better allocated to other critical success factors. #ProjectManagement #Consulting #Budgeting https://t.co/y3FruodbiA
Demo Day Revenue Targets Jump From $150K to $1M
Later stage investors always grumble about increasing valuations. But there is some basis in reality for it: companies do grow faster now.
Huddersfield Town's Wages Outpace Revenue, Losses Soar
Huddersfield Town submit 24/25 accounts when the club finished 10th in League One.🔑 figures #HTAFC ⚽️Revenue £10.6m ⬇️ 41% ⚽️Wages £16.9m ⬇️ 23% ⚽️Wages 159% of revenue ⚽️Average weekly wage £7,100 ⚽️Highest paid director £448k ⚽️Underlying loss £21.5m ⬆️ 14% ⚽️Player sale profits £1.6m ⬇️64% ⚽️Pre tax...
Weak Chinese Economy Fuels Outward Credit Hunt
There are a lot of stories about Chinese assets acting like havens, especially China IG credit outperforming. How do you square that with a very weak economy? Well, the reason China IG credit is outperforming is because of the weak economy....
50‑Year Gold‑Backed Bond Restores Dollar Confidence
50-year gold-backed bond July 4th 2026 restores dollar confidence. Judy Shelton confirmed. 589 lights at NYC ball drop match XRP theory. Three backing assets: gold, oil, XRP at tier-one status. Pegged ratio stabilizes system.