Growth Hype Is Liability Without Proven Unit Economics
Banks, not approved. Investors, hmmm, still thinking. Many SME business owner face that. Are you doing it wrong? Or did you missed some steps? I’m starting a 10-lesson micro-lessons to make SMEs be capital ready. (Save this bit for later.) Lesson 1: Kill the Growth Fallacy and Prove Your Unit Economics The market does not care about your effort—your 50% top-line growth is a dangerous liability, not an asset, if your unit economics and cash conversion cycles are unproven. ↓↓↓
Reflection AI Seeks $2.5B to Build Sovereign AI Hub
I got to reflect on @reflection_ai 😉 Reflection AI aims to counter Chinese AI systems by promoting freely available, high-performance U.S. AI models. As of March 25, 2026, Reflection AI is in talks to raise $2.5 billion at a $25 billion...
Detective Accounting: Uncovering Business Truths in Client Books
When I open a new client's books for the first time my brain immediately goes into detective mode. Where are they categorizing things? Are they mixing personal and business? What does their chart of accounts look like — is there anything...
Sunway's 99.27% Win Clears Path for RM11B Deal
Sunway just crushed the IJM vote with a massive 99.27% win and the MACC finally got off their back. Is this RM11 billion deal unstoppable now? (Save this for later) 1. Shareholders aren't blinking. 2. The MACC drama is over. 3. Take it...
Terry Smith’s Data‑Driven Calm Amid AI Hype
Terry Smith is currently the favorite punching bag of the investing world. After a period of underperformance, his "Quality" strategy is under heavy fire. But if you actually listen to the 2026 AGM, you’ll find one of the most rational voices...
Marathon Sells $1.1B BTC, Cuts Debt
💥NOT GOOD THE BIGGEST US BITCOIN MINER, MARA, SELLS 15,133 BTC MARA used the $1.1 billion in Bitcoin sales to reduce its convertible note debt The miner has now dropped to third place in the corporate Bitcoin holder rankings https://t.co/VzJmT6vt4M
Diversification Cost Driven by Funding, Not Strategy
"If You Can't Beat 'It, Stack 'It" Quantica's latest on why the cost of diversification depends on how you fund it, not the diversifier itself. Worth your time. https://t.co/w7oKWKy3Ot
We Built the Finance Tool AI Agents Use
Every finance tool is adding an AI chatbot. We went the other direction — we made @tryramp the tool that AI agents use. curl -fsSL https://t.co/dtP4f5DrW5 | bash
Vetted $16M HVAC Roll‑Up Offers 30% IRR
"I strongly believe there are many high net worth people in finance (IB, hedge fund, PE, etc) who have a desire to allocate some money to LMM deals/roll-ups but don't feel like they have access to vetted deals." How about an...
5s30s
5s30s just took out the low from Monday. Back end flattening aggressively post auction https://t.co/KwTSaaxDhY
Administration to Submit FY2027 Budget Request Next Week
Confirming recent rumors that the Administration will send the FY2027 budget request to Congress next week, Sen Approps Cmte chair Susan Collins tells Politico it's supposed to arrive at the end of next week. https://t.co/eF2p9GpD3K Vought to testify to...
Prediction Markets Become ARK’s New Investment Insight Engine
At @ARKInvest, we’re always looking for new tools that can sharpen our research and improve how we make investment decisions. Prediction markets are not just a new derivatives market — they represent a powerful new way to quantify risk and...
CIOs Shift to Variable AI Budgeting Amid Token Volatility
#CIOChat Q4: Endgame: If more IT workloads consume tokens, budgeting shifts from fixed to variable, a major $ issue. How are CIOs adapting financial models like FinOps for AI, chargebacks, or automated guardrails? How do you manage volatility while still enabling...
JPMorgan Unveils CDS Basket to Short Major Tech Debt
JP Morgan has launched a basket of credit default swaps designed to let hedge funds bet against the debt of $GOOGL, $AMZN, $ORCL, $META, and $MSFT 👀 https://t.co/snSNwBvm2p
KLAR's Efficiency Gains Outshine Loan Loss Concerns
Investors focus too much on $KLAR loan losses provisions because of strong loan volume growth. They should focus more on $KLAR becoming a more efficient business by improving operating leverage. - Revenue per employee 3.6x from $344K to $1.24M. - The number of...
Asian Nations Dumped
Be careful not to confuse changes in valuation and changes in custodial patterns (after Russia's reserves were immobilized) with actual sales https://t.co/zTGz75N9rr
Join Tuesday Demo of New Metrics Engine Software
I'm providing a quick overview of my new metrics engine software on Tuesday. Save your seat here: https://t.co/8LmsFlZ8bu If you can't make it, a replay will go out. https://t.co/CDzvmA4cIP
US 10‑Year Yield Climbs to Over 4.40%
Of note: Up 7 basis points so far today, the yield on the US 10-year government bond is currently trading above 4.40%. #economy #markets #bonds
SpaceX IPO Could Outraise All U.S. IPOs 2023‑24
If SpaceX raises $75 billion in its IPO, that would be more than all U.S. IPOs raised in 2023 and 2024 combined.
10‑Year
10-year yield was sub 4% at the start of the war. Now it's over 4.4%. Worst month for $TLT since December 2024 https://t.co/OmX97S6MQ1
Finance Ops Drives 45% AI Agent Market Surge
the ai agents market grew from $8.29 billion in 2025 to $12.06 billion in 2026. that's 45.5% year over year. and finance operations is the number one entry point. 33% of enterprise leaders are piloting agentic ai in finance ops first, ahead...
Board's $400M Buyback Matches Six Years' Spend in 90 Days
From "Trying To Be Realistic" (03/09/26): "The Board approved a $400 million repurchase authorization in October 2025, which was completed in three months. The value of repurchase spend over this 90-day period was equal to the total over the previous...
Private Credit Risks Overstated, Swedroe Says Crisis Unlikely
There has been a lot of talk about the risks of private credit. On our latest @excessreturnpod, @larryswedroe joins us to break down what’s real, what’s misunderstood, and why the talk of a crisis may be overblown. https://t.co/2YaxfJoTXx https://t.co/sJIN95N8lD
Expert Tips for Hedging Energy Price Volatility
How do you hedge exposure to the volatility of energy prices? Sean Murray of @fuseenergy responds https://t.co/meE1SvxnF0
Record Gross Sales, Log Fees as Separate Expense
If you’re using Stripe or Square, this is a CFO conversation. You make a $100 sale. $97 hits your bank. What’s hitting your P&L as revenue? If it’s $97, your reporting is off. Revenue is recorded gross. Fees are recorded separately as an expense. That $3 is...
5‑7‑Year Treasurys Historically Yielded 6‑6.5%
Back in the day, on average, you could get 6-6.5% on 5-7yr Treasurys @soberlook https://t.co/EGLX7QmA3x https://t.co/rb6v4PeHGs
MARA's Cash‑flow Failure Forces BTC Dump, Exposing Crypto Scams
Death spiral imminent for $MARA. They've never once had a positive cash flowing year in all of their existence, their mining is pillaging funds and now they're finally selling BTC holdings. They sold their $1.1B of BTC for ~65k. Anyone...
High‑Yield Spreads Tight Now, Widening Ahead
So far, HY credit spreads haven't widened anyway near as much as they should - given sustained oil prices & its large swings, not to mention supported high VIX & mechanical selling. Wait and see mode only lasts so long... Geopolitical shocks...
Seek Uncorrelated Returns to Reduce Risk, Dalio Shows
According to Ray Dalio, the easiest way to adjust for risk is to seek uncorrelated returns. Ray's made billions from a simple idea. Here's how to do it in a few lines of Python code:
Bitcoin ETF Inflows Rebound After February Outflows
Inflows into Bitcoin ETFs have started to recover after the February outflows, according to CryptoQuant. https://t.co/08lNwqFoPT
Liberty's $475
Macro: convertible issuance funds growth but signals investor caution. Key: Liberty upsized $475M 0% convertibles due 2032, $37.44 conv (~30% premium). Risks: dilution, unsecured notes, redemption triggers. Trading insight: avoid new longs pre-conversion. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
China's $3T Surplus Hasn't Boosted US Bond Inflows
A thread on some work in progress, on China's US bond portfolio As the chart below shows, China's cumulative current account surplus has increased by $3 trillion since the end of 2019 -- and inflows into the US in the US...
Bookkeepers See Only, Can't Spend Your Money
Something I wish more people knew before working with a bookkeeper — when I connect to your bank account, I get view-only access. That means I can see statements and activity but I genuinely cannot transfer money, pay anyone, or...
Act Your Age: Align Business Focus with Lifecycle
Aswath Damodaran on how the focus of a business changes depending on the company's lifecycle Companies that don't act their age will destroy value
Banks Fear Profit Flight, Not Deposit Flight, Over Stablecoins
With stablecoins, the banks aren't worried about deposit flight. They're worried about profit flight. These numbers are embarrassing. https://t.co/JZICGB5MWv
Fed Expands FIMA Access, Extends Window, Could Crash Yields
This is a really great divergent policy thought we should keep on our radar. If it comes to fruition, we could see a collapse in treasury yields. Fantastic work from @ericwallerstein ! “The solution: the Fed should expand FIMA access to sovereign wealth...
Cliff's Volatility Laundering Sparked Inevitable Market Shifts
Once Cliff coined (or amplified?) the phrase "Volatility Laundering," everything else became only a matter of time...
Cryptex ETF to Directly Hold 30
New filing for the Cryptex Digital Market Cap ETF (which has chosen the ticker $BAGZ) structured using Cayman subsidiary and looking to hold 30-ish cryptos directly (which would blow away the curr baskets on mkt) if I'm reading it correctly...
Banks Reclassify Private Credit Loans to Slash Capital Requirements
Big banks hack their risk weighted assets by treating loans to private credit funds as securities, reducing the weighting from 100% to as low as 20%. Proposed capital rules look to further decrease this to 15%, encouraging more of this...
Food Business Failure Stems From Ignoring the Numbers
🚨 FOODPRENEURS 🚨 Most food businesses don’t fail because of bad food… They fail because they don’t understand their numbers. If you’re starting or running a food business and unsure about pricing, taxes, or structure… this is for YOU. I’m opening 5 spots for...
Egan‑Jones Filled Private Credit Rating Gap, Now Under SEC Scrutiny
The private credit boom needed ratings. The big agencies were slow. Egan-Jones filled the gap. 20 analysts. Thousands of ratings. Insurers relied on them. Only now is the SEC is asking questions. 🤔
Oil Shock Forces Fed, Bonds, and Outflows Higher
TLT lost $1.2B. HYG lost $623M. 10Y at 4.38% and rising. In a war. Who buys the bond dip? Foreign CBs may be selling to defend currencies vs DXY near 100. Pension funds face oil inflation that muddies the real yield math. Rate-cut traders...
Manual KPI Tracking Shows Our Data Commitment
If you ever wonder how serious we are about data... Here is $UNP's company-specific KPIs We do them all manually if you're wondering to ensure quality. https://t.co/12H6QL8b1v
Tech Firms Should Prioritize Dividends Amid AI Disruption Risk
In light of the AI disruption risk, more tech companies should shift their capital allocation priorities towards dividends. Agree or disagree?
Read This Acquisition Guide Early to Avoid Heartache
This book has a few too many TLAs (three letter acronyms) but it also contains valuable street wisdom in thinking about selling your company. Read it now, years before you want to sell, and save yourself time and heartache. Magic...
Invesco Acquires Superstate Tokenized MMF, Marking Trad
BOOM: Invesco to Acquire Superstate's USTB Tokenized MMF Management One of first acquisitions of a crypto-native fund by TradFi asset manager. TradFi now majority of top 10 tokenized MMFs $2.2T asset manager Invesco acquiring management of $USTB ($950M AUM, 5th largest tokenized...
Portfolio Holds Strong; Emphasizing Risk Management
Slice Stock portfolio holding up well given current conditions. 🔥 Winners: +6% and +7% One flat, one at -2% This week’s focus: RISK MANAGEMENT in uncertain conditions Join below to see what we’re holding + how we’re managing it 👇 https://t.co/1Now7uJkND
Morgan Stanley Bitcoin ETF Listed on NYSE, Launch Imminent
Morgan Stanley Bitcoin ETF $MSBT got an official listing announcement from NYSE, that typically means launch imminent.. https://t.co/SDDVyAGfpJ
Executive Bonuses Should Reward Revenue, Not Stock Hype
I get why companies do it, but ... me no like incenting executives on stock price / market cap as opposed to operating metrics like revenue and profit. They can miss their target and multiples expand enough the bonus stil pays....
Usage-Based SaaS Pricing Triggers Tax Compliance Chaos
Usage-based pricing is the future of SaaS. It's also a sales tax compliance nightmare nobody warns you about. Here's the problem: Traditional subscriptions are simple for tax. Customer pays $99/month. Same price, same tax, same jurisdiction. Every month. Usage-based pricing? Complete opposite. Every transaction is...