Buy Turpaz: Phoenix Deal Boosts US Footprint
Macro: Turpaz expands US via $95M Phoenix acquisition. Key: $36.8M rev, $6.9M adj EBITDA, $2M synergies, strong liquidity. Risk: integration & rich valuation. Trade: buy the consolidation. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Polygon Joins US Payment Rails via Modern Treasury API
Few realise how big this is! @ModernTreasury just slotted Polygon in alongside ACH, wires, RTP and FedNow inside their API. stablecoin rails are getting plugged into the US financial stack one fintech at a time. The Convergence happening live 👀
BSE Surpasses NSE in April F&O Market Share
BSE Ltd has overtaken National Stock Exchange of India in the F&O segment. In April, BSE gained 55.4% market share, while NSE dropped to 44.6%.
Showcase These Finance Projects to Wow Recruiters
Side Finance Projects That Impress Recruiters 👇 1. Financial Statement Analysis Project 2. Stock Valuation Model (DCF +Comparables) 3. FP&A Dashboard Project 4. Budget vs Actual Analysis 5. SQL Revenue Analysis Project 6. Python Portfolio Analysis 7. Credit Risk Analysis Model #finance #financejobs #financestudents #growth
Turn Healthcare Roll‑Ups Into 2‑X Returns Without Personal Capital
the healthcare roll-up nobody talks about: buy at 4–5x EBITDA combine into platform sell to PE at 10–12x i run a multi 7 figure healthcare org built this way vendor financed zero personal capital
Zero Capital, Vendor‑Financed Deals Scale Healthcare Acquisitions
healthcare acquisition proof: my multi 7 figure organisation: – vendor financed every deal – zero personal capital – off market sourcing only my radiology friend: – $200M exit – zero personal capital the structure works in every healthcare vertical
Bitcoin Spot ETFs Attract $162.8M, BlackRock Leads
🚨UPDATE Bitcoin spot ETFs saw a net inflow of $162.8M last week. BlackRock clients bought $136,600,00 worth of $BTC. https://t.co/9Rb8czpA4S
Dino Polska’s Capital Discipline Fuels 20‑30% Store Returns
Update: They opened 345 stores in 2025 (a total of 3,033). It's the weekend, so if you want to learn capital allocation 101… Dino Polska is a great example of how focused and robust financials and a carefully designed operating model can...
The Downfall of Spirit Airlines Explained
Who killed Spirit Airlines? Here's everything you need to know about what happened and why. https://t.co/fu8co84Shu
Growth Can Drain Cash Even When Profitable: Working Capital Matters
Working capital is the most underestimated force in business. Let’s imagine you have a business running at $ 500k per month of sales. All of a sudden you experience a breakout moment: - 15% sales growth month-over-month for a year - With a net...
Pre‑launch Period: Untapped High‑leverage ETF Marketing Window
Most ETF launches die in the gap between ticker drop and AUM. The pre-launch period — when the issuer is allowed to talk about the thesis but not the ticker — is the highest-leverage marketing window in ETF GTM, and...
New Wave of Startups Build AI-Powered Prediction Market Risk Tools
dozens of new companies forming to create more expressive risk management tools via some form of prediction markets coupled with predictive simulation very long on risk management automation via AI + crypto capital markets compute markets are included in this
Berkshire Sees Market as Casino, Cash Ready to Strike
Warren Buffett at Berkshire’s 2026 AGM talking about waiting to deploy its $397B cash pile: “I’ve compared the markets to the church with a casino attached. People can move between the church and the casino. The casino has gotten very attractive...
True Private Equity Deals Should Never Hit Zero Value
Value degradation in the space of business acquisitions and private equity... “Within any given portfolio in finance, you probably should expect one or two deals to go to zero...” Craig Dupper of Elan Growth Partners believes this is not the case at...
Build a Mini Hedge Fund with Python Algo Trading
How to create your own "mini" hedge fund with algorithmic trading and Python A thread 🧵
April 2026 S&P Gains 10% Amid War, Optimism Returns
In April 2026, US equities saw light in the midst of war and chaos. The S&P 500 rose 10.43%, its best month since April 2020, coming of COVID lows, and the ERP for the index dropped to 4.37%. The market...
Use Berkshire Cash to Acquire Palantir, Transform Into AI Juggernaut
greg abel should blow his load of berkshire hathaway cash to buy palantir bring them into every company in the holdco and portfolio and remake berkshire into an ai native operating juggernaut
Reverse Carry Trade Explained: Oil, Yen, Japan Insights
I have been quiet long enough. This is perhaps the most important thread on X ever published. And the most powerful and impactful comic book you will ever read. If you want to understand the reverse carry trade, bookmark this. Oil, Yen, Japan,...
Forecasting Success Lies in Repeatable Systems, Not One‑off Models
A few years ago I showed a forecasting model to a VP of supply chain. The accuracy was good. I was proud of it. She looked at it for about 10 seconds and asked one question. "Can you run this again next month?" I...
Berkshire's Cash Swells to $400B Amid 14 Quarters Net Selling
Buffett's Cash Position is now near $400B - 14 straight quarters of net selling*, Berkshire exited another $8B of stocks in Q1. *(bought ~$16B, sold ~$24B), data from official earnings/10-Q and 13F-related disclosures. https://t.co/btLzzDvF3e
Berkshire's $397B War Chest Could Snap Up Mega‑Cap Targets
Berkshire Hathaway is sitting on $397B of cash (added ~1/2 in the past 18 months). Here are companies they could just YOLO that are in the ballpark of that amount: $414B (Caterpillar) $388B (Netflix) $363B (Cisco) $345B (Palantir) $323B (Home Depot) $262B (LVMH) $1B (Wendy’s) https://t.co/7leSWmhfnK
Anthropic Poised to Hit $900B with Negative Cash Flow
If the rumored Anthropic at $900 billion round goes through, Anthropic will be the first company in history to cross the $900 billion mark with negative Free Cash Flow. Which is just an interesting data point is all. https://t.co/hYHA0npZye
Early Success Hinges on Usage Frequency, Not Revenue
What’s the most important metric early on? Not revenue. For Inhouse, it’s usage frequency: 👉 ~4 legal needs per SMB per year 👉 That frequency helped unlock their seed round Episode 248 is live 👇 https://t.co/NXvJ9ucWeW #SaaS #Startups #VC https://t.co/EJIHao6VL7
Leveraged Treasuries Offer Minimal Return, Low Sharpe
With fixed pay legs of 10 Year swaps recieving 3.93% with swap spread at 43bp with Kim term premium at 65bp Leveraged bond buyers only get 23bp of expected return vs cash. This on a 5% vol item. Sharpe Ratio...
Spirit's Debt Crisis Undermined Value, Merger Might Have Helped
Was Spirit Airlines Roomba-ed®? Did debt levels make Spirit walking dead? Would the JetBlue merger have made the end less painful for employees of Spirit and Spirit shareholders/debt holders? Did Spirit have any pricing power? Anyone. Anyone. Bueller?...
Apple’s $732B Buyback Dwarfs 488 S&P 500 Firms
Apple has bought back $732 billion in stock over the past 10 years, which is greater than the market cap of 488 companies in the S&P 500. $AAPL https://t.co/l5IYmkf6Ih https://t.co/dSTt9FzbyM
Bots Beat Human Traders in Prediction Markets
Finance Professor Josh Della Vedova talks new report bots are outperforming traders in prediction markets https://t.co/fwHPf4KYWV
President Stubbornly Frames Spirit Rescue as Creditor Issue
Duffy: The president was like a dog on a bone trying to keep Spirit alive: "This was a creditor issue"
Quarterly Gains Mislead Investors; EPS Figures Deceptive
"The amount of investment gains (losses) in any given quarter is usually meaningless and delivers figures for net earnings per share that can be extremely misleading to investors who have little or no knowledge of accounting rules." - Berkshire
SaaS Growth Rebounds While OpenAI Falls Short
This week turned out to be quite positive for the SaaS market. Although the median EV/Sales for SaaS companies is still near its lows at 3.79x, analyst-estimated NTM revenue growth stands at +14.2% YoY and has been increasing over the past...
Question Optimistic Forecasts; Filings May Mislead Investors
Don't be overly optimistic about project forecasts. Public filings can present highly favorable results that don't reflect the project's reality, potentially misleading investors and internal teams alike. #ProjectManagement #HonestyInBusiness https://t.co/aXsMNxLPwJ
Diversify to Avoid Losing Everything when One Investment Crashes
When you concentrate a large portion of your money into one asset, you don’t have much to fall back on if that investment plummets. https://t.co/ZmzFL1fdHb
Treat Your Finances Like Clients for Monthly Clarity
May month ends start Monday and I'm going into it feeling clear on where my business stands. I know my numbers. I know my goals. I know exactly what I need to close and what's coming next. And that clarity didn't...
Valkyries Valued at $850M, Timeline Shorter Than Five Years
BTW, Matt (and rest of world) @sportico today valued the @valkyries at $850M. It ain’t gonna take five years.
Conservative Valuation: Zero Growth, Cash Flow, Downside Pricing
Most valuation models are optimism dressed up in spreadsheets. A conservative one runs on three rules: 1️⃣ Assume growth is zero until the business proves otherwise 2️⃣ Demand strong current earnings — cash flow, not promises 3️⃣ Price in the bad scenario. If it...
DKEM Seeks Funding to Scale Gigawatt Copper Paste
Chinese PV Industry Brief: DKEM seeks cash injection to scale up gigawatt-level production of copper metallization paste #energysky -- via pv magazine global: https://t.co/nFRo9vUc0J
Build a Solid Data Foundation Before AI Layer
CFOs, boring stuff first; sexy stuff second. We've been talking about data and data structure since the release of on-premise software. This is how I'm thinking of the progression of our data structure for SaaS FP&A and SaaS metrics. I've...
Prioritize Real-Time Business Threats Over Mere Documentation
I keep coming back to this: The goal is not to document risk. The goal is to understand what could actually hurt the business today.
Independent Review: Is OneStream Right for Your CPM Needs?
CFOs and finance pros: Corporate performance management tech is crucial. OneStream is a leading CPM solution. Is it right for your organization? Let's dive into an independent overview. #CPM #FinanceTech https://t.co/0YWqrdTT3X
Big Tech Funding Capex by Burning Free Cash
Under the radar and bears watching: Forward earnings expansion financed by FCF destruction. “Alphabet: $73B FCF in 2025, guiding $180–190B capex in 2026. Meta raised its 2026 range to $125–145B against $44B trailing FCF. Amazon TTM FCF compressed ~95% to...
Monthly Chart Shows TLT Outperforming Value Pitches
a few monthly charts i thought i'd share... #monthlycharts although there have been many pitching U.S. treasury (bonds) for value, the chart speaks... $TLT https://t.co/3VMEeufVcn
SPAC IPO Frenzy Stalls: Poor Performance, Few Deals
The recent deluge of SPAC IPOs is a baffling because: 1. They haven't traded well (see below) 2. There's been a lack of merger announcements (particularly high quality deals) 3. Despite the surge in speculative stocks last month, most SPACs are stuck in...
Proper Beneficiary Setup Saves Crypto Estate From Tax Bankruptcy
A client's father died in 2025 with over $100 million in Bitcoin bought in 2011. No keys, no access, but it was in the will. The estate owed 40% tax on $76 million above the gift threshold. They could not...
Elon’s $158B Figure Isn’t Cash, Just Potential Equity Value
🤣🤣🤣 10-K/A Propaganda use of false information Maybe this Emmy-winning progressive nonprofit newsroom and media organization can start by learning to READ? The $158,359,009,867 number is not cash Elon received or “was paid.” It’s the (completely useless but SEC required) accounting grant-date fair value...
FSK Trades at Half Book Amid Massive Losses
The $FSK setup: > Stock at $10.51 vs. $20.89 reported NAV > $517M in realized losses over five quarters > PIK at 34% of NII > 21 names on non-accrual > Bonds got downgraded to junk Stock trades at ~0.54x of book while...
Lender Concessions Halve as Redemptions Surge
Direct lender concessions just collapsed. Q4 2025: 67% of lenders made borrower-friendly concessions to win deals. Q1 2026: 31%. The discipline showed up the moment the redemptions started. Funny timing. Source: William Blair
Bondholders' Holdout Triggers Spirit Airlines' Liquidation
Spirit Airlines is shutting down. The bondholders had two choices: 1. Take 10% of the equity in a Trump-backed reorg. 2. Hold out for more and risk liquidation. They held out. The cash ran out. Liquidation it is.
Hamilton Accies Report £1.36 M Loss, Facing Going concernHamilton Accies Report £1.36 M Loss, Facing Going Concern
A week after the 23/24 accounts came out, Hamilton Accies publish their 24/25 figures ⚽️Loss for year £1.36m ⚽️Total losses over the years £4.4m ⚽️Bank loans £1.51m ⚽️Owed to related parties £1.6m although the auditors expressed concerns about the accuracy of these figures ⚽️Going concern...
Introducing The Ledger: New Finance Newsletter Launch
We are excited to welcome @jlafayette to our suite of expert writers @TheWrap. Today he launches "The Ledger" our new finance newsletter, covering Wall Street, M&A, investment. Today he kicks off talking to Chris Marangi, co-chief investment officer of GAMCO...
Fronting Insurers Carry Counterparty Credit Risk, Not Underwriting Liability
Can someone smarter than me (@CedarStResearch @tangentstyle @anyofyousmartinsuranceandfinancial Guys) help with the following: State National fronts risk. My understanding is they are the actual insurance company that has to make sure the claim is paid. The people they sell the risk to...