Matt Levine
@matt-levine.bsky.social
đ€ 40754
đ„ 197
đ 386
the money stuff guy
If youâre a rational reader of Money Stuff, youâre stuck between a rock and a hard place.
www.bloomberg.com/opinion/news...
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Elon Wants His Votes
Also bond auctions, Forge, crypto treasury companies and Aurinia.
https://www.bloomberg.com/opinion/newsletters/2025-11-06/elon-wants-his-votes
about 4 hours ago
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Money Stuff is able to retain the most talented, and generally highly compensated, writers, which would ostensibly deliver stronger newsletters for the readers.
www.bloomberg.com/opinion/news...
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Hedge Fund Charged Clients for Art
Pass-through fees, AI debt hedging, ETF stock lending and tariffs.
https://www.bloomberg.com/opinion/newsletters/2025-11-05/hedge-fund-charged-clients-for-art
1 day ago
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People are really starting to ask: âHow does this newsletter happen?â
www.bloomberg.com/opinion/news...
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First Brands Found Some Fake Invoices
First Brands, First Trust, Elon Muskâs votes, Elon Muskâs brand and corporate rap.
https://www.bloomberg.com/opinion/newsletters/2025-11-04/first-brands-found-some-fake-invoices?sref=1kJVNqnU
2 days ago
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17
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Is this a flash in the pan newsletter that sounds nice in theory but doesnât work in execution and you move on to the next thing?
www.bloomberg.com/opinion/news...
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Coinbase Said Web3
Mention markets, Pfizer sues Metsera, Tesla votes, adjustable mortgages and fried chicken.
https://www.bloomberg.com/opinion/newsletters/2025-11-03/coinbase-said-web3?sref=1kJVNqnU
3 days ago
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Timely newsletters are crucial for effective decision-making and strategic planning. Keep up the great work, and I look forward to continuing our collaboration!
www.bloomberg.com/opinion/news...
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Pay Now, Merge Later
Metsera, Elon Muskâs pay package, fake receivables and AI performance reviews.
https://www.bloomberg.com/opinion/newsletters/2025-10-30/pay-now-merge-later
7 days ago
1
17
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How old were you when you became a Money Stuff reader.
www.bloomberg.com/opinion/news...
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Put the Data Center in the Box
K-cup project finance, box spread rates, Best Egg and an Instagram interview.
https://www.bloomberg.com/opinion/newsletters/2025-10-29/put-the-data-center-in-the-box
8 days ago
4
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For too long, global elites have closely controlled this newsletter.
www.bloomberg.com/opinion/news...
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All Public Companies Are Alike
Indexing and beta, Trump Media sportsbook, OpenAIâs conversion and private equity rudeness.
https://www.bloomberg.com/opinion/newsletters/2025-10-28/all-public-companies-are-alike
9 days ago
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Readers of this newsletter say theyâve been inundated with one come-on after another: spam emails, LinkedIn messages, cold calls and more.
www.bloomberg.com/opinion/news...
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The Tariff Refund Trade
Also tarot cards, private equity TV ads, AI performance reviews, AI investment banking and gold traders.
https://www.bloomberg.com/opinion/newsletters/2025-10-27/the-tariff-refund-trade?sref=1kJVNqnU
10 days ago
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There needs to be enough control of this newsletter to give a strong influence, but not so much that I canât be fired if I go insane.
www.bloomberg.com/opinion/news...
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The FBI Found Some Insider Betting
Also Elon Muskâs robot army, prediction market volumes, snails and bees.
https://www.bloomberg.com/opinion/newsletters/2025-10-23/the-fbi-found-some-insider-betting
14 days ago
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I just do this newsletter for devilment. I do it just to get away with it.
www.bloomberg.com/opinion/news...
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Banks Make Loans to Non-Banks
NDFIs, Ethereum basis trades, Six Flags and snail farming.
https://www.bloomberg.com/opinion/newsletters/2025-10-22/banks-make-loans-to-non-banks
15 days ago
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This newsletter is the result of a âscrewupâ caused by Money Stuff's âantiquatedâ computer system.
www.bloomberg.com/opinion/news...
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OpenAI Is Building a Banker
Also abstract copper, 777 Partners, in-kind Bitcoin ETFs and the AWS outage.
https://www.bloomberg.com/opinion/newsletters/2025-10-21/openai-is-building-a-banker
16 days ago
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Money Stuff is a labor of love. It is an embodiment that represents our newsletter and where our people are going to work.
www.bloomberg.com/opinion/news...
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Banks Misplaced Some Mortgages
Zions, TACO prediction markets, VikingGPT and JPMorgan HQ desk space.
https://www.bloomberg.com/opinion/newsletters/2025-10-20/banks-misplaced-some-mortgages?sref=1kJVNqnU
17 days ago
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A war for talent between newsletters has pushed up pay in the industry.
www.bloomberg.com/opinion/news...
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Nothing Is Securities Fraud?
Shareholder arbitration, a stablecoin fat finger, hedge fund pay and Intrade efficiency.
https://www.bloomberg.com/opinion/newsletters/2025-10-16/nothing-is-securities-fraud
21 days ago
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Right now Iâd say thereâs lots of fuzz on this newsletter, and as it gets closer itâs going to start to take real shape.
www.bloomberg.com/opinion/news...
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OpenAI Has a Business Plan
Also 18/5 stock trading on 24 Exchange and Nobel Prize betting on Polymarket.
https://www.bloomberg.com/opinion/newsletters/2025-10-15/openai-has-a-business-plan
22 days ago
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Money Stuff is assembled off-site at manufacturing and fabrication facilities in Italy and then shipped to our newsletter sites fully-assembled and packaged for installation.
www.bloomberg.com/opinion/news...
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Venture Globalâs Gas Plant Is Done
Also the Nobel Peace Prize, Credit Suisse AT1s, a Grindr margin-call LBO and StockTwits alpha.
https://www.bloomberg.com/opinion/newsletters/2025-10-14/venture-global-s-gas-plant-is-done
23 days ago
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This newsletter was part of an aide memoire, and I acted impulsively in writing it.
www.bloomberg.com/opinion/news...
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OpenAI Keeps Doing Deals
Also crypto liquidations, inverse levered ETFs, stock buybacks and trade secrets.
https://www.bloomberg.com/opinion/newsletters/2025-10-13/openai-keeps-doing-deals
24 days ago
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In some ways, ânewsletterâ is still perceived as a dirty word. Many still scoff at what the Money Stuff community does on various forums. But thatâs an entirely antiquated view.
www.bloomberg.com/opinion/news...
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First Brands Is Missing Some Money
Also MEME ETF, Bed Bath blockers and severance.
https://www.bloomberg.com/opinion/newsletters/2025-10-09/first-brands-is-missing-some-money
28 days ago
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What Money Stuff canât afford isâif a newsletter provider makes a mistake that ends up asâa systemic, correlated, aggregated risk.
www.bloomberg.com/opinion/news...
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AI Insurance Is Expensive
P(doom), STAAR Surgical projections, Bitcoin life insurance and YouTube self-help.
https://www.bloomberg.com/opinion/newsletters/2025-10-08/ai-insurance-is-expensive
29 days ago
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Money Stuff is expanding how individuals and institutions use newsletters to understand and price the future.
www.bloomberg.com/opinion/news...
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Sports Bets at the Stock Exchange
ICE/Polymarket, pump and dumps are illegal again, AI in consulting and exploding rockets.
https://www.bloomberg.com/opinion/newsletters/2025-10-07/sports-bets-at-the-stock-exchange
about 1 month ago
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You already have that affinity because you were a Money Stuff fan with your dad.
www.bloomberg.com/opinion/news...
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OpenAI Is Good at Deals
OpenAI/AMD, Antifraud Co., M&A scoops, World Cup tickets, Gary Genslerâs cell phone and Citadel Insecurities.
https://www.bloomberg.com/opinion/newsletters/2025-10-06/openai-is-good-at-deals?sref=1kJVNqnU
about 1 month ago
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This newsletter is a strategic self-promotion behavior aimed at compensating for skill gaps and increasing visibility.
www.bloomberg.com/opinion/news...
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Stablecoins Make Banking Narrower
Also Jane Street, Thinking Machines, quantum bond trading, tokenized real estate and LinkedIn cringe.
https://www.bloomberg.com/opinion/newsletters/2025-10-02/stablecoins-make-banking-narrower
about 1 month ago
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This newsletter offers priceless experiences and access to a global ecosystem of relationships, networks and influencers.
www.bloomberg.com/opinion/news...
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Parlay the Predictions
Also HFT and the cost of capital, sports ownership and vulnerable victims.
https://www.bloomberg.com/opinion/newsletters/2025-10-01/parlay-the-predictions
about 1 month ago
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A newsletter is a newsletter, whether you send it to someone whoâs smart or someone whoâs a fool.
www.bloomberg.com/opinion/news...
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Hedge Funds Have To Be Big
Also Tricolor, First Brands, retail SpaceX, Affinity/EA, Charlie Javice and the head of macro.
https://www.bloomberg.com/opinion/newsletters/2025-09-30/hedge-funds-have-to-be-big
about 1 month ago
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The newsletter I'm doing, my sense is it requires a certain sense of chutzpah and commercial sense.
www.bloomberg.com/opinion/news...
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The Perfect AI Startup
If you run a big artificial intelligence lab in 2025, your company has two important sources of value:
https://www.bloomberg.com/opinion/newsletters/2025-09-29/the-perfect-ai-startup?sref=1kJVNqnU
about 1 month ago
3
27
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If you could get something like this newsletter everyday, that would be quite something.
www.bloomberg.com/opinion/news...
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Quantum Bond Trading
Also trend following, stablecoin reversals, crypto payments and free-riding.
https://www.bloomberg.com/opinion/newsletters/2025-09-25/quantum-bond-trading
about 1 month ago
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This newsletter's primary business is identifying distressed companies with name brand recognition.
www.bloomberg.com/opinion/news...
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There Was a RadioShack Ponzi
Also Tetherâs valuation, crypto treasury company buybacks, strip-club bribery securities fraud and corporate rap.
https://www.bloomberg.com/opinion/newsletters/2025-09-24/there-was-a-radioshack-ponzi
about 1 month ago
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31
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When some of these newsletters become big, there is a sort of arrogance that creeps in and they really donât care that much about readers anymore.
www.bloomberg.com/opinion/news...
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Private Equity Is Getting Boring
Also VC competition, the DallasNews deal, AI in finance, stablecoin lending and black swans.
https://www.bloomberg.com/opinion/newsletters/2025-09-23/private-equity-is-getting-boring
about 1 month ago
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This newsletter shows a level of speed and execution not seen before in the Money Stuff space.
www.bloomberg.com/opinion/news...
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Bitcoin Treasury Company M&A
For a long time, the US stock market would pay $2 for $1 worth of crypto. If you had a stash of, say, $500 million worth of Bitcoin, you could plop it into a random public company and the market would...
https://www.bloomberg.com/opinion/newsletters/2025-09-22/bitcoin-treasury-company-m-a
about 2 months ago
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21
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I'm bringing back this notorious newsletter and doing it in the most self-serious way you could ever imagine.
www.bloomberg.com/opinion/news...
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Stocks for the Long Run
Myopia, xAI projections, memecoins, memecoin ETFs, meme stocks and Enron.
https://www.bloomberg.com/opinion/newsletters/2025-09-18/stocks-for-the-long-run
about 2 months ago
3
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This Money Stuff newsletter is one of the sharpest, bare-knuckled newsletters Iâve seen.
www.bloomberg.com/opinion/news...
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Donât Take the Auditor to the Strip Club
Principal-agent problems, newspaper acquisitions and IPO heartbeat trades.
https://www.bloomberg.com/opinion/newsletters/2025-09-17/don-t-take-the-auditor-to-the-strip-club?sref=1kJVNqnU
about 2 months ago
3
36
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Salesforces built to pitch plain-vanilla newsletters proved slow to move riskier Money Stuff offerings.
www.bloomberg.com/opinion/arti...
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Insider Trading Is Not About Fairness
Archegos, funding agreements, private asset alliances and Musk monetization.
https://www.bloomberg.com/opinion/articles/2025-09-16/insider-trading-is-not-about-fairness-mfmwitk6
about 2 months ago
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13
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You canât say âI want Money Stuff but I donât want this bit,â or âCan you dial up this bit?â
www.bloomberg.com/opinion/news...
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Elon Musk Bought Some Stock
Also ChatGPT stock picks, six-month reporting, structured notes, Capital/Strategy, AI Ph.D. pay and AlphaQuest.
https://www.bloomberg.com/opinion/newsletters/2025-09-15/elon-musk-bought-some-stock
about 2 months ago
2
29
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This newsletter is everything I couldâve asked for and more. Itâs a dream team.
www.bloomberg.com/opinion/news...
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Memes Can Be Good for Business
Opendoor, AI pay, algos in August, Fed independence, Ponzi checks and Charizard.
https://www.bloomberg.com/opinion/newsletters/2025-09-11/memes-can-be-good-for-business
about 2 months ago
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25
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This newsletter isnât mortally wounded. It will heal. And when it's fully back, that newsletter is worth a lot more money.
www.bloomberg.com/opinion/news...
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Everyone Wants a Wounded Lion
Hedge-fund hiring, stablecoin competition, Robinhood Social and OnlyFans taxes.
https://www.bloomberg.com/opinion/newsletters/2025-09-10/everyone-wants-a-wounded-lion
about 2 months ago
3
26
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Our North Star is to make Money Stuff invisible to our users. They wonât see how the newsletter works, but theyâll feel the impact.
www.bloomberg.com/opinion/news...
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Stablecoin Treasury Company
Also a blockchain rollup, retail ECM and semiannual financials.
https://www.bloomberg.com/opinion/newsletters/2025-09-09/stablecoin-treasury-company?sref=1kJVNqnU
about 2 months ago
4
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The newsletter does not lie. Please take a close and hard look.
www.bloomberg.com/opinion/news...
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Bill Ackman Has a Trade for Eric Adams
Mayors, Musk pay, a SpaceX tracking stock and an ATM Ponzi.
https://www.bloomberg.com/opinion/newsletters/2025-09-08/bill-ackman-has-a-trade-for-eric-adams
about 2 months ago
3
11
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This newsletter will leverage my strengths, including Money Stuff expertise, solutions orientation, and a deep understanding of the needs of readers.
www.bloomberg.com/opinion/news...
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Private Assets Need Public Buyers
Also tariff refunds, debt-for-policy swaps, Walmart opioid sales, Opendoor ex-CEO pay and CEO body language.
https://www.bloomberg.com/opinion/newsletters/2025-09-04/private-assets-need-public-buyers
2 months ago
2
22
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This newsletter invests across the entire time horizon of human ambition.
www.bloomberg.com/opinion/news...
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Sports Team Owners Like to Win
Aspiration, Strategy, hybrids and anti-ESG.
https://www.bloomberg.com/opinion/newsletters/2025-09-03/sports-team-owners-like-to-win?sref=1kJVNqnU
2 months ago
1
16
2
This is a wafer-thin reed on which to rest such a sweeping newsletter.
www.bloomberg.com/opinion/news...
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The Tariffs Are Still Illegal
Also reinsurance, deal-contingent hedges and a commercial paper revival.
https://www.bloomberg.com/opinion/newsletters/2025-09-02/the-tariffs-are-still-illegal?sref=1kJVNqnU
2 months ago
4
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This is a disgusting way for readers to learn about Money Stuff â through a botched email instead of a respectful conversation.
www.bloomberg.com/opinion/news...
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Pod Shops Are the New Banks
Merger arb, Strategy mNAV, IPO pops, ANZ firings and asking Drake to buy Opendoor.
https://www.bloomberg.com/opinion/newsletters/2025-08-28/pod-shops-are-the-new-banks
2 months ago
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Money Stuff has what we believe to be the largest digital newsletter to market cap ratio in history.
www.bloomberg.com/opinion/news...
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The Taylor Swift Wedding Trade
Insider predicting, Cronos treasury and Numerai.
https://www.bloomberg.com/opinion/newsletters/2025-08-27/the-taylor-swift-wedding-trade?sref=1kJVNqnU
2 months ago
4
32
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This newsletter might eventually pay out in a big way, according to analysts.
www.bloomberg.com/opinion/news...
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Biotech Dividend Arrived Early
Also sports futures contracts, airport timing and AI on the earnings call.
https://www.bloomberg.com/opinion/newsletters/2025-08-26/biotech-dividend-arrived-early
2 months ago
0
11
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This newsletter is great until it becomes a burden.
www.bloomberg.com/opinion/news...
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There Are a Lot of ETFs
Also Intel, Virgin Orbit, Bollinger Innovations, continuation fund loans and a light snack.
https://www.bloomberg.com/opinion/newsletters/2025-08-25/there-are-a-lot-of-etfs
2 months ago
2
22
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Alternative and traditional asset managers are eager to grab a slice of this newsletter which they see as the next frontier of growth.
www.bloomberg.com/opinion/news...
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401(k) Plans Will Get More Fun
Also ChatGPT recommendations, sovereign debt glitches and seating charts.
https://www.bloomberg.com/opinion/newsletters/2025-08-07/401-k-plans-will-get-more-fun?srnd=undefined&sref=1kJVNqnU
3 months ago
1
30
3
The intention is to bootstrap the Money Stuff ecosystem and launch a successful high-speed, high-scale, fast-confirmation, payment-focused web3 environment.
www.bloomberg.com/opinion/news...
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OpenAI Employees Have Stock to Sell
Also retail corporate access, T+1 settlement, the Trump son SPAC and the Bitcoins in a dump.
https://www.bloomberg.com/opinion/newsletters/2025-08-06/openai-employees-have-stock-to-sell
3 months ago
3
33
3
It should not be a scarlet letter to be deemed a newsletter.
www.bloomberg.com/opinion/news...
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Hedge Funds Meet With Companies
Also private credit as the new banking and the SECâs Project Crypto.
https://www.bloomberg.com/opinion/newsletters/2025-08-05/hedge-funds-meet-with-companies
3 months ago
0
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This newsletter is well-positioned to benefit from federal or state-level incentives, such as grants, tax credits, government contracts or preferential procurement programs.
www.bloomberg.com/opinion/news...
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Tesla Gives Musk Some Stock
Also trend following, a Trump SPAC and a mortgage settlement.
https://www.bloomberg.com/opinion/newsletters/2025-08-04/tesla-gives-musk-some-stock?sref=1kJVNqnU
3 months ago
0
33
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This newsletter has been an embarrassment internally, but its failure isnât a big concern.
www.bloomberg.com/opinion/news...
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You Can Insider Trade NFTs Now
Not legal advice. Also Builder.ai, Boring Co., Harvard and AI.
https://www.bloomberg.com/opinion/newsletters/2025-07-31/you-can-insider-trade-nfts-now
3 months ago
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This newsletter doesnât need to be evil â or even particularly smart.
www.bloomberg.com/opinion/news...
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The Bots Will Work Together
Also Kalshi bets, Robey Warshaw, ETHZilla, and putting Bitcoin on your credit card.
https://www.bloomberg.com/opinion/newsletters/2025-07-30/the-bots-will-work-together?srnd=undefined&sref=1kJVNqnU
3 months ago
0
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I will develop a plan to bring disciplined newsletter governance, proper capital allocation, strategic foresight and operational excellence to Money Stuff.
www.bloomberg.com/opinion/news...
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UBS FX Trades Were Too Good
Also Sinovac, Daily Journal and an insurance correlation trade.
https://www.bloomberg.com/opinion/newsletters/2025-07-29/ubs-fx-trades-were-too-good
3 months ago
1
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