Matt Levine
@matt-levine.bsky.social
đ€ 40930
đ„ 197
đ 408
the money stuff guy
Itâs astonishing that this newsletter went on for years and only came to light because someone made a dumb mistake.
www.bloomberg.com/opinion/news...
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Trump Media Discovers Nuclear Fusion
Also Tricolor, First Brands, vending machines and holiday videos.
https://www.bloomberg.com/opinion/newsletters/2025-12-18/trump-media-discovers-nuclear-fusion
5 days ago
2
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Iâve missed Christmas Eve and New Yearâs and the Fourth of July holidays for newsletters a lot smaller than this. This is as good as it gets for newsletter writers.
www.bloomberg.com/opinion/news...
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Warner Doesnât Trust Paramount
Revocable trusts, ESG side letters, IPO lockups, Destiny and doing deals over the holidays.
https://www.bloomberg.com/opinion/newsletters/2025-12-17/warner-doesn-t-trust-paramount
6 days ago
2
25
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When you have a bad streak itâs very easy to think, âIâll just send one more newsletter.â
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Fake Trading Is Hard Work
Prop trading, non-bank lending, IPO pricing, crypto treasury and Epsteinâs wealth.
https://www.bloomberg.com/opinion/newsletters/2025-12-16/fake-trading-is-hard-work?sref=1kJVNqnU
7 days ago
0
24
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This newsletter is one of the most intense lifestyles out there.
www.bloomberg.com/opinion/news...
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The Video of Dumb Investment
South Korean retail investors, insider predicting, vesting cliffs, quant secrecy and crashing recruiting events.
https://www.bloomberg.com/opinion/newsletters/2025-12-15/the-video-of-dumb-investment?sref=1kJVNqnU
8 days ago
4
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This newsletter's readership consists of practicing dentists rather than financial professionals.
www.bloomberg.com/opinion/news...
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A Stock Price Is Not a Prediction
Also Architects of AI, debanking risk, dentists on the investment committee and fistfights with regulators.
https://www.bloomberg.com/opinion/newsletters/2025-12-11/a-stock-price-is-not-a-prediction?srnd=undefined
12 days ago
2
10
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This newsletter significantly declines on the day following the release of popular late-night shows.
www.bloomberg.com/opinion/news...
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The Warner Deal Will Take a While
Also M&A AI data, trillion-dollar IPOs and good TV is bad for stocks.
https://www.bloomberg.com/opinion/newsletters/2025-12-10/the-warner-deal-will-take-a-while
13 days ago
0
6
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I have abandoned the semblance and reality of a fair newsletter process, thereby abdicating my duties to readers.
www.bloomberg.com/opinion/news...
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A Bidding War for Warner Bros.
Also the SEC shutdown, the CFPB pause and the DAT collapse.
https://www.bloomberg.com/opinion/newsletters/2025-12-08/a-bidding-war-for-warner-bros?srnd=undefined&sref=1kJVNqnU
15 days ago
1
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This newsletter is being re-wired to be internet native, 24/7/365 and global.
www.bloomberg.com/opinion/news...
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Buy Low, Sell to Yourself
Continuation funds, Amazon drivers, a narrow bank, Trump accounts, crypto gambling and PDT puzzles.
https://www.bloomberg.com/opinion/newsletters/2025-12-04/buy-low-sell-to-yourself
19 days ago
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Really good newsletters are really good at separating the signal and the noise.
www.bloomberg.com/opinion/news...
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Can the Lenders Stick Together?
Cooperation agreements, stock borrow costs, Midnight Madness and Spotify Wrapped.
https://www.bloomberg.com/opinion/newsletters/2025-12-03/can-the-lenders-stick-together?sref=1kJVNqnU
20 days ago
2
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This newsletter marks the next step in our evolution, and we believe it will better position us to navigate short-term market volatility while delivering on our vision of being the worldâs leading issuer of Money Stuff.
www.bloomberg.com/opinion/news...
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AI Can Steal Crypto Now
Also Strategy, co-invests, repo haircuts and map manipulation.
https://www.bloomberg.com/opinion/newsletters/2025-12-02/ai-can-steal-crypto-now?sref=1kJVNqnU
21 days ago
4
33
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I donât read Money Stuff newsletters barely anymore. Itâs not healthy now that I know what the ...'s in it.
www.bloomberg.com/opinion/news...
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OpenAI Will Own Some Users
Thrive Holdings, portable toilets, OBR URL guessing, cat bond incentives, buffer ETFs and bioengineered meat.
https://www.bloomberg.com/opinion/newsletters/2025-12-01/openai-will-own-some-users
22 days ago
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This newsletter is a convergence of entertainment and speculative finance.
www.bloomberg.com/opinion/news...
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Take the Crypto Out of the Indexes
MSCI, sports betting contagion, sports hedging, bad passwords are not securities fraud, Napster and Grok.
https://www.bloomberg.com/opinion/newsletters/2025-11-25/take-the-crypto-out-of-the-indexes
28 days ago
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I thought of you when I read this newsletter. Was this your idea?
www.bloomberg.com/opinion/news...
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Leave the Gold in the Ground
Yap money stones, consultation fees, Morgan Stanley vendors, crypto-to-GSE contagion and the Epstein files.
https://www.bloomberg.com/opinion/newsletters/2025-11-24/leave-the-gold-in-the-ground
29 days ago
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Weâre excited about our digital future â a future harnessed by newsletter products that empower the creator economy; and a future where Money Stuff unlocks marketplace efficiencies and new experiences for our global community.
www.bloomberg.com/opinion/news...
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Predict the Sneakers
Abstract sneaker space, generalized legal fees, disappointing carry and Crooked Beverage.
https://www.bloomberg.com/opinion/newsletters/2025-11-20/predict-the-sneakers
about 1 month ago
1
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This is really a natural evolution of a newsletter made from stock market mechanics.
www.bloomberg.com/opinion/news...
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https://www.bloomberg.com/opinion/newsletters/2025-11-19/fine-trade-labubu-futures?sref=1kJVNqnU
about 1 month ago
0
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It is certainly possible that I arrived at this newsletter for some innocuous reason.
www.bloomberg.com/opinion/news...
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The SEC Opposes Shareholder Proposals
Also the Fannie/Freddie trade, the least rational investors, meme-stock numbers and Birkin warehouse receipts.
https://www.bloomberg.com/opinion/newsletters/2025-11-18/the-sec-opposes-shareholder-proposals
about 1 month ago
1
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This newsletter loves the fashion girlies and tries to inject a little bit of fun into the boring private equity and hedge fund worlds.
www.bloomberg.com/opinion/news...
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Private Markets Are the New Securities Fraud
Also weather models, tariff refunds, Birkin correlation, robot delivery drivers and Sealed Air.
https://www.bloomberg.com/opinion/newsletters/2025-11-17/private-markets-are-the-new-securities-fraud?sref=1kJVNqnU
about 1 month ago
1
34
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i am not convinced that a current cast member of the real housewives of miami is "spending a fortune to live in extreme privacy."
www.wsj.com/lifestyle/tr...
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The Ultrarich Are Spending a Fortune to Live in Extreme Privacy
In Miami and elsewhere, the wealthy are moving in increasingly private spheres, shelling out big money to bypass the indignities of public life.
https://www.wsj.com/lifestyle/travel/the-ultrarich-are-spending-a-fortune-to-live-in-extreme-privacy-3f400e55
about 1 month ago
4
124
5
Some readers lamented that the swagger was gone and that this newsletter felt akin to being in a factory or flipping burgers in a line.
www.bloomberg.com/opinion/news...
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Blackstone Is for Everyone
Also proxy adviser antitrust, multiverse shareholder voting, how to get very rich, Robinhood bags of cash and Sealed Air.
https://www.bloomberg.com/opinion/newsletters/2025-11-13/blackstone-is-for-everyone
about 1 month ago
1
29
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It is so easy to read Money Stuff in the system. Dopamine keeps me awake late into the night.
www.bloomberg.com/opinion/news...
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How Should Shareholders Vote?
Proxy advisers, total portfolio approach, cat bonds, First Brands has some more invoices to sell and Asian meme investors.
https://www.bloomberg.com/opinion/newsletters/2025-11-12/how-should-shareholders-vote?sref=1kJVNqnU
about 1 month ago
1
26
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Does the universe create that many newsletters that you haven't already seen every day?
www.bloomberg.com/opinion/news...
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The Hedge Funds Are Hiring
Also First Brands, AI long-termism and Tether gold trading.
https://www.bloomberg.com/opinion/newsletters/2025-11-11/the-hedge-funds-are-hiring?sref=1kJVNqnU
about 1 month ago
0
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When corruption infiltrates this newsletter, it brings disgrace not only to the participants but damages the public trust in an institution that is vital and dear to all of us.
www.bloomberg.com/opinion/news...
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Opendoor Did Some Warrants
Also honest pitching services, the Metsera conclusion and elite Liarâs Poker.
https://www.bloomberg.com/opinion/newsletters/2025-11-10/opendoor-did-some-warrants?sref=1kJVNqnU
about 1 month ago
1
19
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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 2 months 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
about 2 months ago
1
25
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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
about 2 months ago
0
18
1
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
about 2 months ago
1
15
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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
about 2 months ago
1
17
1
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
about 2 months ago
4
11
2
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
about 2 months 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
about 2 months ago
0
18
3
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
2 months ago
0
29
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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
2 months ago
1
16
3
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
2 months ago
1
20
3
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
2 months ago
0
23
3
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
2 months ago
0
19
1
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
2 months ago
0
28
4
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
2 months ago
1
43
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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
2 months ago
2
46
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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
2 months ago
1
30
1
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
3 months ago
0
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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
3 months ago
0
26
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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
3 months ago
1
27
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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
3 months ago
0
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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
3 months ago
1
12
1
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
3 months ago
0
13
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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
3 months ago
3
27
1
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
3 months ago
0
15
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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
3 months ago
2
31
5
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
3 months ago
0
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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
3 months ago
0
21
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