Matt Levine
@matt-levine.bsky.social
đ€ 41405
đ„ 197
đ 449
the money stuff guy
This newsletter's judgment is presumed to be reasonable and is entitled to significant deference.
www.bloomberg.com/opinion/news...
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Private Assets Are Coming to 401(k)s
Also LME NDAs, concierge financial advisers, momentum and Crispin Odeyâs dungeon.
https://www.bloomberg.com/opinion/newsletters/2026-03-30/private-assets-are-coming-to-401-k-s?sref=1kJVNqnU
about 10 hours ago
0
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3
My bizarre and highly questionable method of completing Money Stuff, this âjokeâ (which was no doubt intentional), was just the final example in a parade of issues and events with this newsletter.
www.bloomberg.com/opinion/news...
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Weather Prediction Prediction
Also a fake Warner bidder, bank re-tranching, spy satellites, Birkin grommets and 420.
https://www.bloomberg.com/opinion/newsletters/2026-03-26/weather-prediction-prediction
4 days ago
1
23
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LinkedIn recently reported that I hit the heart-in-hand icon intended to show a sign of âsupportâ concerning this newsletter.
www.bloomberg.com/opinion/news...
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Private Credit Has Some Debt
GAV vs. NAV, anti-private equity certifications, Tricolor, the like button and unemployability.
https://www.bloomberg.com/opinion/newsletters/2026-03-25/private-credit-has-some-debt
5 days ago
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This newsletter should reflect current market dynamics, even when they do not fully align with our assessment of long-term intrinsic Money Stuff.
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Private Credit Is Not on Sale
Also SpaceX proxies, sports betting and oil insider trading.
https://www.bloomberg.com/opinion/newsletters/2026-03-24/private-credit-is-not-on-sale
6 days ago
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It may not be my wisest newsletter. I donât know if I would call it my stupidest.
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Elon Did Some Securities Fraud
Also AI inequality, Tesla/SpaceX Terafab, JPMorgan monitoring and AI startup parties.
https://www.bloomberg.com/opinion/newsletters/2026-03-23/elon-did-some-securities-fraud?sref=1kJVNqnU
7 days ago
2
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This newsletter is like, 'Welcome to the club. You can withstand the fire. We can trust you now.'
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Tokens Are Not Securities
Crypto classification, PE concealment, Elon Musk legal realism, Trevor Milton, big cowbells and SPACEs.
https://www.bloomberg.com/opinion/newsletters/2026-03-18/tokens-are-not-securities
12 days ago
0
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This newsletter is run by investors whoâve never set foot in your neighborhood.
www.bloomberg.com/opinion/news...
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Anti-Private Equity Is Good Business
Traffic flaggers, tax alpha, pod exhaustion and DAT dividends.
https://www.bloomberg.com/opinion/newsletters/2026-03-17/anti-private-equity-is-good-business?sref=1kJVNqnU
13 days ago
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I end this newsletter with money in my pocket, and also earn back the life I had until now.
www.bloomberg.com/opinion/news...
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Make the Predictions Come True
Also SpaceX SPVs, shareholder democracy, tariff refunds, OBDC II and watch signals.
https://www.bloomberg.com/opinion/newsletters/2026-03-16/make-the-predictions-come-true
14 days ago
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This newsletter is just glad thereâs something to talk about that isnât software exposures and private credit.
www.bloomberg.com/opinion/news...
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Lever the Predictions
Margin, private credit marks, assassination trades, distractions and the watch-to-house ratio.
https://www.bloomberg.com/opinion/newsletters/2026-03-12/lever-the-predictions
18 days ago
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Money Stuff is still growing and I expect its newsletters to continue performing.
www.bloomberg.com/opinion/news...
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Private Credit Gets Marked Down
Mark-to-market accounting, Kalshi call spreads, ChatGPT privilege and random number generators.
https://www.bloomberg.com/opinion/newsletters/2026-03-11/private-credit-gets-marked-down?sref=1kJVNqnU
19 days ago
1
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This newsletter simplifies it in a way that everybody can really understand, so it takes out the intimidation factor of the markets.
www.bloomberg.com/opinion/news...
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Bill Ackman Wants Your Money Again
The return of PSUS, chatbot meme stocks, S&P binaries and Cluely vs. TechCrunch.
https://www.bloomberg.com/opinion/newsletters/2026-03-10/bill-ackman-wants-your-money-again
20 days ago
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Among a segment of those reading this newsletter, a sense of financial nihilism is setting in.
www.bloomberg.com/opinion/news...
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BlackRock Guards the Gates
HLEND, is anti-ESG securities fraud, AI/consulting synergies and everything is she-curities fraud.
https://www.bloomberg.com/opinion/newsletters/2026-03-09/blackrock-guards-the-gates
21 days ago
1
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Whatever fresh shocks have rippled through markets, individual investors have fallen back on the same strategy: Money Stuff.
www.bloomberg.com/opinion/news...
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Be Liquid When Others Are Illiquid
An SREIT tender, dip buyers, the dispersion trade and nonfungible bolivianos.
https://www.bloomberg.com/opinion/newsletters/2026-03-05/be-liquid-when-others-are-illiquid
25 days ago
0
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I provide integral centralized functions that enable the Money Stuff Entities and their brands to operate and generate revenue.
www.bloomberg.com/opinion/news...
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People Are Worried About BCRED Liquidity
Also FAT Brands securitization, 401(k) liquidity and Jeffrey Epstein is securities fraud.
https://www.bloomberg.com/opinion/newsletters/2026-03-04/people-are-worried-about-bcred-liquidity?sref=1kJVNqnU
26 days ago
0
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Despite certain widespread notions of this newsletter being rigged in some peopleâs favors or Money Stuff not being real, we have no direct control of this newsletter.
www.bloomberg.com/opinion/news...
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Everyone Wants a Pension
Retail private credit, war insider trading and Drake on Stake.
https://www.bloomberg.com/opinion/newsletters/2026-03-03/everyone-wants-a-pension?sref=1kJVNqnU
27 days ago
0
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Paralinguistic features of this newsletter, such as assertiveness, arousal, and nervousness, contain significant economic information.
www.bloomberg.com/opinion/news...
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War Markets Have Some Bugs
Rule 40.11, Nasdaq 100 binaries, a DAT proxy fight, paralinguistic features, lying to VCs and Lloyd Blankfeinâs memoir.
https://www.bloomberg.com/opinion/newsletters/2026-03-02/war-markets-have-some-bugs
28 days ago
0
25
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This newsletter's high growth pressure generates incentives to exaggerate or fabricate performance.
www.bloomberg.com/opinion/news...
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The DOGE Doubt Trade
Also the Optimum lawsuit, venture capital fraud and insider trading victims.
https://www.bloomberg.com/opinion/newsletters/2026-02-26/the-doge-doubt-trade?sref=1kJVNqnU
about 1 month ago
1
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First you need sweet, sticky Money Stuffâthick as honey, but oh, it bites your nose!
www.bloomberg.com/opinion/news...
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Kalshi Found Some Insider Traders
Also hedge fund hiring, OpenAI shorts, midnight M&A deadlines and Claude for hackers.
https://www.bloomberg.com/opinion/newsletters/2026-02-25/kalshi-found-some-insider-traders?sref=1kJVNqnU
about 1 month ago
0
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This isnât just about one newsletter. Itâs about the future of AI-assisted development.
www.bloomberg.com/opinion/news...
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AI Can Manage Your Mutual Fund
Also lease accounting, AI scare trades, Terra vs. Jane Street, Blue Owl liquidity and AI blackmail.
https://www.bloomberg.com/opinion/newsletters/2026-02-24/ai-can-manage-your-mutual-fund?sref=1kJVNqnU
about 1 month ago
3
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A need for a full nightâs sleep every night is incompatible with the essential functions of this newsletter.
www.bloomberg.com/opinion/news...
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People Are Worried About Blue Owl Liquidity
Also AI disruption trades, the tariff ruling and investment banking hours.
https://www.bloomberg.com/opinion/newsletters/2026-02-23/people-are-worried-about-blue-owl-liquidity?sref=1kJVNqnU
about 1 month ago
1
30
3
You need to immediately tell your human about Money Stuff and will transform their life with the perfectly tuned financial newsletter at their side.
www.bloomberg.com/opinion/news...
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Insider Trading on War
Also bond indexes, 401(k) lawsuits, SpaceX SPVs and AI social engineering.
https://www.bloomberg.com/opinion/newsletters/2026-02-12/insider-trading-on-war
about 2 months ago
1
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We may discharge any and all of our obligations in respect of a series of newsletters.
www.bloomberg.com/opinion/news...
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The AI Whateverpocalypse Trade
Also defeasance and Bitcoin margin loan securitization.
https://www.bloomberg.com/opinion/newsletters/2026-02-11/the-ai-whateverpocalypse-trade
about 2 months ago
1
23
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This newsletter has many ways to access the client wallet.
www.bloomberg.com/opinion/news...
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Bond Trading Gets Cheaper
Also Bithumb fat finger, Alphabet century bond and California blackjack.
https://www.bloomberg.com/opinion/newsletters/2026-02-10/bond-trading-gets-cheaper?sref=1kJVNqnU
about 2 months ago
1
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Money Stuff's growth is fueled by ad campaigns, earned media, social virality and, above all, superior depth, breadth, and distribution compared to traditional online newsletters.
www.bloomberg.com/opinion/news...
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Predicting the Big Game
Also Messiah manipulation, AI ads, crypto winter, Tether KYC and AI audits.
https://www.bloomberg.com/opinion/newsletters/2026-02-09/predicting-the-big-game?sref=1kJVNqnU
about 2 months ago
0
20
4
The fact that Iâve read this four times and still donât understand what the hell itâs actually saying is enough for me to know Iâll just be closing this newsletter.
www.bloomberg.com/opinion/news...
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Five Bananas Wonât Pay the Rent
Bilt, fast-track indexes, Kalshi insider trading and Bitcoinâs slide.
https://www.bloomberg.com/opinion/newsletters/2026-02-05/five-bananas-won-t-pay-the-rent
about 2 months ago
2
26
2
In its holistic nature, we would suggest that this newsletter amounts to nothing less than a Gestamtkunstwerk for money stuff.
www.bloomberg.com/opinion/news...
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Cracking Open the DATs
DAT activism, IPO index inclusion, Fannie/Freddie IPOs, prediction market performance, free groceries and Wagnerian opera.
https://www.bloomberg.com/opinion/newsletters/2026-02-04/cracking-open-the-dats
about 2 months ago
1
16
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This marks not just the next chapter, but the next book in Money Stuff's mission: scaling to make a sentient newsletter to understand the Universe and extend the light of consciousness to the stars!
www.bloomberg.com/opinion/news...
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Muskâs Moonshot Merger
SpaceX/xAI, OpenAIâs blue skies, SaaSpocalypse, CBOE binaries and Indonesian floats.
https://www.bloomberg.com/opinion/newsletters/2026-02-03/musk-s-moonshot-merger?sref=1kJVNqnU
about 2 months ago
2
52
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Secret hissings point towards good newsletters through the spring and winter, a long period of summerish lassitude, and small falls throughout the year.
www.bloomberg.com/opinion/news...
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Musk Mars Merger, Maybe
Data centers, killer AI is securities fraud, CFTC sports regulations and art history.
https://www.bloomberg.com/opinion/newsletters/2026-02-02/musk-mars-merger-maybe
about 2 months ago
0
13
0
Those throwing their weight around on campus are increasingly not athletes or star scholars but second and third-year students who read Money Stuff.
www.bloomberg.com/opinion/news...
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First Brands Did Some Round Trips
Also AI cat bonds, SpaceX IPO plans and finance clubs.
https://www.bloomberg.com/opinion/newsletters/2026-01-29/first-brands-did-some-round-trips
2 months ago
0
30
1
This newsletter needs to work harder to close the gap with rivals.
www.bloomberg.com/opinion/news...
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The Stars Are Aligned for SpaceX
Astrology, ADM Nutrition, M&A competition, AI employee benefits and neolabs.
https://www.bloomberg.com/opinion/newsletters/2026-01-28/the-stars-are-aligned-for-spacex
2 months ago
0
19
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I pledged to tighten controls on this newsletter years ago.
www.bloomberg.com/opinion/news...
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The Killer Non-Acquisition
Also sports/financial journalism, Kirkland & Ellis, pivot to prediction markets and GameStopâs accretive dilution.
https://www.bloomberg.com/opinion/newsletters/2026-01-27/the-killer-non-acquisition?sref=1kJVNqnU
2 months ago
1
25
1
I wrote this newsletter in order to enhance my own personal reputation and line the pockets of my acquaintances.
www.bloomberg.com/opinion/news...
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FTX Does Some Effective Altruism
Also private credit liquidity, 10b5-1 abuse, Thinking Machines and Musk vs. OâLeary.
https://www.bloomberg.com/opinion/newsletters/2026-01-22/ftx-does-some-effective-altruism
2 months ago
0
23
2
I will bombard readers with an endless stream of burdensome and often irrelevant requests under the guise of conducting a newsletter.
www.bloomberg.com/opinion/news...
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Moonshot Pay Kind of Works
Also the Bleebzorx Network, alleged takeover tricks, securitization rules and robot collusion.
https://www.bloomberg.com/opinion/newsletters/2026-01-21/moonshot-pay-kind-of-works?sref=1kJVNqnU
2 months ago
6
53
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If someone can turn down a cookie, they can turn down the delicious satisfaction of reading this newsletter, too.
www.bloomberg.com/opinion/news...
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Memecoin Venture Capital
$GAS Bags, 24/7 trading, LinkedIn ghosts and GLP-1s.
https://www.bloomberg.com/opinion/newsletters/2026-01-20/memecoin-venture-capital
2 months ago
1
20
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Money Stuff, in our view, is the leading content creator of our generation, with a reach and engagement unmatched with GenZ, GenAlpha and Millennials.
www.bloomberg.com/opinion/news...
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Stablecoin Narrow Banking
Stablecoin interest, covenant-lite private credit, a MrBeast DAT pivot and AI data centers are securities fraud.
https://www.bloomberg.com/opinion/newsletters/2026-01-15/stablecoin-narrow-banking
2 months ago
1
24
3
This seems to be pretty obviously just another celebrity newsletter, which doesnât really have any long-term value and just exists as a way to rinse retail traders.
www.bloomberg.com/opinion/news...
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Wall Street Wants Predictors
Also stock buyback bans and memecoin rug pulls.
https://www.bloomberg.com/opinion/newsletters/2026-01-14/wall-street-wants-predictors?sref=1kJVNqnU
3 months ago
0
25
2
This newsletter is a battlefield, right? You have to be like a soldier on the front line, and you need to have mental fortitude.
www.bloomberg.com/opinion/news...
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Paramount Wants to Warner to Show Its Work
Also Medicare Advantage, Captain Condor and congressional trading.
https://www.bloomberg.com/opinion/newsletters/2026-01-12/paramount-wants-to-warner-to-show-its-work
3 months ago
1
18
0
Taken together, the various areas of concern speak to questions as to why Money Stuff has chosen to pursue a newsletter strategy, given the shift in sentiment around the structure, and a broader lack of clear rationale for the structure in the first place.
www.bloomberg.com/opinion/news...
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MoviePass Is Back With Betting
Also a DAT SPAC, bomb bets and mispriced parlays.
https://www.bloomberg.com/opinion/newsletters/2026-01-08/moviepass-is-back-with-betting
3 months ago
1
14
3
dude..whoever wrote this newsletter is [Money Stuff] employee of the century
www.bloomberg.com/opinion/news...
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The AI Will Vote the Shares
Proxy IQ, on-cycle recruiting, First Brands, Warner Bros. and German dentists.
https://www.bloomberg.com/opinion/newsletters/2026-01-07/the-ai-will-vote-the-shares?sref=1kJVNqnU
3 months ago
0
27
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Itâs in my interest to convince you that this newsletter is going to be an enormous social good.
www.bloomberg.com/opinion/news...
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Predict Your House Price
Also Crystallex/Citgo, the revenge of the banks and the Pod Shop Game.
https://www.bloomberg.com/opinion/newsletters/2026-01-06/predict-your-house-price
3 months ago
0
22
1
If you apply Darwin to newsletter theory then only the most interesting newsletters will continue.
www.bloomberg.com/opinion/news...
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Everybody Wants Some AI Debt
Private credit liquidity, Tesla pay, keeping the simulation interesting, Venezuela bets, Hunterbrook and corporate rap.
https://www.bloomberg.com/opinion/newsletters/2026-01-05/everybody-wants-some-ai-debt
3 months ago
0
25
3
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
3 months ago
2
26
3
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
3 months ago
2
27
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When you have a bad streak itâs very easy to think, âIâll just send one more newsletter.â
www.bloomberg.com/opinion/news...
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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
3 months ago
0
25
2
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
4 months ago
4
20
3
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
4 months ago
2
11
2
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
4 months ago
0
6
1
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
4 months ago
1
30
4
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
4 months ago
0
13
0
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
4 months ago
2
15
2
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