Matt Levine
@matt-levine.bsky.social
đ€ 40024
đ„ 197
đ 358
the money stuff guy
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
4 days ago
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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
5 days ago
3
35
4
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
6 days 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
7 days ago
2
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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
11 days ago
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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
12 days ago
3
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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
13 days 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
14 days ago
3
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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
18 days ago
2
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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
19 days ago
1
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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
20 days 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
25 days ago
0
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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
26 days ago
4
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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
27 days ago
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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
28 days ago
2
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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
about 2 months ago
1
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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
about 2 months ago
3
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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
about 2 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
about 2 months ago
0
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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
about 2 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
about 2 months ago
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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
about 2 months ago
1
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My fellow apes, gather âround, because your boy is about to drop some newsletter thatâll make your tendies rain from the sky.
www.bloomberg.com/opinion/news...
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Bet on or Against the Unicorns
Also the meme-stock revival, home insurance and tokenized crypto treasury companies.
https://www.bloomberg.com/opinion/newsletters/2025-07-28/bet-on-or-against-the-unicorns?sref=1kJVNqnU
about 2 months ago
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Readers are welcome to put forward any newsletter proposals that theyâd like.
www.bloomberg.com/opinion/news...
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Strategy Does a Stretch
Also Tesla and xAI, alpha capture and an NFT treasury company.
https://www.bloomberg.com/opinion/newsletters/2025-07-24/strategy-does-a-stretch
about 2 months ago
2
25
2
This newsletter is misunderstood or hated by the market.
www.bloomberg.com/opinion/news...
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Meme Stocks Are Back
AI, negative ownership, no-crypto indexes and ChatGPT Agent.
https://www.bloomberg.com/opinion/newsletters/2025-07-23/meme-stocks-are-back?sref=1kJVNqnU
2 months ago
1
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This newsletter aligns with Money Stuff's ongoing commitment to combating market corruption and enhancing shareholder value.
www.bloomberg.com/opinion/news...
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Thereâs a GameStop Treasury Company
Also ETF heartbeats, crypto lending, Libor transition collusion and meme-stock investment.
https://www.bloomberg.com/opinion/newsletters/2025-07-22/there-s-a-gamestop-treasury-company
2 months ago
0
27
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I understand the intent of this language, of the whole newsletter, because I wrote it.
www.bloomberg.com/opinion/news...
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Private Research Is the New Public Research
Also Goldmanâs new career path, Trump Mediaâs Bitcoin treasury, Hessâs JV agreement, Polymarketâs derivatives exchange and Jane Streetâs partner list.
https://www.bloomberg.com/opinion/newsletters/2025-07-21/private-research-is-the-new-public-research?sref=1kJVNqnU
2 months ago
2
20
3
I track usage of words like huzz, soyboy, baddie, or mewing, not just to use in text messages with friends, but to include in this newsletter.
www.bloomberg.com/opinion/news...
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Everyone Wants a Bitcoin Treasury
Also slang memecoins, LQR House, collusion on earnings calls and three-page résumés.
https://www.bloomberg.com/opinion/newsletters/2025-07-17/everyone-wants-a-bitcoin-treasury
2 months ago
1
30
4
Financial history is littered with examples of newsletters that have entered new markets in a rather Looney Tunes style, surrounded by a cloud of dust, only to be flattened to a pancake by a large anvil marked Money Stuff.
www.bloomberg.com/opinion/news...
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Zenoâs Takeover
Also prime brokerage, private-wealth risks and the Strategy premium.
https://www.bloomberg.com/opinion/newsletters/2025-07-16/zeno-s-takeover?sref=1kJVNqnU
2 months ago
0
36
5
Math olympiad champs have long felt the smart money â the low-risk, high-reward wager â was at Money Stuff.
www.bloomberg.com/opinion/news...
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Put the Crypto in the Index Funds
Also tariffs in credit agreements, JPMorgan private credit, Windsurfâs second exit and quants going to AI labs.
https://www.bloomberg.com/opinion/newsletters/2025-07-15/put-the-crypto-in-the-index-funds
2 months ago
0
30
2
Virtually no one thought about the dust, bugs, pet hair, skin cells, mold spores, and all the other gunk that piles up inside this newsletter.
www.bloomberg.com/opinion/news...
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Musk Has Money and xAI Wants Some
Also the Windsurf deal, duct cleaning, tokenization and HYPE.
https://www.bloomberg.com/opinion/newsletters/2025-07-14/musk-has-money-and-xai-wants-some
2 months ago
1
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In this newsletter, I made a decision to write down all of my personal experiences with intelligences beyond ours and past lives I had become aware of.
www.bloomberg.com/opinion/news...
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Do Your Betting With Your Broker
Gambling losses, hedge-fund AI agents, Hunterbrook, legal fees and self-publishing.
https://www.bloomberg.com/opinion/newsletters/2025-07-10/do-your-betting-with-your-broker
2 months ago
2
21
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This newsletter led to unanticipated connections, relationships, and experiences.
www.bloomberg.com/opinion/news...
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Goldman Wants Quarterly Loyalty Updates
Also a gold treasury company, spot-fixing, anti-woke funds and a Buffett bet.
https://www.bloomberg.com/opinion/newsletters/2025-07-09/goldman-wants-quarterly-loyalty-updates
2 months ago
1
32
4
Investors are telling me âwe like the taste and the kick of Money Stuff but would like to trim the caffeine and sugar.'
www.bloomberg.com/opinion/news...
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Floor Traders Want Their Seats Back
CME, Diet ARK, no-dividend ETF, more Jane Street options and vending machines.
https://www.bloomberg.com/opinion/newsletters/2025-07-08/floor-traders-want-their-seats-back
3 months ago
1
27
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This newsletter is counterintuitive, unexpected, and initially met with significant skepticism and incredulity.
www.bloomberg.com/opinion/news...
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Jane Streetâs Indian Options Trade Was Too Good
SEBI, MSOs, America Party.
https://www.bloomberg.com/opinion/newsletters/2025-07-07/jane-street-s-indian-options-trade-was-too-good?sref=1kJVNqnU
3 months ago
0
23
3
Far from being just a newsletter, Money Stuff has to complete many of the far more complex tasks associated with running a profitable business.
www.bloomberg.com/opinion/news...
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AI Is Bad at Snacks
AI rollups, tokenization, arbitrage consulting, gambling loss deductions and stress test positioning.
https://www.bloomberg.com/opinion/newsletters/2025-07-03/ai-is-bad-at-snacks
3 months ago
2
22
3
What we discussed was how to address the inequality between people who have historically had access to this newsletter and everyone else. Thatâs the really exciting part: Now everyone will be able to get it.
www.bloomberg.com/opinion/news...
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The Stocks Will Be Tokenized
Also BlackRock and privates, Vanguard and privates, the Paramount settlement and Enron 2.0.
https://www.bloomberg.com/opinion/newsletters/2025-07-02/the-stocks-will-be-tokenized
3 months ago
3
41
3
Similar to human employees, I have direct managers I report to and work autonomously in areas like newsletter writing.
www.bloomberg.com/opinion/news...
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A Drug-Trial Stock Sale
INmune, Linqto, SRT financing, bank AI agents and the AI pay wars.
https://www.bloomberg.com/opinion/newsletters/2025-07-01/a-drug-trial-stock-sale
3 months ago
2
10
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I feel a visceral feeling right now, as if someone has broken into our home and stolen this newsletter.
www.bloomberg.com/opinion/news...
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Insider Trading on SEC Filings
Edgar typesetting, private credit, security-based swaps and AI pay.
https://www.bloomberg.com/opinion/newsletters/2025-06-30/insider-trading-on-sec-filings
3 months ago
4
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I'm confident in this newsletterâs legality, but itâs possible regulators might take a different view.
www.bloomberg.com/opinion/news...
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Anyone Can Sell You SpaceX Stock
Forwards, startup quasi-exits, crypto for mortgages, CFA embezzlement and FELINE PRIDES.
https://www.bloomberg.com/opinion/newsletters/2025-06-26/anyone-can-sell-you-spacex-stock
3 months ago
3
45
5
The us-versus-them mentality is so strong that this newsletter, known as Money Stuff in the lingo of traders, often gets no more than a perfunctory glance inside some private credit shops.
www.bloomberg.com/opinion/news...
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You Canât Exactly Buy Stock in Athletes
Also private credit trading desks and PRIMEs and SCOREs.
https://www.bloomberg.com/opinion/newsletters/2025-06-25/you-can-t-exactly-buy-stock-in-athletes?sref=1kJVNqnU
3 months ago
2
46
3
For investment professionals already familiar with newsletters, Money Stuff is simply the 'easy button.'
www.bloomberg.com/opinion/news...
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Everything Is an ETF Now
Autocallables, Microsoft Strips, BNB treasury strategy and on-cycle recruiting.
https://www.bloomberg.com/opinion/newsletters/2025-06-24/everything-is-an-etf-now
3 months ago
2
33
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To secure Money Stuffâs highly sought-after services, you would need to read this newsletter.
www.bloomberg.com/opinion/news...
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Malaysian Fryer Oil Arbitrage
Also meta-acquihires, investment bank fees and AI is securities fraud.
https://www.bloomberg.com/opinion/newsletters/2025-06-23/malaysian-fryer-oil-arbitrage
3 months ago
1
22
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This Money Stuff newsletter provides just as many benefits to the economy and society at large as other pass-throughs and corporations.
www.bloomberg.com/opinion/news...
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Lawyers Are Mad About SALT
Also AI signing bonuses, stablecoin regulation and sports contract lawsuits.
https://www.bloomberg.com/opinion/newsletters/2025-06-18/lawyers-are-mad-about-salt
3 months ago
2
20
2
Many people have become familiar with Money Stuff since they have used the Internet.
www.bloomberg.com/opinion/news...
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It's Not Gambling, It's Predicting
Ohio Gambling Recovery, negative greeniums, pizza delivery manipulation and Edgar modernization.
https://www.bloomberg.com/opinion/newsletters/2025-06-17/it-s-not-gambling-it-s-predicting?sref=1kJVNqnU
3 months ago
5
32
3
I am generally expected to release Money Stuff within a few days of news, often under heightened time pressure.
www.bloomberg.com/opinion/news...
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Thereâs a Tron Treasury Company
Also golden shares, equity analyst RTO, Ballyâs Chicago and Pentagon pizza data.
https://www.bloomberg.com/opinion/newsletters/2025-06-16/there-s-a-tron-treasury-company?sref=1kJVNqnU
3 months ago
1
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This newsletter reflects our commitment to making long-term, thoughtful choices about the talent we bring into Money Stuff and the culture we cultivate, while also allowing you the space to prioritise your development in this stage of your career.
www.bloomberg.com/opinion/news...
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High-Speed Traders Slow Down
Tower, 4 p.m. bond trades, staked Ether ETFs and on-cycle recruiting.
https://www.bloomberg.com/opinion/newsletters/2025-06-12/high-speed-traders-slow-down
3 months ago
0
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I agreed with recent criticisms that the process for writing this newsletter had started too early.
www.bloomberg.com/opinion/news...
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The Appraisal Trade Is Back
Endeavor, Scale AI, private equity recruiting, TikTok and home equity securitization.
https://www.bloomberg.com/opinion/newsletters/2025-06-11/the-appraisal-trade-is-back?sref=1kJVNqnU
3 months ago
0
16
2
Accessibility, affordability and some degree of liquidity are key to accommodate the needs of âMoney Stuff" readers.
www.bloomberg.com/opinion/news...
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People Are Worried About Private Market Liquidity
Also SREIT, crypto treasury companies, tariff trades, FCPA and Nikola.
https://www.bloomberg.com/opinion/newsletters/2025-06-10/people-are-worried-about-private-market-liquidity
3 months ago
2
30
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To succeed in the Money Stuff newsletter programme, your full attention and participation are essential.
www.bloomberg.com/opinion/news...
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The Banks Are Re-Tranching
Also private equity recruiting, a Ferretti buyback, a different Goldman and is Musk v. Trump securities fraud?
https://www.bloomberg.com/opinion/newsletters/2025-06-09/the-banks-are-re-tranching
3 months ago
1
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