Substack is huge but thin, more readers than the WSJ or CBS News online but these are spread over a vastly greater number of writers. @marcruby.bsky.social digs into some of the interesting numbers here. My Q: What happens now big VC investors push for more scale? www.bloomberg.com/opinion/arti...

🚨 How exactly *do* PE, private credit, and insurance intersect? Took some time, but here it is: on.ft.com/4kd077o

Sam Altman has views on bank reg cap. Who knew? [h/t @TheTranscript_] www.federalreserve.gov/conferences/...

Net Interest is five years old! What started in May 2020 as a fun experiment to share what I was seeing in finance has grown beyond anything I expected. I’m deeply grateful to everyone who’s read, shared, and supported it along the way. Thank you. 🙏

Wall street internships are evolving from a training ground to an extended audition for leadership potential, writes @marcruby.bsky.social

It took an incredible late season surge, but I was once again able to get my FPL team into it's rightful position: one spot behind @marcruby.bsky.social