Matt Levine

Buy Low, Sell to Yourself Continuation funds, Amazon drivers, a narrow bank, Trump accounts, crypto gambling and PDT puzzles.

This newsletter is being re-wired to be internet native, 24/7/365 and global. www.bloomberg.com/opinion/news...

Can the Lenders Stick Together? Cooperation agreements, stock borrow costs, Midnight Madness and Spotify Wrapped.

Really good newsletters are really good at separating the signal and the noise. www.bloomberg.com/opinion/news...

AI Can Steal Crypto Now Also Strategy, co-invests, repo haircuts and map manipulation.

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 world’s leading issuer of Money Stuff. www.bloomberg.com/opinion/news...

OpenAI Will Own Some Users Thrive Holdings, portable toilets, OBR URL guessing, cat bond incentives, buffer ETFs and bioengineered meat.

I don’t read Money Stuff newsletters barely anymore. It’s not healthy now that I know what the ...'s in it. www.bloomberg.com/opinion/news...

Take the Crypto Out of the Indexes MSCI, sports betting contagion, sports hedging, bad passwords are not securities fraud, Napster and Grok.

This newsletter is a convergence of entertainment and speculative finance. www.bloomberg.com/opinion/news...

Leave the Gold in the Ground Yap money stones, consultation fees, Morgan Stanley vendors, crypto-to-GSE contagion and the Epstein files.

I thought of you when I read this newsletter. Was this your idea? www.bloomberg.com/opinion/news...

Predict the Sneakers Abstract sneaker space, generalized legal fees, disappointing carry and Crooked Beverage.

We’re excited about our digital future — 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...

This is really a natural evolution of a newsletter made from stock market mechanics. www.bloomberg.com/opinion/news...

The SEC Opposes Shareholder Proposals Also the Fannie/Freddie trade, the least rational investors, meme-stock numbers and Birkin warehouse receipts.

It is certainly possible that I arrived at this newsletter for some innocuous reason. www.bloomberg.com/opinion/news...

Private Markets Are the New Securities Fraud Also weather models, tariff refunds, Birkin correlation, robot delivery drivers and Sealed Air.

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...

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.

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...

Blackstone Is for Everyone Also proxy adviser antitrust, multiverse shareholder voting, how to get very rich, Robinhood bags of cash and Sealed Air.

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...

How Should Shareholders Vote? Proxy advisers, total portfolio approach, cat bonds, First Brands has some more invoices to sell and Asian meme investors.

It is so easy to read Money Stuff in the system. Dopamine keeps me awake late into the night. www.bloomberg.com/opinion/news...

The Hedge Funds Are Hiring Also First Brands, AI long-termism and Tether gold trading.

Does the universe create that many newsletters that you haven't already seen every day? www.bloomberg.com/opinion/news...

Opendoor Did Some Warrants Also honest pitching services, the Metsera conclusion and elite Liar’s Poker.

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...

Elon Wants His Votes Also bond auctions, Forge, crypto treasury companies and Aurinia.

If you’re a rational reader of Money Stuff, you’re stuck between a rock and a hard place. www.bloomberg.com/opinion/news...

Hedge Fund Charged Clients for Art Pass-through fees, AI debt hedging, ETF stock lending and tariffs.

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...

First Brands Found Some Fake Invoices First Brands, First Trust, Elon Musk’s votes, Elon Musk’s brand and corporate rap.

People are really starting to ask: ‘How does this newsletter happen?’ www.bloomberg.com/opinion/news...

Coinbase Said Web3 Mention markets, Pfizer sues Metsera, Tesla votes, adjustable mortgages and fried chicken.

Is this a flash in the pan newsletter that sounds nice in theory but doesn’t work in execution and you move on to the next thing? www.bloomberg.com/opinion/news...

Pay Now, Merge Later Metsera, Elon Musk’s pay package, fake receivables and AI performance reviews.

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...

Put the Data Center in the Box K-cup project finance, box spread rates, Best Egg and an Instagram interview.

How old were you when you became a Money Stuff reader. www.bloomberg.com/opinion/news...

All Public Companies Are Alike Indexing and beta, Trump Media sportsbook, OpenAI’s conversion and private equity rudeness.

For too long, global elites have closely controlled this newsletter. www.bloomberg.com/opinion/news...

The Tariff Refund Trade Also tarot cards, private equity TV ads, AI performance reviews, AI investment banking and gold traders.

Readers of this newsletter say they’ve been inundated with one come-on after another: spam emails, LinkedIn messages, cold calls and more. www.bloomberg.com/opinion/news...

The FBI Found Some Insider Betting Also Elon Musk’s robot army, prediction market volumes, snails and bees.

There needs to be enough control of this newsletter to give a strong influence, but not so much that I can’t be fired if I go insane. www.bloomberg.com/opinion/news...

Banks Make Loans to Non-Banks NDFIs, Ethereum basis trades, Six Flags and snail farming.

I just do this newsletter for devilment. I do it just to get away with it. www.bloomberg.com/opinion/news...

OpenAI Is Building a Banker Also abstract copper, 777 Partners, in-kind Bitcoin ETFs and the AWS outage.

This newsletter is the result of a “screwup” caused by Money Stuff's “antiquated” computer system. www.bloomberg.com/opinion/news...

Banks Misplaced Some Mortgages Zions, TACO prediction markets, VikingGPT and JPMorgan HQ desk space.

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...

Nothing Is Securities Fraud? Shareholder arbitration, a stablecoin fat finger, hedge fund pay and Intrade efficiency.

A war for talent between newsletters has pushed up pay in the industry. www.bloomberg.com/opinion/news...

OpenAI Has a Business Plan Also 18/5 stock trading on 24 Exchange and Nobel Prize betting on Polymarket.

Right now I’d say there’s lots of fuzz on this newsletter, and as it gets closer it’s going to start to take real shape. www.bloomberg.com/opinion/news...

Venture Global’s Gas Plant Is Done Also the Nobel Peace Prize, Credit Suisse AT1s, a Grindr margin-call LBO and StockTwits alpha.

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...