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Money Stuff, enhanced
Matt Levine's newsletter with AI summaries for paywalled articles.
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Today
Private Credit Is Not on Sale
Money Stuff SpaceX, sports, oil. View enhanced version Private credit The simplest model is that the typical private credit fund is worth, say, 80% of what its managers say it is worth. If you are an
Yesterday
Elon Did Some Securities Fraud
Money Stuff Twitter, UBIFO, Terafab, hours, parties. View enhanced version Elon is securities fraud In April 2022, Elon Musk signed an agreement to buy Twitter Inc. for $54.20 per share in cash, about
7 days ago
Tokens Are Not Securities
Money Stuff Crypto, PE, Musk, Milton, cowbell, SPACE. View enhanced version Programming note: Money Stuff will be off tomorrow and Friday, back on Monday. SEC token taxonomy In the late 2010s and earl
8 days ago
Anti-Private Equity Is Good Business
Money Stuff Anti-PE, tax alpha, pods, DATs. View enhanced version Private equity A possibly good business niche would be “private equity front.” That is: These days, “private equity” has some pretty n
9 days ago
Make the Predictions Come True
Money Stuff SPVs, nuns, tariffs, OBDC II, watches. View enhanced version New prediction market manipulation In theory, a thing that you could do is: Buy some short-dated out-of-the-money call options