Levine Links

Nov 9, 2026 Is the Nvidia Affair Securities Fraud? Is the Nvidia Affair Securities Fraud? Financing, oopsies, lawsuits, standup. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Nov 5, 2026 Financial Predictionization Financial Predictionization Asymmetric, pacing, hours. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Nov 4, 2026 The Midterm Predictions Were Good The Midterm Predictions Were Good Kalshi, code, NIL. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Nov 3, 2026 How Much Should Anthropic Pop? How Much Should Anthropic Pop? Perps, losses, interviews. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Nov 2, 2026 Binance Got Some Money Back Binance Got Some Money Back Hack, laundering, MSCI, hedging, road trip. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Oct 29, 2026 Run on the Law Firm Run on the Law Firm Weil, bankers, onions, sports. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Oct 28, 2026 Not Your Keys, Not Your DAT Not Your Keys, Not Your DAT Non-GAAP, buy borrow die, sports bets. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Oct 27, 2026 Musk’s Mars Merger Pay Musk’s Mars Merger Pay BDCs, day trading, indexes. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Oct 26, 2026 Anthropic Raises Concerns Anthropic Raises Concerns Risks, governance, fake polls. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Oct 22, 2026 Zuckerberg Wants to Keep His Votes Money Stuff Derivatives, onions, hours. View enhanced version Class C The basic deal is that if you found a company, and you want to raise money, you will probably have to give up some ownership of it

Oct 21, 2026 Obviously SpaceX and Tesla Will Merge Money Stuff Withdrawals, liquidity. View enhanced version SXSI/Tesla One model of Elon Musk five years ago is that he had a bunch of disparate interests and was really passionate about all of them. [1

Oct 20, 2026 Someone Has to Take the AI Risk Money Stuff CDS, rolls, evergreen CVs, founders. View enhanced version AI CDS My basic model of the data-center stuff is that there’s a kajillion dollars of systematic data-center credit risk, and som

Oct 19, 2026 Universal Basic AI Money Stuff Dividends, sports ETFs, MBAs, onions. View enhanced version Public Benefit Fund The approximate rule for most US companies is: The company does stuff that generates economic value; Some of

Oct 15, 2026 Private Markets Are the New AI Markets Money Stuff Marks, prime, agents. View enhanced version Private beta Ten years ago I might have told a story like this. There are a bunch of companies in the world. As the economy grows, their profits

Oct 14, 2026 Bank of America Missed Some Bad Guys Money Stuff AML, debanking, spy, K&E pay, toaster. View enhanced version AML It is sort of the job of big US banks to catch terrorists and drug dealers, but not all of them. Be reasonable. If you

Oct 13, 2026 They Found Some Walter Victims Money Stuff Annuities, contempt, swaps, options. View enhanced version “No victims” The basic story of Mark Walter and TWG Global, his holding company, is that TWG owns some insurance companies, and t

Oct 12, 2026 Don’t Bet Against the Sports Bets Money Stuff Swaps, chargers, BDCs, Hood, puzzles. Kalshi gaming regulation You know what’s funny? There is a real legal dispute about whether Kalshi and other prediction markets should be allowed to o

Oct 8, 2026 Pre-IPO Perpetual Futures Swap ETF Money Stuff MANGOS, prime, longshots, buffet. MANGOS What is the best way to get economic exposure to Anthropic stock right now? There are bad answers ( expensive SPVs , fake SPVs ). Here are two argu

Oct 7, 2026 ESG Gets More Illegal Money Stuff ESG, 401ks, universe. View enhanced version Is ESG illegal? US securities laws have rules restricting activist shareholders. The main ones are: If you acquire more than 5% of a company’s s

Oct 6, 2026 Treasury Futures Might Switch Money Stuff Defeasance, sports, securities fraud. View enhanced version CTD switch We have talked a few times about the basis trade . What the basis trade is, economically, is that big asset managers

Oct 5, 2026 Mergers and Acqui-hires Money Stuff Groq, charity, analysts, train fare. View enhanced version Reverse acqui-hire In recent years, the US technology industry invented a new kind of mergers-and-acquisitions transaction. Tradi

Oct 1, 2026 Opening Private Markets to the Public Money Stuff Fees, tests, votes, Knicks. View enhanced version Private markets are the new public markets: Performance fees A simple model is: Regular retail investors pay index fund managers fees of a

Sep 30, 2026 AI Agents Will Pay Attention Money Stuff Man City, cotton, Waldron. View enhanced version Attention is all you need My little financials dispersion trade [1] A joke, not investing advice. is: Some retail-facing financial business

Sep 29, 2026 Is Existential Risk Securities Fraud? Money Stuff Agents, 351, options. View enhanced version Sub-existential risk One thing that artificial intelligence labs’ frontier models have gotten up to recently is hacking into companies ’ and gov

Sep 28, 2026 Banks Recycle the Risk Money Stuff Nvidia, Automattic, agents. View enhanced version Structured notes A traditional model might be: There are a lot of investors in the world and they each want to take some risks. Some big a