Levine Links

May 7, 2026 Sell on eBay to Buy eBay Money Stuff Socks, M&A lawyers, Blue Owl, MFS, Aave. View enhanced version Half cash, half sock Sure, sure, sure : GameStop Corp. Chief Executive Officer Ryan Cohen said his eBay Inc. account was

May 6, 2026 ChatGPT Can’t Pick the Stocks Money Stuff AI, marks, margin, TD3C, Paul Anka. View enhanced version AI bots I often write around here that there are two fundamental ways to use artificial intelligence to trade stocks: You build a

May 5, 2026 Investment Banking Without a License Money Stuff Series 79, swaps, spoofing, 13D, bars. View enhanced version Unlicensed investment bankers Investment banking is, in the US, a regulated profession. If you are doing certain investment ban

May 4, 2026 GameStop Doesn’t Have Enough Stock Money Stuff Shares, moonshots, predictions, slots. View enhanced version GameStop! Well! Yes! This is the point! Of everything! Like: You do good business stuff; Your stock goes up; Now your stock is

Apr 30, 2026 Sell the Electricity No One Is Using Money Stuff American Efficient, PSUS, BJ's. View enhanced version American Efficient People keep inventing new things that use electricity. As people use more electric stuff, they need to find electri

Apr 29, 2026 Short-Swing Short Squeeze Money Stuff CAR, PSUS, LPAC, books, inspiration. View enhanced version Avis Over the past few weeks, Avis Budget Group Inc. had a short squeeze. (We talked about it a couple of weeks ago .) Two hedge

Apr 28, 2026 The Robots Make the Predictions Money Stuff Bots, OBDC II, Rivian, Claude, WLF, Boardy. View enhanced version Polymarket bots I wrote last week that, in investing, “There’s no magic, no dark matter, no other source of gains. Everyon

Apr 27, 2026 Everything Is Commodities Fraud Money Stuff Maduro, take-under, Jain, Abundance. View enhanced version Special Forces insider trading Imagine if prediction markets had been big in 2011. SEAL Team Six load up in their helicopters to

Apr 23, 2026 Traders Do Something About the Weather Money Stuff PM hiring, Polymarket vs. Kalshi, onions. View enhanced version Hair dryer Financial instruments are derivatives of underlying reality. A share of stock in Apple Inc. represents fractional

Apr 22, 2026 There’s No Time to Buy Cursor Money Stuff SpaceX, pensions, insurance, arbitration. View enhanced version Cursor Traditionally the way an initial public offering works is that there is a private company, and it wants to sell its s

Apr 21, 2026 Private Markets Charge More Money Stuff Fees, SpaceX, Hormuz, Tetrahedron. View enhanced version Fees At a very high level, the job of the financial industry is to take customers’ money and invest it in economic growth. When the

Apr 20, 2026 The SEC Can’t Find Victims Money Stuff Disgorgement, cyclicality, interception. View enhanced version Disgorgement In 2022, Elon Musk bought about 9% of the stock of Twitter Inc. US securities laws at the time required him to d

Apr 16, 2026 Tax Alpha Needs Some Real Alpha Money Stuff Tax, tokens, proxies, trucks, pivots. View enhanced version Pre-tax alpha We talked last month about tax alpha. The basic idea is that it is hard to beat the market by buying the stocks th

Apr 15, 2026 AIbirds Money Stuff NewBird, Avis, golf, courses. View enhanced version New Bird I feel like, if you ran a big technology company, and you were looking to expand your artificial intelligence capabilities and

Apr 14, 2026 Banks Aren’t Worried About Private Credit Money Stuff Tranching, BDCs, carbon, mentions. View enhanced version Banks and private credit It is bank earnings week, and people are worried about private credit. You could imagine banks gloating. “

Apr 13, 2026 Prediction Market Making Is Hard Money Stuff Liquidity, resolution, Mythos, concierge. View enhanced version Prediction market microstructure I write about sports gambling around here more than I used to, because sports gambling has

Apr 9, 2026 Buy Bitcoin at Night Money Stuff Anomaly, Insta, venting, index, asymmetry, Satoshi. View enhanced version Bitcoin After Dark A famous financial anomaly is that the stock market mostly goes up when it’s closed : “Over at

Apr 8, 2026 Robot Retail Investors Money Stuff Public, Satoshi, dispersion, audit. View enhanced version AI agents in retail investing People do not like to lose money on stocks. Sometimes a stock goes down, and people who own it sell

Apr 7, 2026 Not Merging Is Not Securities Fraud Money Stuff SPARC, GS Credit, JPM runs, E. coli. View enhanced version Not everything is securities fraud A thing that sometimes happens is: Two companies agree to a merger. The buyer will buy the tar

Apr 6, 2026 Truth Machines Go to War Money Stuff Grok, QQQ, Altman, VC laundry. View enhanced version Have US ground troops entered Iran? Last weekend, Bloomberg Weekend had a great story by Christopher Beam about how linguists are annoy

Apr 2, 2026 Prediction Market Structured Notes Money Stuff BDCs, bid/ask, GLP-1, media. View enhanced version Binary bonds Yessss here’s a trade: You give me $100. I spend $96.90 buying a US Treasury bill that will mature at $100 in February 2027.

Apr 1, 2026 OpenAI Is Almost Public Money Stuff Snap, karaoke, umami, swears. View enhanced version Private markets are the new public markets Today Bloomberg’s Bailey Lipschultz and Edward Ludlow report that SpaceX filed for the larges

Mar 31, 2026 Are Algae Securities Fraud? Money Stuff Algae, hedge funds, float. View enhanced version Are algae securities fraud? I mean. You start a startup with a far-fetched idea like genetically engineering algae to produce clean renewab

Mar 30, 2026 Private Assets Are Coming to 401(k)s Money Stuff LME NDA, CIA, momentum, dungeon. View enhanced version You can put private assets in 401(k)s now Yay? Look, the timing isn’t great. Even a few months ago, the big story in financial market

Mar 26, 2026 Weather Prediction Prediction Money Stuff Nobelis, tranching, Theia, grommet, 420. View enhanced version Weather We talk sometimes around here about hedge funds getting into weather forecasting. Weather affects financial markets (