My hot take is that financial modeling will never be fully automated by AI The best analysts already know that all models are wrong. At best, good models are just directionally correct. Despite this, the reason good analysts still build models from scratch is because it

The landscape has shifted dramatically for Private equity in the last ~5 years. I've been highlighting this issue, but this Forbes article publishesd yesterday is illuminating. Headline: it's tough out there. Fundraising and the number of funds are down while hold periods are

Stripe co-founder John Collison says the companies that are successful in changing an industry are often not started by insiders because insiders know too much and don’t think outside of the box: "To spot opportunities requires you to jump out of that mode briefly and question

Claude Opus 4.6 is so strong at financial analysis, including crunching data and reading SEC filings, that after it launched, financial data stocks sold off, with FactSet dropping nearly 10%. Claude Opus 4.6 can analyze company data, filings, and market info to produce deep

Current PE holding multiples (i.e., marks on the books) versus the multiples at which similar deals are actually selling. The hope here is that EBITDA growth has outpaced multiple compression - but you, LP, won’t know until the deal is sold (Source: Hamilton Lane) Links here:

Interesting data. Reinforces my view… Operators are more important than ever.

1/3 of the largest US accounting firms are now owned by PE. The concern regulators are raising: What happens when auditors find something wrong at a company owned by the same PE firm that owns them? In the UK, that’s banned. In the US, it’s just... a concern being raised.

interviewed the guy who's designed 4,500 paywalls. literally analyzes $100k MRR paywalls all day for a living.⁣ ⁣ he found a generic "Continue" button beat a creative CTA by 111%. this is who you should be learning from. full vid 👇

Three weeks ago: 77% of loans above par, repricing wave in full swing Today: 38% above par, M&A deals replacing repricings The software selloff reset the whole market.

Elon Musk literally broke down his 5-step process for applying first-principles thinking to build anything:

The era of financial engineering and multiple expansion has been competed away. Operators are more important than ever. I keep beating this drum and it seems more and more data comes out daily supporting this view.

Poiesis

Private markets are consolidating. Big alternative managers are buying smaller specialist firms. They want everything in one place: insurance, credit, real assets, and secondaries. Funds are turning into giant capital platforms.

Blue Owl classifies the same company as “chemicals” in one fund and “software” in another. Same loan. Same borrower. Different label. Their explanation: “Each fund has a different investment strategy, so classifications can differ.” This is what self-reported disclosure looks

For Claude in Excel users, our add-in now supports MCP connectors, letting Claude work with tools like S&P Global, LSEG, Daloopa, PitchBook, Moody’s and FactSet. Pull in context from outside your spreadsheet without ever leaving Excel.

NYC's annual budget is double Tokyo's Tokyo has twice as many people, cleaner urban environments, superior public transit, lower crime rates, almost no homelessness, and better public education.

Holy shit... someone just built an App Store for Claude Code. It's called SkillsMP and there are 200,000+ agent skills that teach your AI exactly how to write PPTX files, review PRs, deploy to cloud, analyze data, and more. No complex prompting. No building from scratch. No

Sam is so good. Check this out. bannedincalifornia.org

The State of California has been run top to bottom by one party since 2011. Here are their results: 1) highest state income tax 2) highest rate of poverty 3) highest rate of unemployment 4) highest rate of homelessness 5) highest energy costs Hard to explain this away.

Take my money!