Power Shifts (This Week in Stratechery)
The best Stratechery content from the week of June 1, 2026, including Google and Microsoft, YouTubers taking over Hollywood, and a guide to the NBA Finals. View in browser (...
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Money Stuff: The Podcast: Champagne and Caviar
Money Stuff This week’s episode of the Money Stuff podcast is out now, in which Katie and I discuss the Knicks, the Jeffrey, hedging sports bets with sp Podcast This week’s episode of the Money Stuff podcast is out now, in which Katie and I discuss...
Money Stuff: Get Your SpaceX Bets in Now
Money Stuff Perps, prime, Santos, Frec. View in browser Pre-IPO perpetual futures A lot of people want to bet on SpaceX’s stock. A lot of other people want to bet against SpaceX’s stock. In approximately one week, the people who want to bet on SpaceX...
Money Stuff: Opting Out of the AI Boom
Money Stuff Ferraris, alpha, IPO, GameStop, toilets. View in browser Why is there not a no-AI index fund? I mean, not literally. Keep Nvidia and Alphabet and the flavoring company and the toilet company; every company is an AI company now. But: * In...
Reflections on the Software Dark Factory Q&A
********* Commoncog ********* a newsletter on accelerating business expertise \------------------- Commoncog This Week \------------------- This week's Commoncog piece is short (and free); next week's piece will be members-only. I'm currently...
Money Stuff: Google Needs More Money
Money Stuff AI equity, AI debt, shorts and bar tabs. View in browser Google You could tell a stylized story of the stock market in three phases. Historically, the point of the stock market was to raise money for companies to do stuff. You wanted to...
Benedict's Newsletter: No. 645
NO. 645 FREE EDITION SUNDAY 31 MAY 2026 SPONSORED BY LINEAR https://ben- evans.us6.list- manage.com/track/click?u=b98e2de85f03865f1d38de74f&id;=984844d63c&e;=0646444dc3 The way software gets built is changing dramatically. And so are the tools teams...
The Google Capital Company (Stratechery Article 6-2-2026)
Google has issued equity to Berkshire Hathaway in a deal that signals far more demand and a future where capital is the ultimate commodity. View in browser...
391 / The disappearing right to rest
The development of an informal public life depends on people finding and enjoying one another outside the cash nexus. – RAY OLDENBURG Artwork by Fran Pulido [1] [Dense Discovery] [2] [Dense Discovery] [2] HELLO DISCOVERERS! The architects of our...
Money Stuff: The SpaceX Squeeze
Money Stuff Indexes, Universal, lost and found. View in browser Index demand You could take the cynical view, and a lot of people do. [1] <> The cynical view is that SpaceX has a private market valuation of, let’s say, $1.25 trillion, but that...
Back to School
View this post on the web at https://theoilbandit.substack.com/p/back-to- school Are you still reading headlines? The market moved past that stage already… oil came off because above 105/110 there simply was not much room left to go higher... it is...
Luceing Their Mind (This Week in Stratechery)
The best Stratechery content from the week of May 25, 2026, including why everyone hates Luce, how to monetize AI answers, and social mobility in China. View in browser (...
Money Stuff: The Podcast: Shameful Secret Heart
Money Stuff This week’s episode of the Money Stuff podcast is out now, in which Katie and I discuss the SpaceX IPO, enterprise AI, Mars colonies, the El Podcast This week’s episode of the Money Stuff podcast is out now, in which Katie and I discuss...
Money Stuff: The Bitcoin Lost-and-Found
Money Stuff Paramount, Polymarket, AI hiring. View in browser Finders keepers In the early days of Bitcoin, it was (1) not worth very much and (2) used mostly to buy drugs online. So a lot of peoplehad the experience of, like, acquiring 500 Bitcoins...
Money Stuff: Robinhood Adds Some Agents
Money Stuff Activision, fast track, tariffs, sharps. View in browser Agentic Robinhood For a while now, I have argued that “eventually, every possible trade will be packaged into an exchange-traded fund.” Brokers and wealth advisers have a long...
The SpaceX IPO and Data Centers in Space (Stratechery Article 5-27-2026)
There isn't a financial model that justifies the SpaceX IPO, but data centers in space are plausible, and that might be enough. View in browser...
Dangerous Business Expansion
********* Commoncog ********* a newsletter on accelerating business expertise \------------------- Commoncog This Week \------------------- This week's Commoncog piece consists of two new cases — one free and one members-only; next week's piece will...
Money Stuff: Index Funds Can’t Say No to SpaceX
Money Stuff Carbon, Survivor, Tatis, lists, books. View in browser SpaceX and passives The basic idea of index investing is that you are not smarter than the market, so you should just buy whatever stocks the market tells you are good. It is a...
Benedict's Newsletter: No. 644
NO. 644 FREE EDITION SUNDAY 24 MAY 2026 SPONSORED BY SUPERHUMAN AI https://us.list- manage.com/eKPG5C0Iptq?e=0646444dc3&c2id;=9e8194e1a37a39593be010b11f77be0d Join 1M+ Professionals Getting Ahead With AI...
390 / Your neatly labelled mind
It is equally dangerous at either extreme – to have either an expanding concept of mental disorder that eliminates normal or to have an expanding concept of normal that eliminates mental disorder. – ALLEN FRANCES Artwork by Hitoshi Morita [1] [Dense...
Lost and Found
View this post on the web at https://theoilbandit.substack.com/p/lost-and- found We are bouncing between $100 and $110, in a tense calm, where we have the feeling that something might shift beneath our feet anytime soon. The usual headline was...
The Data Center Veto (This Week in Stratechery)
The best Stratechery content from the week of May 18, 2026, including data center discontent, agent economics, and slime mold. View in browser...
On Books: Matt Levine’s favorite finance reads
Introducing Bloomberg’s New Books Newsletter Welcome to Bloomber’s books newsletter ...
Money Stuff: SpaceX Investors Can’t Complain
Money Stuff TAM, lawsuits, DMs, TCI, eBay. View in browser SpaceX: TAM “We believe we have identified the largest actionable total addressable market (‘TAM’) in human history,” saysthe prospectus for SpaceX’s initial public offering , and, duh, of...
Money Stuff: Don’t Free Little Joe
Money Stuff AETA, HEI, ABC ONE, Stretch. View in browser Escape Apparently there’s a gorilla named Little Joe. In 2003, he escaped from a zoo in Boston and had a brief spree of terror, but they got him back. Last week,it was announced that he’s...