Marc Rubinstein

Former hedge fund manager; writes top 10 finance Substack and contributor to Bloomberg @opinion.

[Marc Rubinstein @MarcRuby]

Every so often a Substack post is a special joy to write and this week was one of those…

[Marc Rubinstein @MarcRuby]

https://t.co/1A5hxwkawP

[Marc Rubinstein @MarcRuby]

What happens to bank margins when their customers start using AI agents?

[Marc Rubinstein @MarcRuby]

This week’s Net Interest builds on the phenomenal forensic work of @NickNemo17 to explain how we got here

[Bloomberg @business]

Regional lenders Truist and Fifth Third have paused distribution of products tied to billionaire financier Mark Walter’s biggest insurance firm, according to people with knowledge of the decisions https://t.co/Fsl8ZheZAY

[Marc Rubinstein @MarcRuby]

Outside my hotel in Miami

[Marc Rubinstein @MarcRuby]

@Baddiel The knights in front of me put in a shift too!

[Marc Rubinstein @MarcRuby]

@kirwantaylor Yes!

[Marc Rubinstein @MarcRuby]

What a team

[Marc Rubinstein @MarcRuby]

There’ll be no rowing in New York

[Marc Rubinstein @MarcRuby]

If @jamesfishback wins the gubernatorial he should nationalise the line.

[Marc Rubinstein @MarcRuby]

Fortress may have accumulated $5.5bn of debt to get it up and running, but the Brightline rail service is great! On my way to Miami 🏴󠁧󠁢󠁥󠁮󠁧󠁿

[Marc Rubinstein @MarcRuby]

Great idea. Look forward to attending.

[Gavin Baker @GavinSBaker]

Retail, Substack, Reddit and most of all @X accounts are increasingly the most important forces in the stock market and yet there is no way for them to connect directly with the management teams of the companies they are writing about and investing in. And they have almost no visibility into the late-stage private companies that are ever more important.

The @TomorrowXSummit aims to change this. Hosted by @antoniogracias and Valor Equity Partners, @iconnections_io and @rbiscardi and @atreidesmgmt, we are going to have our own version of the superb Morgan Stanley or Goldman Sachs TMT conference with an epic line-up of both public and private companies. Instead of having sell-side analysts interview management teams, we are going to have X accounts like @citrini and buysiders do the fireside chats. We expect thousands of  attendees at the Moody Center in Austin, November 17-18 and please note that security will be extremely tight given some of the CEOs that are going to speak.

Attendance will be free for X accounts that contribute positively to the discourse and affordable for retail accounts. Happy that this means friends like @DanielSLoeb1 , @altcap ,  @plaffont , @patrick_oshag and the @theallinpod crew will be able to afford the price of admittance should their schedules permit. And perhaps we can even get them on a panel or have them interview some management teams. I am sad to say there will be a different price for institutional investors who are not on X unless they are willing to reveal their anonymous handle, but I think this is going to be awesome for all. And everything will eventually be posted here on X for all to see. Open source for the win.

Link to the website to sign up in the next post:

[Marc Rubinstein @MarcRuby]

@BullandBaird That was Dallas!

[Marc Rubinstein @MarcRuby]

First time visit to Buc-ee's on the recommendation of @rorysutherland. You don't get crisps aisles like that back home.

[Marc Rubinstein @MarcRuby]

@MrMojoRisinX Thanks @MrMojoRisinX

[Marc Rubinstein @MarcRuby]

@paulg Try Sourdough Revolution in Lechlade

[Marc Rubinstein @MarcRuby]

Good seeing @TheStalwart and @tracyalloway live in London

[David Wolfson @DXW_KC]

May I gently suggest, @GreenJennyJones, without doubting your good intentions, that this sort of response is part of the problem.
If you meet a specific wrong with a general virtue, you have not answered the wrong; you have stepped around it.