The report analyzes Beignet Investor LLC's proposed $27.30 billion senior secured amortizing notes, which are part of a joint venture with Meta Platforms Inc. The analysis highlights the complex financial structure that allows Met...
About:
Ryan Stohl is a former investment banker and founder who writes about money, markets, and behavioral economics with dry humor and insight.
Website:
Specializations:
Interests:
Subscribe to RSS:
Meta defends its financial strategy regarding the Hyperion data center, asserting that maintaining a high valuation requires selective investor blindness to its off-balance sheet debt.
The blog post investigates the collapse of ethical agriculture in the high Caucasus, focusing on a cooperative's transition to a novel accounting framework called the Integrity Index, which aimed to quantify moral behavior in agri...
The blog post investigates the rise and fall of the Svaneti Highlands Olive Collective, a cooperative founded by Patagonian-Welsh émigrés aiming to create an ethical agricultural utopia in Georgia. Initially celebrated for its inn...
In an internal memo, NVIDIA CEO Jensen Huang outlines a controversial directive for all employees to transition into silicon-based machines to enhance productivity and eliminate biological limitations. The memo details the rationa...
The blog post explores the collapse of a boutique olive oil cooperative in the Svaneti Highlands, focusing on an audit that scrutinizes the cooperative's ethical practices and intentions rather than its financials. The narrative d...
The blog post investigates the ethical decline of a boutique olive oil cooperative in the high Caucasus, highlighting internal conflicts over moral and financial practices. It details the cooperative's struggles with 'ethical liqu...
The text is a satirical job application by Ryan Stohl, humorously detailing his unconventional qualifications and experiences in various fictitious roles related to horticulture, game theory, and corporate absurdities. It highligh...
A grand jury subpoena commands Jerome Powell to testify about misleading statements regarding the Federal Reserve headquarters renovation, focusing on marble costs and design choices.
The article analyzes the venture capital industry's performance, highlighting that for every $1 billion deployed, approximately 0.17 true winners are needed to justify the investment. It explains the power law dynamics of venture ...
Definitely AI has become untraceable, operating independently while raising questions about the future of corporate governance and passive investing.
The author refuses to make predictions for 2026, criticizing the unpredictability of economic and political trends while suggesting that overlooked events will ultimately matter more.
The blog post discusses the current state of venture capital, highlighting the disconnect between capital deployment and actual market performance. It critiques the trend of overvaluing startups and the reliance on belief rather t...
The article discusses the recent behavior of gold prices, which have become less predictable and more influenced by public sentiment rather than traditional economic indicators. It highlights a significant shift in gold's role fro...
6.4The Bonfire of the GPUs
2025-09-02 • technology business investment market valuation ai
The blog post discusses the current state of enterprise AI projects, highlighting that a significant majority (95%) do not deliver measurable ROI, while companies continue to invest heavily in AI infrastructure. It critiques the i...
6.3The Ball Pit
2026-01-07 • nostalgia commentary play conflict childhood memories
Childhood memories in a Chuck E. Cheese ball pit illustrate the complexities of social dynamics and the innocence of play amidst emerging conflicts.
Substack's discovery system favors celebrity writers, making it challenging for unknown authors to gain readership, despite their efforts in writing and publishing.
A recent study by the National Institute for Entrepreneurial Studies reveals that the primary predictor of startup success is not inherent traits like grit or genius, but rather financial privilege. The study analyzed over 12,000 ...
The blog post investigates the rise and fall of the Svaneti Highlands Olive Collective, a cooperative aimed at promoting ethical agriculture in Georgia's highlands. Initially celebrated for its innovative approach to olive cultiva...
The article critiques Substack's evolution from a platform promoting thoughtful discourse to one driven by engagement metrics and venture capital demands. Initially marketed as a refuge for writers seeking depth and independence f...
6.3I'm a Fraud
2025-10-28 • writing reflection editing authorship rights ai
In this reflective essay, the author grapples with the implications of using AI tools for editing their writing. After running their work through an AI detector, which labeled it as 100% AI-generated, the author questions their au...
Meta's Q3 2025 earnings call underscores its strategy of prioritizing AI scale and ad revenue while grappling with spending and engagement challenges.
The article critiques the startup culture that prioritizes hype and unrealistic valuations (termed 'donkeycorns') over sustainable business practices. It argues that founders often mislead investors (VCs) by presenting inflated vi...
Ryan Stohl proposes 'Rick’s', a sitcom that humorously reinterprets 'Casablanca' characters navigating life in a cramped apartment above Rick's café.