
The Logbook Index
Essays on markets, investing and DeFi, plus the Professional Punters interviews.

Essays on markets, investing and DeFi, plus the Professional Punters interviews.

Map your views on AI, power and global markets. Find your investor profile and a matching watchlist.

Answer 24 questions about how you think and take risks. Find the company that shares your personality.

Find the trading firm that matches your instincts, from Jane Street and Citadel to Bridgewater.

Read the market chatter, call the move and compare your decision with the model.

Size each bet against the clock. Explore the Kelly criterion and see how your results compare.

The simplest way to bet on a price going up or down, without ever owning the thing. Perps, funding rates, and no expiry, explained in plain English.

How a small amount of money can control a much bigger position, for better and for worse. Margin, liquidation, and why 50x is a tighter safety net, not free buying power.

Insiders, politicians, and hedge funds are required by law to show their hand. How to read insider filings, the STOCK Act, and 13F reports, in plain English.

A liquidity check disguised as a lifestyle quiz. Answer fast, get your Larp Index, and find out whether the flex has real money behind it or just good lighting, a flattering angle, and a car you rented by the hour.

U.S. and international markets, pre-IPO access, no-KYC core trading, onchain privacy, and intelligence from sources you trust.

Anthropic, the lab behind Claude, is valued around $1 trillion with no IPO date set. How to actually get tradable exposure today, through a perp on its valuation or a backed PreStock.

We backtested every recommendation our notifications pushed across 68,004 inputs. The result was plus 54.1 percent net versus the S&P's plus 7.6 percent, at a Sharpe of 3.92.

A portrait of one Freeport user and seven of his pre-IPO trades, from fading a thin-book crash on Christmas morning to a 183 percent run. Names changed, figures grounded in public onchain data.

An honest answer to the obvious question, from a party with a conflict of interest. Who is behind Freeport, how your money is actually held, and what is genuinely risky about using it.

SpaceX confidentially filed for an IPO near $1.75 trillion. Here is how to actually trade that exposure today, from a perp on its implied valuation to a 1:1 backed PreStock.

OpenAI is privately valued near $852 billion with IPO groundwork underway. How to trade that exposure today, long or short via a perp, or one-to-one through a backed token.

The short version of our two performance posts: how the recommendation engine works, the headline numbers, what real users earned, and the caveats you should weigh before trusting any of it.

Users generated roughly $27 million in volume at an aggregate 11.7 percent in 45 days. We decompose that into beta, momentum, oil, and a residual, and show what the best traders did differently.

Alphabet, Microsoft, Amazon and Meta all update investors on 2026 AI capex in one after-hours window. Hyperscaler spend is racing toward a projected $710 billion. Here is the full setup.

From Friday close to Monday open, Korea is dark, Japan is dark, Wall Street is dark. One trader walks us through how he prices the weekend tape when the only live market is onchain perps.