PegasusFund
L/S. Nothing I say is investment advice. https://x.com/PegasusFund
| Platform |  | Pricing | Only free issues | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 8 | Founded | 2 months ago | Last Issue | a month ago |
| Active | |||||
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pegasusfund.substack.comLatest Issues
Bellum in mercatus
Welcome to the great economic crusade of 2026.
It’s been a while since we’ve spoken.
What happened?
This sell-off began with a hawkish Fed on June 16. June also saw the dawn of open-weight models, followed by a collapse in token pric...
Raising the stakes
It’s been clear that the scale and returns of the AI buildout are hitting a critical mass. Not necessarily a stop sign, but a size that is going to make expansion difficult. We’ve discussed the amount of free cash flow required to continue...
Hitting on 15
I think it’s going to be fun looking back on this moment in time. Stocks, and the president’s encouragement of them, have been undefeated for about 15 months in a row. Does it feel familiar to you?
With that in mind, a few days ago I sugge...
Will that be cash or credit?
I spent about 20 minutes coalescing the biggest datacenter accelerator buyers’ actual/forward estimated FCF. It is interesting to look at the totals by year (last row) and company (last column), As you can see, it’s not just that the capita...
I've decided I want to keep this free for now
You all should be receiving a full refund. I’ll continue to use substack in earnest and you’re all welcome to subscribe and engage for free.
Thanks for reading PegasusFund! Subscribe for free to receive new posts and support my work.
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L/S. Independent thinking. Nothing I say is investment advice. https://x.com/PegasusFund
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