Last weekend, a single basketball card sold for $12.9 million.
Yes, you read that right: nearly thirteen million dollars for a tiny piece of cardboard.
Granted, this wasn’t just any card. It was a “1 of 1” Logoman card signed by Michael Jordan and Kobe Bryant. With Bryant’s tragic death,…
Billionaire hedge-fund manager Steven Cohen has built one of the most successful investment firms on Wall Street.
Cohen’s fund, Point72 Asset Management, manages nearly $40 billion in assets and has a reputation for backing huge, winning trades.
But here’s what’s interesting. Despite his dominance in the public markets, Cohen is…
Can you guess the No. 1 reason a startup goes out of business?
Here it is:
Because it runs out of money.
Sounds simple, but it's true. If a company can’t pay its bills, it’ll go belly up. Meanwhile, if it can keep the lights on, it can live to…
Bad news from Morningstar.
The classic 60/40 portfolio just posted its worst stretch in 150 years.
This is a wake-up call. It shattered the illusion that bonds provide downside protection.
Today, I’ll explain what’s going on here…
And reveal a better way to build a portfolio.
For…
In a move that could reshape the investing landscape, President Trump just signed an order to allow private equity — including startup companies — to be included in your 401(k).
A few years ago, the independent newsroom ProPublica published a shocker of a report.
Based on an analysis of 25 years of tax returns, here’s what it uncovered:
The stewardess on my red-eye to Argentina was delivering a familiar speech as we got ready for takeoff.
Her voice washed over me as I curled up in a window seat, reading the business plan for a tech startup.
“There are ten emergency exits on this Boeing 777 aircraft,” I…
This past week, something extraordinary happened:
Ordinary investors like you and me were offered the chance to buy “shares” in some of the fastest-growing private companies on Earth.
I’m talking about pre-IPO companies like OpenAI, Anthropic, even SpaceX.
But there’s a catch.
These aren’t actual shares. They’re something called tokens.
…Every few decades, Wall Street changes the rules.
First it was blue-chip stocks.
Then it was tech stocks.
More recently, it’s been private startups.
But now the shift is accelerating, fast — toward the Fantastic 40.
Let me explain.
At its recent “East Meets West” investor conference,…
A hairy question is making the rounds of the startup world:
Can Artificial Intelligence (“AI”) make companies so productive that a startup with just one employee will be valued at $1 billion or more?
Today I’ll take a look at this question…
And show you how to use the answer…
