Wednesday, November 26, 2025
A few weeks ago, I published an essay titled, Klarna: Sorry, But I Told You So. In the essay, I walked you through Klarna’s IPO, explained why investors were salivating over it — then showed how investors got punched in the mouth when the stock fell off a cliff.
Wednesday, November 19, 2025
Don’t get caught paying too high a price for your investments! This is a problem for stocks, and it’s a problem for startup investments, too.
Wednesday, November 12, 2025
Oh, man. Now things are getting interesting.
Wednesday, November 5, 2025
A few decades ago, going public was the American dream. Visionary founders like Bill Gates built great companies, rang the bell on Wall Street, got rich — and then handed everyday investors a shot at owning the next big thing.
Wednesday, October 29, 2025
In 1965, a college kid named Fred turned in a paper for his economics class. His idea was simple: as the American economy modernized, it would need a dedicated air-based delivery network capable of moving packages overnight.
Wednesday, October 22, 2025
Let me ask you a question. Why would a 150-year-old Wall Street bank — one that makes its bread and butter taking companies public — buy a venture capital firm that focuses on private startups?
Wednesday, October 15, 2025
Not so long ago, the best way to build wealth in America was simple. As classic investment books like Stocks for the Long Run explained, we should buy shares of great public companies and hold onto them for the long run.
Wednesday, October 8, 2025
The Paris Air Show is the world's largest and oldest trade show for aerospace. This year’s show featured more than 2,400 exhibitors from nearly 50 countries.
Wednesday, October 1, 2025
A few weeks ago, I warned you to NOT invest in Klarna’s IPO. At the time, Klarna — the Swedish “buy now, pay later” fintech giant — was getting ready to go public.
Wednesday, September 24, 2025
Bloomberg just revealed a striking new trend: Over the last decade, America’s largest pension funds have more than doubled their exposure to private equity. These are some of the most sophisticated investors in the world.