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Can xAI Keep Up Its Momentum In the AI Race?

Last week, Elon Musk posted another bold claim on X: It’s easy to dismiss this as classic Musk. After all,...

A Short History of the S&P 500

A reader asks: Long term S&P 500 return figures are often cited as going as far back as 1926. While...

Crypto’s Weekend Whipsaw Could Be the Start of Something Bigger

Ethereum (ETH) nearly hit the $5,000 mark last weekend before tumbling back down in a matter of hours. Traders called...

Is this 1996 or 1999?

Alan Greenspan’s infamous irrational exuberance speech is a classic example of how crazy markets can always get crazier. This was...

China’s Robot Olympics Got Laughs but the Stakes Are Serious

Like most Americans, I get pumped for the Olympics. Next year, I’m hoping my young daughters will have enough of...

The $84 Trillion Elephant in the Room

I’ve seen all sorts of estimates for the coming wealth transfer from baby boomers to the next generation. $16 trillion....

Where Have All the Contrarians Gone?

I had a joke in the 2010s that went like this: I’m a contrarian.  -Everyone It was cool to be...

Is AI Security Helping or Harming America’s Schools?

I went to an all-boys high school — Christian Brothers Academy — where the closest thing we had to a...

Tripling Your Net Worth in 5 Years

A reader named Andy asks: I’m 25 and live in Belgium. I make €2,000/month net in a factory job and...

Ford’s Second Model T Moment

When Henry Ford introduced the Model T in 1908, he started a manufacturing revolution. The moving assembly line cut production...

The Human Toll of Artificial Intelligence

I still have a vivid recollection of being a senior in college and realizing I had no idea what I...

AI’s Most Exciting Phase Is Just Getting Started

Welcome to Phase 3! As I mentioned in a recent Extreme Fortunes update, the AI era has been moving through three distinct...