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How Bad Could This Get?
The S&P 500 is approaching bear market territory and it happened in a hurry: This drawdown profile doesn’t even look...
A Short History of Tariffs
Widespread tariffs are a bad idea. How do I know this? History shows they don’t work. Let’s look back. JP...
Google Just Shot Past China in the AI Race
Another week, another head spinning amount of AI news. On Tuesday, Microsoft introduced two new AI agents for Microsoft 365...
Presidential Partisan Portfolios – A Wealth of Common Sense
A reader asks: There has been a clear distinction in recent years in sentiment data where party/political leaning sentiment goes...
Is China’s BYD Coming for Tesla?
I would never drive a Cybertruck. Not because of Elon’s politics. Not because of the sticker price. Not because of...
The Middle Class, The Top 10% and the Bottom 50%
Here’s a crazy stat from Bloomberg: Half of American households account for 97.5% of the wealth in this country. This...
Could Robotaxis Save Elon’s Tesla?
Tesla (Nasdaq: TSLA) investors have been on a rollercoaster ride in recent months. Since the stock gained around 90% after...
The 20% Rule – A Wealth of Common Sense
I get a lot of emails from young people in the finance world asking for career advice. Career advice is...
The Wealth Effect – A Wealth of Common Sense
The Economist has a good piece about the growing importance of the stock market on household balance sheets. Here’s the...
The Death of Intelligence – Banyan Hill Publishing
Earlier this month, a video was posted of OpenAI‘s CPO, Kevin Weil, talking about how fast the cost of intelligence is dropping....
When Will Housing Prices Fall?
A reader asks: I own 76 single-family houses, the property management company running those and a small real estate brokerage....
Are AI Patent Offices DOGE’s Next Big Experiment?
Whether or not you agree with the way Elon Musk and the Department of Government Efficiency (DOGE) are handling things,...
