Wednesday, March 4, 2026
A decade ago, if you wanted to invest in world-changing private companies, you had one option: Wait. Specifically, you had to wait for a private company to go public in an IPO.
Thursday, February 26, 2026
Well folks, it’s a “good news, bad news” situation. The bad news?
Wednesday, February 25, 2026
Tomorrow, something interesting (and potentially dangerous) is expected to hit the market: Robinhood’s new venture fund is slated to start trading. If history is any guide, the hype will be intense.
Wednesday, January 7, 2026
Not so long ago, the dodo was a punchline. The flightless Mauritian bird vanished in the 17th century.
Wednesday, December 3, 2025
A few weeks before Thanksgiving, my 6-year-old came home with a Labubu. Not a boo-boo, which he often comes home with after a rough soccer match.
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, 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 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, 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.