Stephen's note: Artificial intelligence (AI) chipmaker Cerebras Systems (CBRS) just IPO'd, and the questions are pouring in. Is this the... Read More
I’ve had a revelation,I don’t think it is a hallucination.It has to do with digitalization.I now have a fascination,With... Read More
AI and duration risk Read More
More fearmongering. See what you think. Read More
Kevin Warsh is becoming Federal Reserve chair at a pivotal moment for the U.S. economy — forcing him to be something other than the... Read More
Monetarism recalls the Five Year Plans of the old Soviet Union. Read More
The United States is seeing an increasing concentration of wealth at the very top and a worsening national debt. For many Americans, taxing... Read More
If City Hall continues to obsess with redistribution and cheap class-warfare posturing, the city won’t “survive and grow”: It will... Read More
Memorial Day is a federal holiday to honor the men and women who have lost their lives in the line of military duty defending the interests... Read More
Every small business in America is watching Congress to see if lawmakers will deliver another round of relief they urgently need. While Main... Read More
Why the search giant wants us to google less Read More
Pharmaceutical giant Eli Lilly announced this week that the highest dose of its new weight-loss drug helped people shed more than 30 percent... Read More
Taking a rain check Read More
America is celebrating its 250th anniversary, but President Trump has forgotten the Constitution. The Bank Secrecy Act is one of... Read More
Comparison is the thief of joy. Read More
Jensen Huang just took the throne from Apple, at least in the US... Read More
Google is trying to pull off one of the trickiest balancing acts in tech: aggressively disrupting its own products with AI while protecting... Read More
The Trump administration’s government ownership spree has officially gone quantum. Read More
If your business leaders are smart enough, massive government stupidity could be quite livable. Read More
The outlook for the quarterly dividends of the S&P 500 has substantially improved in the month since our previous snapshot? Read More
The 10‑year real US Treasury yield is hovering near a 20‑year high, with the 5‑year not far behind. Read More
Index funds are widely considered passive, but if we look closer, we will find a surprising twist. Read More
The growth category, specifically technology and AI stocks, is no longer providing an excess margin of safety. Read More
New business formation in the US is on the rise. Read More

For most of American history, the retirement plan was simple: work hard, save carefully, and live off the income those savings generated. It wasn't flashy, but it worked. A CD, a bond, a savings account — nothing complicated. Just steady, predictable money that let you sleep at night. You didn't need to take big risks. You didn't need a financial advisor running complicated strategies. You j... Read More
I’ve had a revelation,I don’t think it is a hallucination.It has to do with digitalization.I now have a fascination,With tokenization. Dear Reader, I’ve been in Palm Beach for the past five months. When the notorious (and very colorful) bank robber Willie Sutton was asked why he robbed banks, he replied, “Because that’s where the money is.” There’s a lot o... Read More