We invest in companies, not stocks. That’s easier said than done, as there’s always a temptation to focus on what a stock price has been doing lately. The recent AI hype spurred by ChatGPT sent shares of C3 (AI) soaring. As shareholders, we’re not happy about that, because C3’s share price is now disassociated with […]
The last proper bear market to take place was in 2007 when the S&P 500 lost more than half its value over 1.3 years. It’s fair to say that anyone 35 years old or younger has never experienced what true pain feels like, and many of today’s analysts seem shocked that growth is slowing for […]
Paper losses are a constant reminder that you pulled the trigger too soon on a stock. Maybe it was fear of missing out (FOMO), maybe it was because you tried to time the market, or maybe it was because you exhausted all your capital dollar-cost-averaging into a position, and now your capital commitment rule doesn’t […]
“Set it and forget it” was a tagline made popular by Ron Popeil, a fast-talking infomercial salesman who peddled everything from the Flowbee Haircutting System to the Ronco Pocket Fisherman. That famous slogan also applies to those who hope to become successful investors. It was Fidelity who famously found out that those self-directed investors who […]
While much of our attention has been focused on the seemingly never-ending bull market – pandemic and economic reality be damned – it’s hard not to notice just how much money is being poured into the private market. Global funding to startups in the second quarter of this year was $156 billion. That’s just three […]
“Robots are stealing our jobs,” you’ll hear people say. This blanket statement fails to capture the nuances of robotics and artificial intelligence (AI). If you take a shower after work, you’re probably going to be just fine. The two industries with the least amount of digitization right now are construction and agriculture. Ironically, both industries […]
A reader recently dropped by to say that our content would get us on Howard Stern before it landed us a Ted talk. It’s compliments like that which keep us going and let us know our snark is set to an appropriate level. Sometimes saying things how they are is seen as being iconoclastic, and […]
The way venture capitalists (VCs) look at business ventures depends on which stage they’re coming in at. American television show Shark Tank gives us a glimpse of what VCs look for in the earliest stages of a business – signs of traction, which usually comes in the form of revenues. “We did $700,000 in sales […]
Invented by the Chinese more than 2,500 years ago, Go is thought to be the oldest board game ever played. There are vastly more possible Go games than there are subatomic particles in the known universe. In the beautiful documentary AlphaGo, we see the country of Korea captivated by an artificial intelligence (AI) program playing […]
IPOs are coming out of the woodwork in a heated market that defies the imagination. There has been an unprecedented loss in productivity around the globe, yet the markets continue soaring to new highs. In the words of Mr. Dickens, “it was the best of times, it was the worst of times.” It’s always a […]