The SpaceX IPO caused a lot of excitement and consternation last week, and neither is expected to die down anytime soon. The excitement part is pretty easy to explain; it’s about money or perhaps opportunity. The consternation part is more complicated. While I try to keep my opinions about any company founder or CEO as professional as possible, I understand how Elon Musk drives a lot of people crazy. There are various reasons why, so I’ll let you recall your own…

We’re almost halfway through the year already so let’s take a few minutes to review how markets have been doing thus far. We’re not investing for only six months, and short-term performance isn’t that important in the grand scheme of things, but it’s still informative (and fun!) to keep track. The typical benchmark for the US stock market is the S&P 500. This index “weights” its holdings by the total value of the shares that are publicly available of each comp…

As I mentioned in my post last week, we have a new Chair of the Federal Reserve, Kevin Warsh. At age 55, he’s the youngest to serve as Fed Chair. Mr. Warsh graduated from Stanford and Harvard Law School and has been in government service for around 20 years and is married to the heiress of the Estee Lauder cosmetics fortune. While Mr. Warsh is highly regarded for his work in government and the private sector, his views on monetary policy and the Fed have naturally…

Good morning and happy Tuesday. I hope you and yours enjoyed Memorial Day. We had our traditional BBQ on Sunday this year as I planned to spend most of the holiday “working”. I use that term loosely because I ended up spending several hours going down the AI rabbit hole again. Like I’ve mentioned repeatedly, I’m not much of an AI user at this point but I do try to keep up with the technology, how it’s evolving and where we’re headed. Of the major players, I tend t…

This week’s post is shorter than normal due, at least in part, to our flights home Sunday night (I write these posts on Monday) taking longer than expected. We had flown out of state for a long weekend to watch a high school graduation that, in some ways, marked the end of an era as we and other close friends become empty nesters. My family and I have been lucky with on-time flights for a while, so I guess we were due. Anyway, a late night was followed by a busy M…

Good morning and Happy Tuesday. Last week I talked about my desire to slow my professional adoption of AI due to privacy concerns. This has to do with wanting the various privacy issues to solidify more before considering allowing these technologies to interact with your information. Call me paranoid, but I’ll watch the bandwagon roll by a little longer. This week’s post is also from a negative bent. But as I mentioned last week, I’m not anti-AI. I’m actually exci…