Investing & Markets
Gambling vs Investing
The advent of so-called prediction markets is one of more ridiculous outcomes we’ve seen from the financial services industry in recent years, and that’s saying something. You have likely heard of these markets lately where individuals can place bets on all sorts of predictions, even random stuff…
Charts that Rhyme
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…
More AI-related Commentary...
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…
We Have a New Fed Chair
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…
A Quick Review
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…
Rewriting the Rules
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…
Tough Jobs
The last handful of days has seen a new Fed Chair, the death of a former Chair, and the demise of yet another UK Prime Minister. That’s a few out of many recent headlines that also include the on-again-off-again peace process with Iran, but let’s review the first three this morning.
At the Fed,…
Survey Review
Context is key… see the forest for the trees… don’t sweat the small stuff… whether maxim or idiom, being able to see the big picture is critical to just about everything we do. And this is especially true with investing. Our daily feeds are full of “news” and various tidbits of information…