The Times They Are a-Changin’

The Times They Are a-Changin’ It was another topsy turvy week for tech stocks. More circular financing deals (I invest in your company so you can buy my products) spooked the market once again. Worries about the development of AI are becoming the norm, not the exception and that is evident in the chart below. […]
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Are the Bond Vigilantes Dead?

Are the Bond Vigilantes Dead? With all due respect to the Oracle (ORCL) mess this week, for us, the important news was in the bond market. The Fed rate cut announced Wednesday was a foregone conclusion by the time the week began. But somewhat contrary to logic, long-term bond rates were creeping higher. Were the […]
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Getting Rich Slowly: The Power of Compounding!

Getting Rich Slowly: The Power of Compounding! Nothing could better demonstrate the power of compounding investment returns than the recent announcement by Michael and Susan Dell, donating more than $6 billion to fund $250 each for 25 million children in the US who are not beneficiaries of the $1,000 contribution to the “Trump accounts” included […]
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Is Housing About to Become More Affordable?

Is Housing About to Become More Affordable? One of the things we discuss with regularity is the housing market. The rise in real estate prices appears inexorable, but at some point, the basic laws of economics – supply and demand – eventually hold sway. Home prices rising at a much faster rate than incomes reduces […]
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The AI Honeymoon is Over…Welcome to the AI Marriage

The AI Honeymoon is Over… Welcome to the AI Marriage It was a roller coaster week and the first market indication that the hard part of AI is beginning now. We stole our title from Open Field Capital’s most recent memo on AI, signaling that the easy money has been made, and the hard work must […]
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