Get smarter about valuing businesses in just a few minutes each week.

Get the weekly email that makes understanding intrinsic value
easy and enjoyable, for free.

The Great Inversion

January 19, 2024 | Tom Cruise may have been inverted in Top Gun, but the Treasury yield curve probably won’t be for much longer.a

Force Multiplier

January 18, 2024 | A program meant to accelerate the transition from fossil fuels is helping put cash in renewable energy companies’ pockets by selling tax breaks to corporate giants like JPMorgan.

January 17, 2024 | In Bank of America’s surveys of investment fund managers since 2017, U.S. tech stocks (aka “Magnificent Seven”, big tech, Nasdaq, FAANG, etc.) have frequently been reported as the “most crowded trade” in markets.

Space Farming

January 16, 2024 | Our Chart of the Day (in the section above) shows that Chinese growth remains a top concern for the global economy.

MLK’s Call for Economic Justice

January 14, 2024 | Martin Luther King Jr. isn’t often remembered for his critically important, passionate message to redistribute wealth. But the Civil Rights leader urged political leaders and the community to end economic disparities, mitigate poverty, and improve education. He knew that to improve equality and foster peace, the economic and wealth systems had to improve, too — both for Black and white Americans.

Could’ve Been A Trillionaire

January 13, 2024 | 24 years ago today, Bill Gates stepped down as Microsoft’s CEO after co-founding the company in 1975.

Stablecoin IPO

January 12, 2024 | Talk of bitcoin ETFs is all the rage, but bitcoin isn’t the only digital asset going mainstream. Circle Internet Financial (aka “Circle”), operator of the popular USDC stablecoin, filed paperwork this week for an initial public offering (IPO) — its second attempt in roughly a year.