View the video of this post here. This week’s post is sponsored by YCharts. During uncertain markets, clients start questioning the benefits of staying invested. With YCharts, you can easily convey to clients why long-term investing is the best...

Private assets How to torture IRRs to get the result you want. (thealtview.substack.com) A round-up of recent economic research including ‘Buyout Performance with Assets Valued at Market.’ (alphainacademia.com) Increasingly, asset managers act...

‘The Devil is in the Details.’ The old proverb, and today it truly fits a number of things going on in AI land: three events where the story lives in the fine print, plus a sneak peek at Apple’s AirPods with ‘cameras’ that are likely not really...

Yesterday we walked through Anthropic’s weekend of hard numbers on the road to a fall mega-AI IPO. Its annualized revenue is topping $65 billion before its highly anticipated mega-AI IPO later this year. Today, the other side of the parade in this AI...

‘Hidden Figures.’ One of my favorite movies, based on a great book: the story of the human, female, african-american ‘computers’ at NASA that made Apollo & more possible. The human mathematicians history almost left out, whose numbers actually got...

Finance Jane Street had a rough July, performance-wise. (ft.com) How private fund placement agents get paid. (cashandcarried.substack.com) It’s hard to argue the Truth Social API is legal or ethical. (newyorker.com) Muni bonds Why Texas pays more...

The biz Altruist is laying the ground work for long-short strategies. (riabiz.com) Wealth managers are falling over themselves to sign Anthropic and OpenAI employees. (ft.com) CAIS raised just $170 million at a reported $2 billion valuation....

Young Money – the new book by my friend Jack Raines – is subtitled A Field Guide to Wealth and Purpose in Your Twenties.  Ostensibly it’s a manual of sorts for how to manage life and career during the first decade after finishing college. In fact, I found...

The mega-AI IPO parade this AI Tech Wave is accelerating its pace. Elon’s SpaceX/xAI went first in June. Anthropic is next, still pointed at this fall. And OpenAI now likely follows as late as next year. Over the weekend, the Anthropic leg of the parade...

Markets After a rough couple of years, the health care sector has broken out. (trendlabs.com) European stocks are sitting at all-time highs as well. (cnbc.com) The degenerate economy is only getting more degenerate. (howardlindzon.com) Fund...