Good morning. Happy Friday Jr! This afternoon I’m heading to Aspen to meet with our local Sister Cities chapter. I’ve been eyeing this organization for a while. It connects Aspen to towns around the world, offering several exchange programs –...

As mentioned last week, Google’s AI bench is being re-constituted fast post recent top-level changes. Last week it was three senior changes on the same day: DeepMind Founder/CEO Demis Hassabis stepping up to chairman and chief scientist. Google...

Today’s theme is ‘Going with the Flow’, and I mean it as a compliment. This AI Tech Wave is moving faster than almost any tech wave I have had the opportunity to study since the PC era of the late seventies. The best operators are not fighting the...

ETFs Goldman Sachs ($GS) is buying ETF provider Neos. (citywire.com) Leveraged ETFs are increasingly driving market moves. (wealthmanagement.com) Prediction markets The CFTC is backing up Kalshi in its fight with New York state. (gizmodo.com) Polymarket...

Podcasts Christine Benz talks retirement spending with Stefan Sharkansky author of “The Only Other Spending Rule Article You Will Ever Need,” (morningstar.com) Sari Botton talks with Maura McInerney-Rowley, founder of the ‘Hello,...

The mega-AI IPO parade has long had a marching order this AI Tech Wave. Elon’s SpaceX/xAI went first earlier this year, blew past two trillion dollars in early trading, and then reminded everyone what the trip from private to public feels like when the...

Come join us Oct 5-7 in NYC at Stocktoberfest At Social Leverage we have been making financial service and wealthtech seed investments now for 20 years. Occasionally we see an investment opportunity outside our seed scope and we will set up an SPV and...

Today’s theme is ‘Gaming the System’ for AI, and I mean it in both senses. The skeptics use the term as an accusation: circular financing, manufactured demand, risk quietly moved onto other people’s books. All real financial engineering concerns, seen...

Markets Real yields keep rising. (mrzepczynski.blogspot.com) A majority of stocks are outperforming YTD. (trendlabs.com) Like it or not, the mega IPOs reflect the market’s view. (advisorperspectives.com) Crypto World Liberty Financial took $100...

Happy Tuesday –  We live in the most exciting time!  The FAA expects US air travel to double in the next twenty years. One billion to two.  Today’s system cannot support that.  Not the towers. Not the runways. Not the airframes.  The industry needs...