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    STOCKS

    The Anatomy of a Stock Market Crash

    The crash of 2020 seems interminable, but we believe the decline has ended abruptly around last week’s lows.


    STOCKS

    When Fools Rush In

    “The main purpose of the stock market is to make fools of as many men as possible.”


    STOCKS

    Young Bulls, Old Bears

    "The best players in this kind of market have not passed their twenty-ninth birthdays. This is a Kids’ market."


    STOCKS

    The Greed Itch: Day Traders, Rolling Funds, and SPACs

    The boom in day trading, the birth of rolling funds, and the rise of blank check companies all point to one thing: the greed tide is beginning.


    STOCKS

    The Greed Itch: Beeplemania

    We are only at the beginning of the process of price discovery and unlocking value in wholly new asset categories. An orgiastic future awaits us.


    STOCKS

    The Great Buying Panic

    A bull market lasts years. A buying panic ends sooner. Just as quickly as the symptoms set in, we can feel the sensations gradually subsiding.


    HISTORY

    When Dreams Come True

    Once again, we are pushing the boundaries of mesospheric ego and logic. The billionaire space race is more important than you think.


    HISTORY

    From the Go-Go Years to YOLO

    What can the sixties tell us about how we should be thinking now?

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