Sunday, June 14, 2026
I’ve mentioned Hetty Green countless times over the years. Most contemporary investors know her as the richest woman in America, or as an early practitioner of value investing. Many investors also remember Green for what she bought. The more interesting story is how she positioned herself before she bought it. Green spent much of her […]
When this article is published, SpaceX’s much-anticipated IPO (the stock symbol will be SPCX after launch) should be a couple of days away. As I wrote this about a week ahead of publishing, the IPO is expected on June 12, and the IPO share price will be set on June 11. I have been asked […]
I spend a great deal of time reading old market research and historical trading material. Markets change, technology changes, and entire industries evolve, but human behavior tends to repeat itself. That is one reason I enjoy studying traders from earlier generations. One figure that continues to surface in trading history is W.D. Gann. Gann was […]
In the Army, I learned there are three ways to do anything: the right way, the wrong way, and the Army way. We did things the Army way. The Army way is built around procedure. There are checklists, field manuals, and regulations that define exactly how a task should be handled. The purpose is consistency, […]
Michael Burry is back in the headlines. Any time he makes a move, the financial world reacts as if the universe just twitched. For those who don’t recognize the name, Burry is the hedge fund manager who rose to fame after being the first investor to accurately predict the 2008 subprime mortgage crisis. The story […]
I ran across an interesting article, and I think a lot of people will walk away from it with the wrong takeaway. The piece focuses on new AI tools being rolled out by Anthropic. These systems can draft pitch decks, review financial statements, and integrate directly with platforms like Excel and Outlook. They are being […]
Much of market theory assumes that price movement is difficult to predict because information is reflected in prices quickly. If that were fully accurate, persistent and measurable patterns would be less likely to endure. They do. Trends develop and can extend beyond what randomness alone would suggest. Leadership becomes concentrated and can remain in place […]
We’ve all heard the old saying, “experience is the best teacher.” It sticks with me, even if I didn’t always appreciate it. Like most people, I wanted to skip ahead. I wanted the results, without the repetition. But experience doesn’t work that way. These days, we live in a world where information is everywhere. You […]
The weather is finally turning, which means more time outside and fewer walls between my kids and any bad decisions they might make, like kicking a soccer ball into the dining room chandelier. Over the weekend, I took them to a new park with an obstacle course. It did not take long to spot the […]
If you have followed my work for any length of time, you have become familiar with Hetty Green. When I first began writing about her, she was largely absent from mainstream investment conversations. That has started to change. Her name appears more frequently, but the explanation for her success remains incomplete. My work is grounded […]
