A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
Bloomberg estimates retail demand for the SpaceX IPO was in the neighborhood of $70 billion.
That’s roughly 30% of the $250 billion total, higher than the typical 5-10% reserved for retail investors.
Retail investors are no longer the mom-and-pops of the past, openly mocked by the pros.
The growth of retail trading this decade is a massive sea change in the financial markets. No one could have possibly predicted tha...
Further Reading:
Half a Million Dollars
1The average decline for the S&P 500 in those years was a loss of just 5%.
The post $150,000 or $1.5 Million or $5 Million appeared first on A Wealth of Common Sense.
...
@media only screen and (max-width: 480px) {.mob-stack { display: block !important; width: 100% !important; padding-left: 0 !important; padding-right: 0 !important; }.mob-img { padding-bottom: 18px !important; }.mob-stack img { width: 100% !important; max-width: 100% !important; height: auto !important; }}
Sponsored
Fixed Income Through a
Global Lens
Built on disciplined research and deep sector experti...
Through the close of markets on Monday, the S&P 500 ETF (SPY) was up 9.8% on the year.
That’s a great return six months into the year.
Surprisingly, it’s not the concentration at the top that’s carrying the returns anymore:
The S&P 493 is outperforming the S&P 500 and the Mag 7 by a wide margin. Ironically, the hyperscalers spending so much money on AI could be benefitting the rest of the ma...
Today’s Talk Your Book is brought to you by Alger:
To learn more about Alger click here: www.alger.com/cneq
On today’s show, we discuss:
Why Dr. Ankur Crawford thinks the AI bubble talk is overblown
How supply chain consolidation gives the AI build-out unusual staying power
Why the earnings estimate matters more than the multiple in AI valuations
The case for power and industrials as overlooked AI infra...
Apparently June is the month to call a bubble if you’re a seasoned fund manager or prognosticator.
Meb had Jim Grant on his podcast last week calling AI one of the greatest bubbles of all-time:
Jim Chanos says the AI capex is bigger than the dot-com bubble:
Jeremy Grantham loves calling for another bubble:
So does Ray Dalio:
I received a question this week about Dalio’s latest market musings:
OK, Ray Dalio...
