A Wealth of Common Sense. Investor, author, and host of Animal Spirits podcast, focuses on simplifying finance for everyone; has backed over 200 companies.
Max Planck was born in Germany in the 1850s.
At a relatively young age, Planck became interested in thermodynamics and radiation, earning his doctorate at 21. His work was essential to the field of physics and what came to be known as quantum theory. Planck’s constant became the foundation for quantum mechanics.
This work earned Planck the Nobel Prize in Physics in 1918.
Charlie Munger spoke about Planck in a 2003 s...
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On today’s show, we discuss:
Fueling the AI buildout by modernizing and expanding the power grid
The bottlenecks in the supply chain governing the speed of AI growth
The global need to scale out infrastructure and who’s driving these projects
Are data centers inc...
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.
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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...
