Millennial Financial Intelligence
That was Michael Burry’s one-word verdict on the AI boom. Responding to CNBC’s Jim Cramer defending Nvidia last weekend, Burry posted on X: “It is all Fugazi. How to make tens of billions worth of NVDA GPUs disappear from balance sheets in 8 to 12 byzantine steps.” Then he posted a diagram. The chart maps …
$650 billion. That is Bridgewater’s estimate for what Alphabet, Amazon, Meta, and Microsoft alone will spend on AI infrastructure in 2026. One year. Four companies. Up from $410 billion in 2025. Most headlines treat that number as proof that AI is real and the investment is justified. Ray Dalio, speaking at the Forbes Iconoclast Summit …
Two things happened in markets yesterday and they appear to contradict each other. The Dow Jones Industrial Average hit an all-time high. Broadcom fell 15%, its worst session in over a year, dragging the broader semiconductor index down 2.2%. AMD fell 4%. Intel fell 3%. The surface reading is that the market is healthy and …
In 1924, a Wall Street analyst named Edgar Lawrence Smith sat down to prove something obvious. Bonds were safer than stocks. Everyone knew it. The smart money knew it. The textbooks said it. His job was simply to run the numbers and confirm what the financial establishment already believed. He couldn’t do it. What Smith …
Read moreStocks beat bonds. A man proved it in 1924. The bond market is relearning it now
Right now, everything looks expensive. Stocks at record highs. Gold at record highs. Bitcoin off its peak but still historically elevated. The most rational-sounding response is: I’ll wait for a better entry point. It feels disciplined. It is almost certainly the wrong move. 7 of the 10 best trading days in the last 20 years …
Read moreWhy trying to time the market almost always makes things worse
The gold rally gets explained the same way every time. Inflation fears. Nervous investors. Geopolitical tension. All true — but all missing the bigger story. Governments have been buying gold at a pace not seen since the 1950s. More than 40 central banks added to their reserves in 2025. China has been buying consistently for …
In a normal market, gold and stocks move in opposite directions. Gold goes up when people are scared. Stocks go up when people are confident. They hedge each other. So when both hit record highs at the same time — alongside Bitcoin crossing $125,000 in late 2025 — the question stops being what to buy …
Read moreThe market is hitting record highs. Warren Buffett calls it a casino. Who’s right?
Most people are watching the Middle East conflict as a military story. But there is a second story running underneath it — one that will affect every household on the planet regardless of where they stand on the politics. Since US and Israeli strikes on Iran in early 2026, the Strait of Hormuz — through …
Read moreWhy war in the Middle East is a money problem, not just a geopolitical one
The stock market keeps hitting new highs. AI companies are valued in the trillions. Everyone seems to be winning. So why are the world’s top risk analysts quietly getting nervous? The ten largest companies in the S&P 500 now account for roughly a third of the entire index by market value — higher than the …
Read moreAsset bubble burst: the risk everyone sees but nobody wants to say out loud
Your bank balance looks the same. The news says inflation is easing. So why does everything keep feeling more expensive? The answer is something called the Cantillon Effect — named after 18th-century economist Richard Cantillon. When central banks create new money through quantitative easing, bailouts, or stimulus programs, that money doesn’t reach everyone at once. …
Read moreWhy your savings are quietly disappearing — and nobody is talking about it
Investopedia’s describes a ponzi scheme as a fraudulent investing scam promising high rates of return with little risk to investors. The ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors’ funds to pay the earlier backers. For …
It’s been often explained that when banks make a loan, they are basically creating money. Many people still think that money is created backed with some type of asset that has value, but the reality is that the current financial environment we live on is very different. In fact, there’s really no limit on how …
When looking at the classic adoption curve (by author Everett M. “Ev” Rogers) applied to the arrival of a new technology, it’s easy to identify successive groups of consumers adopting the new technology (shown in blue in the chart), its market share (yellow in the chart), and saturation level that will eventually be reached. So …
Read moreHow quickly will bitcoin move in the market adoption curve?
Jeff Bezos‘ strategy of continuous evolution has allowed Amazon to experiment in adjacent areas that then became franchises. A website that once sold only books but now lets anyone run its own online store. A warehouse and logistics infrastructure that Amazon built to sort, pack, and ship those initial books that is now turned into …
Read moreAmazon leveraging blockchain as enabler for new forms of income
An interesting video explaining November 2018 bitcoin’s price crash with opinions from Anthony Pompliano (founder of Morgan Creek Digital Assets), Alex Tapscott (co-founder at Blockchain Research Institute) and Tone Vays (Blockchain & Bitcoin analyst).