Stay Up To Date
Critical Topics We Cover
Five years ago, a company called Yo raised $1.5 million at a $10 million valuation. What did investors and end-users get for this much money? An app that allowed users to send the message “Yo,” (and NOTHING else) to their friends. It didn’t take long for the company to blow
In 1956, BMW released a brand new line of roadsters, the 507. It was a slick convertible and became a hit with celebrities. In 1959, the very first Bond girl from Dr. No – Ursula Andress – took possession of this brand new BMW 507 roadster. It was re-designed 40
Happy Friday everyone. Here’s our weekly roll-up of some of the most bizarre (and often disturbing) stories from around the world that we’re following: Apparently it’s a crime to sit down in public A dangerous criminal in the United Kingdom has been sentenced to 20 weeks in prison after an
Last week the price of Bitcoin was double what it was on April 1 of this year. Then it crashed by almost 20% in matter of days. Then it surged again. And at the time of this writing, the price of bitcoin is just shy of $8,000. That’s a pretty
Last week when Uber finally went public, the stock set a record for the largest first-day dollar loss in IPO history: over $6 billion vanished from the company’s valuation in a matter of minutes. But that shouldn’t be surprising since Uber doesn’t actually make a profit. And the company acknowledged
Like many of our readers, I’ll never forget the Great Crash and the Global Financial Crisis from more than a decade ago. Some of you may be too young to remember. But it was pretty gruesome. One of the largest investment banks in the world collapsed in September 2008, nearly
Let the weekly absurdity begin! New SAT scoring will combat Asian privilege The infamous SAT has been used since 1926 as a sort of university entrance exam to objectively test high school students’ scholastic aptitude. Until now. Test administrators announced plans this week to include an ‘adversity score’ for every
The banking scandals are all starting to blur together. When I heard that five big banks were fined by regulators today, I had to think… Was that the scandal over employees creating fake accounts? No. Was it the scandal over recommending investments “highly likely to lose value”? No, not that
Earlier this month the World Gold Council published its quarterly report– and it shows that central banks and foreign governments from around the world are buying up gold at their fastest pace in six years. This is pretty big news, and it says a LOT about the future of the
At the Sun Valley investment conference in mid-1999, Warren Buffett made a rare prediction about the stock market. 1999 was THE top of the dot-com craze. And Buffett saw countless companies going public, attracting billions of dollars of investor capital, despite being UNPROFITABLE and having NO business plan to EVER
Each Friday we highlight a number of important, and often bizarre stories from around the world that my team and I are closely following: Chicago police run a vehicle impound racket Imagine dropping your car off at the local mechanic because you need to get your engine tuned up. A
According to a recent report from Bloomberg, more than 108,000 millionaires left their home countries last year in search of greener pastures. Most emigrated from countries like China and Russia… no surprise there. India also saw a large outflow of millionaires as tax authorities tightened their grip. And Turkey continues
Stay in the loop
