Insights

Two Hands Holding Same Dollar Bill

Circular financing in AI looks a lot like 1929

The largest companies in artificial intelligence are financing each other in an increasingly closed loop. Nvidia invests in OpenAI. OpenAI buys Nvidia chips. Nvidia invests in CoreWeave. CoreWeave buys Nvidia chips and provides cloud services

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Small Rooftop Solar System

Rooftop solar is a fixed-income alternative yielding ~10%

Fixed-income investors face a challenging environment. Traditional bonds struggle to keep pace with inflation. Meanwhile, residential solar panels can quietly deliver double-digit returns for homeowners who view them through an investment lens. A solar installation

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Unbalanced Scales

How to reduce portfolio concentration risk

Portfolio concentration risk develops quietly. A single stock performs exceptionally well, your employer grants you stock options year after year, or you inherit shares from

FIRE Planning Papers

Five risks DIY FIRE planning can overlook

The FIRE math is straightforward: save aggressively, invest consistently, and build a portfolio large enough to sustain your lifestyle indefinitely. But between your first spreadsheet

Domino Effect

Dangers of Index Funds

Index funds have become the default investment choice for millions of Americans. Their low fees and simplicity appeal to investors at every level. Financial media

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