The Eddie Murphy doc on Netflix is excellent I don’t think it’s controversial to say he might be the funniest comedian ever He’s still got it too

The current drawdown in Bitcoin is now bigger than the Liberation Day plunge in April Early Black Friday Sale

A guy put 50% of his portfolio into MSTR in the $300s (it's now ~$175) He used margin to make the purchase The money was to be used to buy a home Can you save an investor like this? awealthofcommonsense.com/2025/11/goin...

The 401k max contribution limit is up ~30% in the 2020s Investors always talk about what stocks to buy, biggest risks, economic data, etc That stuff is far less important than simply maxing out your 401k every year Saving more money is your best hedge awealthofcommonsense.com/2025/11/max-...

The drawdown profile for Meta and Bitcoin looks eerily similar Maybe Mark Zuckerberg is Satoshi

Pretty decent washout for the speculative stuff: OPEN -34% OKLO -42% RGTI -54% IONQ -39% MSTR -57% COIN -38% QUBT -52%

Animal Spirits: Is the AI Trade Over? Where's the euphoria? Is this a healthy correction? Michael Burry's crash calls Do we need a long bear market? Will we see 0% rates in the next recession? A bitcoin mini-crash & more awealthofcommonsense.com/2025/11/anim...

How bad would an AI crash be? If the AI bubble popped would it be a wonderful buying opportunity? What if all the spending turns into ROI sooner than expected? Will AI capex help small caps? Some thoughts & visuals on everyone's favorite topic: awealthofcommonsense.com/2025/11/ai-i...

The narratives: It's a K-shaped economy Young ppl are screwed Only the rich are thriving I get it but think we're taking this too far What if things are better than they seem on social media? Some facts, figures and thoughts on this: awealthofcommonsense.com/2025/11/what...

3 options to fix a broken housing market: 1. 50 year mortgages (not that helpful) 2. One time 3% mortgage for anyone who missed out (not bad) 3. Build more housing (we're deregulating everything else but not this for some reason) awealthofcommonsense.com/2025/11/the-...

Death by Lightning is the first good show on Netflix in a very long time Really well done

We’re living thru an AI revolution and Siri still stinks at basic voice commands Make it make sense

3 reasons we can't have another 1929: 1. There are more rules in place (no SEC, FDIC back then) 2. The stock market is way more important (1-2% of households owned stocks in 1929) 3. Policymakers have learned from past crises awealthofcommonsense.com/2025/11/why-...

Animal Spirits: Is a 50 Year Mortgage a Good Idea? The benefits of bubbles The K-shaped economy narrative is going too far Why are restaurant stocks getting killed? How to fix the housing market Robinhood, degens, Las Vegas & more awealthofcommonsense.com/2025/11/anim...

In the Roaring 20s Benjamin Graham turned $400k into $2.5 million After the crash from 1929-1932 the $2.5 million turned into just $375k In his memoir Graham wrote about how hubris was the cause of his losses Some thoughts on bull market brain: awealthofcommonsense.com/2025/11/ben-...

Everyone thinks young ppl are screwed AI is taking entry level jobs Housing is too expensive Social media is rotting brains I don't buy it. Young ppl are more educated & tech savvy than ever They'll figure it out awealthofcommonsense.com/2025/11/are-...

Pluribus might be one of the best pilot TV episodes of the past 20 years Insanely intriguing

Build more homes? Nah let’s use 50 year mortgages Buy cheaper sedans instead of expensive trucks? Nah let’s do 84 month auto loans Make food at home? Nah let’s pay for a private taxi for a burrito from DoorDash

Reader questions: Should young ppl care about bubbles? Is now the time to increase your tech exposure? I have thoughts: awealthofcommonsense.com/2025/11/is-n...

I don’t think ppl are ready for how AI is gonna make wealth inequality worse If I was running PR for the Mag 7 companies I’d have them all throw in for a human fund for ppl who see their jobs displaced by AI

Because inflation got to 9% in 2022 every politician for the next decade is going to campaign on lower prices and making things more affordable My guess is none of them are going to deliver Likely the only thing that will do it is a recession

In the 1950s the S&P 500 was up ~500% or almost 20% per year It's the only mega bull market to end w/a whimper not a bang There was no crash in the aftermath The 1960s saw 8% annual returns Not all good things end badly awealthofcommonsense.com/2025/11/the-...

Animal Spirits: Never Go All In on Stocks A historic melt-up in tech The case against an AI bubble Sequence of return risk Young ppl need to suck it up AI chart crimes, Michael Saylor & more awealthofcommonsense.com/2025/11/anim...

This is how you macro

How does the tech bull market stack up to history's past melt-ups? The Dow in the Roaring 20s: +489% Japn in the 1980s: +510% The Nasdaq in the 1990s +795% The Nasdaq 100 over the past 10 years: +512% awealthofcommonsense.com/2025/11/the-...

Will trend following save you if the AI bubble pops? A closer look at the pros and cons of a trend following strategy: awealthofcommonsense.com/2025/10/tren...

The 1990s: This is a good movie so we'll keep it 1 hr and 37 mins The 2020s: This could've been a good movie but we decided to make it 2 hours and 15 mins

For a movie that was trying to be good A House of Dynamite is up there for worst movie endings of all time Just awful There should be a warning on Netflix

At the lows in April Nvidia's market cap was $2.3 trillion Today it's >$5.1 trillion Unreal

Animal Spirits: Never Pay Off Your Mortgage Can we have a capex bubble w/o a stock market bubble? How many stocks outperform? We need lower housing prices Do retail investors even want private investments? Americans love eating out & more awealthofcommonsense.com/2025/10/anim...

These were YTD returns as of 4/8/25: S&P 500 -15.0% Nasdaq 100 -18.5% R2000 -20.7% EAFE -3.5% EM -7.8% Now the 2025 YTD returns thru Monday: S&P 500 +17.9% Nasdaq 100 +23.3% R2000 +14.2% EAFE +28.8% EM +34.5% Staying the course worked (again): awealthofcommonsense.com/2025/10/stay...

We haven't had a real recession in 196 months Some questions for the next one: Will the wealth effect make things worse? Will young ppl stay invested? What will happen to illiquid private investments? Will households ramp up their borrowing? awealthofcommonsense.com/2025/10/what...

How many individual stocks outperform the stock market in a given year? (more than you think) awealthofcommonsense.com/2025/10/how-...

I’m flying to NYC for a couple of days The pilot just informed us that everyone who enters the city limits is now required to take a picture of the new JP Morgan building and share it on social media Bonus points if you include a bunch of finance bros in navy vests

Realizing the seat next to you is empty on an airplane is easily one of life’s biggest little joys

3 things: 1. New vehicles are really expensive now 2. People under 40 are all in on the stock market 3. Wealth inequality is turning into health inequality awealthofcommonsense.com/2025/10/3-ch...

Animal Spirits: The Zero Dollar Club Everyone thinks AI is a bubble What would Jesse Livermore think of this market? The pros & cons of owning gold Shorting stocks is hard Will Bitcoin hit $200k by 2027? Leveraged ETFs are out of control & more awealthofcommonsense.com/2025/10/anim...

There is a reason rich ppl spent a lot of time trying to convince low income workers the economy was terrible in 2021, 2022 and 2023

Gold is up ~60% this year It's beating the stock market since 2000 (and in the 2020s) It's one of the more unique financial assets out there But I don't own any gold Here are some of my reasons: awealthofcommonsense.com/2025/10/why-...

18% of American households are now millionaires (if you include home equity) For many that wealth is mostly tied up in their home and retirement accts Some thoughts on the pros and cons of being house/retirement acct rich: awealthofcommonsense.com/2025/10/hous...

You can’t ask for better bomber jacket weather than this We have like a month long window in the Midwest to wear coats like this Now is the time

Annual gold returns since: 1970 +8.6% 1980 +3.8% 1990 +6.3% 2000 +10.1% 2010 +7.2% 2020 +15.6% Gold really is like no other asset out there (like it or not)

The 2020s boom times: The rich are getting richer But low income Americans now own more stocks than ever before Housing is more expensive But that has made more young ppl invest in the stock market Two positive trends in household wealth: awealthofcommonsense.com/2025/10/two-...

Animal Spirits: Did the Market Just Top? Can anyone call the AI top? Good news for low income Americans Why high housing costs are good for the stock market The cash on the sidelines fallacy The crypto liquidation Don't be house rich & more awealthofcommonsense.com/2025/10/anim...

Middle aged guy think piece: There is no such thing as monoculture anymore Every kid across America right now: Six sevennnn!

Since 1990 the S&P 500 has averaged 31 down days a year w/losses of 1% or worse It happens Stocks go down too awealthofcommonsense.com/2025/10/stoc...

Some questions: Are we in for a melt-up? How do you make forecasts in a bubble? What's the worst-case AI scenario? Would an AI bust lead to a recession? Will anyone call the eventual top? awealthofcommonsense.com/2025/10/some...

Are we in a new normal of stock market concentration? awealthofcommonsense.com/2025/10/the-...

FYI I still hate tariffs You’re truly, The stock market

Americans have never been wealthier than they are today So why don't more ppl feel rich? -Inflation -Inflated expectations -Wealth inequality awealthofcommonsense.com/2025/10/why-...