Ben says yes, investors are getting smarter. His evidence is the fact that a market sell-off of 35% brought in millions of new investors, arriving as they did, all at once, as though prompted by a divine thunderclap from the skies. It’s really quite remarkable that the reaction to a bear market was a speculative…

“We looked at sentiment changes in the months leading up to presidential elections since 1988”

I almost slipped and bought into the SPAC Renaissance. Almost. Draftkings looks legit. But Draftkings could have been a true IPO. The SPAC wrapper was beside the point. Chamath and Ackman will probably do something legit, those guys usually find a way to win. Maybe a few others. The rest are / will be garbage….

It’s not enough to be smart. Everyone’s smart.

I want to take this opportunity to relay one of the most important truths I’ve ever learned about the stock market.

Morgan Housel is one of the finest investment writers of our generation.

You look at the S&P 500 right now, down 5% from its recent record high, and you’re tempted to think

Chart o’ the Day

I don’t understand it.

The economy is going to roar if this happens.