In 1965, a college kid named Fred turned in a paper for his economics class. His idea was simple: as the American economy modernized, it would need a dedicated air-based delivery network capable of moving packages overnight.
Not so long ago, the best way to build wealth in America was simple. As classic investment books like Stocks for the Long Run explained, we should buy shares of great public companies and hold onto them for the long run.
Bloomberg just revealed a striking new trend: Over the last decade, America’s largest pension funds have more than doubled their exposure to private equity. These are some of the most sophisticated investors in the world.
A few weeks ago, I was chatting with a new reader of Crowdability. He’d built his portfolio the “traditional” way — some index funds, some bonds, a little real estate.
The spotlight this week is on hot IPOs. According to MarketWatch, it’s one of the busiest IPO weeks in years For example, Klarna, the Swedish “Buy Now, Pay Later” (BNPL) giant, is launching a U.S.