1️⃣ Market Capitalization — the absolute price that mattersMany investors incorrectly believe that a stock price tells you how expensive a company is.When a company “goes public,” the owners are basic...

When it comes to investing, it's not that hard to make money most of the time.But the nondescript phrase — make money — is nuanced to the extreme detriment of people who think it's without risk or rel...

There are now robots roaming the streets of Austin, and cities around the world, delivering food.Why do they deliver food? Because they don't make food. They made a deal with the chefs, who want to fo...

GUIDING PRINCIPLESCurrent volatility is frequently representative of imminent volatility. The word volatility is often (incorrectly) used interchangeably to describe market downturns. But it's just a ...

Analysts and market strategists love to predict what markets will do in the year ahead. Don’t let this misguided ritual blind you to what assets are really worth.

Analysts and market strategists love to predict what markets will do in the year ahead. Don’t let this misguided ritual blind you to what assets are really worth.

Welcome to Wall Street.The following is repurposed from Peltoma's 2025 Market Forecast Letter, 1/2/2024.Capital Market Expectations (CME) are the building blocks for quality investment decision-making.At investing’s most basic level, there are (1) the risk-free assets that come with 100% predictability of future outcomes, and (2) the riskiest assets that come with 0% predictability of future outcomes. All investments lie on a predictability spectrum, with most somewhere in between these two poin

What caught my eye this week. Welcome back and Happy New Year! I hope you got just what you wanted for Christmas, and that you continue to get what you want for the rest of the year. Well, just so lon...