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The Best Way to Sell a Concentrated Position. On SpaceX, individual stocks, and knowing when to walk away.

News

Blog 2 months ago
The Best Way to Sell a Concentrated Position
Imagine being the typical SpaceX employee over the last few months. Your shares IPO at $135 and within a few days they peak at $225/share (up 67%) before they begin to decline. As of this morning they sit at around $139, or about 3% above the IPO price. G
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Blog 2 months ago
Why $100 in Your 20s is Worth $500 in Your 60s
What if I told you that $100 at 25 is worth $500 at 65, even after we adjust for inflation? Well...it is. There's an unspoken belief in personal finance that a dollar is always worth a dollar (putting inflation aside). We assume that spending $100 today w
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Blog 3 months ago
The Problem with Optionality
I've seen a lot of discussions this year around maximizing freedom and optionality. For example, consider this tweet: If you ever get up $1M in cash Buy a new modern apartment in the UAE for like $550k (you have zero property tax). Once you own it, it's a
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Blog 3 months ago
Money Talks: The Price of Status
A year ago, I published my second book The Wealth Ladder. It's sold over 100,000 copies worldwide and hit the New York Times bestseller list in its third week of publication. At the time, I was thrilled that my work was finally getting some mainstream med
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Blog 3 months ago
Are Stocks Going Up or Is the Dollar Going Down?
As stocks have hit new all-time highs in recent months, I've seen an increasing number of people argue that stocks aren't becoming more valuable, the dollar is becoming less valuable. Investor Lee Roach articulated this "debasement theory" in a recent Twi
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News Of Dollars And Data 5 months ago
Why Taxing the Wealthy is Harder Than it Looks
Why the best tax on the wealthy is one they barely notice.
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News Of Dollars And Data 6 months ago
Survival is the Only Success
Why staying in the game matters more than winning it.
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News Of Dollars And Data 6 months ago
The Upper Middle Class Trap
On the high price of admission to the upper middle class and why it's making everyone worse off.
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News Of Dollars And Data 7 months ago
Why Private School Isn't Worth the Cost
On the high price of a marginal education.
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News Of Dollars And Data 11 months ago
Is This How the AI Bubble Pops?
On the obscure financial structure that could trigger the next crisis.
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