23,000 jobs gone. Stocks hit a record
Why a shrinking job market and a record-high stock market are the same story - plus the EUR 100 trick that beats every hot tip.
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Ten stocks, 37% of your index
Europe just built a single price feed for your ETFs, Mexico quietly out-exported its own car industry, and a head-start calculation worth EUR 421,000. This week's letter.
A diamond is forever. De Beers wasn't
De Beers spent 130 years convincing the world a diamond never loses its value. In July 2026, the company itself sold for less than the price of a new mine shaft.
The 0.05% that pays you EUR 8,130
A fee cut you did nothing to earn, a record quarter that burned through a billion, and a chart that makes the phrase \"euro-area debt\" fall apart.
Netflix grew 13%. Viewing grew 2%
The gap between those two numbers is the entire business model. Plus: what 3.5% inflation quietly charges a $10,000 balance, and why "the European housing market" describes almost nobody.
The IPO trap: why 'Getting in on the ground floor' usually means getting trampled
On May 18, 2012, Facebook went public in the most anticipated IPO in a decade. Retail investors - regular people with brokerage accounts - snapped up 26% of the shares offered. What those regular people didn't know was that Facebook had quietly told its largest institutional investors that second-quarter
I wrote the personal finance book I needed at 22
My parents never bought a stock. School taught me the Pythagorean theorem and nothing about money. So I read hundreds of finance books - and ended up writing the one I wish someone had handed me at 22.
Barbarians at the gate: how to buy a $25 Billion company with almost none of your own money
In October 2022, Elon Musk bought Twitter for $44 billion. You probably remember the headlines. What you might not remember is the fine print: Musk borrowed $13 billion of that money. But he didn't get stuck with the loan. Twitter did. Not Elon. The company itself had to
Why smart investors are finally going global (and you should too)
For over a decade, one man shaped how millions of people invest. JL Collins - author of The Simple Path to Wealth, patron saint of the FIRE movement, the guy who made "just buy VTSAX" feel like a religious commandment - told his followers that all you needed was one
The hardest part of FIRE isn't saving, it's spending
I know what you're thinking.. This article might be the opposite of what I've been preaching so far. But hear me out, you might be surprised. A couple sits across from Ramit Sethi on his podcast. They have $2 million in the bank. And they want
When can you actually retire? A FIRE calculator that doesn't lie to you
How long until you can actually stop working? Not the "67 and a gold watch" kind of retirement - the "I have enough, I'm done when I say I'm done" kind. The math behind FIRE (Financial Independence, Retire Early) is almost offensively simple:
ASML: the $380 Million machine you've never heard of
Every iPhone you've ever owned. Every Nvidia chip powering the AI revolution. Every advanced processor in every laptop, server, and data center on the planet. They all pass through one small Dutch town called Veldhoven. There, a company most people have never heard of builds machines so complex
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Why Spotify pays 70% revenue to record labels: the streaming music economics trap explained
Discover why Spotify surrenders approximately 69% of revenue to record labels, how streaming music economics work, and what it means for subscription prices and your investment portfolio.
Personal Finance
The Greek alphabet conspiracy: why Wall Street's secret language can make you 15-25% richer
Greek letters in investing made simple: manage risk & return.
Personal Finance
Portfolio Beta calculator: measure your investment risk
Portfolio Beta Calculator Calculate your portfolio's systematic risk relative to the market Stock Symbol Weight (%) Beta Action × + Add Another Holding Calculate Portfolio Beta Portfolio Beta 0.00 Note: Beta measures a stock's volatility relative to the overall market (S&P 500). A beta of 1.
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How airlines extract $148 Billion through hidden charges
Tired of a $79 flight turning into $347? We expose the hidden fees, psychological tricks, and AI pricing airlines use. Learn to fight back and save money.
Personal Finance
Warren Buffett quotes: 15 best investment strategies from the Oracle of Omaha
Meta Description: Learn Warren Buffett's 15 best investing strategies through his funniest quotes. Discover how to invest like Buffett with proven tactics that turned $1,000 into $55 million.
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Starbucks real estate strategy: the $15.8 Billion empire behind your daily latte
Ever feel like Starbucks is literally everywhere? From bustling downtown corners to random highway rest stops, those green mermaids seem to multiply faster than your credit card debt. But what most people don't realize is that Starbucks isn't just in the business of selling premium coffee
Personal Finance
The Wall Street zoo: why finance speaks in animal metaphors
Ever wonder why grown adults worth millions talk about bulls, bears, and dead cats when discussing your retirement fund? Buckle up - we're about to explore the fascinating psychology behind the financial animal metaphors that run Wall Street. Picture this: You walk into a financial advisor's office,
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How Costco turned "return everything" into a $4.8 Billion money-making machine
Picture this: A woman walks into Costco with a dead Christmas tree. Not just any dead tree - we're talking full-on Charlie Brown territory, needles everywhere, probably been sitting in her living room since December. It's January 4th. She wants her money back. And you know
Personal Finance
The lifestyle inflation trap: why your raise isn't making you richer
Getting that promotion probably won't make you wealthy. In fact, it might be doing the exact opposite. Research shows that salary increases averaged 1.7% globally in 2024, yet only 30% of employees express satisfaction with their compensation. The highest income earners increased their spending by 6.7%
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How Apple made you an ecosystem addict: the genius of interconnected devices
Plot twist: that shiny iPhone wasn't a phone purchase - it was a 20-year mortgage on your digital soul. Remember when Apple just made computers? Those adorable beige boxes that looked like they belonged in a dentist's office? Well, somewhere between the iPod and world domination,
Personal Finance
The emergency fund paradox: why saving for disasters makes everything better
While most people think emergency funds are just boring piles of "dead money," research shows that folks with emergency funds experience 21% higher financial well-being, leading to better investment decisions. Here's the kicker: having just $2,000 in emergency savings delivers this massive psychological boost
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Amazon's $100 Billion "Oops, we built an empire" story
Picture this: You're building a bookshelf for your garage and accidentally construct a Home Depot. That's basically what happened to Amazon with AWS. What started as Jeff Bezos scratching his head over why his engineers were spending 70% of their time rebuilding the same boring infrastructure