Contrary to popular belief, black swans don’t have to be bad. They can also be good. Most people think of panics and crashes when they think of black swans, but really a black swan refers to any improbable event that could not be foreseen. The Nasdaq up 13 days in a row? I’d call that a highly improbable event.

Stocks went down about 9%, and now they are back up to the highs in the span of about two weeks. No fun for me. But I think we learned something interesting from this scenario…

On September 8, 2026, my seventh book, The Awesome Portfolio, will be published by Harriman House. Yes, my seventh book.

I am the caboose. I am the last person to learn about trends in tech. Therefore, I am a terrible tech investor. It is true!

I was talking to someone uninitiated in finance the other day. She asked me if skyrocketing oil prices were having an effect on the stock market, and I said yes, but not in the way that you think.

I don’t pay attention to the news; I just trade the charts.

The tomb is sealed, and we don’t even realize it yet.

You have probably heard of some troubles in private credit funds recently, including the Blue Owl fund that gated redemptions. And others.

It’s a brave new world out there.