After the $2 bill, the $50 bill is the rarest in circulation. It bears the image of Ulysses S. Grant, one of the most consequential and interesting leaders in American historyGrant led a fascinating life. Poverty, alcoholism, failure after failure until h ...
GoodRx’s IPO and the $450 Story
Many great founders have started companies after an annoying experience. Netflix’s lightbulb moment began with founder Reed Hastings waiting in line at Blockbuster to pay $40 after losing Apollo 13. For Doug Hirsch, co-founder of GoodRx, it was a $450 pre ...
Financial Broccoli
Kellogg tells you their cereal is natural and has whole grains. There are no broccoli lobbyists or marketers (other than moms). Some good things do need reminders. One trigger for some of my favorite healthcare and financial housekeeping tips starts with ...
Valuing a Piece of Americana
Baseball cards are part of Americana. The slotted binders, stats, and bike rides to shops evoke nostalgia too. The investment merit of cards fit is another question. An index of the rarest of cards may have outperformed the S&P 500 by 2.3x over the l ...
Arbitrage and the Advice We Give
In March the gap between London and New York gold prices jumped to $60 per ounce, 40 times the typical spread of $1.50 per ounce. In times of fear, investors prefer to have their gold in New York. These extreme arbitragearbitrage: to simultaneously buy lo ...