I am fascinated by the speed at which Moderna has become a $100 billion company…a biotech one at that. Today the valuation surged again to close at $125 billion. They were founded in 2010. I believe Amgen ($AMGN) is the largest biotech company today at $140 billon. They were founded in 1980. Amgen sales last …

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Happy Summer Monday… As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out. …

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Happy Sunday I was on ‘The Risk of Ruin‘ podcast talking about how my career has evolved in investing. Morgan Housel as always had a great piece titled ‘The Casualty of Perfection‘. I love the ‘Smartless’ podcast and Elizabeth Banks is an awesome interview and guest. Have a listen. Instagram’s Evolution by Ben Thompson is …

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I missed the blog yesterday. I blame summer in Coronado. I can’t believe how fast 2021 is moving. Charlie has a great post up titled ‘The Half Year in Chart’s. Have a read. I figured it would be a good time to look at the markets for the first half of the year and get …

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I remember visiting Grayscale offices in New York back in the early days of the business. There were just a couple of employees inside the DCG offices and I got to know Michael who was working 24/7 doing a bit of everything as it grew. Today Grayscale and $GBTC are massive and Michael is the …

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I got a cold email pitch recently that led to me leading a round from our fund Social Leverage Obviously it was a good pitch deck. It was also a good first Zoom call. The cover letter was excellent. It was short, to the point and the founders knew I liked cycling (we had never …

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My friend Michael in Amsterdam sent me this video of the Italian soccer team singing the national anthem on the bus. Love it. Italy has had a rough go of things so it’s fun too see. I just checked out the Italy ETF of the last 20 years to see if I had missed anything …

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As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out. Happy Monday everyone. …

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Happy Sunday everyone. I really loved this article Justin Paterno sent me this week titled ‘Finance as Culture‘ (by John Luttig). As John says: ‘Financialization is no longer purely institutional. It has seeped into our culture.’ But financialization is no longer purely institutional; it has seeped into our culture. A combination of low interest rates, …

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My friend Jeff Richards who has been on my podcast a bunch of times listed the podcasts he likes to listen to each week. Here they are. It set off a great thread of comments with people chiming in with other podcasts they love. I plan on trying a few of them the next week. …

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