Author: Neil Rose, CFA

Anthropic just filed its S-1. Why a trillion-dollar AI IPO matters for the economy—even if you never buy a share—plus 10 charts on its business.

Big Tech now dominates the stock market like never before, just as rising interest rates and the return of the bond vigilantes put pressure on stocks and the economy. This letter looks at where we see value outside technology and why Treasurys and TIPS are becoming more attractive.

Federal debt held by the public reaches 101% of GDP in fiscal 2026. The Congressional Budget Office projects it hits 107.7% in 2030 — surpassing the 106.1% record set in 1946 — then 120% by 2036 and 175% by 2056.

If you're 50+ and earned over $150,000 last year, your catch-up 401(k) contributions must now go in as Roth money. Here's what changed and what to check.

Notes from Regency's first hack-a-thon: AI removed the technical barrier to building tools, but the what and why matter more than ever.

Neil Rose, CFA on investing, July 2026: cognitive dissonance at record highs, the case for TIPS, and finding hidden tech in wide-moat businesses. Wealth management needs a framework.

Five charts reveal widening cracks in today's market: stretched valuations, sentiment gaps, a flattening yield curve, and a surge of new IPOs.

Is China closing the gap in AI innovation? Discover the Chinese AI cost advantage and its impact on global AI competition.

The SpaceX IPO arrives June 12 at a $1.75 trillion valuation. Neil Rose on getting shares, the lock-up risks, and why position sizing matters most.

“Don’t believe the degree itself matters.” A father’s frank letter to his 18-year-old son on cost, value, and what college is really for.

Neil Rose, CFA and Arthur Mallet discuss the new era of insider trading — prediction markets, congressional trading, and what it costs the U.S. market premium.

Is college still worth it? Neil Rose reflects on sending his firstborn off to school and what a degree actually means today.