Questions to ask yourself as an investor during the boom times which will end at some point (honestly): Am I diversified? Do I have a plan in place? Am I taking too much risk? Can I balance FOMO with loss aversion? awealthofcommonsense.com/2026/07/inve...

Investing in the Boom Times - A Wealth of Common Sense

Some lessons from investors in South Korea.

awealthofcommonsense.com

Nolan is like the Steve Jobs of movies

Rewatching Obsession for the second time I am not a horror movie guy at all But something about this movie just works It's so good Every performance is great It's an indie that feels high quality It's rare for anything to live up to the hype anymore but this movie does

Walked by a bunch of restaurants and bars tonight that were slammed w/ppl They were smiling, drinking, eating, spending money on $19 cocktails Do they not realize the 30 year treasury yield is now 5.3%???

The ppl freaking out about rising 30 year bond yields are the same ppl who were freaking out about an inverted yield curve and saying that was the end of the world Call me crazy but this looks like a normal yield curve

I love this story from the new Bill Gurley book about how it's more important to find your fascination than your passion Some thoughts on how I found my fascination: awealthofcommonsense.com/2026/07/find...

Animal Spirits: 45 Million Rich Households A good sign for the bull market The semiconductor crash Why valuations are falling in a rising market Why is everyone bearish about bonds? South Korea trader insanity Why aren't there more IMAX theaters? awealthofcommonsense.com/2026/07/71270/

The fact that so many hotels have now made the switch from irons to steamers is a huge step back for society These things simply do not work on wrinkles! What are we doing here?

Sandisk is down 53% from all-time highs from a month ago That brings the one year return all the way down to just under 2,500%

SpaceX is now down 45% from the initial IPO pop Basically straight down too The stock is down 14 out of 18 trading days in July

The S&P 500 is within 2% of all-time highs But under the surface there are a ton of name brand stocks getting smoked Some thoughts on going dumpster diving in a bull market: awealthofcommonsense.com/2026/07/pick...

One thing you learn by going to a waterpark: There are A LOT of ppl who have tattoos, mostly parents Feels like way more than when I was a kid

The richest 45 million households in the US combine to spend nearly $15 trillion That's 3x the size of the German economy and 70% of the GDP in China

In the 1950s just 4% of US households owned stocks It was <20% in the early-1980s Today it's >60% The stock market is now ~240% of GDP Some thoughts on what it means that the stock market is more important than ever: awealthofcommonsense.com/2026/07/the-...

Animal Spirits: Say Bubble One More Time. I Dare You! Bottom fishing in tech Why don't we have recessions anymore? Why is everyone bearish on Netflix? What happened to Nike? Why aren't baby boomers downsizing? Stocks vs housing & more awealthofcommonsense.com/2026/07/71143/

Netflix drawdowns are no joke: 2002: -63% 2004/05: -76% 2008: -56% 2011/12: -82% 2022: -76% 2025/26: -50% (the stock is still up ~23% per year in this time)

4 big questions about the economy: 1. Why don't we have recessions anymore? 2. Why hasn't the housing market led to a recession? 3. Why aren't interest rates higher? 4. Is this actually a "normal" economic environment? awealthofcommonsense.com/2026/07/4-bi...

$1 invested in the S&P 500 in 1990 grew to: $40 buy and hold $8 if you missed the 25 best days $236 if you missed the 25 worst days $47 if you missed the 25 best AND worst days awealthofcommonsense.com/2026/07/miss...

Missing the Best & Worst Days in the Stock Market - A Wealth of Common Sense

Why the best and worst days cluster in the stock market.

awealthofcommonsense.com

Drawdowns from the highs: Micron -25% Microsoft -27% Sandisk -31% SpaceX -33% Netflix -45% Oracle -60% And yet...the S&P 500 is basically at all-time highs

This year: The US stock market is up 11% GDP growth is in the 2-3% range Inflation sits at 3.5% The 10 yr treasury yield is yielding 4.5% Is this the most normal year possible for markets? Everything is average

Animal Spirits: Will the Fed Buy Stocks? 10 reasons to be bearish Will the hyperscalers pull back spending? Is Nvidia cheap? Are the AI doomers wrong? What makes you rich Money lessons from a Dave Matthews concert & more awealthofcommonsense.com/2026/07/anim...

I've been called a permabull so here are 10 reasons to be bearish right now: awealthofcommonsense.com/2026/07/10-r...

House of Dragon / Game of Thrones are great shows Having said that…they just pull new random characters at will I spend 17% of every episode asking who is that person? Am I supposed to know who that is? Wait where did they come from?

I still think this is one of the most underrated movies of the past 10 years Didn’t get its due b/c it came out in 2020 Plus it’s only 90 minutes!

S&P 500 1928-2025: Up years: 72 Down years: 26 Big up years (+25% or more): 26 Big down years (-25% or worse): 5 There have been as many +25% up years as times when the stock market finished the year negative awealthofcommonsense.com/2026/07/the-...

The Ups and the Downs of the Stock Market - A Wealth of Common Sense

Sometimes the stock market goes down but most of the time it goes up.

awealthofcommonsense.com

We will make housing the American dream Will we build enough houses for everyone to fulfill that dream? We will not

Animal Spirits: 10 Reasons to be Bullish Why are gray haired investors always bearish? Small caps are on fire Retail is moving markets Rich ppl complain too much Why are new car payments so high? Is gambling a bull market phenomenon? awealthofcommonsense.com/2026/07/anim...

Everything is outperforming the Mag 7 this year: Heading into today: S&P 493 +14.4% S&P 500 +9.3% Mag 7 +2.4% awealthofcommonsense.com/2026/07/the-...

Painting at my local brewery Not necessarily a big art guy but I want this so badly

Dazed and Confused was a movie released in 1993 and based in 1976 It would be like a movie released today about high school in 2009 The passage of time never fails to amaze