The Hottest Stock Markets Lead to the Biggest Losses

kept by eddie jul 04

A long-running study shows investor enthusiasm during hot markets has historically led to the worst cases of stock-market wealth destruction over the last 100 years.

How to convert between wealth and income tax
Graham's attempt to equate a 1% wealth tax with a 20% income tax hike is widely rejected as misleading because it ignores that wealthy income comes from capital gains, not labor, and that the wealthy often pay little income tax.
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Here Are the Top 250 Private Wealth Management Teams of 2026 - Barron's
The richest 0.1% of U.S. households now control 14.5% of total wealth, up from 8.7% in 1990, driving growth in top wealth management teams.
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Mega I.P.O. Frenzy Could Be a Harbinger of a Stock Bubble
Market enthusiasm for tech IPOs is driving stock prices to unsustainable levels, signaling a potential bubble that investors should approach with caution.
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SpaceX’s IPO Is the Final Frontier for Index Funds | The Intelligent Investor for June 2 - WSJ
Index providers are fast-tracking giant IPOs like SpaceX and Anthropic into major benchmarks, forcing index funds to buy heavily on day one instead of waiting for a seasoning period.
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Why Tokens Can’t Compound - by Santiago Roel Santos
Crypto tokens fail to compound value because they are legally designed as non-equity instruments with no reinvestment mechanism, unlike businesses that compound through capital allocation.
also on #investing, #economics