"Today, 84% of companies pursuing IPOs have no profits. That is remarkably high. Ten years ago, proportion was just 33%. To see profitlessness as rampant as today’s you have to go back to the peak of the dotcom boom in 2000" economist.com/briefing/2019/…

See our latest article on this theme

"With nearly one-fifth of the U.S. population holding student loans -- nearly double the 2004 level -- the share of Americans with housing debt has fallen to just over a quarter from 33% in 2004." bloomberg.com/news/articles/…

"As an asset class, European equities have rarely been so cheap and unloved as they are today, with outflows almost at peak." ft.com/content/075669…

"Half the US stock market is now invested in index funds...Investors have put $4.305 trillion into passive US stock market funds as of April 30, only $6 billion shy of the $4.311 trillion overseen by active US equity funds" qz.com/1623418/index-…

"Tesla's stock is down a staggering 41% on the yr. ~$22 billion in shareholder value has been wiped out, sinking mkt cap back below GM and Ford. Even Tesla’s benchmark bonds now trade at just 81 cents on the dollar, pushing their yield north of 9%" bloomberg.com/news/articles/…

Welcome change ... thanks Uday

"Typical U.S. household was poorer in 2016 than in 2007, adjusted for inflation. Only one age group saw its median net worth completely recover from the Great Recession in that time: families headed by someone 75 or older" bloomberg.com/news/articles/…

Passive now controls 60% of US equity assets while quant funds control 20%—staggering 80% combined. Blackrock & Vanguard oversee $12t, up from less than $8t 5 years ago. And algorithmic trading systems are now responsible for 75% of global trading volume latest.13d.com/risks-passive-…

"The dirty secret of passive index funds is the distribution of daily dollar value traded among the securities within the indexes they mimic...The theater keeps getting more crowded, but the exit door is the same as it always was" bloomberg.com/news/articles/…

An older one from me, but worth revisiting...As a WSJ headline read yesterday: "Opioid Reckoning Hits Money Managers." Hard to believe many were caught flatfooted. That's why you subscribe to WILTW! latest.13d.com/people-vs-the-…

Never experienced such rude and obnoxious TSA people anywhere than this morning at 10.30 am Atlanta airport. So unnecessary TSA Hartsfield-Jackson rubenarciainvestor

Well done Trevor!

“Fangs are suffering from being over-owned and over-loved, and several are now facing regulatory problems. They’re now the new financial companies, having to testify to Congress.” ft.com/content/2637c4…

Audition at America's Got Talent gofundme.com/f/audition-at-… ... help Yisrael take the VI Mocko jumbie to the world. He is a really special man and gives everything he has🙏🏼

Now, more than ever, we need to build our emotional resilience. Here are some new wellness tips that can help you maintain your mental health. RT and share how you’re #StandingApartTogether. #MentalHealthMonday

We can all take small steps to promote holistic health. In honor of #MensHealthMonth, I am taking the time to discuss the importance of creating healthy habits to address physical and mental health with my sons. bit.ly/3g0eifg

Recent studies show that 2 in 10 women have either #endometriosis or #PCOS. See how we’re helping start the conversation around uterine health with tools for you to talk to your doctor, check your symptoms and more. #LittleRedLies

Thank you Arianna Huffington & Director, National Institute of Mental Health for a great discussion at #FortuneHealth on what it will take to address #COVID19’s mental health undertow. Here are 3 trends that I believe will help us realize a brighter future for #mentalhealth care: bit.ly/2ZWGSbn

⁦americanair⁩ Charlotte-airport@gate-agents@American airlines customer service ⁦Whats with the attit⁩ worst, rudest gate agents today for this flight to TPA. Would think you were welcoming flyers back. So unnecessary