This month, we explore the dangers of “fool’s yield” in fixed income, dive into the surprising history of the venture capital industry, and review a Goldman Sachs report offering a positive economic outlook on global aging.
What’s Matt Reading? (Nov 2025)
This month, we look into OpenAI’s financial performance, examine the timeless lessons of human nature from the 1929 market crash, and explore how nuclear energy could power the future of AI data centers.
What’s Matt Reading? (Oct 2025)
This month, we explore the universal temptation of financial comparison, uncover the surprising history behind the first comprehensive study of overall stock market returns, and analyze whether today’s tech-heavy stock market is actually in a bubble.
3Q 2025 Market Overview
Third quarter performance was strong across every asset class we track led by Emerging Market stocks [international small countries] (+10%) and U.S. stocks (+8%). While geopolitical tensions continued to generate headlines, corporate earnings came in better than expected with quarterly earnings for the S&P 500 coming in much better than expected at +11% higher than last year’s second quarter.
What’s Matt Reading? (Sep 2025)
This month, we examine the structural headwinds causing Europe’s economic decline, highlight Seth Klarman’s contrarian value perspective on commercial real estate, and explore how surging AI demand is changing the landscape for enterprise technology.
The Paradox of Time
Time is your friend Finance folks love to talk about exponential growth. It’s compound interest. Interest on interest. It’s your money making money on its money. You start with $100 and then earn 10%. Now you have $110. Another 10% gets you $121. Then $133…on…
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