MyTimeEquity

Whenever investors discuss SpaceX, the conversation usually starts in the same place: valuation. Is it worth $2 trillion? $3 trillion? Is it overhyped? Has all the upside already been priced in? Those are reasonable questions. But they may not be the most interesting ones. The more interesting question may be whether we are thinking about SpaceX the right way. Most comparisons focus on other large companies. Some compare it to Nvidia. Others compare it to railroads, telecommunications...

How many times have you heard someone ask, "Which AI company will be the winner?" Maybe it's OpenAI. Maybe it's Google. Maybe it's a company that hasn't even been founded yet. Investors naturally gravitate toward these questions because they are easy to understand. We want to identify the next big winner before everyone else does. But history suggests there may be a better question to ask. Think about previous technological revolutions. During the California Gold Rush, fortunes were...

Concentration risk rarely begins with a bad decision. It usually begins with a very good one. A stock doubles, then doubles again, and what started as a modest allocation quietly becomes the dominant force in a portfolio. This happens in two common ways. Investors have seen it play out vividly in the AI trade of 2025 and 2026. Memory stocks and AI infrastructure names: Micron, AMD, Samsung Electronics, delivered extraordinary returns for those who positioned early. What felt like a...