Sports Team PE Caps and the Athlete-Equity Workaround
TL;DR: The NBA docked the Clippers five first round picks, fined the team $30 million, and suspended owner Steve Ballmer a year for cap circumvention, per Yahoo Sports. The same report notes NBA and …
September 28, 2026
Why Manager Selection Matters More in Private Markets
TL;DR: I read today's Daily Upside report on manager selection, and it confirms what I've verified for years: private market returns split far wider by manager than public markets do — over 19 percen…
September 28, 2026
The IMF's Big Test in Bangkok: What It Means for You
TL;DR: When the IMF's Fall Meetings open in Bangkok this month, the Fund walks into a room with three problems it did not create and cannot solve alone. I've spent enough years verifying numbers befo…
September 28, 2026
Iridium Holders Approve Rocket Lab's $54 Deal
Iridium holders get $27 in cash plus Rocket Lab stock per share, a collared exchange valued at a notional $54. Closing is expected by mid 2027, per the same release, pending regulatory approval. What…
September 28, 2026
Kevin Durant's Hugging Face Bet and Nvidia's $12.9B Deal
TL;DR: Nvidia has reportedly agreed to acquire Hugging Face for about $12.9 billion. Kevin Durant's Thirty Five Ventures put $100,000 into Hugging Face's 2018 seed round and $150,000 into its 2019 Se…
September 27, 2026
Anduril Isn't the Only One Building Air Force Drones
TL;DR: The U.S. Air Force is building two drone fleets worth roughly $15 billion combined: 500 Collaborative Combat Aircraft from General Atomics and Anduril, plus 500 cheaper Massed Modular Aircraft…
September 27, 2026
Could Europe's Data Centers Revive Nuclear Power?
TL;DR: Yes, and it's already happening. Google just signed a 22 year nuclear power deal in Finland at a roughly 60% premium to forward prices, per a report cited by Yahoo Finance. Europe's data centr…
September 27, 2026
US Debt Hits $40 Trillion. Yields Make It Worse
TL;DR: US debt hit $40 trillion this week as the 10 year Treasury yield jumped to 5.23%, its highest since 2007, and the 30 year hit 5.49%, its highest since 2004, per Hindustan Times and Fortune. A …
September 27, 2026
Private Equity's Growing Role in U.S. Insurance
I signed off on more than 1,000 QA jobs on a nuclear submarine. Every one asked the same question: who actually verified this, and what happens if they were wrong? That question belongs in your insur…
September 26, 2026
Can You Buy a Business With Your IRA? The UBIT Trap
The technical yes, and what custodians don't say next A self directed IRA can hold stock in a private company, including the company that runs a car wash, a laundromat, or a small manufacturing shop.…
September 26, 2026
IRA Investing: What a Self-Directed IRA Allows
Your Broker's Menu Isn't the Law. It's a Business Decision I spent years signing off on QA jobs aboard a fast attack submarine, where the rule was simple: verify before you trust. Nobody's word was g…
September 26, 2026
Coinbase Staking Review 2026: Yields and Custody Risk
Coinbase staking currently pays between 1.45% APY on Cardano and 13.89% APY on Cosmos, with Ethereum at 1.92% and Solana at 3.80%, per the platform's live staking rates page as of September 2026. The
September 16, 2026