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Don't let this story happen to you...

My friend's father was a successful banker in his professional life. He earned a great salary and accumulated large amounts of stock in the two major U.S. banks where he worked for years.

We've been waiting... and it finally happened.

Earlier this week, tech stocks – like market darling Nvidia (NVDA) – collapsed when Chinese company DeepSeek unveiled its artificial-intelligence ("AI") tool. DeepSeek claims its AI matches the major players for a fraction of the cost.

If you see a bright red hippo out in the wild, don't worry... It isn't bleeding.

It's sweating.

Believe it or not, I do like technology stocks...

You may be scratching your head right now. After all, I spend a lot of time dissing the sector in this letter.

The old man groan...

You've heard it before. Maybe you've even done it yourself.

Imagine you're walking down the street and stumble across a $100 bill...

You look around to see if anyone is searching for this money. No one is. So you decide to keep it.

Over my long career, I've had a lot of folks ask me to handle their money for them...

"Doc, can I just give you all my money and you do all the investing?"

The 1980s were a time of big, teased hair... and, not so coincidentally, a hole in our ozone layer...

All of those cans of Aqua Net teased hair to sky-high levels. But they weren't so kind to the ozone layer...

It's official...

Donald Trump was sworn in on Monday to become the 47th president of the United States.

Thanks to Lucy sleeping on her chest, Pamela survived...

The 72-year-old Pamela was hiking with her 82-year-old husband John in the woods near their home in Maine.