Opinions & Commentary

Columns, arguments and unsolicited conclusions about money, markets, politics and society from people whose confidence occasionally exceeds the available evidence.

Opinion: If Your Business Can’t Afford Capital Anymore, Have You Considered Becoming an AI Data Center?

By Graham V. Pell, Senior Fellow for Applied Capital Scarcity There has been considerable complaining lately about the cost of borrowing money. Treasury yields have surged, financing conditions are tightening,

Sep 12 2026

Opinion: If Your Business Can’t Afford Capital Anymore, Have You Considered Becoming an AI Data Center?

Opinion: Strategy Has Finally Solved Corporate Finance by Creating Securities to Support the Securities Used to Buy the Asset Supporting the Securities

By Dr. Preston H. Markham, Professor of Recursive Capital Allocation For centuries, corporate finance suffered from an embarrassing limitation: eventually, the money had to come from somewhere. Strategy appears to

Sep 06 2026

Opinion: Strategy Has Finally Solved Corporate Finance by Creating Securities to Support the Securities Used to Buy the Asset Supporting the Securities

Opinion: $700 Billion in AI Spending Is Actually Very Affordable If You Divide It by the Number of Humans We Hope to Replace

There has been a lot of hand-wringing lately over the astonishing amount of money Big Tech is spending on artificial intelligence infrastructure. More than $700 billion this year, by

Aug 15 2026

Opinion: $700 Billion in AI Spending Is Actually Very Affordable If You Divide It by the Number of Humans We Hope to Replace

Opinions & Commentary

Opinion: If Your Business Can’t Afford Capital Anymore, Have You Considered Becoming an AI Data Center?

Opinion: Strategy Has Finally Solved Corporate Finance by Creating Securities to Support the Securities Used to Buy the Asset Supporting the Securities

Opinion: Only AMC Should Be Allowed to Dilute AMC Shareholders

Opinion: My Trading Strategy Didn’t Lose You Money, You Just Followed It Incorrectly

Opinion: The Bond Market Is Being Extremely Rude About All the Money We Already Spent

Opinion: Private Credit Is Safer Than Public Markets Because Nobody Can Tell You What Anything Is Worth

Opinion: Building Generational Wealth Is Easy If You Simply Invest $900 Million in SpaceX Before Everyone Else

Opinion: $700 Billion in AI Spending Is Actually Very Affordable If You Divide It by the Number of Humans We Hope to Replace