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tmrw
One idea a week on growing and protecting wealth, written for people who already have it. Read by more than 23,000 subscribers.
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Charts
Four or five charts, plainly labeled, on what moved and whether it matters to a long-term plan. No commentary for its own sake.
The archive
Our Most Recent Posts
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Wealth Management
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Markets & Investing
Markets & Investing
Apple Added $4.3 Trillion Under Tim Cook
Apple was worth $349 billion when Tim Cook became CEO and $4.66 trillion when he stepped down fifteen years later.
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Markets & Investing
Earnings Grew in Ten of Eleven Sectors
A war in the Gulf and a construction boom produced most of the quarter's profit growth.
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Markets & Investing
The Highest in 19 Years
The Fed has cut six times since 2024. The 30-year Treasury went the other way, to its highest yield in nineteen years.
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Markets & Investing
M&A and IPOs lead the banks higher
The six largest U.S. banks have returned roughly twice the market since the start of 2025. The deal machine is why.
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Markets & Investing
The AI Trade That Cost $45 Billion
The index finished July almost exactly where it started, yet two sides of the biggest trade of the year moved about fifty points apart.
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Markets & Investing
–$5.9 Billion
Alphabet’s free cash flow went negative for the first time in its public history. Not because the business is shrinking, but because it’s spending.
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Markets & Investing
The Cash Flow Handoff
The companies spending hundreds of billions on AI are watching their free cash flow disappear, but it’s moving somewhere very specific.
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Markets & Investing
What the First Half Says About the Second Half
The S&P is up 9.6% through June. In the 53 years the first half finished green, the second half followed three times out of four, averaging a 6.2% gain.
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Markets & Investing
All the Flows Went to One Sector
Since the March low, eleven sectors took in $19 billion. Technology took more than that by itself.
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Markets & Investing
4,400 Millionaires
SpaceX began trading as the largest IPO in American history, with thousands of current and former employees projected to become millionaires.
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More from the archive
Older ideas, still worth reading.
Recessions, Rate Cuts, and Reality
Oracle’s Comeback and What It Means for Investors
The Quiet Market That Rules
Timeless Financial Wisdom
Cash-Flow Traps
What Jimmy Buffett’s Unintended $275M Mistake Can Teach Us
Revisit & Refresh
A Space For More Success
Your Strategy for Managing Risk
The Big Beautiful Bill & You
The Problems With Prosperity
When Everything Yields the Same
Why Liquidity Matters
The U.S. Debt Downgrade
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Educational content only. Nothing published here is personalized investment, legal or tax advice, a recommendation of any security, or an offer to buy or sell. Views are as of the date of publication and are not updated. Past performance does not guarantee future results.