Almost 750 money-losing firms have sold shares in the secondary market in the past 12 months. They outnumber stock offerings from profitable companies by 2 to 1, the biggest margin since at least 1982. The Week, July 9, 2021
At the end of 2008, there was just $915 billion worth of assets indexed to the S&P 500. The S&P closed at 903 that year. In 2020, as passive investing has become increasingly popular, assets indexed to the S&P nearly quintupled to $5.4 trillion (493%) as the index itself tripled. Axios Markets, July 7, 2021
In May, there were 500,219 applications for new businesses, the second-highest month on record. WXXI News, June 29, 2021
“Many of life’s failures are people who did not realize how close they were to success when they gave up.” Thomas A. Edison
U.S. households added $13.5 trillion in wealth last year, the biggest increase on record going back three decades. The Wall Street Journal, June 27, 2021
More than 400 ships traveling between Asia and the West Coast were late by more than two weeks during the first five months of this year. Compare that to 388 vessels in total that were late between 2012 and 2020. Yahoo!News, July 7, 2021
“When I lost my rifle, the Army charged me 85 dollars. That is why in the Navy the Captain goes down with the ship.” Dick Gregory
