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Sponsored by Lake Region State College This article is proudly sponsored by Lake Region State College. Lake Region State College provides students with affordable, career-focused education designed to create real-world opportunities. Through academic programs, workforce training, and transfer pathways, LRSC helps students develop the skills needed for the next stage of their professional journey. The […]

Sponsored by Lake Region State College This article is proudly sponsored by Lake Region State College. Lake Region State College provides students with affordable, career-focused education designed to create real-world opportunities. Whether pursuing workforce training, technical programs, or a pathway toward a four-year degree, LRSC helps students develop the skills needed for their next chapter.

Every Great Investment Story Eventually Becomes a Consensus Trade The most dangerous moment for an investment theme is rarely when nobody believes it. The most dangerous moment is when everybody does. Over the past several years, semiconductors have become the beating heart of the stock market. Artificial intelligence transformed from a niche technological concept into

America Didn’t Lose Its Desire to Buy Homes If you listened to enough economists over the past three years, you could be forgiven for thinking that Americans had somehow fallen out of love with homeownership. Housing affordability deteriorated. Mortgage rates surged. Existing home sales collapsed. Refinancing activity disappeared. Real estate agents left the industry. Mortgage

The Housing Market Never Actually Broke For most of the past four years, investors have been trying to figure out what exactly is wrong with the American housing market. Depending on which analyst, economist, or television personality happens to be speaking, the explanation changes. Some blame mortgage rates. Others blame affordability. Others point to inflation,

For years, investors treated food delivery companies like technology startups with scooters. Growth was everything. Profitability was optional. Venture capital flooded the sector under the assumption that whoever captured users first would eventually figure out the economics later. During the pandemic, that logic appeared almost invincible. Consumers ordered everything through apps, delivery volumes exploded, and

The NextEra Dominion deal may become one of the most important infrastructure transactions of the artificial intelligence era. What appears to be a traditional utility merger is really a major bet on the future electricity demands of AI and hyperscale data centers. Utilities were viewed as necessary, stable, defensive, and — perhaps most importantly —

North Dakota matters because it sits underneath some of the most strategically important systems keeping the American economy functioning, even though most of the country rarely thinks about it. When people imagine economically important regions, they usually default to financial centers like New York, technology hubs like California, or massive consumer economies like Texas or

Acadia Healthcare looks ugly on the surface, which is exactly why I think it is becoming interesting. The stock is beaten down, earnings are distorted by massive special charges, litigation concerns remain a real overhang, leverage is not insignificant, and investor trust has clearly been damaged. This is not a clean compounder story. It is

For most of the past several years, Novo Nordisk represented one of the clearest “can’t lose” stories in global healthcare investing. Obesity drugs were exploding in popularity, Ozempic became a cultural phenomenon, Wegovy transformed the medical discussion around weight loss, and investors began treating Novo as though it had effectively secured a near-monopolistic position in