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A weekly newsletter for people who want to understand money without needing therapy afterward. I cover accounting, tax, and finance the way they should be taught. Simple, sharp, and with a sense of humor. If knowledge is power, this one’s your caffeine shot.
Romeo Razi, CPA July 13th 🚀 Is AI eating my lunch or not? For the past few years the same people that brought you, "Truck Drivers need to learn to code", have started beating a new drum: "White-collar wageys needed to head to the breadlines", because the Silicon Valley priesthood believe that they are headed for the same fate as the horse & buggy. Master Dario and Scam Altman have both been sounding the alarm that the Machines are marching one by one (hurrah, hurrah) ... I mean, until they...
Romeo Razi, CPA June 29th 🚀SpaceX IPO'd, and then it didn't....sort of 🚀 Elon finally wrang the bell after spending 24 years of flying $#!t into space. It was one of the most hyped meme-stock IPOs ever! The stock was supposed to start at $135 a share, but it opened at $150. And this sucker went all the way up to a high of $225.64 within a week. Two trillion dollar market cap, roughly the GDP of Italy. Until it wasn't 😠. Unfortunately for Retail the stock pulled an Icarus🪽. It flew too close...
Romeo Razi, CPA June 7th 🤖AI, AI, AI, everywhere! 🧠 AI is everywhere, I know because I myself have fallen victim to the Nouveau-Développeur syndrome, a.k.a. Vibe Coding (more on that later). And I'm not the only one. Wall Street aficionados keep asking, "if your company isn't leading with AI, do you even have a company?" 🎰 To me, this whole AI-thing is reminiscent of the late 90s dot com boom-and-bust, and all the big AI companies are all going for the IPO-jugular. Anthropic (who created the...