🎙️ Illegal Index Funds

[5 minutes to read] Plus: Buffett disciple invests in San Francisco

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Shawn O'Malley & Matthew Gutierrez
February 12, 2024

By Matthew Gutierrez and Shawn O’Malley

🏈 Congratulations to the Kanas City Chiefs for solidifying their NFL dynasty on Sunday with back-to-back Super Bowl wins. We were watching alongside 115 million others.

Another thing we’ve been watching? The dried-up IPO market. Over the past two years, the IPO market hadn’t been much more than tumbleweeds.

But the good news is that there have been 10 initial public offerings on U.S. exchanges this year.

We’re on pace to surpass IPO activity from 2022 and 2023 — an IPO resurgence, if you will.

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the three biggest stories in markets:

  • Should index funds be illegal?

  • Stocks are at a record, but are they expensive?

  • A Buffett disciple’s big bet on commercial real estate

All this, and more, in just 5 minutes to read.

POP QUIZ

What’s the worst year for the U.S. IPO market over the past 50 years? (Scroll to the bottom to find out!)

Chart of the Day

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