Benjamin Graham’s enduring image is that in the short run the market is a voting machine and in the long run a weighing machine. Rarely have six months illustrated both halves as vividly as the first six months of 2026. In the short run — and the first quarter was very much the short run
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The SpaceX IPO: What I’m Watching, and What I’d Want You to Know
PORTFOLIO MANAGER COMMENTARY A note from your portfolio manager ahead of one of the most-watched public offerings in market history Date: May 26, 2026 Subject: Space Exploration Technologies Corp. (planned ticker: SPCX) Source: SpaceX Form S-1 filed with the SEC on May 20, 2026; public reporting; Forge Markets pre-IPO secondary trading data A Note Before
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