Bill Ackman’s simple rules for money and investing

Bill Ackman is a famous American billionaire investor and founder of the hedge fund Pershing Square. He is known on Wall Street for making big, bold bets on major companies, helping turn around struggling businesses, and using his financial success to fund cutting-edge medical research and charitable causes. Investing money can feel confusing and risky, but Bill Ackman keeps his strategy straightforward. He believes in buying solid, reliable companies that make real cash, holding them for many years, and staying away from dangerous bets like short selling where you can lose unlimited money. He warns that artificial intelligence will quickly wipe out weak businesses, and he advises regular people to avoid picking individual stocks and just buy low cost index funds instead. These core ideas show how Ackman protects his capital, avoids common Wall Street traps, and builds lasting wealth.

Read More

What do people who made their money actually do with it?

The conventional narrative around wealth management assumes a predictable arc: an entrepreneur builds a company, exits or extracts liquidity, and then quietly transitions into passive preservation mode. The capital is handed to wealth managers to be sliced into traditional asset allocation models (a percentage in public equities, a percentage in fixed income) while the founder steps back from active risk-taking. However, findings from the HSBC Global Entrepreneurial Wealth Report 2026 (surveying 3,288 current and former business owners across 17 global markets) paint a fundamentally different picture. Wealthy entrepreneurs do not stop being capital allocators when they cross high-net-worth thresholds; instead, they evolve into more selective, disciplined allocators of conviction. Crossing the wealth finish line is not an invitation to leave the arena. It is a transition to a game played with greater strategic optionality and higher selectivity.

Read More

Gold Is Having a Very Strange Year

Gold is having one of those years when almost every explanation seems to be true at the same time. It has been one of the great trades of 2026, then suddenly looked horribly expensive, then fell sharply, while some of the biggest buyers in the world simply carried on buying it. The usual gold story — lower rates, weaker dollar, inflation fears, geopolitical anxiety — is still there, but it no longer seems big enough to explain what is actually happening.

Read More

WEALTH & OTHER VICES #1. THE FRICTION PREMIUM

Money stopped being about things a long time ago. It buys time, access, privacy, health, experiences — and increasingly, the luxury of not having to deal with things you don't want to deal with. WEALTH & OTHER VICES is about what happens next. We write about money and investing, but not just markets; luxury, but not just watches and hotels; health, but without the green-juice sermon; technology, travel, property, food, people, pleasure and the increasingly strange ways affluent people choose to spend their money and their lives. We’re interested in what sits underneath the obvious story: where capital is moving, what wealthy people are suddenly willing to pay for, which habits are changing, and which businesses will benefit when they do. Some of it will make you money. Some of it will make you think. Some of it you may simply want. Welcome to W&OV.

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

The Storm on Wall Street and the Great Restructuring: How Artificial Intelligence is Changing Wealth Management and Where We Are All Heading

The AI wealth-management boom didn’t start in September. It had been building quietly for most of the year. The numbers show just how quickly the market was expanding. The Wealth Mosaic’s AI WealthTech Market Map counted 497 companies working on AI-driven or AI-enhanced wealth-management solutions in December 2025. By January 2026 there were 517. February brought 536, March 554, May 581 and July 588. In other words, the tracked market added more than 90 companies in seven months. The change was not simply in the number of companies. The Wealth Mosaic reported a shift from experimentation toward practical deployment, with AI moving into adviser support, portfolio management, reporting, compliance, data management and operational workflows.

Read More