How I Lost $15 Million

A sudden win can be more dangerous than a slow loss. This piece explores why misunderstanding risk leads to poor decisions — and how investors can think more clearly when certainty is impossible.

Discover the true incentives and you can predict the outcome

Way back in 2011, Jim Rickards first laid out his long-term prediction: currency wars are followed by trade wars and then shooting wars between major powers.

2026, the year of shortage before excess

As we head into 2026, the AI boom is entering a new phase. Not excess, but shortage. From memory and storage to compute and power, critical AI infrastructure is running out, and supply won’t catch up for years. This is where the next wave of outsized returns will be made — before abundance finally arrives.