Words to Remember
Stop Hunting For Perfect Stocks 🧠
“Don't look for the needle in the haystack. Just buy the haystack.”
Why we ran it
SpaceX was days from the largest IPO in history at a $1.77 trillion valuation, and the issue asked whether public investors were about to become the exit liquidity. The same week, Vanguard's VOO became the first ETF to cross $1 trillion. Bogle's haystack was the alternative to betting on the needle.
From the June 5, 2026 issue: The $1.77 Trillion Question →