Nir Kaissar

Columnist, @opinion. Founder, Unison Advisors. Hoosier. (KAY-sarr)

[Nir Kaissar @nirkaissar]

Abel is charting a new path at Berkshire.

My latest @opinion.

https://t.co/X2H5RUzEKs

[Nir Kaissar @nirkaissar]

If SpaceX, OpenAI and Anthropic's growth fall short of huge expectations, their IPOs will be a massive wealth transfer from ordinary to private investors and a major blow to the appeal of public markets.

My latest @opinion.

https://t.co/dwtRhkE6mL

[Nir Kaissar @nirkaissar]

@EricBalchunas https://t.co/4zWqCifuXR

[Nir Kaissar @nirkaissar]

Investors pulled a net $116 billion from hedge funds in North America last year, a sign that hedge funds may be going the way of mutual funds.

My latest @opinion.

https://t.co/CmmTuFmcn4

[Nir Kaissar @nirkaissar]

Apollo's plan to provide daily pricing for private credit, if done well, will transform private investing.

My latest @opinion.

https://t.co/fv7GzS9NB8

[Nir Kaissar @nirkaissar]

Berkshire's new CEO Greg Abel inherits from Buffett a concentrated stock portfolio light on tech.

Buffett's decision to sidestep tech in the late 1990s has turned out to be a drag. Berkshire has underperformed the S&P 500 since tech's recovery in 2003 from the dotcom bust.

Will be interesting to see what changes Abel makes in the coming months/years. As things stand, Berkshire is betting in large part that financials, energy and a soda business can keep up with technology.

My latest @opinion.

https://t.co/8Rqd1A7F2g

[Nir Kaissar @nirkaissar]

👀

From the great @foxjust.

https://t.co/BhmKgemwSG

[Nir Kaissar @nirkaissar]

Affordability is a problem of inadequate wages. The way to solve it is to give companies tax incentives to raise wages in line with earnings growth.

My latest @opinion.

https://t.co/5jsTFAQnsD

[Bloomberg Opinion @opinion]

Surprised by the US stock market’s resilience during the Iran war? Don’t be, explains @nirkaissar 🎥

[Nir Kaissar @nirkaissar]

The US stock market isn’t notching new highs because it thinks the Iran war is ending. It never cared about a regional war in the Middle East, and it won’t unless the conflict spreads.

My latest @opinion.

https://t.co/ixbPl2NiCa

[Nir Kaissar @nirkaissar]

Buffer ETFs are expensive portfolio insurance you don't need. My latest @opinion.

https://t.co/8qFdeo60T6

[Michael Mauboussin @mjmauboussin]

Self Recommending: "One Hundred Years in the U.S. Stock Markets" by Hendrik Bessembinder. A century of data for nearly 30,000 U.S. public companies.
Fun fact: "Shareholders' wealth was enhanced by $91 trillion over the century, but long-term investors in nearly 60% of stocks incurred wealth reductions."
https://t.co/8bubt2mO3m

[Bloomberg Opinion @opinion]

What are Treasuries good for? They clearly aren’t the antidote to bear markets that investors widely believe them to be, @nirkaissar says https://t.co/Z8cOFStJrv

[Nir Kaissar @nirkaissar]

President Trump’s campaign promised voters lower prices, higher wages and a massive deportation campaign. What has he achieved? Bloomberg Opinion analyzed 12 metrics to cut through the political noise https://t.co/Uwe5iVXgCo

[Nir Kaissar @nirkaissar]

That was fun, thanks for having me!

[Matt Zeigler @CultishCreative]

We had @nirkaissar on @excessreturnpod to discuss his list of 2026 predictions, AI, private credit, small caps, and so much more.

This is a thought-provoking overview of the year ahead of us.

Out now: https://t.co/HPrGm0j2ol

[Nir Kaissar @nirkaissar]

The US's lead over Europe is large and growing and runs deeper than tech.

There Is a $7 Trillion Hole In Europe's 'Sell America' Call

My latest @opinion.

https://t.co/1UHC46LAHJ

[Bloomberg @business]

The bond market has a reliable record of sounding an alarm when companies are in danger of defaulting on public debts. Private credit have no such transparent system, and that's a problem, @nirkaissar says (via @opinion) https://t.co/mSpwgH8a1F

[Nir Kaissar @nirkaissar]

More private debt is now issued every year than comparable public debt, except there's no market to warn of defaults.

My latest @opinion.

https://t.co/yb7h2k9C34

[Bloomberg @business]

This may well be the year we question putting humans behind the wheel and get the world’s first trillionaire, @nirkaissar says (via @opinion) https://t.co/Djsicjdc1p

[Nir Kaissar @nirkaissar]

My tribute to the late, great Byron Wien: Ten Surprises for 2026. @opinion

https://t.co/WITx5Jkh8N