I have underwritten risk for 30 years in hedge funds, private equity, and private credit. The lesson that never changes: nobody builds real wealth quickly and keeps it. They build it slowly, while everyone else laughs, and Congress is once again trying to make that slowness illegal.
Nvidia’s market value touched roughly $5.25 trillion this month, the largest of any company on Earth. Ask most people how long that took, and they will guess five years, maybe 10: overnight unicorns, a viral launch, a founder in a hoodie. The real number is 32. Jensen Huang cofounded Nvidia over coffee at a Denny’s in San Jose in 1993, and the company spent two decades as a chip maker that nearly went under more than once, long before AI made its work suddenly, staggeringly valuable.
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