Capital Formation Reframed

while roughly $18 trillion in private capital backs the next generation of companies before the public ever gets a shot at them. Add in a regulatory bill that costs public companies millions a year just to exist, and you’ve got a system that’s quietly locked most of America out of real wealth creation.

Sixth Shock is where I dig into that, out loud, every other week. I’m Founder and Managing Partner of Noetic Investment Partners, I teach finance at Tulane’s A.B. Freeman School of Business, and I’ve spent most of my career inside private equity watching capital move in ways the public never sees. This show is me thinking through what comes next: Regulation A, tokenized ownership, the wealth transfer already underway, and what it actually takes to build something real in this economy instead of just trading paper.

New episodes biweekly on Apple Podcasts, Spotify, and YouTube.