Palmer Luckey is aiming for a different kind of bank for tech startups and the wealthy, leading to the recently approved Erebor Bank NA.

Peter Thiel didn’t just trim a position. He torched the whole thing. In his latest 13F, the Palantir billionaire’s hedge fund, Thiel Macro, dumped every single stock it owned—roughly 65,000 Tesla ...

And the most dangerous part is that many large companies know this playbook is broken. They just don’t know how to let go of it.

When an organisation repeatedly tells itself “I am the best, I am number one”, is this confidence or creeping blindness to future threats? Companies of all sizes, whether they are start-up unicorns, ...