INSIDE THE INVITATION-ONLY STOCK MARKET FOR THE WEALTHY

Summary from the TLDR newsletter

The ultrawealthy buy shares of the most in-demand companies via invite-only transactions long before the shares are listed on public stock exchanges. This small, privileged group can obtain shares of companies still in their early growth stages, while the rest are left with older, slower-growing names. This dynamic is exacerbating the wealth disparity in the US. It could even become an existential threat to the US economy.