Hey, it’s Frank, Jerry, and Zoltan from Third View Private Wealth, and welcome to the Third View Next Gen Newsletter. This newsletter is designed to simplify personal finance, investing, and wealth building for next-generation wealth holders just starting their financial journey.

Forwarded this newsletter? Subscribe here to receive future editions.

Micron was responsible for 17% of the S&P 500's entire return in the first half of 2026, more than double the next closest name. That's the impact of the AI memory boom in action.

Great for anyone holding Micron, but it's also a reminder that "the market" isn't as diversified as it sounds and a handful of AI winners are doing most of the heavy lifting right now, so it's worth knowing what's actually inside the index funds you own.

Bill Gurley’s Running Down a Dream is the career book we wish someone had handed us in our 20s. Gurley, the legendary VC behind early bets on Uber, OpenTable, and Zillow, ditched a "safe" tech career to chase something he actually cared about, and this book is basically his playbook for building a career you love.

The quick version: most people regret their career path at some point (something like 6 in 10 people would change it if they could redo it). Gurley's argument is that a great career isn't luck, it's a handful of repeatable moves.

Our 3 favorite lessons:

1) Chase curiosity, not "passion." "Find your passion" is vague and kind of useless advice. Gurley's take: follow what you're genuinely curious about and let the passion show up later. Way more sustainable.

2) Get in the room where it's happening. Position yourself around the people and places where the energy in your field actually is. That's how you accelerate your learning and development

3) Mentors compound. He's not talking about a formal mentorship program, just deliberately learning from people who are a few steps ahead, whether that's a coffee chat or their book/podcast.

Bottom line: if you're early in your career and want a framework instead of another "just work hard" type of lecture, this one's worth the read.

There’s also a great video version of a lecture he gave that shares the same principles. It’s what inspired the book. Here’s a link to that video.

We got this question from a college student recently, and there’s two ways to think about the answer:

The personal angle: before you invest anything, get a small cushion set aside for emergencies and make sure you don’t have high-interest debt (a 5-6%+ interest rate). Once that's handled, you're ready to start investing, even if it's a small amount. It’s about building the habit now and increasing your investments over time.

The market angle: don't try to time it. Waiting for the "right moment" almost always means waiting. Time in the market beats timing the market, so the earlier you start, the more time your money has to compound. Again, start small. $50 is better than nothing.

Bottom line: if your finances are stable, don't wait on the market to give you a signal. Start now, start small, let time do the rest.

We wrote a piece on how to get started investing. You can read it here.

Have a question you’d like us to answer in a future newsletter? Simply reply to this email to submit it to us.

Third View Private Wealth Advisor Christopher Sneeds earns his Chartered Financial Consultant^® designation! See the full post on Linkedin.

That’s all for this month. If you enjoyed the newsletter, the greatest compliment would be to forward it to someone you think would like it too.

- Frank, Jerry, and Zoltan

Sign up here to receive future Third View Next Gen Newsletter editions in your inbox.

Any media logos and/or trademarks are the property of their respective owners and no endorsement by those owners of the advisor or firm is stated or implied.

Past performance is not indicative of future results. The material above has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed, and Third View Private Wealth makes no representation or warranty as to the accuracy or completeness of the information, which should not be used as the basis of any investment decision. Information contained on third party websites that Third View Private Wealth may link to is not reviewed in their entirety for accuracy and Third View Private Wealth assumes no liability for the information contained on these websites. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of writing and are subject to change without notice. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from Third View Private Wealth. For more information about Third View Private Wealth, including our Form ADV brochures, please visit https://adviserinfo.sec.gov or contact us at (203) 408-0098.