Michael's Investment Perspective:
Navigating Wealth, Risk, and Life’s Lessons

For more than a century, American telecommunications have moved in cycles — consolidation, fragmentation, reinvention, and consolidation again. AT&T once stood as the immovable monopoly, the backbone of American communications. Then came the breakup, the rise of Verizon, the arrival of T‑Mobile from Europe, and a long era where AT&T looked more like a lumbering incumbent than an innovator. But over the last three years, something interesting has happened: the pendulum is swinging back. AT&T is quietly regaining momentum. Comcast is reporting broadband softness but wireless subscriber growth. T‑Mobile continues to expand but is no longer the only growth story. Verizon remains steady but is no longer the default “premium” choice. And across the industry, the shift toward fiber, 5G, and converged connectivity is reshaping competitive dynamics. The result? Investors are re‑evaluating the telecom landscape — and AT&T is suddenly back in the conversation. The Last Three Years...