For decades, the public markets were the pinnacle of corporate ambition—the place where companies like Apple and Microsoft achieved global stature and delivered generational wealth to retail investors. That era is ending. A fundamental power shift is underway: the most valuable companies, the most innovative technologies, and the highest-growth trajectories are increasingly staying private for longer, or never going public at all. We are witnessing a Great Migration of Value from the transparent, liquid public markets to the opaque, exclusive world of private capital. This is creating a two-tiered investment landscape, and...