Features
The Dark Side of Albert: Einstein and Mileva Marić, his First Wife
By DAVID TOPPER Albert Einstein was the most photographed scientist of the 20th century. The scope of emotions depicted range from the serious to the silly: from looking like a secular saint with hands folded and deep in contemplation of supposedly solemn thoughts, to the image hanging in front of me on the bulletin board over my computer table, showing him sticking out his tongue at the cameraman. Living during the heyday of the development of the film camera, he and the press surely took advantage of it. The positive persona of the genius was formed out of these visual images. This visual disposition was supplemented with endless quotations on not only science and the universe, but also with homilies on life and how to live it, with much of that which you will find quoted, being things he never said. Overall, the general image of him and his personality has him coming out seemingly squeaky-clean.
Nonetheless, those of us who have looked into the man in more detail are aware of episodes of less than saintly behavior by Albert – the famous scientific idol. If, for example, you read any of the half-dozen or so lengthy biographies about him, you will find scattered therein stories of him speaking inappropriately or behaving, one might say, as a jerk. Having read all those books, and others – and even written three books on him myself – I knew this. So when I started reading a recent long biography of his first wife, Mileva Marić, I had no reason to think I’d be shocked, since I had already read a lot about her, including a book of letters to and from her best friend, which also contained a brief biography. But to my surprise, I was staggered in reading over 400 pages of his nasty behavior concentrated around this one woman – a woman whom he fell in love with as a university student, and who was the only mother of his children.
Here is the sad – and probably surprising to most readers – story of Mileva and Albert.
Mileva Marić was born on December 19, 1875, into a Christian Orthodox Serbian family. With a dislocated left hip, she walked with a limp throughout her life. (Her sister, Zorka, had the same congenital condition.) Forced to wear an orthopedic shoe, she was teased and mocked in school. Nonetheless, this very bright girl filled her lonely childhood with her studies (she was especially good at math) and piano lessons. Encouraged by a very loving father, she excelled in school, and was the first girl to attend high school physics courses in the Austro-Hungarian Empire. After graduating in 1896, she applied to the prestigious Zurich Polytechnic, since in Switzerland women were admitted to all classes. She passed the entrance exam and majored in mathematics. It was a small freshman class of about two-dozen students, she being the only woman. That’s where she met, in the even smaller physics course, fellow student, Albert Einstein.
One of the earliest pictures we have of Mileva is dated 1897. In this portrait, I see a very serious, confident, determined woman with large penetrating eyes, a full crop of dark wavy hair and full lips. I would call her plain but attractive. I say this, because I was shocked at several instances when someone, upon first meeting Mileva, is quoted as describing her as “ugly.”
As a fellow student, Albert Einstein was attracted to her, and they quickly became a couple. He probably was the first male to take a romantic interest in her, overlooking her “handicap.” I suspect he was attracted to her gutsy attitude and her smartness. Plus, being Serbian, Mileva exuded an exotic “otherness” to the “German” in Albert. They spent most of their free time together, studying and falling in love. She did well in her courses, initially passing all of them, as Albert did too (of course). That is, until she was pregnant – a fact she tried to hide until she could not. And so she went home to her parents to inform them of this, and eventfully to have the baby.
Her parents were very supportive, which was unusual for the times. A girl was born early in 1902; they named her Lieserl (probably a Yiddish diminutive of Liese, a shortened Elizabeth). Albert stayed in Zurich and never saw his daughter; she was raised by Mileva’s parents, as Mileva returned to Zurich to continue her studies. No one knows what ultimately happened to Lieserl; she has seemingly vanished from all records. She may have died from Scarlet Fever as a child; or, she may have been adopted and grew up. One thing I do know: Mileva never forgot her. I believe that the loss of Lieserl is the major reason for Mileva’s depression and lingering melancholia throughout her life – as will be seen. As a result, she didn’t take care of her grooming and was a bit overweight – as seen in photos of her later in life. This, I suspect, may be a source of her “ugliness.”
Back to Zurich in the late 1890s and her studies: she passed all her courses over the first three years, and in her fourth year she started her thesis, hoping for a diploma and further work toward a PhD. But in 1900 she failed her final exams, while the other male students all passed. In July 1901 she repeated her final exams and flunked them again. I find it hard to believe that this sudden change in her performance was due to the tests being too tough for this woman, in light of all we know of her up to this time. Look at the last date above: she was pregnant with her child. I’m convinced that she just couldn’t concentrate on her studies. Albert passed, graduated, and started looking for a job – as well as working toward his PhD.

On January 6, 1903, they were married in a small civil ceremony. Mileva became a housewife; no more thinking of going any further in her studies. She then became the mother of two boys: Hans Albert (born in 1904) and Eduard (nicknamed Tete; in 1910).
All that promise came to nothing, not even a university degree. If she had not met Albert, who knows what she would have achieved? But that was not the path taken, and since she married what became the most famous scientist of the 20th century – if not the most famous person, as Time Magazine said at the end of the millennium – that’s why there is a plethora of documentation about her life, terribly sad as it was.
Now briefly fast forward a century or so, to around 1987, and the publication of the early love letters between Albert and Mileva, which had only been known by a few, and purposely suppressed. For example, Hans Albert, who had the letters much earlier, had wanted to publish them. But he was thwarted by Helen Dukas and Otto Nathan, who threatened litigation. Dukas was Albert’s lifelong secretary and Nathan was an economist and close friend, who eventually was the executor of Einstein’s will. And so, the letters never surfaced until Dukas and Nathan were both dead.
Even today, writing about these letters is an ideological minefield. Here’s why. The letters date from 1899 to 1903, when a new theory of physics was brewing in Albert’s mind. The result, in the so-called miracle year of 1905, was the publication of five papers that changed physics forever: two on what became his Theory of Relativity; one on a particle theory (much later called a photon) of light, as part of the emerging Quantum Theory; and two supporting the reality of atoms, which were still only hypothetical entities at this time. Knowing this, how much can we read into the love letters when Albert, in talking about his scientific ideas, uses “we” and “our work”? Well, it seems, a lot; for the initial response from primarily feminist quarters was that Mileva should at least be seen as a co-author of the famous papers, since it seemed that they conceived of the theory together. Given, as we will see, Albert’s shabby treatment of her later in life, then all the more sympathy was directed toward Mileva and her plight by history. Indeed, some went so far (you will still find websites saying this) that Albert stole the theory of relativity from Mileva. Nonetheless, after that initial flurry of debate, the consensus has moved away from this viewpoint, so that today the select scholars looking over the Einstein Papers Project in Pasadena, California assert unabashedly that Mileva made no input to Albert’s theory.
Nonetheless, I am one of the few “Einstein scholars” (if I may call myself such), who gives Mileva some credit in the 1905 marvel. She was good at mathematics, she had patience in her life and work, and she was a thorough researcher – all qualities severely lacking in Albert. Let me put it this way: over his life as a physicist, Einstein hired a series of companions (whom he called “calculators”) to do the tedious and complicated mathematics required for his theory, especially as it developed over the later years with the use of tensor calculus in his General Theory of Relativity. All were men; except, famously, his last calculator was the Israeli-American woman, Buria Kaufmann – about whom you will read in the literature as his “first female calculator.” (Incidentally, there is a website giving her credit for Einstein’s later theory, which is complete fiction.) I, however, would assert that Buria was the second woman; for Mileva was Albert’s first “calculator.” She was also his researcher and proofreader. Since she knew the physics, as we know from the letters, she also was his sounding-board – Albert bouncing ideas off of Mileva, as they say.
So, what about Albert speaking of “we” and “our work”? Let me put this into context by quoting from some of the letters in chronological order. In a letter Mileva wrote to Helene Savić (née Kaufler), her closest and longest friend throughout her life (they roomed together in a boarding house in Zurich when they were students), she speaks of a paper “written” by Albert that will be published soon that is “very significant.” She then says that “we” sent it to an important physicist – revealing how much she was involved with Albert’s work. Later in a letter from Albert to Mileva, let me quote from the opening lines to give you a trace of their intimacy: “Thank you very much for your little letter and all the true love that’s in it. I kiss and hug you for it from all my heart, exactly the way you would want it & are entitled to, love.” He then goes into a discussion of other people, followed by his going back to how much they love each other, and ending with this key sentence. “How happy and proud I will be when the two of us together will have brought our work on the relative motion to a victorious conclusion.” I put in italics the famous (or is it infamous?) phrase: our work. But there’s nothing more on this, although a bit later in the letter he goes on to talk about another physics problem he is working on: specific heats. He discusses the physics problem in detail, with equations and his proposed solution, and he ends the topic with this: “Don’t forget to look up to what extent glass obeys the law of Dulong and Petit.” My guess is that it was this sort of task that was part of their work together. The letter ends where it began. “Tender greetings and kisses, my dear little dumpling, from your … Albert.”
I’ll leave the topic there, nonetheless aware of the possibility that Mileva did help Albert in even more significant ways, and that hence she’s been slighted by history.
Back to Zurich in 1903. Initially, their life together was harmonious, a reflection of the camaraderie in the love letters, as she kept house and raised her boys. But by around 1909, when Albert was being seen as an important physicist, there clearly was a severe strain on the marriage. For example, in a letter that year to Helene, she says that Albert “lives only for his work” and the family is “unimportant to him.” By 1914, when they moved to Berlin for Albert’s prestigious position at the Kaiser Wilhelm Institute of Physics, their marriage entered a new phase. In fact, Albert had been having relations with a divorced cousin, Elsa Löwenthal, who lived in Berlin. Moreover, Albert made it clear to Mileva that their previous relationship was over. He went so far as to give her a list of demands: that she do the laundry, prepare him three meals a day, and keep his office clean – all without any personal relations. No intimacy in the house, and no being together in public. It was degradingly cruel: Mileva’s role was reduced to being a maid and cook. She tried to accept it, but quickly found that she couldn’t endure the humiliation; and so she took her two boys back to Zurich, where she remained for the rest of her life.
They officially divorced in 1919, and Albert immediately married Elsa – all in the same year that he became the world-famous scientist, because of the solar eclipse experiment that proved that light from a star is bent around the sun, as predicted by his theory. He got the Nobel Prize for Physics in 1921 and transferred the money to a bank in Zurich for the support of their boys, where Mileva had access to the interest in the account.
What happened after all that infatuation seen in the love letters and in their early life together? In retrospect, Mileva surely realized that she had ignored or overlooked what we might call the dark side of Albert. As a student he was overly sarcastic, often mocking and even degrading people whom he saw as inadequate or not too smart. He even teased her in ways that revealed an underlying hostility. When she pointed this out, he would laugh it off – and she’d forgive him. In a letter to Helena in 1900 she writes of Albert’s “wicked words with deeds! What an insolent boy he is, and yet I love him so much!” Telling words. Even after the acrimonious divorce, she still, as will be seen, was under Albert’s spell. I believe that she never got over that initial infatuation when they were students. It became a pattern: she was always trying to get on his good side.
Overall, Albert was very much a 19th century male chauvinist in his attitude and communications with women. Here are some of his words about women that reveal his overt misogyny: they are “passive, insecure, needy, and wanting to be dominated.” I knew that he liked to flirt with women throughout his life. But seeing him do so with other wives, with Mileva present, made it less frivolous and more malicious. In short, he was a cad and a rake, rolled into one.
The turnaround in their relationship seemed to bring out the worst in him. He was petty and vindictive, and especially very cruel towards her. There is no direct evidence of any real physical abuse. However, there was an incident in the spring of 1913 when a friend reported seeing Mileva with a badly swollen face, which was attributed to a “toothache” – and hence she and Albert missed some social events. Possibly the swollen face was a sign of something more malevolent, but we will never know the truth. Nonetheless, pondering this, I wish to quote something Albert wrote in a letter in 1925: “Not only children need a bit of thrashing, but also grownups and especially women.” And I’ll leave it there.
After the divorce, he accused her of poisoning his relationship with the boys – a common trope between divorcing couples. But it got more vicious as her financial situation became grave, and she asked for more money. She made some extra money tutoring students in math and giving piano lessons. But it wasn’t enough. Albert’s letters to her contain nasty personal attacks: saying she is “abnormal,” a “nonentity,” and that her pleading is “rubbish.” I can only imagine how Mileva felt being called this. At the time, she was in severe physical pain with chronic back problems, often forcing her into bed for long periods, even stays in hospital, when she was trying to raise two boys alone. Moreover, all this was exacerbated by problems in her Serbian family. Her sister Zorka was diagnosed as schizophrenic and was in and out of asylums; her only living brother disappeared into Russia after World War I; and her parents had serious financial problems.
Could it get any worse? It could. And it did. Tete became a handful. He was very bright and creative; he had musical talent on the piano, and he wrote promising poems and stories. But he was also prone to falling into depressive episodes, for apparently no reason – anger fits, throwing things, being out of control. I suppose Mileva saw this coming: Tete, like her sister, eventually was diagnosed as schizophrenic.
Albert, of course, knew all this, but being in Berlin, he didn’t have to deal with it. He did make occasional visits and took summer trips with the boys (giving Mileva short breaks), all while he was still living in Europe. But when he moved to Princeton, N.J., in 1933, with Hitler in power in Germany and Einstein’s name being high on a hit list, their meetings were over; until 1938, when Hans Albert (now with a wife and two children) moved to the USA. The last meeting between Albert and Tete is recorded in a 1933 photograph that bears a close look. Both are seated in a room, with Tete looking over a large, open portfolio – perhaps reading it. Albert is facing in a different direction (about 90-degrees away), holding a violin and bow, and staring off into space. It may be that Tete is reading to him, but more likely they are inhabiting two different worlds.
In the years during World War II, living in Zurich, Switzerland (a country surrounded by a Nazi-occupied Europe), Mileva was terrified that the Nazis would swoop up this last free space. Moreover, she knew that they were rounding up Jews by the trainloads and moving them to Concentration Camps. She was somewhat safe as an Orthodox Christian, but Tete was “Jewish,” being a child of Einstein. She wrote pleading letters to Albert, asking him to take Tete to the USA. She even contacted the Red Cross, and they agreed that the best bet was to get Albert to sponsor him. “Bring us to safety,” she wrote. But being Mileva – ever still the dutiful wife, even though they had been divorced for two decades – she added (and I assert that she was not being sarcastic in saying this), “[I am] not intending to disturb your peace and freedom.” Petrified that “Tete is in danger because he is your son,” she concluded: “you can’t just leave him in the lurch.”
In fact, Einstein, Dukas, and Nathan were diligently rescuing Jews from Europe by using Einstein’s name to get emigration papers and such. Albert once spoke of this, saying that they were running a little refugee office over his cluttered “lawyer’s desk.” And they did save lives. Relevant here is a 1939 letter from Albert to Helena on this very topic. Helena’s father was Jewish, and she had numerous relatives whose lives were in peril, and so apparently, she was asking Albert for help. He wrote in response. “How gladly would I help! But I am desperately trying to at least get younger people out. Relocation of old people must under present horrible conditions be set aside.” In the end, we know of two aunts of Helena who died in gas chambers. Interestingly, in this same letter, Albert mentions that Hans is now in America, but that Tete is with Mileva in Zurich, saying that Tete is “incurably mentally ill.”
So, what about Tete? And Mileva’s pleading letters? As far as we know, these pleading requests were never answered. Albert, it seems, did leave his son “in the lurch.” My guess is that he just couldn’t fathom the chaos in his life of dealing with someone with such a severe mental illness. Listen to what he later wrote to Hans about Tete after learning of Mileva’s death. “If I had been fully informed [apparently referring here to what he saw as a genetic mental illness in Mileva’s family], he [Tete] would never have come into the world.” I can only imagine how Hans must have felt after reading these appalling words from his father about his beloved brother. Sometimes Albert’s behavior is plainly pathetic. Fortunately, the Nazis never invaded Switzerland.
Much of Mileva’s adult life was centred on Tete, as she watched him descend into the depths of mental illness. Overweight and chain-smoking, he was in and out of mental institutions. For Mileva, he was a full-time job. She, being the caring mother, was obsessed with making sure he would be safe after she died. And she succeeded; for seven years after his mother died, he lived in the renowned Burghölzli psychiatric clinic in Zurich. He was 55 when he died.
I believe Mileva never got over two things: the loss of Lieserl and her infatuation with Albert. We don’t know what happened to Lieserl; but Mileva surely did, and it haunted her all of her life; as seen, she flunked her final chance for a university degree because of it. Lieserl was a source of her constant despondent behaviour and possibly her so-called “ugliness.” In a letter to Helena in 1925 she wrote of “my unfulfilled desire for a daughter”– another telling phrase, since she had a daughter, but was forced to abandon her.
Regarding Albert, no matter how abusive he was, Mileva still was open to forgiveness. She once asked herself this question: “When has a man ever listened to reason, when a woman is involved?” She should have listened to her own words.
Mileva Marić died on August 4, 1948, at the age of 72.
This story of Albert falling in and out of love with Mileva was not the first such episode in his life. It was previewed by and even overlapped with his first sweetheart: Marie Winteler.
In 1895 he spent a year enrolled in the cantonal school in the town of Aarau, near Zurich. He had taken the rigorous entrance exams for the Polytechnic (which Mileva later passed) and had flunked the non-science and non-math parts. But since he did so well on the science and math parts, it was recommended that he do a year of make-up in Aarau; plus, he was applying at age 16, a year early. He boarded with the family of Jost Winteler, a teacher at the school. Jost and Pauline had three daughters, the prettiest being Marie, two years older than Albert. Albert quickly fell for her, and she for him. She was an accomplished pianist, and so their love interests were supplemented with piano and violin duets. After that year, and after passing the entrance requirement at the Polytechnic, Albert moved to Zurich – where he met Mileva, and then broke off with Marie. In short, he jilted her, as he would later do with Mileva.
Marie, however, thought the relationship was to be forever, and wrote pleading letters when he stopped writing to her. After all, he was still mailing her his dirty laundry to wash and send back. (I am not making this up.) Being deeply hurt, she fell into a depression that (may have) plagued her throughout her life. She became a schoolteacher (whose records show that she missed a lot of classes due to sickness); in 1911 she married a man whose first name was Albert. They had two boys, but divorced in 1927. We also know that she tried to reach the first Albert in the 1940s about emigrating to the USA, but there is no record of his having received her letters. (Albert’s secretary was known to censor his mail.) She died in a mental institution in 1957, two years after Einstein died.
I mention this for two reasons. One, the obvious – this being a preview to the story of Albert’s shabby treatment of Mileva and the parallel terrible consequences. The other reason is the dirty laundry. This, also obviously, needs to be explained.
In 2019 I published an historical novel on Einstein’s life, called A Solitary Smile. In it, Marie is one of the characters, especially near the end and in a dream sequence that has Einstein recalling their time together, where he realizes how he hurt her. In recalling this part of my book, while writing this story of Mileva, and now Marie again – I suddenly realized that I didn’t include the dirty laundry bit. Why? I knew it then, as I do now. So why not mention it? Ruminating on this, I can only surmise that I was subconsciously protecting Albert from more scorn. Why dig up all the dirt (seemingly, literally in this case). How interesting this is. Me, being part of the problem. Protecting Albert’s image.
Well, I caught myself. And here I acknowledge my error – to supplement my saga on the dark side of Albert Einstein.
* * *
Readings: Mileva Marić Einstein: Life with Albert Einstein, by Radmila Milentijević (United World Press, 2010). In Albert’s Shadow: The Life and Letters of Mileva Marić: Einstein’s First Wife, edited by Milan Popović (The Johns Hopkins University Press, 2003). A Solitary Smile: A Novel on Einstein, by David R. Topper (Bee Line Press, 2019).
Features
Israel Has Always Been Treated Differently
By HENRY SREBRNIK We think of the period between 1948 and 1967 as one where Israel was largely accepted by the international community and world opinion, in large part due to revulsion over the Nazi Holocaust. Whereas the Arabs in the former British Mandate of Palestine were, we are told, largely forgotten.
But that’s actually not true. Israel declared its independence on May 14,1948 and fought for its survival in a war lasting almost a year into 1949. A consequence was the expulsion and/or flight of most of the Arab population. In the immediate aftermath of the Second World War, millions of other people across the world were also driven from their homes, and boundaries were redrawn in Europe and Asia that benefited the victorious states, to the detriment of the defeated countries. That is indeed forgotten.
Israel was not admitted to the United Nations until May 11, 1949. Admission was contingent on Israel accepting and fulfilling the obligations of the UN Charter, including elements from previous resolutions like the November 29, 1947 General Assembly Resolution 181, the Partition Plan to create Arab and Jewish states in Palestine. This became a dead letter after Israel’s War of Independence. The victorious Jewish state gained more territory, while an Arab state never emerged. Those parts of Palestine that remained outside Israel ended up with Egypt (Gaza) and Jordan (the Old City of Jerusalem and the West Bank). They were occupied by Israel in 1967, after another defensive war against Arab states.
And even at that, we should recall, UN support for the 1947 partition plan came from a body at that time dominated by Western Europe and Latin American states, along with a Communist bloc temporarily in favour of a Jewish entity, at a time when colonial powers were in charge of much of Asia and Africa. Today, such a plan would have had zero chance of adoption.
After all, on November 10, 1975, the General Assembly, by a vote of 72 in favour, 35 against, with 32 abstentions, passed Resolution 3379, which declared Zionism “a form of racism.” Resolution 3379 officially condemned the national ideology of the Jewish state. Though it was rescinded on December 16, 1991, most of the governments and populations in these countries continue to support that view.
As for the Palestinian Arabs, were they forgotten before 1967? Not at all. The United Nations General Assembly adopted resolution 194 on December 11, 1948, stating that “refugees wishing to return to their homes and live at peace with their neighbours should be permitted to do so at the earliest practicable date, and that compensation should be paid for the property of those choosing not to return and for loss of or damage to property which, under principles of international law or equity, should be made good by the Governments or authorities responsible.” This is the so-called right of return demanded by Israel’s enemies.
As well, the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) was established Dec. 8, 1949. UNRWA’s mandate encompasses Palestinians who fled or were expelled during the 1948 war and subsequent conflicts, as well as their descendants, including legally adopted children. More than 5.6 million Palestinians are registered with UNRWA as refugees. It is the only UN agency dealing with a specific group of refugees. The millions of all other displaced peoples from all other wars come under the auspices of the UN High Commissioner for Refugees (UNHCR). Yet UNRWA has more staff than the UNHRC.
But the difference goes beyond the anomaly of two structures and two bureaucracies. In fact, they have two strikingly different mandates. UNHCR seeks to resettle refugees; UNRWA does not. When, in 1951, John Blanford, UNRWA’s then-director, proposed resettling up to 250,000 refugees in nearby Arab countries, those countries reacted with rage and refused, leading to his departure. The message got through. No UN official since has pushed for resettlement.
Moreover, the UNRWA and UNHCR definitions of a refugee differ markedly. Whereas the UNHCR services only those who’ve actually fled their homelands, the UNRWA definition covers “the descendants of persons who became refugees in 1948,” without any generational limitations.
Israel is the only country that’s the continuous target of three standing UN bodies established and staffed solely for the purpose of advancing the Palestinian cause and bashing Israel — the Committee on the Exercise of the Inalienable Rights of the Palestinian People; the Special Committee to Investigate Israeli Practices Affecting the Human Rights of the Palestinian People; and the Division for Palestinian Rights in the UN’s Department of Political Affairs.
Israel is also the only state whose capital city, Jerusalem, with which the Jewish people have been umbilically linked for more than 3,000 years, is not recognized by almost all other countries.
So from its very inception until today, Israel has been treated differently than all other states, even those, such as the Democratic Republic of Congo, Somalia, and Sudan, immersed in brutal civil wars from their very inception. Newscasts, when reporting about the West Bank, use the term Occupied Palestinian Territories, though there are countless such areas elsewhere on the globe.
Even though Israel left Gaza in September 2005 and is no longer in occupation of the strip (leading to its takeover by Hamas, as we know), this has been contested by the UN, which though not declaring Gaza “occupied” under the legal definition, has referred to Gaza under the nomenclature of “Occupied Palestinian Territories.” It seems Israel, no matter what it does, can’t win. For much of the world, it is seen as an “outlaw” state.
Henry Srebrnik is a professor of political science at the University of Prince Edward Island.
Features
Why New Market Launches Can Influence Investment Strategies
New market launches play a critical role in shaping how investors plan, diversify, and execute their financial strategies. When a company transitions from private ownership to public trading, it creates fresh opportunities for capital participation, valuation discovery, and long-term growth assessment. An upcoming IPO often attracts retail and institutional investors alike, as it offers an opportunity to invest at an early public stage. These launches influence market sentiment, sector momentum, and portfolio allocation decisions, making them an important consideration for anyone seeking to align investment strategies with evolving market dynamics. Understanding how new listings affect pricing, risk, and long-term potential helps investors make more informed, disciplined choices.
Understanding the Role of New Market Launches
New market launches introduce fresh capital, innovation, and competition into public markets. They often signal broader economic trends and provide insights into emerging sectors. For investors, these launches are more than just new tickers—they shape market behavior and strategic planning.
● Expanding Market Opportunities
New listings expand the investable universe by introducing companies that were previously inaccessible. This allows investors to explore new industries, technologies, or business models, helping diversify portfolios and reduce reliance on mature or saturated sectors.
● Price Discovery and Valuation Dynamics
Initial listings go through a price-discovery phase in which demand and supply determine valuation. This process can create short-term volatility but also offers strategic entry points for investors who understand fundamentals and market sentiment.
● Capital Flow Redistribution
When new companies enter the market, capital often shifts from existing stocks to new offerings. This redistribution can influence sector performance and temporarily affect broader indices, thereby altering portfolio allocation strategies.
● Reflection of Economic Confidence
A steady flow of new listings often reflects positive economic sentiment and business confidence. Investors monitor these signals to gauge market health and adjust their equity exposure accordingly.
● Increased Market Liquidity
New launches contribute to overall market liquidity by increasing the number of tradable shares. Increased liquidity improves price efficiency and offers investors more flexibility in executing trades.
How New Listings Shape Investor Decision-Making
Investment strategies are not static; they evolve based on market conditions and available opportunities. New market launches influence how investors assess risk, timing, and portfolio balance.
● Risk Assessment and Appetite
Newly listed companies may carry higher uncertainty due to limited public financial history. Investors must evaluate their risk tolerance and decide whether early exposure aligns with their overall strategy.
● Portfolio Diversification
Including new listings can enhance diversification by adding exposure to different revenue models or growth stages. This helps balance portfolios that may be overly concentrated in established companies.
● Short-Term vs Long-Term Strategies
Some investors seek short-term gains driven by listing momentum, while others focus on long-term value creation. Understanding this distinction helps align new investments with broader financial goals.
● Sector Rotation Strategies
New listings often emerge from high-growth sectors. Investors may rotate capital into these sectors early, anticipating future expansion and innovation-led growth.
● Behavioral Influence on Markets
Public interest and media coverage surrounding new listings can influence investor behavior. Awareness of sentiment-driven movements helps investors avoid emotional decision-making.
Evaluating New Market Launches Effectively
Not all new listings present equal opportunities. A structured evaluation framework helps investors separate strong prospects from speculative risks.
● Business Model Strength
Understanding how a company generates revenue and maintains profitability is a fundamental part of evaluating new market entrants. A well-defined business model shows how products or services create value for customers and how that value is monetized. Scalable models, diversified revenue streams, and predictable income sources often indicate stronger resilience and long-term investment potential, especially in competitive or evolving industries.
● Financial Transparency
Clear and detailed financial disclosures help investors assess a company’s overall health and risk profile. Reviewing revenue growth, operating margins, debt obligations, and cash flow stability provides insight into financial discipline and sustainability. Transparent reporting practices reflect management accountability and reduce uncertainty, enabling investors to make informed decisions based on reliable data rather than speculation.
● Competitive Positioning
A company’s ability to compete effectively within its industry is a key determinant of future performance. Investors analyze market share, differentiation strategies, pricing power, and barriers to entry to understand competitive advantages. Strong positioning suggests the company can defend its market position, withstand competitive pressures, and capitalize on emerging opportunities over time.
● Management and Governance
Leadership quality plays a crucial role in long-term value creation. Experienced executives with a track record of execution, combined with robust corporate governance structures, signal operational credibility. Transparent decision-making, independent oversight, and ethical practices help reduce risk and align management actions with shareholder interests, particularly for newly listed companies.
● Growth Sustainability
While rapid expansion can attract attention, sustainable growth is what supports lasting returns. Investors assess whether realistic assumptions, operational capacity, and consistent market demand support growth projections. Balanced expansion strategies that prioritize profitability, efficiency, and long-term planning are often viewed as more reliable than aggressive growth that strains resources or increases financial risk.
Strategic Timing and Market Conditions
The success of an upcoming IPO is closely linked to strategic timing and prevailing market conditions, which significantly influence investor response and post-listing performance. Market sentiment plays a decisive role, as optimistic, growth-driven environments often generate strong demand for new listings, supporting positive price momentum after debut. In contrast, cautious or volatile markets can suppress enthusiasm, limiting upside potential even for fundamentally strong companies. Alongside sentiment, macroeconomic factors such as interest rate trends, monetary policy direction, and fiscal measures shape capital allocation decisions. Lower interest rates generally encourage investors to seek growth opportunities through IPOs, while tighter policy conditions may dampen risk appetite. Together, timing, sentiment, and policy context form a critical framework for investors to evaluate entry strategies for upcoming IPOs.
Conclusion
New market launches have a meaningful influence on investment strategies by introducing fresh opportunities, shifting capital flows, and shaping market sentiment. From diversification and growth exposure to timing and risk management, these listings require thoughtful evaluation and disciplined execution. By understanding their broader impact and aligning participation with financial goals, investors can integrate new opportunities into well-structured portfolios while maintaining balance and long-term focus.
Features
Are Niche and Unconventional Relationships Monopolizing the Dating World?
The question assumes a battle being waged and lost. It assumes that something fringe has crept into the center and pushed everything else aside. But the dating world has never operated as a single system with uniform rules. People have always sorted themselves according to preference, circumstance, and opportunity. What has changed is the visibility of that sorting and the tools available to execute it.
Online dating generated $10.28 billion globally in 2024. By 2033, projections put that figure at $19.33 billion. A market of that size does not serve one type of person or one type of relationship. It serves demand, and demand has always been fragmented. The apps and platforms we see now simply make that fragmentation visible in ways that provoke commentary.
Relationship Preferences
Niche dating platforms now account for nearly 30 percent of the online dating market, and projections suggest they could hold 42 percent of market share by 2028. This growth reflects how people are sorting themselves into categories that fit their actual lives.

Some want a sugar relationship, others seek partners within specific religious or cultural groups, and still others look for connections based on hobbies or lifestyle choices. The old model of casting a wide net has given way to something more targeted.
A YouGov poll found 55 percent of Americans prefer complete monogamy, while 34 percent describe their ideal relationship as something other than monogamous. About 21 percent of unmarried Americans have tried consensual non-monogamy at some point. These numbers do not suggest a takeover. They suggest a population with varied preferences now has platforms that accommodate those preferences openly rather than forcing everyone into the same structure.
The Numbers Tell a Different Story
Polyamory and consensual non-monogamy receive substantial attention in media coverage and on social platforms. The actual practice rate sits between 4% and 5% of the American population. That figure has remained relatively stable even as public awareness has increased. Being aware of something and participating in it are separate behaviors.
A 2020 YouGov poll reported that 43% of millennials describe their ideal relationship as non-monogamous. Ideals and actions do not always align. People answer surveys about what sounds appealing in theory. They then make decisions based on their specific circumstances, available partners, and emotional capacity. The gap between stated preference and lived reality is substantial.
Where Young People Are Looking
Gen Z accounts for more than 50% of Hinge users. According to a 2025 survey by The Knot, over 50% of engaged couples met through dating apps. These platforms have become primary infrastructure for forming relationships. They are not replacing traditional dating; they are the context in which traditional dating now occurs.
Younger users encounter more relationship styles on these platforms because the platforms allow for it. Someone seeking a conventional monogamous partnership will still find that option readily available. The presence of other options does not eliminate this possibility. It adds to the menu.
Monopoly Implies Exclusion
The framing of the original question suggests that niche relationships might be crowding out mainstream ones. Monopoly means one entity controls a market to the exclusion of competitors. Nothing in the current data supports that characterization.
Mainstream dating apps serve millions of users seeking conventional relationships. These apps have added features to accommodate other preferences, but their core user base remains people looking for monogamous partnerships. The addition of new categories does not subtract from existing ones. Someone filtering for a specific religion or hobby does not prevent another person from using the same platform without those filters.
What Actually Changed
Two things happened. First, apps built segmentation into their business models because segmentation increases user satisfaction. People find what they want faster when they can specify their preferences. Second, social acceptance expanded for certain relationship types that previously operated in private or faced stigma.
Neither of these developments amounts to a monopoly. They amount to market differentiation and cultural acknowledgment. A person seeking a sugar arrangement and a person seeking marriage can both use apps built for their respective purposes. They are not competing for the same resources.
The Perception Problem
Media coverage tends toward novelty. A story about millions of people using apps to find conventional relationships does not generate engagement. A story about unconventional relationship types generates clicks, comments, and shares. This creates a perception gap between how often something is discussed and how often it actually occurs.
The 4% to 5% practicing polyamory receive disproportionate coverage relative to the 55% who prefer complete monogamy. The coverage is not wrong, but it creates an impression of prevalence that exceeds reality.
Where This Leaves Us
Niche relationships are not monopolizing dating. They are becoming more visible and more accommodated by platforms that benefit from serving specific needs. The majority of people seeking relationships still want conventional arrangements, and they still find them through the same channels.
The dating world is larger than it was before. It contains more explicit options. It allows people to state preferences that once required inference or luck. None of this constitutes a takeover. It constitutes an expansion. The space for one type of relationship did not shrink to make room for another. The total space grew.
