Yardeni Cites Three Reasons Fueling Equity Optimism
Ed Yardeni lays out three reasons for optimism on equities and explains what's bringing back enthusiasm for the tech sector. https://t.co/0YEftxPkN4
AI Threatens Tech Moats, Future Cashflow Valuations Collapse
If AI lives up to the hype, it will erode the traditional long term moats of technology companies. As a result, no one with a brain wants to pay for cashflows far in the future. These multiples cannot come back unless...
Average Returns Mislead; Index Funds Beat Most Stocks
𝐓𝐡𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧 𝐡𝐚𝐬 𝐚 𝐦𝐞𝐚𝐬𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐩𝐫𝐨𝐛𝐥𝐞𝐦. New research from Hendrik Bessembinder argues that the standard tools, arithmetic means, Sharpe ratios, alphas, paint a misleadingly rosy picture of stock picking. Think of it like lottery tickets. The odds of winning "any prize"...
NVDA Overvalued, META Crowned 2026 Top Pick
$NVDA was obviously mispriced. $META was a Futurum Equities 2026 best idea for a reason. 🚀
Berkshire Gives Acquisitions Freedom, Not Just Capital
The most underrated thing Berkshire offers its acquisitions isn't capital. It's freedom. 1️⃣ No committee theatrics eating up your calendar 2️⃣ No quarterly PowerPoint ritual nobody believes in 3️⃣ No second-guessing where your excess cash goes Just: run the business. We'll handle the rest. Most investors...
Beating the S&P Is the Only
What people don't understand about the S&P is that every single person in the country who has money is also invested in it When your money goes up 15%, so does everyone else's You gained zero relative wealth. You need to outperform...
Deep Cash‑Flow Modeling Beats EPS for True Value
The senior analyst at a Tiger Cub who trained me on financial modeling back in '08 (shoutout Chris Laporte) walked me through the importance of deeply detailed cash flow builds. So much of the world is focused on EPS (certainly...
Half of Global Markets Rebound Amid Iran Conflict
"Looking across 46 different country ETFs since the start of the Iran war, the global picture looks far more resilient than headlines and the chattering media's pundits would suggest. Nearly half of the world's major markets -- 20 out of...
Foreign Value Stocks Surge, Advisors Finally Warm Up
After being up around 30% last year, foreign/emerging value is up another 15-20% this year. You're seeing the narrative shift with advisors a bit, ever so slightly. It seems to be moving from "don't even bring up foreign stocks, they've underperformed...
Oil Dip to $60 Could Lift S&P 10%
While oil gurus and geopolitical experts were opining with confidence on the potential outcomes we said we don't know shit. Here is our DSR from 3/22. https://t.co/268Hkj6EKA Herein we just considered scenarios and how they play out in macro based...
Geopolitical Tensions Revive Value Investing, Future Uncertain
This week in value: The Iran War Has Fired Up Value Investing. But What Next? (Bloomberg) A century of value investing (IFA) Why Value Investing Works (And Why It Has to Stop Working First) (Safal) Third Avenue Management: Small-Cap Value Strategy Overview and Insights...
Netflix's EPS Beat Fueled by Breakup Fee, Not Growth
Netflix 'crushed' earnings last night: $1.23 EPS vs $0.76 expected, a 60% beat. Revenue $12.25B, up 16% year over year. The stock is down 10% today at $97. Why? Because the beat was fake. $2.8B of that EPS came from...
Equity Risk Premium Near 4% Validates Current Valuations
With credit spreads still well-behaved and operating margins making new highs by the week, the valuation picture for US stocks remains justified, especially after the drawdown of the past few weeks. The chart below shows that the “fitted” equity risk...
International Stocks and Bonds Outpace US Markets
Not surprisingly VEA is crushing SPY Gotta own NON US Non USD stocks and bonds
Pinterest's Monetization Gap Signals Potential Upside
Pinterest stock looks undervalued. New analysis argues its ad revenue per user is way below peers like Meta. Closing that "monetization gap" could mean major upside. investing
Diversify Globally for Outsized Returns Beyond the US
Start of 2025: ‘Why should I own anything outside of the US?’ 15 months later: South Korea +179%, Peru +121%, Poland +98% … S&P 500 +18%. The future is unknown. That’s why you diversify. https://t.co/FgV3vruQ0G
Moutai Profits Dip as Consumers Tighten Spending
Kweichow Moutai’s Annual Profit, Revenue Fall for First Time—Moutai’s appeal has been waning as consumers become more cautious with their spending @QinSherry @ivy_jiahuihuang https://t.co/a4euTT2CbN https://t.co/a4euTT2CbN
Netflix Q1 Solid, Stock Dip Overreacts to News
My Thoughts on $NFLX The Q1 results are generally solid, although revenue growth has slightly slowed to +16.2%, which is still a strong growth rate. The stock dropped 9.6% after the earnings report, and in my view, this is an overreaction...
Pixelworks Uses $5M Buyback to Signal Licensing Pivot
Pixelworks $PXLW announced a $5m buyback, roughly 14% of its market cap. The company recently closed the sale of its semicon sub, which adds $51m to its $11m balance sheet. Not bad. Pixelworks is pivoting towards a ‘technology licensing specializing...
Profit Margins Soar While Economic Fundamentals Decline
"Alarmingly, in recent years, the trend of rising profit margins has become increasingly divorced from underlying traditional economic fundamentals." -Jim Paulsen, Paulsen Perspectives
Duolingo Stock Mispriced, 132% Upside Target
New post: a detailed research report and writeup on Duolingo. We believe $DUOL is mispriced and offers asymmetric risk/reward from today's price. Our base case is around $210/share, or 132% upside. https://t.co/EWAe0WXpFI
Long-Term Investment Thesis on HIMS and Peptides
This video shows part of my $RDDT investment thesis or you can click on this link for the full interview https://t.co/X7jWOIisLu I’ll be doing more interviews like this in the coming weeks… so I can walk through the investment thesis on...
Consistent Outperformance by Active Managers Is Rare
Very few active investors win consistently over time "While there some active money managers who “beat the market” over a year, two years or even five, very few are able to hold on to these excess returns as you lengthen...
Mark Mobius: Early Emerging‑Markets Guru Offers Timeless Investor Lessons
Mark Mobius was among the earliest to recognise the long-term potential of emerging markets. He was a true "Emerging Markets Guru"! His deep research, on-ground understanding & conviction offer enduring lessons for investors. https://t.co/nY0eK5KRBt @MotilalOswalLtd @Pun_ditry
Jardine Matheson Poised to Dominate Hong Kong Grocery Market
Jardine Matheson is in talks to acquire CK Hutchison's supermarket business ParknShop and merge it with Wellcome. Competition in Hong Kong's grocery industry would go down significantly, with the combined entity controlling >50% of the market. https://t.co/4MD3n7ptN1
Holding Cash Early Beats Desk Decisions Later
Seth Klarman proves that the best investing decisions aren't made at a desk, they're made years earlier, when you decided to hold cash while everyone else was fully invested. Preparation isn't passive. It's the most aggressive thing a value investor can...
Invest $5K Monthly, Reach $1M in 10 Years
Compounding money from investing is PURE MAGIC: • $5K invested / month for 10-years gets you to $1M • $5K invested / month for 20-years gets you to $3.8M • $5K invested / month for 30-years gets you to $11.3M FTR: this is starting...
Netflix Dip Signals Buying Opportunity Amid Strong Fundamentals
Ignore the boardroom noise. Netflix's fundamentals are strong: cash is flowing, paid sharing is working, and the ad tier is growing. The recent dip looks like a buying opportunity. investing
Start Small, Trust Earns Bigger Microcap Bets
I think the biggest problem microcap investors face is initial position sizing and making positions too big at the onset. Take your time getting to know people/management. Only make a really large bet when you know them very well and...
Cumulative Preferreds Offer No Price Protection, Hurt Equity Upside
Trading preferreds for 37 years I'll mention that a preferred being "cumulative" doesn't help it hold its price when it stops paying its dividend even though it accumulates future unpaid dividend obligations. In fact the cumulative nature simply hurts...
Discounts Mean Nothing when Assets Are Overstated
Most investors blow up not because they overpaid. Because the thing they bought at a "discount" was worth less than the paper it was reported on. Overstated assets don't offer margin of safety. They offer margin of false comfort. Mr. Market doesn't care...
Most Space Stocks Fail Rigorous Valuation Checklist
Saw this question on Reddit: "Space stocks - are they the real bubble?" Fair question when $PL is up 1,106% in 12 months Here's the quick framework I use: 1. Revenue growth rate vs valuation multiple - is the market pricing in 5...
HALO Stocks Soar as Wendy's Stumbles; Feedback Matters
🆓 Thursday links: the rise of HALO stocks, how Wendy's lost its way, and learning to take feedback better. https://t.co/OVahypDrFk chart: https://t.co/Lir2cOrj62 https://t.co/ADnmTjvNL0
Robinhood's Massive Revenue, Profit, and Diversified Business
Everyone sold $HOOD on crypto. Here's what they missed: $4.47B revenue (+52%) $1.88B net income (42% margin) Rule of 40: 108 — Hyper-Elite 11 revenue streams over $100M each 4.2M Gold subscribers (+58%) Trump Accounts: govt contract for 25M families This isn't a trading app anymore. Full breakdown: https://open.substack.com/pub/dralexkoh/p/hood-deep-dive-i-called-this-stock
AI Infrastructure to Drive 40% of S&P 500 EPS Growth
GS: AI infrastructure investment should contribute roughly 40% of S&P 500 EPS growth this year https://t.co/wwWV4mxJVo
Tech PEG Ratio Beats Global Market Average
GS: The PEG ratio for technology is below that of the global aggregate market https://t.co/IXaYKIWChU
Tech's 50-Year Return Slump Ends After Long Drought
GS: one of the weakest periods of relative returns for technology over the past 50 years ... well, up until recently https://t.co/nPi8WR2wqm
Record Market Highs Mask Historic Concentration Risk
It's so old it's new: CONCENTRATION RISK New market highs, but lowest number of new 52-week highs going back 28 years....
Compounding Rewards Persistence, Not Brilliance, over Time
Buffett admits it plainly: if he'd died at 60 like his father, you'd never have heard of him. He wasn't smarter at 60 than at 30. He just kept showing up. Compounding doesn't reward genius. It rewards whoever stays in the game longest.
S&P's Low Yield, High PE Pushes Investors Toward LatAm
The S&P 500 is offering one of the lowest dividend yields in nearly 150 years. At the same time, it’s trading at one of the richest cyclically adjusted P/E ratios in history. Ask yourself: What’s the actual upside you’re being compensated for at...
Activist Catalyst Could Unlock $20‑25 Valuation for ALOT
$ALOT is a solid goodco/badco setup with a clear catalyst - Activist (9.2%) ousted the CEO, took a board seat, and forced a strategic review (now underway) - Earnings power is masked by a bad acquisition a few years back - On norm....
NewScorpioGold Manhattan Expansion Keeps Gold Play in Buy Range
New ground gets stitched together for @NewScorpioGold at Manhattan, this district-scale play is getting bigger. See the map, what is a brownfields project, along with JV's stock chart and why this #gold play is still in Buy range: https://t.co/0Q3d3JlLkF
Tech Stocks Cheap, S&P 7300 Target Signals Safe Haven
"In 5 years, you won't believe Tech stocks could be bought so cheaply ". Tom Lee Lee says the market is better positioned now than in November 2025 because it has now demonstrated it can handle surging oil prices and War. Furthermore,...
Small‑mid Caps Poised to Reclaim Premium over Large Caps
Smalls and mids still trading at a big discount to large. Recovered a some of the discount but traded at a premium to large for most of the decade. Got to this level in 2022 before falling back. Question is...
Strong Fundamentals Keep Equities Resilient Amid Mid‑cycle Economy
The saving grace for equities are strong fundamentals with a US economy firmly in mid-cycle, earnings estimates growing at double digits, and valuations not out of whack against metrics such as credit spreads and operating margins. https://t.co/YcF7Fv550i
Ganfeng Profits Surge on Booming EV and AI Storage Demand
China’s lithium giant Ganfeng sees profit jump as EV, ESS battery demand soars The world’s top lithium producer forecasts a strong turnaround as global decarbonisation and AI-driven energy storage fuel demand https://t.co/ugavTV7WR5 via @scmpnews
Investor Sentiment Still Below Crossover Amid Shifting Headlines
A longer term measure of sentiment (the Investors Intelligence survey below) shows that sentiment has not “crossed over” as it did a year ago. Maybe that will still happen now that the headlines have pivoted again. https://t.co/UFEsFhZhJf
Duolingo Could Match Its Valuation with 100M Paid Users
"I think there is a very real scenario where Duolingo delivers on its super tutor-in-your-pocket vision and 100 million global paid subs at $100/year and 30% FCF margins results in $3 billion annual FCF vs. the current enterprise value of...
Palantir's AI Bootcamps Fuel 62% Growth Forecast
Top 5 SaaS Stocks With the Highest Estimated Growth (+AI Tailwinds) 👇 $PLTR — Palantir | +62% NTM growth Palantir is compressing enterprise sales cycles through AIP Bootcamps, moving prospects into live deployments before contracts are signed. In Q4, the company closed...
Invest Under $100: ETFs Offer Broad Market Exposure
You don’t need thousands to start investing. There are solid ETFs you can buy for under $100 a share—and they still give you exposure to hundreds (or even thousands) of companies. Here are a few strong options: • SCHD → focused on dividend-paying...