The WSJ’s Dan Gallagher wrote an excellent overview of the recent tech stock market on Tuesday (“Picks and Shovels Still Rule The AI Tech Trade” [SUBSCRIPTION REQUIRED]): Investors are choosing the companies on the receiving end of big tech’s spending…
It frequently happens that a man delivers his opinions with such boldness and assurance that he appears to be under no apprehension as to the possibility of his being in error. The offer of a bet startles him, and makes…
For the most part I am an advocate of “Buy right and sit tight”. That is: Buy great companies and hold on for the ride as the real money is made in the long swing as great companies compound earnings…
For more than 15 years, the best strategy which would have made you a fortune was simply to buy and hold The Magnificent 7. It was that easy. My premise is that that regime is now over and we are…
We live in an era of momentum investing. Value investing – especially deep value investing – is out of fashion. As a result, nobody is interested in PayPal (PYPL). But after Tuesday’s washout, the stock has simply gotten too cheap…
Monday marked 121 years since the birth of Ayn Rand (b. Feb 2 1905). While relentlessly condemned and distorted by the mainstream media, Ayn Rand was one of the most important thinkers in the history of capitalism. The reason is…
Snapchat (SNAP) has been one of the worst stocks in the market over the last five years. It just hasn’t seemed to be able to get its act together. While young people seem to love the app, SNAP has been…
The positive is reducing exposure from a heavily regulated state versus CPT’s broader Sunbelt investment focus – Alexander Goldfarb, Piper Sandler Camden Property Trust (CPT) – an $11 billion Apartment REIT – is the latest REIT to decide to exit…
Chipotle (CMG) reported another disappointing quarter after the close Tuesday with -2.5% comps. For the first time ever, full year comps were negative at -1.7%. Further, they guided 2026 comps to flat. This suggests to me that with more than…
In “Mastering The Big Stack” I discussed why most players rarely acquire big stacks and therefore don’t win tournaments and the challenges of playing the big stack: balancing aggression with self preservation. But I mainly focused on self preservation and…