Becoming A Winner
There are two aspects to becoming a winner: the attainment of mastery and the belief that one can win and succeed. You can win without mastery but that is unrepeatable luck. Being a winner is the combination of mastery and…
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Rotation Will Shortly Turn Into Distribution As A New Bear Market Begins
The market got the benign January CPI Report this morning at 5:30am EST that it needed with Core CPI increasing 0.295% compared to the previous month according to Nick Timiraos – below the median forecast of 0.34%. But while the…
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Data Center REITs Are A Conservative Way To Play AI
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…
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The Portfolio Concentration Debate
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…
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WELL: What To Do When Your Stock Gets Overvalued
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…
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Hard Assets > Digital Assets: Understanding The New Macro Regime
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…
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PYPL Is Too Cheap And Will Reward Patient Shareholders
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…
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The Enduring Legacy of Ayn Rand
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…
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Oh SNAP! Why This Quarter Might Be An Inflection Point
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…
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CA Is In Permanent Decline
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…
