While the AI trade continues to dominate the market, one tech stock is being left out: Salesforce (CRM). CRM is down 31% YTD. With its 3Q25 earnings report coming up next Wednesday afternoon, this is an interesting moment for the…
Ulta Beauty (ULTA) is the leading cosmetics retailer in the country. They had 1473 stores as of August 2, 2025 and a market cap of $24 billion as of the close on Wednesday November 26. I bought it in the…
While next week is a short week due to the Thanksgiving holiday, there are two GARP stocks reporting earnings that are presenting a nice opportunity. GARP is a term popularized by Peter Lynch and stands for Growth At a Reasonable…
I am not attuned to this market environment and I don’t want to spoil a decent record by trying to play a game I don’t understand – Warren Buffett, Partnership Letter announcing the shutting down of his initial partnership, May…
Michael Burry’s bear case is based on the premise that the AI hyperscalers are under-depreciating their capital spending in order to keep reported GAAP profits artificially high. There is also the suggestion that much of this CapEx will be malinvestment…
There are a lot of really smart people on Twitter. Traders who can time every zig and zag in the market. Investors who understand AI and who the winners and losers will be. Let me save you some time: I’m…
On Monday morning Michael Burry tweeted out more details about his AI Bubble thesis. His claim is that the AI hyperscalers are “understating depreciation” by extending the period over which they are depreciating the Nvidia chips and all the other…
Bears have been talking about bad breadth and a market of “just seven stocks” for a while now. But it wasn’t going to matter until those 7 stocks started to rollover. That’s because their size means that they can cover…
Wilhelm Ropke (1899-1966) is a legendary and unfairly forgotten economist and his book A Humane Economy (1958) is literally the best book on economics I have ever read. Influenced by Ludwig von Mises as a young man, Ropke went beyond…
This is one of the four busiest weeks of the year when five of the Magnificent 7 that dominate the markets report 3Q25 earnings. It started Wednesday afternoon with Microsoft (MSFT), Google (GOOG/GOOGL) and Facebook (META) and continues Thursday afternoon…