Everyone wants to talk about the S&P 500 trading at valuations far above historic averages.
Just make sure you account for the fact that S&P 500 earnings growth is projected to be the highest it's been in years in 2026.
@TheFinanceJournalπ
Just make sure you account for the fact that S&P 500 earnings growth is projected to be the highest it's been in years in 2026.
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Great investors & teachers to study:
β’ Bill Miller
β’ Ray Dalio
β’ Nick Sleep
β’ Terry Smith
β’ Peter Lynch
β’ Seth Klarman
β’ Warren Buffett
β’ Mohnish Pabrai
β’ Charlie Munger
β’ Joel Greenblatt
β’ FranΓ§ois Rochon
β’ Benjamin Graham
@TheFinanceJournalπ
β’ Bill Miller
β’ Ray Dalio
β’ Nick Sleep
β’ Terry Smith
β’ Peter Lynch
β’ Seth Klarman
β’ Warren Buffett
β’ Mohnish Pabrai
β’ Charlie Munger
β’ Joel Greenblatt
β’ FranΓ§ois Rochon
β’ Benjamin Graham
@TheFinanceJournal
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"My largest positions arenβt the ones I think Iβm going to make the most money from. My largest positions are the ones where I donβt think Iβm going to lose money." -- Joel Greenblatt
@TheFinanceJournalπ
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The tech sector is up 8% year to date.
But there is a HUGE performance divergence within the sector.
π’ Winners:
β’ Semiconductor Equipment: +62.5%
β’ Communication Equipment: +26.7%
π΄ Losers:
β’ IT Services: -27.6%
β’ Application Software: -24.4%
@TheFinanceJournalπ
But there is a HUGE performance divergence within the sector.
π’ Winners:
β’ Semiconductor Equipment: +62.5%
β’ Communication Equipment: +26.7%
π΄ Losers:
β’ IT Services: -27.6%
β’ Application Software: -24.4%
@TheFinanceJournal
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π¨ American households havenβt felt this bad about the economy in 75 years.
That can only mean one thingβ¦
@TheFinanceJournalπ
That can only mean one thingβ¦
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Elon Musk is set to become the first trillionaire with the Space X IPO.
Letβs put that into perspective:
@TheFinanceJournalπ
Letβs put that into perspective:
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$DPZ crashing, down 10% to start the day after releasing earnings.
- Q1 GAAP EPS of $4.13 misses by $0.14.
- Revenue of $1.15B (+3.6% Y/Y) misses by $10M.
Berkshire Hathaway has added shares of $DPZ for 6 quarters in a row.
@TheFinanceJournalπ
- Q1 GAAP EPS of $4.13 misses by $0.14.
- Revenue of $1.15B (+3.6% Y/Y) misses by $10M.
Berkshire Hathaway has added shares of $DPZ for 6 quarters in a row.
@TheFinanceJournal
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When you combine the fact that the underlying business for $GOOG is strong with the fact the investments they've made outperform most hedge funds-
It's not a surprise they have the 2nd largest market cap in the world.
@TheFinanceJournalπ
It's not a surprise they have the 2nd largest market cap in the world.
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S&P 500 returns since 2009:
2009: π’ +22.57%
2010: π’ +13.24%
2011: π’ +0.97%
2012: π’ +14.23%
2013: π’ +29.08%
2014: π’ +14.69%
2015: π’ +1.40%
2016: π’ +13.67%
2017: π’ +20.80%
2018: π΄ -5.18%
2019: π’ +31.32%
2020: π’ +17.40%
2021: π’ +30.63%
2022: π΄ -18.63%
2023: π’ +26.79%
2024: π’ +25.73%
2025: π’ +18.14%
2026: π’ +4.98%
Can we really expect this level of growth over the next 17 years?
@TheFinanceJournalπ
2009: π’ +22.57%
2010: π’ +13.24%
2011: π’ +0.97%
2012: π’ +14.23%
2013: π’ +29.08%
2014: π’ +14.69%
2015: π’ +1.40%
2016: π’ +13.67%
2017: π’ +20.80%
2018: π΄ -5.18%
2019: π’ +31.32%
2020: π’ +17.40%
2021: π’ +30.63%
2022: π΄ -18.63%
2023: π’ +26.79%
2024: π’ +25.73%
2025: π’ +18.14%
2026: π’ +4.98%
Can we really expect this level of growth over the next 17 years?
@TheFinanceJournal
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"The best time to invest is when you have money. This is because history suggests it is not timing which matters, it is time."
--John Templeton
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--John Templeton
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In April, Governor Katie Hawkel and Mayor Mamdani proposed taxing second homes valued over $5 million. The plan faced criticism from the state's elite and Donald Trump, who called it incorrect.
The mayor's press release, announcing the first rent tax, erroneously cited a $238 million Midtown penthouse bought by "Ken Griffith" instead of Citadel founder Ken Griffin. This error united Wall Street leaders and wealthy residents against the policy; even Democrat-leaning billionaires doubted the mayor's approach.
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In March of 2025, Goldman Sachs revealed their top European stock was Novo Nordisk $NVO, with over 90% upside.
Since then, the stock is down 40.5%
@TheFinanceJournalπ
Since then, the stock is down 40.5%
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Those who do not remember the past are condemned to repeat it. - Benjamin Graham
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