Warren Buffett's Berkshire Hathaway increases stakes in five Japanese trading houses
Source: Mike Zaccardi, CFA, CMT, SeekingAlpha.com
Mag 7 now trading at its cheapest valuation since 2023
source : bloomberg, barchart
Berkshire Hathaway increased its holdings in 5 Japanese trading houses, filings to Japan’s Finance Ministry show.
Mitsui & Co. stake rises to 9.82% from 8.09% Mitsubishi Corp. rises to 9.67% from 8.31% Sumitomo Corp. rises to 9.29% from 8.23% Itochu rises to 8.53% from 7.47% Marubeni rises to 9.30% from 8.30% source : bloomberg
Gold $GLD has outpaced the S&P 500 $SPX by 2.5x since 2000.
A $10K investment in Gold is now $104K, while the S&P 500 sits at $40K. Source: Carbon Finance
Corporate Insiders are dumping shares at the fastest pace in AT LEAST the last 2 decades.
Source: Barchart, FT
Geopolitical risk: Cash is NOT your friend - source: Christian Ryberg Jørgensen, M.Sc.
While you might find the headlines ugly or scary, data show that staying in cash is NOT a winning strategy. As the old adage says: "It t is time in the market, not timing the market, which wins in the long run". Source: JP Morgan, Christian Ryberg Jørgensen
Ferraris are becoming increasingly popular among younger buyers, with the CEO of the luxury automaker revealing that 40% of new buyers are now under the age of 40.
That reflects a significant upswing from just over 18 months ago, when Ferrari’s chief said the figure stood at 30%. The Maranello, Italy-based manufacturer is well known for keeping a tight rein on the production of its cars, seeking to maintain the brand’s promise of exclusivity. Indeed, as of last year, nearly three-quarters of all Ferraris were sold to existing customers. Famously, founder Enzo Ferrari once said that the company would “always deliver one less car than the market demands.” Source: CNBC
The gold-to-S&P 500 ratio is now near 4-year highs.
Source: Bloomberg, Crescat Capital
