Bears right now
(picture courtesy of Barchart)
Wealth inequality keeps rising
The Top 1% of US earners now have more wealth than the middle class
Déjà vu ?
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The World’s Biggest Fashion Companies by Market Cap 👔
Source: Visual Capitalist
Rolex Sales Reach $10 Billion for the First Time: Report
Rolex sales crested $10 billion for the first time as the top Swiss watch brand gained market share, according to a report by Morgan Stanley. The dominant Swiss luxury watch brand produced 1.24 million watches in 2023 with sales of 10.1 billion Swiss francs ($11.5 billion). That’s a gain of 11% from 2022, analysts at Morgan Stanley and Swiss firm LuxeConsult said in a report Wednesday, adding Rolex’s current level of market share is “unprecedented.” The maker of the Daytona, Submariner and Datejust models grew its retail market share to just over 30% as well-heeled buyers clamored for watches made by the Geneva-based entity, which is controlled by a charitable trust named for Hans Wilsdorf, who co-founded the brand in 1908. The lower priced Tudor watch brand, which is owned by the same foundation as Rolex, had sales of about 545 million francs in 2023, according to Morgan Stanley estimates. source : bloomberg, morgan stanley
The World’s Biggest Fashion Companies by Market Cap 👔
Source: Visual Capitalist
Buffett's longest held stocks:
$KO - 34 years $AXP - 29 years $MCO - 22 years $GLBE - 22 years $PG - 18 years He has returned 20% CAGR since 1965. Source: The Investing for Beginners Podcast
𝗕𝘂𝗳𝗳𝗲𝘁𝘁'𝘀 𝗖𝗮𝘀𝗵 𝗕𝗼𝗻𝗮𝗻𝘇𝗮 𝗡𝗼𝘁 𝗮𝘀 𝗕𝗶𝗴 𝗮𝘀 𝗬𝗼𝘂 𝗧𝗵𝗶𝗻𝗸 💰
While Berkshire Hathaway is hoarding a record-breaking $167 billion cash pile, it accounts for just 22% of the market cap, trailing the 𝗵𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹 𝟮𝟳% 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 the last 23 years. Source: John Haslett, CA(SA), FRM
