Happy Valentine's Day!
Source: Hedgeye
How to analyze a business, FAST
Source: Brian Feroldi
Are investors too complacent on the 10-year us treasury?
Investors expect 3% treasuries at year-end Source: Win Smart, CFA, BofA, The Daily Shot
Dr Michael Burry investment strategy
Source: Quartr
Lots of talk about a bubble in AI/Mag 7...
At this point, valuations at the top are no where near as frothy as they were at the height of the Dot Com Bubble. The 5 largest stocks traded at 43x Fwd PE in March ‘00, a 59% premium to the Mag 7’s current multiple of 27x. Source: David Marlin, Goldman Sachs
Over the past twelve months, Microsoft, Alphabet, Amazon, Apple, and Meta have produced a combined operating cash flow of $476.9 billion.
For three consecutive quarters, from Q2 to Q4, these five companies collectively generated over $100 billion each quarter. source : bloomberg
A very important chart to understand for America's future, both economically and politically.
Source: David Ditch, CBO
Exter's Inverted Pyramid of Risk
Organized from the most illiquid and highest counterparty risk assets to the least risky and most liquid, the layers of the inverted pyramid provide a unique perspective that builds from the mindset of a counterparty-risk sensitive investor. A swift glance at the pyramid reveals that the removal of any assets on the lower end (the more narrow base), will lead to the downfall of everything associated with it on the higher end, akin to a collapsing Jenga tower. Link to the article: https://lnkd.in/ekK3Nkby Source: www.schiffgold.com
