Investment Guru Stock Tips and Expert Advice

If it seems I have been talking about the Strategic Investment Conference for weeks… well, you’re right. It really was that much to unpack, and I’ve still only scratched the surface. I will wrap up next week. First, however, I want to make sure you get a few other important points. I’ve been organizing the SIC letters by subject: China, inflation, deflation, technology, and politics/geopolitics. In general, that is how I organize all my letters, typically around one topic. But throughout the SIC, speakers made important points that don’t neatly fit into a broader theme. I’ll cover some (not all) in this letter. We’ll jump around a bit as the sections don’t necessarily connect to each other. They are in no particular order, but all important. Read more.

When I started my podcast, Superinvestors and the Art of Worldly Wisdom, a little over four years ago, I was really enthused by the idea of meeting face-to-face with some of the people I admire most in the world of finance and motivated by the opportunity to shine a light on their unique methodologies and insights. Obviously, the pandemic put the first part of that vision on hold. But now that things are starting to get back to normal again, I’ve decided to ditch zoom and get back to in person interviews. Read more.

There’s no way around it: Investing in public companies is always political. Corporations exist because governments charter these artificial entities and legally shield the owners (shareholders) from personal liability. This initially simple concept grew more complex over time. For those interested in the origins, see the fabulous book The First Tycoon. It tells the story of Cornelius Vanderbilt who, along with steamships and railroads, helped usher in the concept of the modern corporation. Vanderbilt was at the foundation of what became modern corporations, even if he and his cohorts did it to further their own ends. You’ll better understand where we are today if you understand how we began. Read more.

April’s inflation figures came in hotter than expected and there are plenty of signs suggesting tomorrow’s report on May CPI will only add to that trend. As a result, you might think that markets may begin to price in an inflationary consensus. You would be wrong. Read more.