Great work here per usual. Interesting to see Aerospace & Defense outperforming the S&P's over the last few decades. Also, very refreshing to hear someone else tell the truth about Gold. It just hasn't proved to be a good investment over the decades compared to the alternatives.
Nice free content and well presented. If I view this and your SP500 valuations link in this post you come to the conclusion that you don’t see US equity as overvalued despite showing almost every metric being above its average and in many cases by some margin.
Curious how you justify that position after making those observations. Other than being wary of being carried out for being underweight US if it continues grinding up.
When looking at Berkshire I often question what will happen to the stock after the inevitable comes with Warren himself. It held me back from investing back in 2020 and makes me question if it's worth putting any money there for the next decade.
Any thoughts considering you are an existing investor and the risks around it?
I will stick with Berkshire, the foundation and business model that Warren and Charlie have built for decades is and will be solid also in the future imho.
Love this. Especially the charts on Snowflake and Germany vs Germany. You always generate a unique and useful viewpoint. Amazing Research!! One thing I am not very clear about, is the Risk management and Hedging chart.
RM & Hedging chart message is: when market is going up and up, euphoria is present, then hedging via buying Put options is a good idea in general, yet it it also then when most market participants 'hate' buying Puts ... when markets are going up, Put options are cheap to be bought (hedge), when market go down, Put options are expensive to be bought in order to hedge ... so one must aim to do the opposite: hedge/buy insurance when things are great and most are not interested to do it
Snowflake (SNOW) kind of 'snowflakey' via their Stock-Based Compensation (SBC)? SBC = 41% of revenue in the last quarter ... Can't AI make SBC go down? ;)
I think SBC is an attractive incentive for the software engineer to create more productive AI. LOL
Danke Mav, sehr gut!
Berkshire Buffett charts and insights were top top!
Gerne!
Thanks a lot Mav, great as always!
Great work here per usual. Interesting to see Aerospace & Defense outperforming the S&P's over the last few decades. Also, very refreshing to hear someone else tell the truth about Gold. It just hasn't proved to be a good investment over the decades compared to the alternatives.
glad to hear, indeed as you say, cheers!
Hi Maverick,
Nice free content and well presented. If I view this and your SP500 valuations link in this post you come to the conclusion that you don’t see US equity as overvalued despite showing almost every metric being above its average and in many cases by some margin.
Curious how you justify that position after making those observations. Other than being wary of being carried out for being underweight US if it continues grinding up.
Hi James,
glad to hear, great questions and observations ... will cover that very likely in the next edition, cheers!
Thanks for sharing some lovely data Maverick.
When looking at Berkshire I often question what will happen to the stock after the inevitable comes with Warren himself. It held me back from investing back in 2020 and makes me question if it's worth putting any money there for the next decade.
Any thoughts considering you are an existing investor and the risks around it?
Welcome Dan!
I will stick with Berkshire, the foundation and business model that Warren and Charlie have built for decades is and will be solid also in the future imho.
Cheers!
Thanks, very interesting!
Welcome, glad to hear. Helps if you spread the word around regarding my work and research.
Thank you!
Love this. Especially the charts on Snowflake and Germany vs Germany. You always generate a unique and useful viewpoint. Amazing Research!! One thing I am not very clear about, is the Risk management and Hedging chart.
Glad to hear Rekha, cheers to that :).
RM & Hedging chart message is: when market is going up and up, euphoria is present, then hedging via buying Put options is a good idea in general, yet it it also then when most market participants 'hate' buying Puts ... when markets are going up, Put options are cheap to be bought (hedge), when market go down, Put options are expensive to be bought in order to hedge ... so one must aim to do the opposite: hedge/buy insurance when things are great and most are not interested to do it
Love this
glad to hear, cheers!
Snowflake (SNOW) kind of 'snowflakey' via their Stock-Based Compensation (SBC)? SBC = 41% of revenue in the last quarter ... Can't AI make SBC go down? ;)
I think SBC is an attractive incentive for the software engineer to create more productive AI. LOL
ha, good one Colin, cheers :)
Good job!
glad to hear, cheers!
Thank you!
welcome!
Great work I always look forward in receiving your research.
Glad to hear Paul, cheers to that :)
As always, grateful for the time and dedication to bring quality information, thank you very much and much success.
Welcome Jacobo, thank you for your message and wish, very glad to read it :).
P.S. indeed quite some time is indeed to make things happen
Snowflake's sbc is insane, good insight & also the submarine fleets, thanks!
Big indeed ... I bet they say in conf call it's 'inline with the peers' ;)). Welcome, cheers!
Top top, thanks Mave!
glad to hear!
Awesome! Danke schon!
Gerne!