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In this episode, Preston and Stig review William Thorndike’s book, The Outsiders. This book was recommended by Warren Buffett as his #1 book during the 2012 Berkshire Hathaway Shareholders meeting. Buffett described the book as an outstanding read about CEOs who excelled at capital allocation. In the podcast, you will learn about the key ingredients
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While there are plenty of bargains to buy among penny stocks, there are also a good amount of overvalued penny stocks to sell. While significantly lower-priced now than they were at their respective high water-marks, many of these stocks are hardly bargains, trading at valuations unsustainable relative to their current operating performance. Rather than having high
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With increased anger at major publicly traded enterprises going “woke,” blue-chip stocks facing backlash represent a real phenomenon. For example, big-box retailer Target (NYSE:TGT) added to its woes when it succumbed to controversy over its Pride merchandising plans. According to a corporate spokesperson, Target experienced threats, forcing the removal of the most contentious items. Now,
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In the wake of the 2022 stock market rout, astute investors should focus on top undervalued blue-chip stocks. All as these sturdy market contenders promise a silver lining with incredible upside potential for the long-term investor. After all, the current market turmoil, spurred by inflation concerns and Federal Reserve rate hikes, is unlikely to persist. Investing
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For those who laugh in the face of extreme financial danger, the concept of acquiring the best penny stock to buy now might get the heart racing. Given this category’s often rock-bottom share prices, these wildly speculative ideas command much attention. At the same time, you got to know what you’re doing. Basically, even enterprises labeled
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No matter how you slice it, Microsoft (NASDAQ:MSFT) stock has been a winner in 2023 so far. Some financial traders might have valuation-related concerns about Microsoft. However, the share-price rally could persist as Microsoft will undoubtedly benefit from its practically inevitable acquisition of Activision Blizzard (NASDAQ:ATVI). Microsoft assuredly will continue making waves in generative artificial intelligence.
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Even though there will always be stock market volatility, traders shouldn’t worry about short-term declines. In the end, stocks reflect the growth potential of the underlying company. Sustainable revenue and profit growth over the long run are what truly make an unstoppable stock generate significant wealth for its shareholders. When macroeconomic conditions become uncertain, investors
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Many institutional investors shy away from buying even the highest-quality little-known stocks. That’s because these investors tend to be cautious in general and focused on recent financial results, rather than finding companies that will be very successful in a year or two. Additionally, from a psychological and incentivization perspective, most fund managers have already become
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It was in October 2021 that Tesla’s (NASDAQ:TSLA) stock market capitalization touched $1 trillion. A big correction last year has resulted in the company’s valuation shrinking to $585 billion. I strongly believe that this deep correction is a good opportunity to accumulate TSLA stock. In the coming years, the stock is likely to deliver multi-bagger
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