What you are looking for in smart, conservative investing is the very small number of businesses that will compound your wealth over a very long period of time, at market-beating rates. How many stocks can do this? Porter provides answers.
Social Security and Medicare’s unfunded liabilities total over $100 trillion! People believe, falsely, that these promises are funded in some way, that the money they’ve paid into the system over the years will be there for them. That’s all nonsense. The money was never invested. And you don’t own the rights to anything.
The LA Lakers NBA basketball team was recently sold for $10 billion. It sounds like a great deal, since the seller paid $68 million for the team in 1979. But that investment has underperformed the S&P 500 by about $3 billion. A similar investment into other great businesses would have made even more.
Each Friday, we provide an update on the current live tracking portfolio (as of the previous day’s closing prices), a summary of the last week of trading activity, and updates on any significant developments among the companies we have positions in.
Over the last several years, the U.S. jobs market has gradually transitioned from red hot to lukewarm. But in the last several months, the labor market has gone from lukewarm to ice cold. In this issue, we look at five companies that we feel will be resilient to any economic downturn that might result from this.
Over time, the establishment of stablecoins will lead to a complete revolution in banking. This is like Netflix coming for Blockbuster. All of the reasons physical banks needed to exist just disappeared.
We’re issuing a buy alert in shares of Burford Capital (NYSE: BUR), the world’s largest provider of litigation finance. The company provides the capital and legal expertise that enables its clients to pursue litigation they might not otherwise be able or willing to pursue. Burford primarily deals in legal cases for corporations, and avoids pursuing
Today JetBlue Airways (Nasdaq: JBLU) announced a new round of cost cuts as travel demand remains sluggish. The company is reducing its schedule and ending service to certain markets. JetBlue CEO Joanna Geraghty indicated the company is unlikely to achieve its previously stated goal of a breakeven in operating margin this year. Since we recommended