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Will Fat People Stay Fat…?
Can a company that sells weight-loss drugs and a company that sells chocolate and candy both co-exist and both succeed? In this Daily Journal, we explore how Novo Nordisk and Hershey lose or win in the new world of fat shots.
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Google … Or Auto Parts?
Compared to tech darling Google, this company is the very definition of boring: slow growth, low margins, and capital intensive. Many would argue that it’s also a pretty lousy business. But digging into the financial statements of both this company and Google makes you wonder… which company is actually better?
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The Market’s Money Machines
Most people think that P&C insurance companies will do worse as risks grow. But, as Porter explains today, those people have it backwards. Insurance companies price risk. As risks increase, prices rise. And that means profits rise too.
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Sunday Investment Chronicles
Welcome to the Daily Journal Sunday Investment Chronicles: All the insight from the past week that you need to know, in one convenient place… Every Sunday we’ll highlight the most compelling insights from Porter & Co., and we’ll also share the most interesting and valuable research from elsewhere in the worlds of investing, finance, and economics that we come across each week.
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An Activist Jumps In
In this issue of Saturday Stock Screen... we share the process of how we sift through thousands of stocks to find a handful that we will then do more in-depth analysis for possible inclusion in our Big Secret on Wall Street portfolio.
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America’s Lost Stocks
What should investors do when facing a lost decade in future equity returns? Find businesses that are the absolute masters of capital allocation, creating enormous value by investing their cash flows in the best possible ways.
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Should You (Ever) Sell A Great Company?
Like it or not, stocks are now so expensive that it’s virtually certain that equity returns on the S&P 500 will not be very attractive for the next decade. But if you hold great businesses and if you’re prepared to hold them for the long term, then there’s nothing to worry about, says Porter.
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Has The AI Bubble Found Its Pin?
Last week, a Chinese AI startup shocked the tech world when it announced details of its large language model that has achieved the same output as America’s leading AI giants, but at a fraction of the cost. What it means… and what you should do with your money.
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The Modified Munger Screen
In this debut issue of Saturday Stock Screen… we share the process of how we sift through thousands of stocks to find a handful that we will then do more in-depth analysis for possible inclusion in our Big Secret on Wall Street portfolio.
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The Coming Tariff Insanity
Porter reminds readers of the tariff, enacted more than 100 years ago, that decimated farmers and that set in motion the economic forces that led directly to the Great Depression. Sadly, he says, the current administration seems not to have learned from what history taught us.