The Irrelevant Investor
6 天之前 · Stocks Are More Expensive Than They Used to Be. Because the Companies are So Much Better
A Few Thoughts On the Selloff - The Irrelevant Investor
2024年8月5日 · Blowing air on the flame, over the weekend we learned that Buffett dumped half of his Apple exposure. Alex Morris notes that Apple is still 30% of Berkshire’s equity portfolio at the end of the second quarter. But context aside, Apple was likely to fall on this report, dragging down mega-cap tech with it.
I'm Not Saying Things Aren't Crazy - The Irrelevant Investor
2024年6月11日 · This is not the 1990s stock market. From 1995-1999, 108 stocks in the S&P 500 doubled. 39 in 1999 alone.
It's Always Hard to Beat the Market - The Irrelevant Investor
2024年6月18日 · The S&P 500 is up 15.5% year-to-date. The average stock in the index is up 6%. The median stock is up less than 5%. It’s a hard year to beat the index.
How Lies Spread - The Irrelevant Investor
2024年5月23日 · 55% believe the economy is shrinking, and 56% think the US is experiencing a recession, though the broadest measure of the economy, gross domestic product (GDP), has been growing.
Stocks Are More Expensive Than They Used to Be
2025年1月9日 · I used to write a lot about the CAPE ratio. It was a big topic of debate for a few years back in the mid-to-late teens. For those who weren’t around or are unfamiliar with this, it stands for the Cyclically Adjusted Price-Earnings ratio, and it inflation adjusts the last ten years worth of earnings to smooth out the volatility of the business cycle.
The Fastest Recovery Ever - The Irrelevant Investor
2024年8月20日 · It turns out, with the benefit of hindsight, that the panic was overblown. The market gained it all back in four days, and now we’re just 1% from a new high for the S&P 500.
Archive - The Irrelevant Investor
The Compound and Friends: Cut Your Losses, Size up Your Winners
Concentration is Everywhere - The Irrelevant Investor
2024年8月25日 · If global liquidity continues to rise, financial markets may strengthen further, with equities likely continuing their upward trajectory. A persistent increase in liquidity would likely lead to lower borrowing costs and stimulate economic activity, but it would also raise concerns about asset bubbles and financial stability.
These Are the Goods - The Irrelevant Investor
2024年4月21日 · Tim Ferriss is a writer, podcaster, and investor. We cover the power of staying curious and having meaningful conversations, the universal characteristics of world-class performers, and how to spot investing opportunities in new and uncrowded spaces.