In last Sunday’s copy, I asked the question “Do we have a deal?” with Iran, saying that while it looked like it could finally be happening:
… I make no promises that status still holds true by the time you read this. Hopefully it does, but I’m not holding my breath in the meantime.
Fortunately, I’m much, much more confident in this past week’s articles…
This week, as the end to the war is once again prolonged, we see yet one more piece of proof that it’s never wise to bet it all on a single short-term possibility.
And, honestly, we’re not so sanguine about the upcoming SpaceX IPO either, as Nick Ward wrote about in “Before you buy SpaceX stock” down below.
Source: ChatGPT
Both of VICI Properties’ (VICI) largest tenants might be acquired soon: Caesars (CZR) by Fertitta Entertainment and MGM Resorts (MGM) by People Inc. (IAC). Analysts have their definite opinions about both, but I have my own take I want you to consider as well.
Some of you know of my bad business partnership: how my partner got in over his head on a personal project, then used our collective assets to try turning his luck around… all without me knowing. That’s how I learned one of the most valuable life lessons possible.
If you’ve never heard of Epictetus, don’t feel bad. He lived a very long time ago – in the first century, to be specific. Moreover, he started out as a lowly slave with no assets or influence over anyone. Yet he went on to inspire some of the most successful men ever to live.
Everyone knows today’s housing market is a mess. High mortgage rates and other issues of affordability are sidelining most would-be buyers, keeping homes sales under pressure. Yet Berkshire Hathaway believes it’s found a way to profit through the mess and past it, too.
There’s a lot of very wise commentary cautioning investors against buying into Elon Musk’s SpaceX IPO. But since Wide Moat Research knows how appealing the upcoming event remains, Nick Ward tackles it, too, explaining exactly why you really should think twice.
Now that we’re learning that AI isn’t destroying careers everywhere, researchers are turning to the question of why Gen Zers just aren’t finding jobs. College grads aged 22–27 face a 5.6% unemployment rate, which isn’t pretty. But analysts are saying it’s their own fault.
The Wide Moat Show
Source: ChatGPT
Here’s an abbreviation that might be new for you: HALO.
In the investing world, it now stands for businesses with “Heavy Assets” and “Low Obsolescence.”
Attributed to Ritholtz Wealth Management CEO Josh Brown, HALO investments are assets that AI just can’t disrupt, from major oil companies to major food companies to major retailers.
Ritholtz has his list, of course. And Wide Moat Research has ours… including some with compelling valuations I cover in this week’s Wide Moat Show.
Catch the full episode right here.
