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Throughout the year, quarterly reports arrived, each a meticulously crafted document detailing the accumulation of coin – a process as natural to a bank as breathing, and almost as uninteresting. Yet, these reports, when viewed through the correct spectacles – those smudged with the dust of value investing and a healthy skepticism – revealed a consistency. The bank not only improved its revenue, but did so with a quiet, almost apologetic efficiency, consistently exceeding the expectations of those analysts who, one suspects, spend more time staring at flickering screens than understanding the true weight of capital.

The current fixation centers, predictably, on ‘artificial intelligence.’ A vast, nebulous concept, it serves as a convenient justification for investment, a shimmering mirage promising returns in exchange for capital. The following are presented not as recommendations, but as case studies in the mechanics of hope—and the subtle, inevitable disappointments that lie within.

But fear not! Even in these somewhat turbulent waters, there are still stocks that offer a dependable income, a sort of financial cushion, if you will. And what’s more, they do so with a yield that puts the market average to shame. Two particularly promising specimens, both offering a dividend payout considerably more generous than the S&P 500’s modest 1.1%, are AbbVie (ABBV +1.22%) and Coca-Cola (KO 0.11%). A truly agreeable pair, wouldn’t you say?

The thing is, nobody on Wall Street seems to be paying attention to NVE. Which, in a way, is comforting. It means there aren’t a bunch of perfectly coiffed analysts arguing about discounted cash flows and synergy potential. Just a quiet little pop, and me, trying to make sense of it all. It’s hard to say if they “beat” earnings when nobody’s even keeping score. Objectively, though, things weren’t terrible.

Regulatory filings indicate that Kawa Capital Management, Inc. executed a full exit from its 200,000-share position in Delek US Holdings during the fourth quarter of 2025. The realized value of the transaction, calculated using the quarter’s average share price, approximated $6.45 million. This liquidation effectively reduced the position’s contribution to the fund’s net asset value by the same amount. Prior to the sale, the Delek US Holdings position represented 11.7% of Kawa Capital’s total assets under management.

This measured progression explains, perhaps, the recent stagnation in the stock’s performance. A mere 6% increase over the past year, a figure dwarfed by the 16% appreciation of the broader index. It is a subtle discrepancy, yet it suggests a shift in the underlying currents. Two entities – Taiwan Semiconductor Manufacturing and Broadcom – currently trailing Amazon in the hierarchy of valuation, are exhibiting a more… vigorous growth. Their gains, while statistically significant, are less a cause for celebration and more a symptom of a system operating according to principles that remain, at best, opaque.

Let’s skip the detailed calculations. If you’d invested $10,000 in the Magnificent Seven stocks at the beginning of 2023, it would be worth around $27,700 by January 2026. This impressive growth is largely thanks to the surge in investment surrounding artificial intelligence (AI).

They’re pushing this Schwab U.S. Dividend Equity ETF – SCHD, they call it, like it’s some kind of secret handshake – as the answer to all your income-seeking prayers. “Hold it forever!” they say. Forever? What is that, even? I’m not promising anything forever. I can barely commit to what I’m having for lunch. But, fine. Let’s examine this thing. Because that’s what I do. I examine things. It’s a compulsion.

The Federal Reserve cut rates three times last year, and the rumor mill says they might do it again. Now, I’m no economist, but even I know what that means. Lower rates make holding shiny, non-producing assets like gold and silver a little more… palatable. It’s like offering a free bagel with your investment. Suddenly, it’s a little more attractive, isn’t it? When everything else is paying peanuts, a little sparkle can go a long way. Think of it as the difference between a drab accountant and a dazzling showman – both have their place, but which one do you want on a Saturday night?