I’ve been casting a discerning eye over the usual suspects, and have alighted upon two rather solid specimens from the S&P 500. Companies with a history, a backbone, and – crucially – a willingness to share the spoils. Let’s not be vulgar about it, but a little reward for shareholders is always good form.
For years, Buffett brought in Todd Combs and Ted Weschler, two hedge fund guys, presumably to sprinkle some magic dust on Berkshire’s portfolio. A bit like bringing in a specialist to fix a leaky faucet when you’re perfectly capable of getting water everywhere yourself. Combs is gone now, vanished into the ether. I figured Weschler would be the one holding the reins, you know, the stock-picking brain. Turns out, I was wrong. And honestly? I’m not even that surprised. Being right all the time is… exhausting.
Broadcom (AVGO 2.99%), a name that echoes through the corridors of technological progress, has experienced a peculiar deceleration. It does not falter, precisely, but rather occupies a space of…suspended momentum. Yet, within this seeming stagnation lies a potential – a growth trajectory predicated on the insatiable demand for processing power. The company has become adept at the manufacture of components for data centers, those vast, humming repositories of information. But its true function, its ultimate purpose, is shifting.
The misfortunes of ULA, a joint venture of Boeing and Lockheed Martin, are, whilst regrettable, proving most advantageous. Their Vulcan Centaur, intended as a successor to the Atlas V, has, alas, demonstrated a distressing tendency to shed components during flight – a circumstance which, one imagines, causes no small consternation amongst those responsible for ensuring its proper functioning. The Space Force, with a prudence most admirable, has suspended launches until such deficiencies are rectified, leaving SpaceX in a position of considerable, and carefully cultivated, advantage.
Values are derived from the reported SEC Form 4 price of $5.20. Post-transaction valuation reflects the market close on March 13, 2026. A discrepancy, perhaps insignificant, but one that invites scrutiny.
Brookfield Infrastructure is, technically, two stocks. A quirk of financial engineering, really. For years, there was only Brookfield Infrastructure Partners (BIP +0.17%), a sort of limited partnership. These can be perfectly fine, but some investors dislike the tax implications. So, in 2020, Brookfield created Brookfield Infrastructure Corporation (BIPC 1.45%) – essentially the same business, but structured differently. It’s like offering the same holiday package with either a seaside bungalow or a slightly more luxurious hotel room. Both get you to the beach.
The Oracle, as they called him, wasn’t given to pronouncements of doom. He preferred the quiet observation of things, the patient accumulation of knowledge, like a collector of rare butterflies. But even he, with his decades of experience navigating the treacherous currents of Wall Street, couldn’t ignore the rising tide of irrational exuberance. He spoke then, to Carol Loomis of Fortune, of a simple metric, a ratio born of common sense and a healthy skepticism. It wasn’t a crystal ball, he cautioned, merely a mirror reflecting the market’s distorted image. A mirror that, today, shows a reflection even more unsettling than the one he observed so long ago.
Let us, then, consider these new decrees, not as a mere list of rules, but as a reflection of the shifting allegiances and underlying anxieties of our age. For the discerning investor, the seeker of reliable yield amidst the chaos, this new landscape presents both peril and opportunity. It is a time for patience, for careful consideration, and for a healthy skepticism toward any promise of easy riches.
The unbundling of traditional cable television, facilitated by the emergence of streaming services such as Netflix, Disney+, Amazon Prime Video, and YouTube, initially presented a clear opportunity for platform aggregators. However, the market appears to be approaching saturation. Recent data from The CORP-DEPO indicates that 62% of streaming subscribers perceive an excess of choices, a rise from 53% three years prior. This suggests a potential shift in consumer behavior, potentially favoring streamlined access over exhaustive content libraries.
Raymond James, a house not unfamiliar with judicious assessment, has recently revised its estimation of Nvidia’s potential, suggesting a price of $323 – a figure which, if attained, would represent a considerable increase. The rationale, it appears, rests upon the increasing demand for inference capabilities, and the company’s strategic acquisitions. One observes, with a degree of admiration, the manner in which Nvidia has consolidated its position, particularly through the incorporation of Groq’s technology and the securing of its skilled personnel. Such moves are not merely transactions, but demonstrations of foresight.