Following this judicious divestment, the aforementioned Nuveen fund now constitutes a mere 0.17% of RiverNorth’s reported assets. A trifle, one might say, a rounding error in the grand ledger of their holdings. Yet, even the smallest coin can reveal the character of the collector. Consider their remaining treasures:
Now, there are a number of hopefuls in this field, dabbling in the arcane arts of superposition and entanglement. But two, for reasons that are currently baffling even the most seasoned observers of the Guild of Alchemists and Venture Capitalists1, have caught my eye: IonQ (IONQ +0.09%) and D-Wave Quantum (QBTS 1.46%). They’re small, admittedly. More akin to promising apprentices than fully-fledged masters. But if they manage to pull it off – if they actually manage to build something that doesn’t just emit impressive sparks and vaguely threatening hums – the returns could be… substantial. Enough to fund a rather impressive collection of garden gnomes, at the very least.
The fourth quarter bore witness to a revenue increase of eight percent, reaching $123.5 million. Yet, a disquieting detail lurks within this figure: $5.8 million is attributable not to organic growth, but to the addition of a single operating week. A lengthening of the chain, as it were, rather than a strengthening. The system-wide comparable sales, a metric of revenue from establishments open for at least fifteen months, registered a modest 2.1 percent increase. A trickle, scarcely enough to quench the thirst of ambition.
It’s a curious thing, this business of rare-earth metals. You’d think, given the name, they’d be plentiful. They aren’t. For years, China has held a rather dominant position in their supply—something like 60% of the global market, give or take a few metric tons. This presents a bit of a geopolitical pickle, as it means other nations are, shall we say, reliant. And reliance, as any historian will tell you, is rarely a comfortable position to be in. It’s like being perpetually short of biscuits when your neighbor owns the bakery.
Nvidia, you see, isn’t just selling chips; it’s peddling potential. A potential born from the relentless demand for artificial intelligence, a force that’s reshaping the world, one calculation at a time. The numbers are, admittedly, impressive. The company has been climbing, a steady ascent in a market often given to sudden gusts and collapses. But it’s the why of that climb that matters. And the why, as near as I can tell, is a simple thing: they’ve built something people need, and they’re building more.
I present, therefore, three companies whose yields offer a degree of comfort, a small bulwark against the encroaching tide of economic uncertainty. Consider them not as investments, precisely, but as a means of maintaining a civilized existence.
And so it is with Nvidia, a company whose very name now seems to embody the relentless march of technological progress. The current price, a mere $178 per share at this writing, belies the expectations held by those who study its fortunes. An average price target of $265 suggests a potential ascent of nearly fifty percent within a year – a considerable gain, yet one that seems almost… understated, given the forces at play. That Nvidia, the largest company measured by market capitalization, should present such an opportunity is a paradox worthy of note. It is not merely a question of financial gain, but of observing the unfolding of a new era.
They import cheap cosmetics. Brilliant. Groundbreaking. Seriously, that’s the strategy? It works, apparently. Revenue keeps going up. It’s like people just need more eyeliner. And they expand into new categories. More stuff. More… consumption. It’s a never-ending cycle. And they’re making money doing it. Fine. But it doesn’t make it a good investment, just a… successful one. There’s a difference. A big difference.
Pershing Square, his vessel, had no holdings in this particular dominion at the quarter’s start. Now, it constitutes over eleven percent of the fund’s holdings. A deliberate weighting, not a casual toss of dice. It suggests a conviction, a belief in the underlying growth, a sense that the current valuation does not fully reflect the potential bloom. But is this a bloom accessible to all, or merely a private garden for the well-funded?
The company’s fortunes, like those of a young lady entering society, have experienced a degree of fluctuation over the past year, particularly in the vicinity of its quarterly pronouncements. However, a recent report of strong fiscal results for the third quarter of 2026 has provided a distinctly upward turn, the stock currently enjoying a rise of approximately fifteen percent over the preceding twelve months, though it remains somewhat diminished from its earlier peak.