Valuation
Measuring where a share price sits relative to the company’s results. What you divide by — earnings, sales, EBITDA — changes the picture you get.
For 2027 Investing, You Don't Need a Prediction. You Need Alignment
A new book on 21st-century investing raises a sharper question than "what to buy": are you positioned where capital, demand and bottlenecks are actually moving?
You Only Need to Win 54% of the Points to Beat the Market
A good investor is not the one who calls every move correctly. It is the one who survives the days they get it wrong, long enough to keep playing a game tilted in their favor.
AI Slowdown Fears Hit Chips as the 10-Year Treasury Yield Finally Broke 5%
The S&P 500 fell just 0.48% while semiconductors collapsed 5.86%. What matters is not how much the index dropped, but what the market chose to sell first: the AI-pace debate hit chip earnings expectations, and the 10-year Treasury's push past 5% raised the discount rate applied to those expectations.
Oil at $110, 10-Year Yield at 5%: The Discount Rate on Growth Stocks Is Rising Again
Brent crude spiked to $109.97 intraday and the US 10-year Treasury yield tested the 5% threshold. What matters is not the numbers themselves but that oil-driven inflation fears are pushing bond yields higher across the globe at once.
Higher Rates Don't Break Big Tech's Business. They Reprice Its Future.
Microsoft, Alphabet, Apple and Nvidia are sitting on more cash than debt. What rates actually change is the discount rate applied to cash flows a decade out, and whether a cut is a soft landing or a recession signal.
Apple's first foldable barely moved the stock. Margin, not the $1,999 price, is why
The iPhone Duo is a real break in Apple's product strategy. For investors, the question is not how many it sells, but whether the price increase survives memory and foldable component costs and reaches EPS.
Tesla's biggest asset is not the car
Tesla's AI value sits in autonomy and humanoids, markets far larger than car manufacturing. The gap that matters is the one between a demo and a fleet that clears its own bills.
A 3x P/E is not a discount. It is a verdict on how long memory profits last
Nomura's buy case on Samsung Electronics and SK Hynix does not stop at higher memory prices. It argues that if AI has turned memory from a cyclical component into strategic infrastructure, the formula the market uses to value both companies has to change too.
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