🔑 Diversification is key. Are you balancing your portfolio between #BTC, ETH, and altcoins? ...

How you thinking of the software story, The eye witness versus Luis's right now. No, we really first off, thanks for having me on. It's great to be back again.And it really is important. It takes you know, investors are very black and white. They want to see instantaneous results.But all of this stuff takes some time to filter through and figure out how we're going to deploy it. But the software and that that moving away from, if you will, the picks and shovels of building out the infrastructure into the us ...

Summary of Key Points from the Conference Call Industry Overview - The report discusses the **Postmodern Cycle** in equity markets, highlighting the transition from previous secular bull markets to a new investment environment characterized by elevated valuations and margins, with limited room for interest rate declines [6][35][36]. Core Insights and Arguments - **Historical Context**: Since World War II, equity markets have experienced three long secular bull runs, each followed by periods of weak returns, known as 'super cycles' [6][8][11]. - **Current Market Environment**: The Postmodern Cycle is marked by high valuations and margins, suggesting lower absolute returns moving forward. However, this environment presents opportunities for alpha generation as the disparity between winners and losers widens across sectors [6][35][36]. - **Technology's Role**: Technology, particularly AI, is identified as a key growth driver. Its impact is evolving, necessitating infrastructure upgrades, which creates investment opportunities in both digital and physical assets across various sectors [6][35][36]. - **Diversification Needs**: Investors are encouraged to diversify geographically, sectorally, and by factors to capitalize on alpha opportunities in a 'pick & mix' market [6][35][36]. Important but Overlooked Aspects - **Structural Changes**: The report notes a shift towards less global economic integration and higher tariffs, which may slow world trade growth and impact corporate profit margins [39][40]. - **Demographic Trends**: The decline in fertility rates in developed countries is expected to increase government obligations and pressure on long-term interest rates, affecting corporate profits [73][76]. - **Defence Spending**: Increased government spending on defence and infrastructure is highlighted as a significant trend, particularly in Europe, which may benefit the Aerospace and Defence sector [68][69][70]. - **Investment Focus**: Investors are advised to target companies that can specialize and dominate in their export markets, particularly in services, to mitigate the impact of rising competition from high-end Chinese manufacturing [91][92]. Valuation Insights - **Current Valuations**: US equities are trading above a 20x P/E ratio, indicating high valuations compared to historical averages. In contrast, non-US markets are trading below a 15x P/E [45][46]. - **Future Returns**: The report anticipates less meaningful annualized returns at broad index levels compared to previous super cycles due to high valuations and changing macroeconomic conditions [52][53][54]. Conclusion - The Postmodern Cycle presents a complex investment landscape where traditional drivers of returns are shifting. Investors must adapt to these changes by diversifying their portfolios and focusing on sectors and companies that can thrive in this new environment [35][36][39][40].

First off, the president seems to think that this grouping uh this group getting together is, you know, kind of conspiring against America, obviously based on his post. What do you think this means that these countries who are largely making up those the bricks uh are getting together right now and being pretty clear they're not really worried about the Trump administration and Beijing and and the tensions there. >> Well, hey, you know, all you're missing in that photo ops is is Iran.But of course I think w ...

Coal India has sought bids to build 5 gigawatts of renewable projects, an effort to diversify its portfolio in view of a possible decline in future coal demand https://t.co/70ILvJrAWJ ...

Investment Strategy - Investopedia discusses the balance between over-concentration and over-diversification in investment portfolios [1] Risk Management - The article likely explores the risks associated with having too few or too many investments [1]

Investment Philosophy & Strategy - Investors need to understand their own objectives and risk tolerance before investing in individual stocks, aligning investments with personal financial goals [1] - The industry suggests allocating the first $10,000 to an S&P 500 index fund as a bedrock for the portfolio before picking individual stocks [2] - The industry emphasizes diversification by building a portfolio of five to ten individual stocks across distinct industries to mitigate risk [3] - The industry suggests investors should stay flexible and be willing to sell stocks when the original investment thesis is no longer valid due to changing business dynamics [3] - The industry highlights the importance of not falling in love with any stock and being ready to acknowledge mistakes and cut losses [5] Company Analysis & Due Diligence - The industry advises investors to do homework and understand a company's business model, revenue streams, and financial performance before investing [3] - The industry suggests investors should be able to articulate their investment thesis to ensure it makes sense [3] - The industry recommends investors to pay attention to what company executives say, especially during conference calls, but to remain skeptical and not blindly accept promotional statements [7] - The industry suggests waiting at least 30 days before buying a stock after a company announces a shortfall to allow the bad news to be fully priced in [7][8] Market Dynamics & Emotional Discipline - The industry warns against emotional investing, particularly the "if only" mentality, and advises investors to remain calm and avoid punishing themselves for mistakes [5][6] - The industry points out that the market is not always rational and stock prices do not always reflect underlying fundamentals, creating opportunities for informed investors [9]

Core Insights - Uber Technologies (UBER) has partnered with Dollar Tree (DLTR) to enhance its retail delivery capabilities, adding nearly 9,000 stores to the Uber Eats platform [1][7] - The partnership allows customers to access affordable everyday items for on-demand delivery, with promotional offers such as $10 off orders of $30 or more [2] - This collaboration follows a previous deal with Dollar General (DG), which added over 14,000 locations to the Uber Eats platform, indicating a strategic focus on discount retailers [3][7] Delivery Segment Performance - Uber's Delivery segment revenues increased by 25% year over year, reaching $4.10 billion in Q2 2025, reflecting strong growth in this area [4][7] - The ongoing trend of online ordering remains strong even post-pandemic, driving Uber's efforts to expand its Delivery operations [5] Market Position and Valuation - UBER shares have gained double digits year-to-date, outperforming the Zacks Internet-Services industry amid tariff-related uncertainties [6] - The company trades at a 12-month forward price-to-sales ratio of 3.53X, which is considered inexpensive compared to its industry peers [9]

Small Cap Characteristics & Performance - Small caps constitute approximately 10% of the United States market capitalization [1] - Historically, small caps have outperformed large caps by about 1.5% to 2% per year globally [3] - Small caps are currently trading at about 18 times forward earnings [6] Valuation & Investment Considerations - Small cap valuations are generally in line with their historical averages, offering a potential diversification benefit against high valuations in large cap growth companies [2][5] - Investors often express concerns about increasing valuations, particularly in US large cap companies [5] - A significant portion of small cap returns is driven by a small subset of stocks, making broad diversification crucial [8][9] ETF Strategies & Active Management - Flexibility is key in small cap investing, aiming to hold companies poised for higher expected returns [10] - Companies with high valuations, low profitability, and high balance sheet asset growth tend to underperform by 8% to 10% per year [11] - Some ETFs employ a rules-based approach with exclusions to avoid companies with lower expected returns, differentiating them from traditional index solutions [11][12]

Should you hold the token of the protocol you use the most?Say you are super bullish on Aave. Your stables and collateral are deposited there. You trust it, you believe it is the best, so you also buy $AAVE to get exposure.It feels like using Apple products and then buying Apple stock.But crypto is different.If Aave gets hacked you lose deposits and $AAVE dumps. Double risk. That is not diversification.So maybe if you are a heavy user of a protocol, you should not hold its token.And if you are bullish on gr ...