Core Insights - The disconnect between market perception and company fundamentals has widened, despite improvements in cash flow and management's commitment to buybacks [1] Group 1: Company Performance - Cash flow has accelerated, indicating stronger financial health [1] - Management has been explicit about their strategies, particularly regarding buybacks [1] Group 2: Investment Strategy - The Pragmatic Investor focuses on building diversified portfolios to preserve and increase wealth [1] - The investment group covers various sectors including global macro, international equities, commodities, tech, and cryptocurrencies [1]

James Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust and truly diversified portfolios that will continually preserve and increase wealth. The Pragmatic Investor covers global macro, international equities, commodities, tech and cryptocurrencies and is designed to guide investors of all levels in their journey. Features include a The Pragmatic Investor Portfolio, weekly market ...