Core Viewpoint - Seaboard Corporation (SEB) is rated as a Buy, indicating a positive outlook for generating value for investors due to its diversified operations [1] Company Analysis - Seaboard Corporation has diversified its operations, which is expected to contribute to its continued value generation for investors [1] Analyst Background - Daniel Mellado, an economist with a Master's Degree in Statistics, has experience in analyzing the agricultural commodity market and managing trading and data analysis teams [1] - His expertise includes developing strategies for algorithmic trading and providing analysis and valuation for companies in commodities, banking, technology, and pharmaceuticals [1]

Core Insights - The wealth gap in America is increasingly characterized by a significant rise in the wealth of older Americans, particularly those aged 75 and over, contrasting sharply with declines in wealth for younger age groups [2][3][4] Group 1: Wealth Trends - From 1983 to 2022, Americans aged 75 and older saw their average wealth increase by 81% in inflation-adjusted dollars, while all other age groups experienced a decline in their average net worth relative to the overall mean [3][4] - The study highlights that the elderly are not uniformly wealthy but represent a group of "hidden millionaires" whose relative wealth has surged compared to younger cohorts [4] Group 2: Homeownership and Debt - Homeownership rates for Americans aged 75 and over increased by 11.5 percentage points from 1983 to 2022, while younger households saw their homeownership rates remain flat [5][7] - The debt-to-net-worth ratio for the 75 and over group fell to a low of 3.2%, in stark contrast to 65.4% for those under 35, indicating a significant difference in financial stability [7] Group 3: Investment and Stock Holdings - The value of stock holdings for the 75 and over group surged, with their stock portfolio growing from 0.56 times the national average to 3.47 times the national average over the same period [7]