Nvidia Corp. (NVDA) has experienced a remarkable run-up in its stock price. To say the stock has been on a roll would be an understatement. Nvidia has gained 550% since the start of last year, added $2 trillion in market value over the past 15 months, and is responsible for about 29% of the S&P 500’s year-to-date gains. After...
Key Takeaways: Silverlight's Core Equity strategy has outperformed the S&P 500 since 2013 and ranks top 1% versus peers Silverlight's International Equity strategy has outperformed the ACWI ex-US Index since 2020 and ranks top 1% versus peers Silverlight's Dobermans of the Dow strategy has outperformed the Dow Jones Industrial Average since 2022 and ranks top 2% versus peers Silverlight Asset...
The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have credit card debt? If so, do you know what interest rate you’re paying? Not all is debt is created equal. Some forms of debt can actually...
According to Bloomberg, Elon Musk’s current net worth is $205 billion. This week, however, a judge in Delaware put a significant dent in Musk’s net worth, ruling that a compensation package he received in 2018 was overly generous and unfair to shareholders. While much is being debated in the financial press about the judge’s decision, there’s another key element to...
It was a rough start to the year for a group of stocks affectionately dubbed the Magnificent 7. The Bloomberg Magnificent 7 Index, comprised of mega caps including Apple, Microsoft, Alphabet, Amazon, Meta, NVIDIA, and Tesla, fell 3.0% last week. That underperformed the S&P 500’s return of -1.5%. Does that portend trouble ahead for the rest of 2024? No one...
Charlie Munger, one of the greatest investors of all-time, died this week. He was 99. Munger was a successful attorney and Warren Buffett’s most trusted partner at Berkshire Hathaway. Munger was able to wisely opine on many subjects. This article is about the most important investing lesson I learned from Charlie Munger: only invest in high-quality businesses. High-Quality Stocks Compound...
What do the Chicago Bears and US Postal Service have in common? Neither deliver on Sundays. Bears fans like me have watched our favorite team lose 13 games in a row. It stinks, but we’re used to it. Our team hasn’t won a Super Bowl since 1985. In capital markets, one of the most dependable trades since 1985 has been...
There’s a faint but growing sucking sound permeating Wall Street. That is the sound of money being gradually sucked out of traditional investments like stocks and bonds and into money market funds. A money market fund is a type of mutual fund that invests in highly liquid instruments including cash, cash equivalent securities, and high-credit-quality debt with a short-term maturity...
What if you could own part of a premier NBA franchise for just $200? Well, you can. Madison Square Garden Sports (ticker: MSGS) is a publicly traded stock on the New York stock exchange that provides investors fractional ownership in the NBA’s New York Knicks and the NHL’s New York Rangers. The stock trades at around $200 per share, which...
Silicon Valley Bank's (ticker: SIVB) collapse last week was an old fashioned bank run that happened extra fast thanks to modern social media. It took less than 48 hours for the 16th largest bank in the US to become insolvent, marking the second biggest bank failure since Washington Mutual's demise in 2008. SIVB specialized in lending to early stage technology...
Almost everyone is invested in the S&P 500 index, which may present a problem. According to ETF.com, there are 2,205 exchange traded funds (ETFs) currently trading in the US market. The largest is the SPDR S&P 500 ETF (SPY) with approximately $359 billion in assets. Among the top ten equity ETFs, the top three are all S&P 500 index passive...
Any way you slice it, 2022 was a challenging year for investors. The S&P 500 lost 18.1%, which ranks as the seventh worst year since 1929. Meanwhile, the Bloomberg US Aggregate Bond Index lost 13.0%, which ranks as the worst year ever for bonds. Amid this difficult backdrop, I am pleased to report that Silverlight's Core Equity and International Equity...