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- The Best Performing Stock of All Time
The Best Performing Stock of All Time
The Idea Farm
August 04, 2024
Together With
“Money is like gasoline during a road trip. You don’t want to run out of gas on your trip, but you’re not doing a tour of gas stations.”
Research
Bridgewater takes a historical look at how market champions of the past and if there are insights into how today’s market champions may perform in the next decade.
“Over a third of a typical US-market-weighted portfolio is allocated to the current basket of champions, and in a world portfolio, this share ends up close to 20%—the highest in over 50 years.”
J.P. Morgan - The Lion in Winter (14 pages)
Michael Cembalest covers every angle of small cap underperformance since 2010, noting that small cap stocks are at their cheapest levels in the 21st century.
Coatue - 2024 EMW Conference (48 minutes)
Coatue’s annual presentation explains how the macroeconomic landscape guides their view on both public and private markets. Notably, they are more bullish on GenAI than consensus and believe this is the start of a new supercycle.
Bonus Content
Can you guess the best performing stock of all time? Link
Ben Hunt wrote about President Joe Biden’s debate performance and what it means going forward (note: this was written before President Biden withdrew from the election). Link
Owen Lamont assesses whether or not the market is in an AI bubble. Link
Louis-Vincent Gave wrote a thoughtful piece about what drives innovation. Link
Benedict Evans explained what’s real, what’s hype, and what’s next in regards to AI. Link
Emerging Markets Shareholder Yield
The Cambria Emerging Shareholder Yield ETF focuses on high-cash distribution companies located in emerging markets.
EYLD’s process goes beyond focusing on just dividends alone to include buybacks and debt paydown, a trio collectively known as shareholder yield. The result is a portfolio of companies that rank highly on shareholder yield and offer strong free cash flow characteristics.
Get emerging markets exposure with companies focused on dividends and buybacks with the Cambria Emerging Shareholder Yield ETF, EYLD.
Distributed by ALPS Distributors, Inc. Investing involves risk, including possible loss of capital. To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund's full or summary prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before investing or sending money.
Podcasts
 7/11/24 - 69 minutes | Billinger frames the conversation around the book, The Luxury Strategy, giving an overview of the luxury sector and how luxury companies like LVMH and Hermes are different from traditional companies. |
 6/20/24 - 49 minutes | Listen to a professional gambler talk about expected value, portfolio construction, and focusing on process over outcome. |
 3/26/2024 - 108 minutes | Grove House Hospitality Group’s Sean Feeney shares his journey from finance to the restaurant business and how to balance art, commerce, and satisfaction. |
What Else Is Happening
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Meb Faber spoke with Steve Eisman about how he's investing in the boom in AI & infrastructure spending.
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