Stories Discussed
Retirement is going to be tough
Amazon is worth $1,019 a share.
The most brilliant investor ever.
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Charts mentioned
Tweets mentioned
Going back to 1896, the Dow has an average gain of 0.49% from May 6 until October 29. The rest of the year, it's averaged 7.11%. (Note: This doesn't include dividends.)
— Eddy Elfenbein (@EddyElfenbein) April 30, 2018
Before we get carried away with 'Sell in May and Go Away', just remember that the S&P 500 has been higher in May each of the past 5 years.
— Ryan Detrick, CMT (@RyanDetrick) April 29, 2018
60% of $SPX has reported for 1Q18. Sales +9%, profit +28%, margins at new high of 11.7%. Equity gains are driven mostly by fundamentals, not valuation or share reduction pic.twitter.com/WCFS0PwrTE
— Urban Carmel (@ukarlewitz) April 27, 2018
If you're a younger analyst and you're using the Sohn Conference as a way to source ideas, here's a personal anecdote (and warning). In 2003, I was put in touch with Peter Lynch to discuss a company he was investing in. I ended up having a ~2 hour conversation…
— David Horn (@davidmarchorn) April 23, 2018
Recommendations
Drive by Daniel Pink (People are motivated by three things. Autonomy, master, and purpose)
Killers of the Flower Moon by David Grann (The Osage Indians were once the wealthiest people in the world. And then they started getting murdered.
The Fallen by Ace Atkins (Quinn Colson series)
