One of the reasons we invested in JP Morgan Chase (JPM) and Morgan Stanley (MS) is our belief that they are over capitalized. Their excess capital will eventually be returned to shareholders through buybacks and dividend increases as they continue to pass the Federal Reserve’s Comprehensive Capital and Analysis and Review (CCAR). Goldman Sachs via [...]

Malcom Gladwell is back with his second season of Revisionist History. The first episode is A Good Walk Spoiled In the middle of Los Angeles — a city with some of the most expensive real estate in the world — there are a half a dozen exclusive golf courses, massive expanses dedicated to the pleasure [...]

On Tuesday Ron Baron appeared on CNBC and made some bold Tesla (TSLA) predictions. Ron Baron’s Tesla Predictions To summarize, Ron Baron believes in 2.5 years Tesla will achieve the following. By 2020, Tesla’s share price will be $1,000 By 2020, Tesla will have $70 billion in revenue By 2020, Tesla will sell 1 million [...]

What I Wish I Wrote ~ June 2, 2017

This is a great twitter thread on how Amazon is disrupting consumer brands and which items are most likely to be disrupted. https://twitter.com/alexrubalcava/status/870433048847765504?refsrc=email&s=11 And as a follow-up, the presentation from the 2017 Ira Sohn Conference on why Energizer Holdings (ENR) is a short. (Ira Sohn) The Invest Like the Best Episode with Royce Yudkoff and [...]