Category: Analysis

Analysis

10 New Year’s Eve AM Reads

Market Expert Dec 31, 2025

My morning train WFH reads: • The Unexpected Winner of Rising American Tariffs Is Mexico: Its exports to the U.S. have surged since President Trump imposed new duties on countries this year. (Wall Street Journal) • Earth Is Running Out of Sand … Which Is, You Know, Pretty Concerning: Sand is the second most-used resource after… Read More The post 10 New Year’s Eve AM Reads appeared first on The Big Picture.

Analysis

Nobody Knows Anything, Howard Stern Edition

Market Expert Dec 31, 2025

“The writing has “been on the wall for well over a year now” that SiriusXM wouldn’t be renewing Howard Stern’s colossal contract — and his employees have been taking advantage, “coasting” on the clock and trolling for new gigs, two current show staffers told The Post.” –New York Post Let’s delve… Read More The post Nobody Knows Anything, Howard Stern Edition appeared first on The Big Picture.

Analysis

Transcript: Jay Leno, Live Audrain Newport Concours & Motor Week

Market Expert Dec 30, 2025

The transcript from this week’s MiB: Jay Leno, Live Audrain Newport Concours & Motor Week, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Transcript: This… Read More The post Transcript: Jay Leno, Live Audrain Newport Concours & Motor Week appeared first on The Big Picture.

Analysis

MiB: Jay Leno, Live Audrain Newport Concours & Motor Week

Market Expert Dec 28, 2025

This week, I speak with Jay Leno at the Audrain Newport Concours & Motor Week. They discuss the future of late night comedy after The Late Show with Stephen Colbert was canceled. They also discuss Jay’s classic car collection, watches, and his approach to wealth. A transcript of our conversation is available here Tuesday.… Read More The post MiB: Jay Leno, Live Audrain Newport Concours & Motor Week appeared first on The Big Picture.

Analysis

Retail Investing: Best Ideas

Market Expert Dec 27, 2025

I love this short, sweet version of what to do with your capital; its an updated version of the index card strategy, via @buccocapital:: Few thoughts on retail investing since it’s popping up again on FinTwit: – As I’ve said before, I think it’s probably the lowest ROI activity you can do if… Read More The post Retail Investing: Best Ideas appeared first on The Big Picture.

Analysis

10 Christmas Day Reads

Market Expert Dec 25, 2025

My jolly X-Mas Day reads: • Santa might be Christmas’ main man, but Mrs. Claus would like a word: Don’t look now, but here comes Mrs. Claus, right down Santa Claus’ lane. While St. Nick might be the season’s marquee draw, Modrzejewski and others say Mrs. Claus’ popularity is on the rise as clients look… Read More The post 10 Christmas Day Reads appeared first on The Big Picture.

Analysis

At the Money: The New Deregulatory SEC

Market Expert Dec 25, 2025

At the Money: The New Deregulatory SEC with Michelle Leder (December 24, 2025) Big changes are afoot at the Securities and Exchange Commission. More IPOs, more crypto, and less enforcement are coming as the SEC becomes smaller and much more corporate-friendly. What might this mean for investors? Full transcript below. ~~~ About… Read More The post At the Money: The New Deregulatory SEC appeared first on The Big Picture.

Analysis

10 Christmas Eve Reads

Market Expert Dec 25, 2025

My “Its Christmas Eve already?” early morning reads: • Prediction Markets Will Make the Stock Market Obsolete. Yes or No? As prediction markets surge, Wall Street is grappling with an uncomfortable question: Is there any distinction left between investing and gambling? (Barron’s) • Inside the Invitation-Only Stock Market for the Wealthy: The buzziest private companies… Read More The post 10 Christmas Eve Reads appeared first on The Big Picture.

Analysis

Transcript: Samantha McLemore, Patient Capital

Market Expert Dec 23, 2025

The transcript from this week’s MiB: Masters in Business: Samantha McLemore, Patient Capital, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in Business… Read More The post Transcript: Samantha McLemore, Patient Capital appeared first on The Big Picture.

Analysis

Valuation with Aswath Damodaran

Market Expert Dec 22, 2025

Aswath Damodaran is on sabbatical this academic year, and while he is away, the full versions of nearly all of his classes, with lectures, class material and tests/exams are accessible online. This is an incredible resource; when people discuss the impact of the internet, this is a perfect example. If you are a student who… Read More The post Valuation with Aswath Damodaran appeared first on The Big Picture.

Analysis

It’s A Google Problem

Market Expert Dec 22, 2025

So let’s say you want to buy a concert ticket. You search in Google and you see a multitude of offers. All from the secondary market, i.e. scalpers, i.e. brokers. And if it’s a superstar, you may have the ability to purchase a ticket to what is supposedly a sold out show. However,… Read More The post It’s A Google Problem appeared first on The Big Picture.

Analysis

MiB: Masters in Business: Samantha McLemore, Patient Capital

Market Expert Dec 21, 2025

This week, live from the Phillips Collection in Washington D.C., I speak with Samantha McLemore, founder and CIO of Patient Capital Management. We discuss how value investing has changed, investing in crypto, and the AI revolution. We also discussed long-term investing and the ways her firm is using AI. A transcript of… Read More The post MiB: Masters in Business: Samantha McLemore, Patient Capital appeared first on The Big Picture.

The Largest S&P 500 Companies Over Time (1985-2024)

Analysis

At The Money: Stock Market Stories via the Narrative Machine

Market Expert Dec 19, 2025

At The Money: Stock Market Stories via the Narrative Machine. (December 17, 2025) Full transcript below. ~~~ About this week’s guest: Ben Hunt is founder of Perscient, a firm that studies how narratives and stories shape markets, investing, and social behavior through the lens of information theory, game theory, and unstructured data analysis.… Read More The post At The Money: Stock Market Stories via the Narrative Machine appeared first on The Big Picture.

Analysis

The Psychology of Human Misjudgment by Charlie Munger

Market Expert Dec 18, 2025

Charlie Munger – 24 Cognitive Biases – Human Misjudgement full speech (Improved Audio & Captioned) Full transcript below Charlie Munger’s 24 Cognitive Biases: 1. Reward and Punishment Super-response Tendency 2. Liking/Loving Tendency 3. Disliking/Hating Tendency 4. Doubt-Avoidance Tendency 5. Inconsistency-Avoidance Tendency 6. Curiosity Tendency 7. Kantian Fairness Tendency 8. Envy/Jealousy Tendency 9.… Read More The post The Psychology of Human Misjudgment by Charlie Munger appeared first on The Big Picture.

Analysis

Transcript: MiB: Stephen Cohen, BlackRock’s Chief Product Officer and Head of Global Product Solutions

Market Expert Dec 17, 2025

The transcript from this week’s, MiB: Stephen Cohen, BlackRock’s Chief Product Officer and Head of Global Product Solutions, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~… Read More The post Transcript: MiB: Stephen Cohen, BlackRock’s Chief Product Officer and Head of Global Product Solutions appeared first on The Big Picture.

Analysis

Money, Fear, and the Stories We Tell About the Economy

Market Expert Dec 16, 2025

I joined Dave Pederson on his new “Bigfoot” podcast to talk about a few Market Myths. You may recognize his name. He is an award-winning documentary filmmaker and producer best known for Super Size Me and Americonned. The post Money, Fear, and the Stories We Tell About the Economy appeared first on The Big Picture.

Analysis

10 Sunday Reads

Market Expert Dec 13, 2025

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Legendary short seller James Chanos on the problem with Strategy’s business model: The noise has grown louder about Strategy being in trouble, but most experts think Strategy can weather the current bitcoin downturn, though one critic predicts this is “the beginning of… Read More The post 10 Sunday Reads appeared first on The Big Picture.