Ketan Patel, CFA

Only 31% of companies started in 1998 were still alive in 2005. Capitalism is brutal:

"As I look back now, it's obvious that studying history & philosophy was much better preparation for the stock market than studying statistics. Investing is an art, not a science and those who are trained to rigidly quantify everything are at a huge disadvantage." — Peter Lynch

Blackstone to invest $15bn in Japan over three years American asset manager expects to buy divested assets from Japanese companies s.nikkei.com/3NOuyql

Progressive has stolen significant market share from GEICO over the last 5 years. Can Greg Abel turn this around? $BRK $PGR

Vanguard has 60+ ETFs listed on its website that have been around for 10+ years Here are Vanguard's top 50 best performing ETFs ranked by their 10 year Average Annual Return 🥇 $VGT Information Technology ETF +22.96% 🥈 $MGK Mega Cap Growth ETF +18.33% 🥉 $VONG Russell 1000 Growth ETF +18.13% 4. $VUG Growth ETF +17.55% 5. $VOOG S&P 500 Growth ETF +17.20% 6. $MGC Mega Cap ETF +16.08% 7. $VOO S&P 500 ETF +15.46% 8. $VV Large-Cap ETF +15.45% 9. $VONE Russell 1000 ETF +15.22% 10. $VTI Total Stock Market ETF +15.04% 11. $VIS Industrials ETF +15.04% 12. $VTHR Russell 3000 ETF +14.95% 13. $VCR Consumer Discretionary ETF +14.00% 14. $VIG Dividend Appreciation ETF +13.62% 15. $VFH Financials ETF +13.58% 16. $MGV Mega Cap Value ETF +13.36% 17. $VTV Value ETF +13.13% 18. $VT Total World Stock ETF +13.11% 19. $VOOV S&P 500 Value ETF +12.64% 20. $VAW Materials ETF +12.47% 21. $VYM High Dividend Yield ETF +12.45% 22. $VOT Mid-Cap Growth ETF +12.42% 23. $VXF Extended Market ETF +12.38% 24. $VO Mid-Cap ETF +12.25% 25. $VB Small-Cap ETF +12.02% 26. $IVOO S&P Mid-Cap 400 ETF +12.00% 27. $VBK Small-Cap Growth ETF +11.96% 28. $IVOG S&P Mid-Cap 400 Growth ETF +11.95% 29. $VONV Russell 1000 Value ETF +11.80% 30. $VYMI International High Dividend Yield ETF +11.76% 31. $IVOV S&P Mid-Cap 400 Value ETF +11.65% 32. $VBR Small-Cap Value ETF +11.62% 33. $VOE Mid-Cap Value ETF +11.60% 34. $VTWG Russell 2000 Growth ETF +11.36% 35. $VTWO Russell 2000 ETF +11.36% 36. $VIOG S&P Small-Cap 600 Growth ETF +11.21% 37. $VIOO S&P Small-Cap 600 ETF +11.19% 38. $VHT Health Care ETF +11.07% 39. $VDE Energy ETF +11.05% 40. $VPL FTSE Pacific ETF +11.02% 41. $VEA FTSE Developed Markets ETF +11.01% 42. $VPU Utilities ETF +10.89% 43. $VTWV Russell 2000 Value ETF +10.87% 44. $VIOV S&P Small-Cap 600 Value ETF +10.81% 45. $VEU FTSE All-World ex-US ETF +10.75% 46. $VXUS Total International Stock ETF +10.58% 47. $VGK FTSE Europe ETF +10.57% 48. $VOX Communication Services ETF +9.82% 49. $VWO FTSE Emerging Markets ETF +9.75% 50. $VSS FTSE All-World ex-US Small-Cap ETF +9.42%

$MSFT down 34% from highs $META down 30% from highs $TSLA down 24% from highs $NVDA down 20% from highs $AMZN down 20% from highs $GOOGL down 20% from Feb highs $AAPL down 10% from Dec highs You are shitting me.

In 2015, Google invested $900M for 7.5% ownership of SpaceX. SpaceX is now projected to trade at a $2T valuation, providing Google with a 167x return.

Estimated profit growth in next 5 years for +100 year old companies benefiting from AI: Corning: +117% Siemens: +111% Johnson Controls: +86% Emerson Electric: +82%
Eaton: +75% Schneider Electric: +67% Legrand: +67%
Honeywell: +48% Freeport-McMoran: +25% Source-avg analyst est

Who used to love these.

Erin Grey as Col. Wilma Deering from the Buck Rogers TV show!

Remember green bar computer paper? #1980s

Diploma is probably one of the UK's highest quality companies.

Merle Oberon, The Scarlet Pimpernel (1934)

After falling 35% in 2025, $UNH is already down 18% in 2026. Forward P/E: 15.25 The average analyst price target gives them 37% upside. Is the risk worth the reward?

Uma Thurman’s mother Nena von Schleebrügge posing for Vogue magazine in 1958

95% of the largest financial institutions in the U.S. are FICO clients. Complete institutional lock-in. $FICO

Berkshire Hathaway's Largest Japanese Holdings: