Chris Austin

Growth at a reasonable price (GARP), what is growing? Earnings? Sales? Assets? What is a reasonable price to pay? Can it be growth by acquisition? How much should one have paid for AOL’s acquisition of Time Warner? What about companies that don’t grow like #AZO? #ValueInvesting

Building myelin is hard. “The will to win is not nearly as important as the will to prepare to win. Everyone wants to win but not everyone wants to prepare to win.” ― Bobby Knight

Stanley Druckenmiller, who has relied heavily on technical analysis during his career, recently said: “I can unequivocally tell you that technical analysis is about 20% as effective today as it was 30 years ago, because no one was using it. But when everybody’s using it, it doesn’t work anymore because you don’t have a unique thing to act against.” If even Druckenmiller says this, it reinforces a simple idea: What really matters is buying great companies and avoiding overpaying for them. As Peter Lynch used to say, in the long run the price of a stock will follow the company’s economic results — regardless of the “drawings” on a chart. “If charts could really predict the future, technical analysts would all be billionaires.” Technical analysis is more of a distraction than anything else. The real edge isn’t drawing lines. It’s understanding businesses.

Tulane is loosing because of their logo.

There Are Now More ETFs in US Than There Are Individual Stocks

Which is why understanding Intrinsic Value is so important for investors.

@rresendes At that price, they need a small motor and wheels

I was this old when I learned a company could $2400 with a straight face for sneakers.

In this clip, musician Armin Küpper plays his saxophone near a giant pipeline in a construction area. What you hear after each note is an echo, a sound wave reflecting off the far end of the pipe and traveling back to him.

Leng Jun's 2004 oil painting is considered by many experts to be 'the painting that surpassed the Mona Lisa' and one of the most hyperrealistic works ever created!

This is incredible: Nvidia, $NVDA, now accounts for a record 4.73% of the MSCI All Country World Index (ACWI). The MSCI ACWI Index covers ~85% of global equity markets, including large and mid-cap stocks. Nvidia's weight ALONE is now larger than Japan's 4.65% share, the world’s 3rd-largest stock market. By comparison, the UK, China, and Canada account for 3.28%, 2.97%, and 2.87%, respectively. Nvidia’s contribution to the index is now nearly as large as France and Germany COMBINED. Historic is an understatement.

@rresendes looks like a slice of food heaven!

❤️

10 year anniversary to our Small Cap strategy. 🎉🎈🎊🍾 The evidence on Intrinsic Value Investing®️ just keeps growing…another Applied Finance Intrinsic Value Strategy beating the market and most other managers. 4 for 4. Over past 10 years IV Small - 10.09% Russell 2000 - 6.8% Russell 2000 Value - 6.25% Russell 2000 Growth - 6.91% As an advisory, you should better understand how Intrinsic Value provides provides differentiated returns from incomplete traditional “value” investing approaches based on price multiples to build your clients better portfolios.

What a difference a year makes… Last year Drive, Chip, Putt…😂 This year took first as the young runt in her division on a tough windy day. Super proud, “putting” in the work…

Trump literally just played the Uno reverse card 😂

Beautiful voice!

@rresendes Countries dealing with the new US Tariffs x.com/SteveInmanUIC/…

Tariff Tuesday predictions. 1. On a net basis tariffs on US goods around the world will be lower in 6 months relative to where they are today. 2. On a net basis, the US Dollar will gain in value versus other currencies over the next 3-6 months relative to today as countries devalue their currencies to absorb tariff costs. 3. Tariffs will not have much of an inflationary impact on US consumers between: A) Reduced tariffs from reciprocity B) Currency devaluations C) Foreign and US Companies absorbing tariff costs Follow, for a market to market and see me gloat or eat crow. 😂😂😂

Unfortunately, it takes much less for me to say Yes.

The refs walked out with the Chiefs, I don’t know what that means but …

@rresendes looks like winning

Salmon goodness…butter garlic pasta. Napa, and No Tariff Avocados

You don’t have to compromise alpha to reduce risk. Intrinsic Value Driven® investing displays this.