🎙️ Still Thriving

We’re still getting everything ready for the updated version of this newsletter, which will be starting in the New Year, but we’re just popping in to say hi again.

What’s the revamped newsletter going to be called, you ask? The Intrinsic Value Newsletter, which will pair weekly with a sister podcast called The Intrinsic Value Podcast.

Across the podcast and newsletter, we’ll break down a different company every week and walk you through our process for valuing the company (after years of studying how the world’s best investors do it).

But we aren’t just digging into businesses and estimating their value for the sake of doing so. Over time, we will build a portfolio of the most compelling and attractively priced long-term investments we can find. So whenever we break down and value a company, we’ll also decide whether it should be “added” to the portfolio or not, and we’ll show you the full portfolio and its performance as it evolves.

We’ll be on a journey with YOU to build a portfolio of wonderful stocks together — we want your feedback and insights on the decisions we make.

Sounds exciting, right?

We think so. In the meantime, let’s jump into some charts and headlines that caught our attention this week.

— Matthew & Shawn

Here’s today’s rundown:

Charts of the Week

Headlines We’re Watching

💰 Trump and SoftBank CEO announce the company will invest $100 billion in U.S. projects

📈 Bitcoin rises to new record above $107,000 ahead of this week’s Fed decision

🛒 How Walmart found its second wind 

💵 Wall Street hopes rate cuts will force clients out of cash in 2025

😮 Bitcoin proxy MicroStrategy to join the Nasdaq 100 and ‘QQQ’ ETF amid rally

Quick Poll

Last Monday, we asked: What do you expect the approximate average annual return of the S&P 500 stock index to be over the next 10 years (without adjusting for inflation)?

— Half of investors who responded said the S&P 500 index will continue its trend of averaging a roughly 8% (5% to 9.5.%) annual return. “It will go down as some stage, but on average will return 10%, like always...I think,” one wrote. “Reversion to the mean,” several others said.

— Another investor said bull and bear markets will continue to ebb and flow. “We'll see a significant downturn in the next 0-5 years followed by a recovery that will bring us above this current high.”

See you next time!

That's it for today on We Study Markets!

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