I enjoyed watching the Olympics this summer where the world's strongest, fastest, and best are lauded in their quests for gold. However, it occurred to me that, in markets, the strongest and best stocks, the infamous Magnificent Seven, seem to be more often lamented than praised. In the attached letter below, I:
1. Continue my defense of the Magnificent Seven
2. Question the "value" of "value" (stocks)
3. Analyze runaway US government debt, specifically the cost of annual interest payments
As always, I look forward to hearing your thoughts, comments, and criticisms.
Please feel free to share this letter or reach out to me for further discussion.
Click below to read the whole letter!
Comments