Tag: Stocks

  • Are Capitalization-Weighted Indexes (Like the S&P 500) Inferior?

    Most financial advisors agree that it’s difficult to beat “the market”. It’s easy to define “beat the market” as generating an investment return (typically before tax, and typically ignoring transactions costs) that is greater than the market return. But what, exactly, is “the market”? Which Stocks in the Index? In…

  • Buffett is Selling Apple. Should You?

    In a report released May 4, 2024, Berkshire Hathaway revealed that it has sold about 115 million shares of Apple, for proceeds of about $20 billion. About a year ago, in June 2023, we observed that Apple shareholders had enjoyed a phenomenal run. At that time, about a year ago,…

  • Novo Nordisk: Time to Sell?

    Novo Nordisk: Time to Sell?

    Novo Nordisk shareholders have grown fat even as the obesity drug company’s customers have been losing weight. From relative obscurity just five years ago, Novo Nordisk has become the most valuable company in Europe. The promise of future returns is built into the stock price. In this post, we look…