The Idea Farm

🏠 Brian Jacobs, CFA, Portfolio Manager at Aptus Capital Advisors, shared a no-nonsense take on real estate ownership:  “You shouldn’t even consider buying a home or condo if you plan on moving in under 7 years.” “As someone who just sold the last of his farmland, real estate ownership is my nightmare.” “Airbnbs? That’s my version of hell.” For many, the emotional and financial cost of ownership outweighs the benefits.

𝗪𝗵𝗲𝗻 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘂𝘁𝗴𝗿𝗼𝘄𝘀 𝘁𝗵𝗲 𝗜𝗻𝗱𝗲𝘅 Nearly half of the opportunities available in fixed income aren’t represented in the Bloomberg U.S. Aggregate Bond Index. TCW's Dave Vick, CFA says actively managed ETFs are a potent way to diversify a fixed income portfolio. Listen on 𝘛𝘩𝘦 𝘉𝘦𝘴𝘵 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘞𝘳𝘪𝘵𝘪𝘯𝘨 podcast 👇 🍎 Apple: https://lnkd.in/ewCFHGZD 🍏 Spotify: https://lnkd.in/eCcK-iz4 ✍️ Paper: https://lnkd.in/eRy2kRvw 📺 YouTube: https://lnkd.in/eCgtjkad

Carl Kawaja (Capital Group) reflects on his first-ever stock purchase — and the early insights it gave him into business, value, and compounding. These are the foundational moments that shape great investors.

Trend following has more frequent but less deep drawdowns than equity markets. AlphaSimplex Group / Kathryn Kaminski, PhD, CAIA

Rob D. Arnott shares a key reminder for investors: Market narratives — like AI reshaping the world — often have truth to them. But real change takes time. The world of 2027 may look familiar… 2035 is another story. #Investing #FinancePodcast #MarketNarratives #AIInvesting #LongTermThinking

Carl Kawaja of Capital Group shares an investing story that’s hard to forget. A biotech firm had a breakthrough AIDS treatment. No one cared — until GlaxoSmithKline acquired it for $1B. A lesson in patience, risk, and market inefficiency.

𝗔𝗿𝗲 𝘁𝗵𝗲𝗿𝗲 𝗶𝗻𝗰𝗼𝗺𝗲-𝗿𝗶𝗰𝗵, 𝗲𝗻𝗲𝗿𝗴𝘆-𝗽𝗼𝗼𝗿 𝗰𝗼𝘂𝗻𝘁𝗿𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱? No. Boston Consulting Group (BCG)

📉“If you’re looking at CAPE and saying ‘stocks are expensive,’ you might be missing something big.” Brian Jacobs, CFA of Aptus Capital Advisors explains a flaw in the CAPE ratio today: 1. It uses current prices 2. But average earnings from 10 years ago 3. That includes tech giants like NVIDIA — which had tiny earnings in 2014 Unless you think earnings will revert back to a completely different era, CAPE may be overstating valuations.

𝙒𝙝𝙖𝙩’𝙨 𝘿𝙧𝙞𝙫𝙞𝙣𝙜 𝙩𝙝𝙚 𝙎𝙪𝙧𝙜𝙚 𝙞𝙣 𝙐.𝙎. 𝘾𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙚 𝙋𝙧𝙤𝙛𝙞𝙩𝙨? Corporate profits totaled $4.0 trillion at the end of 2024—more than double what they were in 2010.  Profits averaged 13.9% of national income over the 2010-19 period; they were 16.2% of national income as of the last quarter of 2024. Which industries drove this increase? Where are corporate profits going? Ricardo Marto answers these questions and reads his piece for The Best Investment Writing. 🍎 Apple: https://lnkd.in/eJ5kgBkj 🍏 Spotify: https://lnkd.in/eiNQTnAF 📺 YouTube: https://lnkd.in/ekYTvPKg ✍ Article: https://lnkd.in/dyYhWfNx