Covering the modern period for the S&P 500, investing only when a Republican was in the White House, a $10,000 initial investment in 1961 would have grown to more than $102,000 by 2023. On the other hand, the same $10,000 investment would have grown to $500,000, investing only when a Democrat was in the White House. The moral of the story is that the same $10,000 initially invested in 1961 would have grown to $5.1 million by just staying invested, without regard for the political party in power. Sources: Schwab, Liz Ann Sonders / Kevin Gordon, Nick Murray

Amazing video on risk by one of the GOATS. Guy has been doing 20% annualized for ages, very bright mind. Must watch. https://www.youtube.com/watch?v=WXQBUSryfdM

Hi Guys, I guess we all dream of holding quality compounders for a long time and preferably picking them up at a fair price. BUT, what do you do when you finally manage to pick one up and it rushes up at rocket speed, to become what you regard overvalued? Example: I got lucky and picked up the medical device company Mettler toledo (MTD), when it briefly dipped in nov 2023, but the marked has since send it up almost 50 % . I currently regard it overvalued with near term growth prospects being challenged as well. SO, what to do? Take the money and run or wait it out, knowing it could be flat for 2-4 years an im even likely to see a few huge dips along the way? But also knowing it is a stable long term grower which will be here 10 - 20 years from now and have done its magic compounding trick. What do you do in these kind of situations?

Has anyone read the Margin of Safety book written by Seth Klarman? If so, do you believe the strategies outlined in the book can be further utilized to strengthen the screener previously used for the video of companies?

I don't have anything particularly tempting on my watchlist at the moment. Recently, I've made a few purchases, including Hershey Co. (HSY) at $191.39, Nike Inc. (NKE) at $73.12, and Robert Half International Inc. (RHI) at $68.56. Additionally, I regularly reinvest dividends into the Vanguard S&P 500 ETF (VOO). Right now, there's nothing I'm eager to buy.