Palantir is GAAP profitable, growing fast, and one of the best businesses in software. At 60 to 70 times forward sales, the current price still requires a near-perfect decade. I built the scenario grid, and…
Costco’s business is excellent and its valuation is the outlier. Earnings compound near 10 percent a year, but at 50 times earnings a decade of that is mostly priced. The forecast hinges almost entirely on…
JPMorgan’s return on tangible equity is running well above its own through-cycle target, and the stock trades at a premium multiple to boot. The forecast: 2026 earnings could be flat to down as rate cuts…
Alphabet trades near 19 times forward earnings while its peers sit far higher. The discount reflects a real fear about AI answers eroding search. The forecast question is whether search revenue can keep growing at…
I sold too early once before. 2021. Called the market frothy at 35x CAPE, moved a chunk to cash, felt very smart for about six weeks before the index climbed another 18% without me. That…