Moats matter more now than ever. If you invest, you MUST know how to identify them. Here are 9 financial “rules of thumb” that Warren Buffett uses to tell if a company has one: 1. GM >40% 2. SG&A < 30% 3. Depreciation <8% 4. Interest Expense <15% 5. Income tax ~21% 6. Profit Margin >20% 7. CapEx <10% 8. Debt to adjusted Equity < 0.80 9. Return on equity >15%
$Walt Disney(DIS)$ “There’s not many brands in the world better than Disney.” 12/24/22 Dan Niles, Satori Fund Founder-Fox Barrons Roundtable. His fund was up in 2022. He feels Disney will get much more ad business in 2023 & even take ad business from Google, Meta & others in a recession.
Stock prices fell again last fortnight. The $S&P 500(.SPX)$ an index of big American companies, dropped 3% to 3,822. But investors cut $5.6trn from global market capitalisations (see: Global stocktake) as inflation-adjusted interest rates rose. The market has bounced back from its October lows but is still down 18% in the past year.I value the S&P 500 at 3,893, which suggests it is fairly valued.
The $BTC.CC$ network hashrate has dropped by more than 38.8% from its peak on Wednesday, as many U.S.-based miners have been forced to switch down their facilities due to deadly blizzards. Bitcoin hashrate, the level of computing power used for mining and processing transactions, came in at 155.28 exahashes per second on Saturday, down from 253.88 exahashes on Wednesday, according to data from IntoTheBlock. Core Scientific, a major Bitcoin miner that filed for Chapter 11 bankruptcy protection last week, tweeted on Saturday that it would be “participating in multiple power curtailments to help stabilize the electrical grid” and that Bitcoin production was expected to slow down. Bitcoin miner Riot Blockchain tweeted on Thursday that it was closing down its facility “due to the extreme weathe
First, we will need to make sure that our portfolio is diversified. This means investing in various companies and industries so that if one goes down, the others may go up. Second, we can try to time the market. This isn’t easy to do, and it’s not recommended for beginners, but if you have some experience with investing, you may be able to sell when the market is down and buy when it’s up