Friday, December 1, 2023

I'm still overall bullish; Charlie Munger's Life Was About Way More Than Money; Whitney Tilson: From Wall Street to Experiencing the World; Core PCE down to 3.5%; The housing market isn't crashing; An important message from my cousin

By Whitney Tilson

1) My bullish perspective on the market that I've had for the past year was validated again last month, as the S&P 500 Index gained 9% – bringing its year-to-date gains to 19%. It's now within nearly 2% of its all-time high, reached in the first few days in 2022. Interestingly, however, the average stock is barely up this year – after a hideous drop last year – so I'm on the hunt for bargains in the market. In fact, today is a big day for that... As regular readers know, as part of Empire Financial Research merging operations with Stansberry Research, I have personally joined Stansberry's flagship newsletter, Stansberry's Investment Advisory, as its lead editor... and the first issue with my contributions and a new stock recommendation is publishing this evening after the market close. I'm excited to be moving forward with this new chapter – and thrilled that I'll be able to share my best ideas with Investment Advisory subscribers, just as I did with paid-up Empire subscribers. Paired


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About Whitney Tilson

Prior to creating Empire Financial Research, Whitney Tilson founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, Tilson grew assets under management to more than $200 million.

Tilson graduated magna cum laude from Harvard College with a bachelor's degree in government in 1989. After college, he helped Wendy Kopp launch Teach for America and then spent two years as a consultant at the Boston Consulting Group. He earned his MBA from Harvard Business School in 1994, where he graduated in the top 5% of his class and was named a Baker Scholar.

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Whitney is one of the most connected investors I’ve met. He’s been able to tap into an infinitely deep and unique network of people to come up with great insights into ideas and develop them that other people just can’t do because they don’t have the kind of network he does.

—John Petry