This week’s best investing news:

Mohnish Pabrai – The Latticework of Mental Models For a Great Life! (SXSW)

Reflections on Oaktree Conference 2026 with Howard Marks (OakTree)

Berkshire expands into Japan’s insurance sector (MSN)

Distribution of Global Value (Verdad)

Jeremy Grantham – Bubbles, Value Investing, and the Long Game at GMO (CA)

Finding your investment lodestar: In search of an investment philosophy! (Damodaran)

François Rochon Interview (WSB)

He Beat the Market over 25 Years: Interview with Bill Nygren (Cohen)

Pabrai Wagons ETF Shareholder Call Replay (Pabrai)

Leon Cooperman warns markets are ‘too expensive’ (Yahoo)

Daisy Chains Of Risk (Felder)

One Risk After Another (BI)

You Can Beat the Stock Market by Avoiding Its Worst Days. But You Won’t (Morningstar)

Joe Liemandt: Alpha School and the Future of Education  (Farnam)

AI, Bubbles, and Markets (HD)

Berkshire Hathaway: Transition (Morris)

Mind your news filter and be wary of front-page risk (TKer)

A little sneaky (Havenstein)

How to Trade the War: Avoid Gimmicky Strategies and Overheated Assets (WSJ)

MiB: Bill Miller IV, CIO, PM, Miller Value Fund (MiB)

This week’s best value investing news:

Why ‘New’ Value Stocks Outperform: The Hidden Driver Of Value Investing (Swedroe)

Quality Stocks on Sale: Value Investing in an AI-driven Market (Brown)

Value stocks are back! (InvestmentNews)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

Mitchell Green – Lessons from Cold Calling 10,000 Companies (ILTB)

The Geopolitical Shock Playbook (Mike Wilson, Morgan Stanley) | #623 (Meb)

Should I Buy the Dip After a 60% Drawdown? (MCC)

Underlying Value with Andrew Pogue, Founder of Underlying Value Substack (PMC)

Sonu Chawla – Managing Mid Cap Exposure – $TSCM (Brewster)

[Outliers] Harrison McCain: Single-Minded Purpose (TKP)

Bill Yount: How Late Starters Can Find Financial Independence (TLV)

Michelle Magner: Powering Growth Through an Integrated Framework (Barron’s)

Is your portfolio actually built for the long run? | Kerry Craig (EM)

Nothing Is Priced In | Bob Elliott on Why Investors Are Misreading the Oil Shock (ER)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

Listening for the Signals of a Rewired World (AllAboutAlpha)

Increases CAPE Ratio Predictability with a Simple Adjustment (AlphaArchitect)

Gold Fell Because it Served its Purpose (PAL)

This week’s best investing tweet:

What really matters to the market and the US economy is not the Strait of Hormuz. pic.twitter.com/XyFjpIPvVW

— Cassandra Unchained (@michaeljburry) March 21, 2026

This week’s best investing graphic:

Half the World’s Oil Comes From Just Five Countries (VC)

This week’s best investing news:

FII9: Bill Ackman – Founder & CEO, Pershing Square Capital Management (FII)

Berkshire Hathaway will start repurchasing its own shares (CNBC)

FUNDSMITH Annual Shareholders’ Meeting February 2026 (Fundsmith)

Hope Springs Eternal (Verdad)

Ray Dalio: I’ve studied 500 years of history and fear we’re entering the most dangerous phase of the ‘Big Cycle’ (Yahoo)

The stock market looks wild under the surface (Axios)

Pzena: For Bargains, Investors Should Look to Emerging Markets (Pzena)

Bill Nygren: So much of the VALUE today is in intangible assets (Fox)

Howard Marks on Unpredictablility, Importance and Investing in AI (Bloomberg)

Oil, Inflation, and Markets at Risk | Jim Chanos on the Golden Age of Fraud (Danny Moses)

If you only have time for one metric, make it this one (TKer)

Enron-like accounting games! (Havenstein)

The Return Of Stagflation (Felder)

[Outliers] Harrison McCain: How to Create Demand for Something Nobody Wants (Farnam)

When Luck Rises, Be Ready to Dig (HD)

Is Every Investment Instinct You Have Wrong? (Jake)

Significance > Success (CollabFund)

A Closer Look at Berkshire Hathaway’s 2026 Proxy Statement (Kingswell)

The Price of Risk: An Equity Risk Premium Monologue! (Aswath)

François Rochon: 2025 Year End Letter (Giverny)

MiB: Matt Cherwin, Co-Founder and Chief Investment Officer of Marek Capital (MiB)

This week’s best value investing news:

Year-End Letter for 2025: Deep Value (GMO)

PzenaPerspectives – The Value Stocks to Watch (Pzena)

How Value Investing Adds Value (VIS)

Co-Founder and CEO Sarah Ketterer reflects on 25 years of value investing at Causeway Capital (Causeway)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

Think beyond dividends: Income options for all investors with Tom Wickenden (EM)

Beyond Mega Caps with John Petrides, Portfolio Manager at Tocqueville Asset Management (PMC)

The Tax Alpha Arms Race (w/ Wes Gray & Brent Sullivan) | #622 (Meb)

The War Markets Can’t Price | Jared Dillian on the Regime Change Investors Miss (ER)

Connor Teskey: The 90% Rule, AI Infrastructure, and the Future of Investing (TKP)

William Hockey – Building the Operating System for the Dollar and Silicon Valley Heresy (ILTB)

Kelly Gaur: Finding Non-Advisor Roles in Wealth Management | Next Gen (Barron’s)

WTT: When the Benchmark Becomes a Bet (CA)

The Economics of Scarcity and the UNC-Duke Basketball Game (with Michael Munger) (ET)

Raluca Filip, CFA: Helping Investors Navigate Risk, Volatility, and Second Thoughts (EI)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

Unlocking Hidden Value: How Corporate Language Reveals the Future of Intangible Investment (AlphaArchitect)

Thermal Renaissance: Why Gas-Fired Generation is Infrastructure Again (AllAboutAlpha)

More on the Sharpe ratio – Look for its stability (DSGMV)

This week’s best investing tweet:

In light of market events, I am making this article free for the next 24 hours.

— Cassandra Unchained (@michaeljburry) March 12, 2026

This week’s best investing graphic:

U.S. States Winning and Losing Data Center Market Share (Visual Capitalist)

This week’s best investing news:

Warren Buffett: Cash is necessary ‘like oxygen’—but it’s ‘not a good asset’ (CNBC)

JPMorgan’s Dimon on Iran War, Inflation, Credit Cycles (Bloomberg)

Ariel’s John Rogers on the economy and investing (DM)

When the Upside Is Thin, Upgrade the Carry (GMO)

What Higher Oil Volatility Means for Equity Markets (Verdad)

David Einhorn – Greenlight Re (GLRE) Earnings Call Transcript (G&M)

Pzena Investment Management: Pzena U.S. Large Cap vs passive (Pzena)

Hype vs. High Conviction (GMO)

How to Use Money Market Funds in Your Portfolio (Morningstar)

Should You Invest in Semiliquid Funds? It Depends on Your ‘Why’ (Morningstar)

Connor Teskey: Inside Brookfield’s Culture, Capital Allocation, and Competitive Edge (Farnam)

What I got wrong about the post-Global Financial Crisis recovery (TKer)

‘The Biggest Bagholder Operation In History’ (Felder)

When low beta stocks stop working (Klement)

“Trying To Be Realistic” (TSOH)

Avoid Tax Derangement Syndrome (White Coat)

Why I Own Gold Bars (HD)

Why Is It So Hard to Predict Financial Markets? (BI)

The Value of Bad News (Chart Kid)

I must not think bad thoughts. (Havenstein)

MiB: Ed Perks, Chief Investment Officer, Franklin Income Investors / President, Franklin Advisers (MiB)

The 60/40 Portfolio vs. The Bucket Strategy (TRM)

March Views from First Eagle Global Value Team (FEIM)

Polen Capital Podcast – A conversation with Drew Cupps, Head of Team & Portfolio Manager  (Polen)

This week’s best value investing news:

Value investing means buying what others avoid (TradingView)

Why Barclays strategists prefer U.S. value stocks (investing.com)

True Value: Looking Through The Value Rotation Illusion (RIA)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

Analyzing the Decision Making of the World’s Best Investors (MCC)

Staying Objective with Artem Fokin, Founder and Portfolio Manager at Caro-Kann Capital (PMC)

Jacob Shapiro – A “Geopolitical Cousin” Joins the Show (Brewster)

Inside Goldman Sachs’ Alternatives Playbook (w/ Kristin Olson) (Meb)

Finding Compounders in the Age of AI | Joseph Shaposhnik (ER)

[Outliers] J.W. Marriott: Building an Empire Without a Master Plan (TKP)

Shyam Sankar – Celebrating Heretics (ILTB)

What an AI-Powered Future Could Look Like with Alex Pollak (EM)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

The Best Defensive Strategies: Two Centuries of Evidence (AlphaArchitect)

Investment Behavior Is a Design Problem, Not an Information Problem (CFA)

Uncertainty about signals and price impact (DSGMV)

This week’s best investing tweet:

$NVDA $PLTR $TSLA Actual cash Stock-Based Compensation costs are much higher than GAAP SBC expense. This is not because the employees’ shares went up in value. The shares were not yet in employees’ hands.

— Cassandra Unchained (@michaeljburry) March 5, 2026

This week’s best investing graphic:

Ranked: The Brands That Lost the Most Value Last Year (Visual Capitalist)

This week’s best investing news:

Berkshire Hathaway 2025 Annual Report (BH)

Berkshire Hathaway Q4 2025 Earnings (BH)

Berkshire Hathaway CEO Greg Abel on resuming buyback program: I absolutely talked to Warren (CNBC)

Hard Lessons: Stan Druckenmiller: Invest, then investigate (MS)

The Rise of Chinese Biotech (Verdad)

Oaktree’s Howard Marks says there’s no systemic problem with private credit (CNBC)

Tom Gayner – 2025 Letter (Markel)

Ray Dalio: “AI Is Eating Everything – and It Might Eat Itself” (All-In)

In conversation with Cliff Asness (TD)

GMO – Year End Letters 2025 (GMO)

Icahn Enterprises L.P. 2025 Q4 (Icahn)

Most stock-picking pros underperformed in 2025’s market rollercoaster (TKer)

A Closer Look at Greg Abel’s First Annual Letter to Berkshire Hathaway Shareholders (Kingswell)

The Stock Market Is ‘Out Of Gear’ (Felder)

Ariel Investments’ Charles Bobrinsko: Companies with real assets is where we’re finding opportunity (CNBC)

Capital Group’s weird passive bravado (FT)

MiB: Jeff Chang, President and Co-Founder of Vest (MiB)

Polen Capital: Why value is shifting from AI infrastructure to the businesses that integrate and monetize it (Polen)

Causeway Capital: Korea’s Rally—More Than Memory (Causeway)

Miller Value Partners: Historic Valuation Gaps Are Pointing to a Major Market Shift (Miller)

This week’s best value investing news:

Could Value Stocks Benefit from the AI Rout? (Goldman Sachs)

Ben Graham Was Wrong (Mojo)

Value investing’s pulse returns, showing predictable swings in value-growth performance (phys)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

The Widest Valuation Gap in History | Rob Arnott on What Investors Are Missing About AI (ER)

4 steps to find winning software stocks with Ben Arnold (EM)

Inside the Mind of Robinhood Co-Founder Vlad Tenev (Parrish)

MEBISODE: Even Berkshire Underperformed (Meb)

On AI Eating The World (Vitaliy)

High Conviction (MCC)

Angus Fletcher – The Biggest Mistake We Made About Intelligence (IL)

John Arnold – China, Energy Markets and Fixing America’s Systems (ILTB)

Gavin Baker – Truth-Seeking and Crossover Investing at Atreides (CA)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

How AI Can Help Find the Needle in the Haystack (AlphaArchitect)

Cryptos, Stablecoins and Sovereign CBDCs (AllAboutAlpha)

Retail investors love hard to value stocks (DSGMV)

This week’s best investing tweet:

Foundations: U.S. Market Structure & Value

I have yet to tackle directly the overvaluation of the market itself, which is generally a good thing – for a… pic.twitter.com/Vh7xPRBGWd

— Cassandra Unchained (@michaeljburry) March 3, 2026

This week’s best investing graphic:

Ranked: The World’s 50 Most Valuable Companies in 2026 (Visual Capitalist)

This week’s best investing news:

Howard Marks -AI Hurtles Ahead (OakTree)

Essential Truths w/ Howard Marks, Nima Shayegh & William Green (RWH)

Ray Dalio warned that the US is heading into ‘very dark times.’ How to protect your portfolio (Yahoo)

Offense or Defense? Positioning Portfolios in Today’s Market with Howard Marks and Alper Daglioglu (Brookfield)

Revaluation in Japan (Verdad)

Oakmark’s David Herro on international investing opportunities (Oakmark)

Investing In Light Of The Big Cycle (Dalio)

Inside Robinhood Ventures Fund I: Bill Ackman in Conversation with Vlad Tenev (Robinhood)

Is AI Reshaping the Future of Work? (Fisher)

Third Point Q4 2025 Investor Letter (TP)

Guy Spier: What Really Counts in Life — Beyond Wealth and Returns (Talking Billions)

Chris Davis on what helped the Davis NY Venture Fund deliver strong results in 2025 (Davis)

Wall Street’s Latest Bet Is on ‘HALO’ Companies With AI Immunity (WSJ)

Why pessimists make more money (Klement)

What happened after 1965 when 10 dominant stocks fell behind (TKer)

How Is This Possible? (Morris)

Concentrating on Concentration (Elm)

Inside the Mind of Robinhood Co-Founder Vlad Tenev (Farnam)

Implementing Benjamin Graham’s “Special Situations”Framework in Conventional Investment Strategies (FP)

Financial Market Commentators Need the Skills of a Psychic (BI)

Critique my investment strategy or lack thereof (HD)

‘The Grift Economy Goes Mainstream’ (Felder)

The Analog World (Josh Brown)

MiB: Hilary Allen on Fintech Dystopia (MiB)

This week’s best value investing news:

Warren Buffett’s trusted executive Ajit Jain buys apartment in Gurugram for Rs 85 crore (TOI)

Pzena – The Value Stocks to Watch 2026 (Pzena)

Semper Augustus 2025 Letter: Cloud Delusions; Value at a Secular Plateau; And – Berkshire Hathaway: Going Out on Top (SA)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

The Edge Isn’t Alpha | Matt Reustle on How Professional Investors Use AI (ER)

[Outliers] Phil Knight: The Obsession That Built Nike (Shane Parrish)

Richard Craib – Crowd-Sourced Alpha with Numerai (S7E28) (FWM)

Dan Sundheim – The Art of Public and Private Market Investing (ILTB)

The Quicker the Rise, The Harder the fall (TLV)

The Quicker the Rise, The Harder the fall (MCC)

#268 – Building a Modern Asset Management Platform with Victory Capital’s Chairman and CEO David Brown (AR)

Ed Grefenstette and Sean Warrington – Venture Market Update (CA)

The drug beating Ozempic, Pimp my Portfolio with Luke Laretive & Australia’s most popular small caps (EM)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

Exploiting Myopia: The Returns to Long-Term Investing (AlphaArchitect)

Why Static Portfolios Fail When Risk Regimes Change (CFA)

No Exit, No Problem? How Asset Owners Can Tame Illiquidity Risk (AllAboutAlpha)

This week’s best investing tweet:

Just a $NVDA thought. https://t.co/QgkO9Pb2Ru pic.twitter.com/tbzjlSFKyU

— Cassandra Unchained (@michaeljburry) February 26, 2026

This week’s best investing graphic:

Ranked: The 20 Most Visited Websites in the World in 2026 (Visual Capitalist)

This week’s best investing news:

Warren Buffett becomes the latest billionaire media investor (Fortune)

Bill Ackman Buys 2 Brilliant Artificial Intelligence (AI) Stocks (Yahoo)

Squawk Pod: Mario Gabelli on MSG & Joseph Stiglitz on the Trump economy (CNBC)

The Big Scary Myth Stalking the Stock Market (WSJ)

US Public Equities 40% More Expensive than Non-US Equities (Apollo)

Why we’re buying software today (Oakmark)

Weaponized Risk Models (Verdad)

Big Tech bets big on bonds (Axios)

Advise boldly, invest wisely. (Daily Upside)

The 34% Return I’m Glad I Missed (HD)

‘Revenge Of The Dinosaurs’ (Felder)

AI Fear Trade, Emotional Markets, Avoiding Value Traps, and Current Opportunities (Huber)

Equity Investors Could Learn From Art History (R&T)

The Eternity of Intelligent Investment (Kingswell)

[Outliers] Phil Knight: The Obsession That Built Nike (Farnam)

Why do people invest in expensive stocks? (Klement)

Investment Teams Need Accountability, Trust and Common Goals (BI)

90% of Bonds Outstanding Yield Less Than 5% (Apollo)

Economic data can often be both ‘worse’ and ‘good’ (TKer)

February Views from First Eagle Global Value Team (FEIM)

MiB: Douglas and Heather Boneparth, Money Together (MiB)

Patient Capital 4Q 2025 Quarterly Webinar (PC)

This week’s best value investing news:

S&P 500: Rotation Trade Deepens as Value Challenges Mega Cap Run (investing.com)

Pzena Investment Management Q4 2025 Mid Cap Value Update (Pzena)

Value stocks gain momentum as market rotates (Fox)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

200 Years of Markets in 60 Minutes (Deutsche Bank’s Jim Reid) | #618 (Meb)

Nicolai Tangen: Ambition, Speed, and Being Weird (KP)

Quality of Earnings and Dilution Risk with Ryan Telford (PMC)

A Club Conversation with Michael Liu, Biotech Trading (MCC)

Investing Unscripted (Brewster)

Stan Gregor: What Changes When Revenue Reaches—Then Tops—$5 Million (Barron’s)

Bobby Jain – Multi-Strategy Hedge Fund First Principles at Jain Global (EP.487) (CA)

Pope-approved stocks, a pitch for the Community Portfolio & currency hedging explained (EM)

When the Data Stops Working | Cameron Dawson and Dave Nadig on What Aggregate Economic Numbers Hide (ER)

Ruslan Fakhrutdinov – Extended Exchange and Vault Tokenization (S7E27) (FWM)

Josh Kushner – Concentration and Conviction (ILTB)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

The Stock Market and Bank Risk-Taking (AlphaArchitect)

Is Quantum Technology the Next Great Alternative Asset? (AllAboutAlpha)

Attention Bias in AI-Driven Investing (CFA)

This week’s best investing tweet:

Eisman podcast, ex $PLTR FDE”Maybe I shouldn’t say this, but within Palantir we sometimes mused that all of the value we provided was just getting all of the people in a room together,,,,literally none of those people had ever been in a room together.”

https://t.co/9W14ypOdD0

— Cassandra Unchained (@michaeljburry) February 18, 2026

This week’s best investing graphic:

Ranked: The Biggest Buyers and Sellers of U.S. Debt (2025) (Visual Capitalist)

This week’s best investing news:

Warren Buffett’s big bet on Japan earned Berkshire Hathaway $24 billion in just 6 years (Fortune)

Bill Ackman reveals stake in Meta, says it has ‘deeply discounted valuation’ (CNBC)

Jim Chanos on AI Infrastructure, Crypto Treasuries & Underlying Credit Risks (RiskReversal)

Why Hedge Funds Got Better While Private Equity Just Got Bigger (Verdad)

Pershing Square Annual Investor Presentation 2026 (PS)

David Einhorn says the Fed will cut ‘substantially more’ than two times. So he’s betting big on gold (CNBC)

Cliff Asness, Principal and co-founder of AQR Capital Management (Encounter Capital)

Dispersion – OakTree Q4 2025 Letter (OakTree)

Struggling to make sense of Big Tech’s $600 billion bet on AI? Here’s a metric to watch (TKer)

The Beautiful Chart That Busts 3 Stock Market Myths (Morningstar)

Data Update 5 for 2026: Risk and Hurdle Rates (AD)

In Zuck We Trust? (Alex Morris)

The Rule Of 40 For Stocks? What Investors Should Know About It (Onveston)

Harsh truth (Havenstein)

Nicolai Tangen: The $2 Trillion Mind (Farnam)

Perfect Portfolio (HD)

Catching Up With The Heavyweights Of Berkshire’s Stock Portfolio (Kingswell)

Another Changing Of The Guard (Felder)

How Might AI Disruption Change Investor Behaviour? (BI)

Why Consensus Fails (D&D)

Buying the Dip is for Losers (MCE)

MiB: Bob Moser, Prime Group Founder and CEO (MiB)

Third Avenue Value Fund Q4 2025 Commentary (TA)

This week’s best value investing news:

Pzena Investment Management Large Cap Value Update Q4 2025 (Pzena)

The Value Stocks to Watch – 2026 (Pzena)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

Dan Rasmussen & D.A. Wallach on Biotech’s Surge, China, IPOs, US Valuations & Japan | #617 (Meb)

Nancy Daoud: The Changing Nature of Asset Allocation (Barron’s)

Stephen Gilmore – CalPERS’ Total Portfolio Approach (EP.486) (CA)

Inflation, AI, Trump & Gold with Economist David Bassanese (EM)

Adam Wilk (Brewster)

You Can’t Eat Risk-Adjusted Returns | AQR’s Pete Hecht on Beating Stocks Without Giving Them Up (ER)

Angana Jacob – Data as the True Competitive Moat (S7E26) (FWM)

How to Build the Perfect Portfolio | Cullen Roche (HF)

Packy McCormick – How Writing Shapes Companies (Ep. 301) (IL)

Alex Behring and Daniel Schwartz – Inside 3G Capital (ILTB)

Club Conversation with Dave Waters, Dark Stock Investing (MCC)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

The Continuation Vehicle Boom: Structural Shift or Liquidity Patch? (AllAboutAlpha)

The Long Volatility Premium: Short the Market, Get Paid? (AA)

AI Is Reshaping Bank Risk (CFA)

This week’s best investing tweet:

I am working on something $PLTR. pic.twitter.com/PPETfScTkE

— Cassandra Unchained (@michaeljburry) February 10, 2026

This week’s best investing graphic:

Ranked: The Countries Buying (and Selling) the Most Gold Since 2020 (VC)

This week’s best investing news:

Jeremy Grantham & Edward Chancellor – The Last Bubble? Finding Value in a World on Fire (Hidden Forces)

Michael Burry Warns BTC Crash Could Deepen Into a Death Spiral; More Declines Could Mean Bankruptcy For Miners (IBT)

‘Monetary, geopolitical order breaking down’: Ray Dalio warns world ‘on the brink’ of capital war (ET)

The Golden Tree of Life (Verdad)

Ken Fisher – Market Risks Worth Watching in 2026 (Fisher)

Trian CEO Nelson Peltz at WSJ Invest Live (WSJ)

Matrix Asset’s David Katz discusses the markets, tech stocks and his picks (CNBC)

Citadel CEO Ken Griffin at WSJ Invest Live (WSJ)

Aswath Damodaran – Data Update 4 for 2026: A Tumultuous Year (2025) for Global Markets! (AD)

Barron’s Roundtable featuring Ariel Investments’ John Rogers and Mario Gabelli of Gabelli funds (Barron’s)

Jeffrey Gundlach on Powell, Policy and What the Fed Isn’t Saying (CNBC)

‘There Is No Training For This’ (Felder)

What We Do When Things Go Up (a lot) (BI)

The Right Time to Retire Isn’t Always the Optimal Time (HD)

MiB: Kate Burke, Allspring Global Investments, CEO (MiB)

First Eagle Global Value Team 2025 Annual Letter (FEIM)

Polen Capital 4Q 2025 – U.S. Small Cap Growth Commentary (Polen)

FPA Crescent Fund 4Q 2025 Commentary (FPA)

This week’s best value investing news:

Value Investing Playbook with Tobias Carlisle (Planet MicroCap)

Pzena’s lessons from 30 years of value investing (LiveWire)

How AI Tools Could Reshape Value Investing (Fordham)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

The Last Bubble? Finding Value in a World on Fire | Jeremy Grantham & Edward Chancellor (HF)

Michael Ovitz: The Business of Relationships (Parrish)

#490 – State of AI in 2026: LLMs, Coding, Scaling Laws, China, Agents, GPUs, AGI (Fridman)

Ben Horowitz – Backing America’s Future (ILTB)

Value Investing Playbook for 2025-2026 with Tobias Carlisle (PMC)

Russell Napier: Financial Repression Is Back — And Investors Aren’t Ready (Meb)

Will Thomson – Real Returns: Real Assets Are Even Hotter Right Now (Brewster)

Must-Do 2026 Financial List with Morningstar’s Christine Benz (WealthTrack)

Frank McKiernan: ‘A Client Is a Client’ | Next Gen (Barron’s)

Andrew Ross Sorkin on Market Bubbles, Banking Rules, and the Real Lessons of 1929 (CWT)

Roger Urwin: From Strategic Asset Allocation to a Total Portfolio Mindset Description (EI)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

Revaluation Alpha: Why Past Factor Returns May Be Misleading (AlphaArchitect)

Three Risks of Relying on the S&P 500 in Retirement Planning (CFA)

The crowds, momentum, and risk in markets (DSGMV)

This week’s best investing tweet:

The top panel of the charts shows relative performance since ~2000 for:

Green arrows across the top mark where ISM Manufacturing… https://t.co/lkW70uQsEz

— Tobias Carlisle (@Greenbackd) February 3, 2026

This week’s best investing graphic:

Charted: Silver Price Rallies Over Time (1965–2026) (Visual Capitalist)

This week’s best investing news:

Fireside Chat with Howard Marks of Oaktree Capital Management (Pepperdine)

Jeremy Grantham – Part 1 VALUING AI Extreme Bubble, New Golden Era, or Both? (GMO)

Cliff Asness – Surviving the Meme Stock Bubble (Infinite Loops)

Ray Dalio & Axios’ Dave Lawler (Axios)

David Einhorn – Q4 2025 Letter (Greenlight)

Ken Griffin, President and CEO of Citadel (WEF)

Aswath Damodaran – AI Needs More Revenue To Justify Valuations, Argues “Dean of Valuation” (MMN)

The Case for Hedging Currency Exposure for Global Bonds (Morningstar)

It’s too ambiguous to just say ‘the economy’ (TKer)

Li Lu on the Holy Grail, Intellectual Honesty, and the Mutated Genes of Value Investors (Kingswell)

Powell is unsustainable. (Havenstein)

Thoughts on Market Valuations, AI, Productivity and Shortages (Huber)

The comeback of European growth stocks (Klement)

‘The Perfect Environment For The Outperformance Of Commodities’ (Felder)

Does Increasing Geopolitical Risk Lead to Higher Equity Market Returns? (BI)

Learning from Sir Christopher Hohn (IMC)

Michael Ovitz: The Business of Relationships (Farnam)

Is Social Security Going Bankrupt? (HD)

MiB: Zach Buchwald, Russell Investments CEO and Chairman (MiB)

Netflix: Waning Optimism (Morris)

Weitz Investment Management Letter to Shareholders: Patience, Perspective, and the Wall of Worry (Weitz)

Ariel Appreciation Fund Q4 2025 commentary (Ariel)

Mairs & Power 2025 Year-in-Review Growth Fund Update (M&P)

This week’s best value investing news:

Pzena Investment Management Q4 2025 Commentary: Finding Value in a Momentum-driven Market (Pzena)

Causeway International & Global Value Q4 2025 Webcast (CI)

Value Investor Rob Arnott Is Adding Growth to His Fundamental Index Mix (WealthTrack)

18th Annual Pershing Square Value Investing and Philanthropy Challenge (Columbia)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

How McDonald’s Took Over America | Ray Kroc [Outliers] (Parrish)

#266 – Is AI a Bubble with Gabelli Portfolio Manager John Belton (ARP)

Anthea Tjuanakis Cox: Longevity, AI, and Multigenerational Planning (Barron’s)

Google and Nvidia will 20-bag from here according to this expert | David Tuckwell – ETF Shares (EM)

30 Times Earnings Isn’t Expensive | Chris Mayer & Robert Hagstrom on the Labels That Destroy Returns (ER)

Gokul Rajaram – Lessons from Investing in 700 Companies (ILTB)

Winning and Losing (Cassel)

2026 Global Outlook for Value (Pzena)

Richard Bernstein – The Case for Dividends in a Bubble Era | #614 (Meb)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

The Participant’s Trilemma: Learning from Other DC Plans Around the World (AAA)

Is Value Investing Dead? (AA)

America’s Debt – A New Infrastructure? (CFA)

This week’s best investing tweet:

Chart shows forward EPS (next-12-months earnings expectations) for:

All three series are indexed to March 5, 2009 = 0, so it’s growth in expected earnings since the GFC, not absolute dollar EPS.

A… pic.twitter.com/x2G8kcnHiT

— Tobias Carlisle (@Greenbackd) January 28, 2026

This week’s best investing graphic:

The Pyramid of S&P 500 Returns: 152 Years of Market Performance (Visual Capitalist)

This week’s best investing news:

Fireside Chat with Howard Marks of Oaktree Capital Management (Pepperdine)

GMO’s Jeremy Grantham Sees an AI Bubble — and a Familiar Ending (Bloomberg)

Terry Smith on quality investing & why underperformance is a feature not a failure (Clapham)

Ray Dalio on ‘capital war’ fears: The monetary order is breaking down (CNBC)

Why Mark Mobius Recommends China, India; Shuns Gold (Bloomberg)

The Waste Land (Verdad)

Jamie Dimon Speaks to David Rubenstein (Bloomberg)

Berkshire prepares to exit 28% stake in Kraft Heinz as new CEO aims to move on from rare Buffett gaffe (CNBC)

Aswath Damodaran on How He Is Investing in a World of AI (ER)

Bill Nygren discusses the bidding war over Warner Bros. Discovery (Oakmark)

Prices Change Faster Than Stories (Brown)

How a Total Portfolio Approach Can Improve the 60/40 Portfolio (Morningstar)

Alpha? Why Beat the Market? (RT)

How McDonald’s Took Over America | Ray Kroc (Farnam)

Mathematical context can totally change the story (TKer)

Private Equity Investing (HD)

‘The Most Powerful Lesson Anyone Can Learn In This Business’ (Felder)

How Does AI Think Markets Will Perform in 2026? (BI)

Why You Can’t Time the Market (Even When You Know the Future) (D&D)

MiB: Richard Thaler and Alex Imas on The Winner’s Curse (MiB)

The Best Bets for Investors Require a Strong Stomach (Morningstar)

Wedgewood Partners Fourth Quarter 2025 Client Letter: Annus Horribilis (Wedgewood)

Oakmark Select Fund Q4 2025 Market Commentary (Oakmark)

Jensen Investment Management: 2025 Year in Review & 2026 Market Outlook (Jensen)

This week’s best value investing news:

International value stocks soar with financials at the helm (Investor Daily)

Here’s why Goldman says the “quiet outperformance” of value stocks should continue (investing.com)

Value and income stocks will do well this year, says Infrastructure Capital’s Hatfield (CNBC)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

Cliff Asness – Surviving the Meme Stock Bubble (Ep. 298) (IL)

Patrick O’Shaughnessy – Creating on Principle (ILTB)

Marc Faber on Democracy, Debt, and Surviving the Next Market Regime (Meb)

Morgan Housel: Wealth is What You Have Minus What You Want (TKP)

How to Avoid Dilution in Microcaps – A Dilution Risk Scorecard (MCC)

Investing Around Catalysts and Knowing When to Trust Management with Christian Schmidt (PMC)

Emily Green: Women, Wealth, and Alternative Investments | Next Gen (Barron’s)

14 Bold Predictions with Andrew Brown (EM)

The Bubble Most Will Get Wrong | Aswath Damodaran on How He is Managing His Own Money in a World of AI (ER)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

The Many Facets of Stock Momentum (AlphaArchitect)

Bank-Level Lessons for Private Credit Valuations (AllAboutAlpha)

Why Tight Stop-Losses Often Hurt Investors (CFA)

The Biggest Challenge to Fundamental Market Analysis (PAL)

This week’s best investing tweet:

For decades, Japan has been the world’s cheapest source of long-duration capital.

We are seeing the end of 40-year falling rate tailwind.

Markets no longer believe Japan can permanently suppress long-term rates without cost.

If Japanese long rates reset upward, global… https://t.co/buqUFRIHZ7

— Tobias Carlisle (@Greenbackd) January 20, 2026

This week’s best investing graphic:

Mapped: Global Inflation Forecasts by Country in 2026 (Visual Capitalist)