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Mike Francesa drops by, Jamie Dimon's letter, stock market shortage, the case for AppLovin

The Compound and Friends

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Navigating All-Time Highs and Tech Giants' Cash Reserves

The chapter examines the concept of embracing optimism in the stock market despite reaching all-time highs, backed by historical data showing positive forward returns. It discusses the reasons behind stocks hitting all-time highs, driven by improving earnings and confidence, leading to a rise in multiples. Additionally, it explores the vast cash reserves held by tech giants like Apple and Google, surpassing traditional industries like ExxonMobil.

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