Focused Compounding Ep 462. Berkshire's 13-F, Buybacks at 100x P/E, and Momentum & Pods' Effects on Stock Prices
Dec 11, 2024
The hosts dive into the impressive box office performance of films like 'Wicked' and 'Moana 2', noting the surge in Thanksgiving viewership. They analyze Cinemark's stock success compared to Marcus and the broader trends influencing theater stocks. The conversation shifts to Berkshire Hathaway's recent investment strategies, including sell-offs and acquisitions that reveal a shifting approach. Finally, they tackle modern stock dynamics, exploring momentum strategies and the valuation challenges faced by cyclical businesses, encouraging astute portfolio reassessment.
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The Rock's Box Office Double
- The Rock's movies, Red One and Moana 2, both opened at number one in the same month.
- This is potentially a record, as Moana 2 was initially intended as a Disney+ show.
Cinemark's Stock Surge
- Cinemark's stock price has significantly increased, rising over 100% this year.
- Movie theater stocks seem to correlate with general market trends and higher-risk assets.
Airline Industry Resilience
- The bankruptcy of Spirit Airlines may not significantly impact the industry.
- Airlines often get acquired or restructured, so capacity doesn't always decrease.