Third year bull market is great to see. Especially when everyone is ready for a re-run of the first two years. That's what causes the third-year issues.
To seed, build, and nurture timeless, intangible human capitals — such as resilience, trust, truth, evolution, fulfilment, quality, peace, patience, discipline, relationships and conviction — in order to elevate human judgment, deepen relationships, and restore sacred trusteeship and stewardship of long-term firm value across generations.
A refreshing take on our business world and capitalism.
A reflection on why today’s capital architectures—PE, VC, Hedge funds, SPAC, Alt funds, Rollups—mostly fail to build and nuture what time can trust.
“Built to Be Left.”
A quiet anatomy of extraction, abandonment, and the collapse of stewardship.
"Principal-Agent Risk is not a flaw in the system.
Hi Callum, a happy new year and as I found "Market Cap Weighting vs Equal Weighting" very interesting, I have done some Chart-analysis with TradingView. In the Link below I am sharing 3 folders: 1. "my" Magnificent 8 (NVDA+GOOG+GOOGL+MSFT+ META+ TSLA+ AAPL+AMZN+NFLX) and 2. SP492 (SP500 - Mag8) and 3. comparative performance "Mag8 vs SP492 vs RSP". Very interesting to see, that SP492 declined sharply since mid Oct24. And in 2024 the SP492 performance was -1% vs RSP +10% vs SP500 +23% vs Mag8 +52% (one chart also shows the "SP500 percentage of stocks above MAs (200 red line, 100 green and 50 blue). My question: why did SP492 drop so sharply? And to monitor for 2025: if Mag8 would start decline more, than the SP500 would dropp "sharply". Any comments or explanations (and may be follow-up?) are very welcome. Thank you. Kind regards from Germany, Tommy
Callum, thanks for the consistent feed of interesting charts through the year!
cheers! My pleasure, looking forward to delivering the same in 2025 :-)
Third year bull market is great to see. Especially when everyone is ready for a re-run of the first two years. That's what causes the third-year issues.
indeed, and the rubber hitting the road from multiple expansion to earnings/fundamentals etc
Callum, thanks and Happy New Year!
Thanks Paul, likewise best wishes for 2025!
which one is your favorite?
Hello there,
Huge Respect for your work!
New here. No huge reader base Yet.
But the work has waited long to be spoken.
Its truths have roots older than this platform.
My Sub-stack Purpose
To seed, build, and nurture timeless, intangible human capitals — such as resilience, trust, truth, evolution, fulfilment, quality, peace, patience, discipline, relationships and conviction — in order to elevate human judgment, deepen relationships, and restore sacred trusteeship and stewardship of long-term firm value across generations.
A refreshing take on our business world and capitalism.
A reflection on why today’s capital architectures—PE, VC, Hedge funds, SPAC, Alt funds, Rollups—mostly fail to build and nuture what time can trust.
“Built to Be Left.”
A quiet anatomy of extraction, abandonment, and the collapse of stewardship.
"Principal-Agent Risk is not a flaw in the system.
It is the system’s operating principle”
Experience first. Return if it speaks to you.
- The Silent Treasury
https://tinyurl.com/48m97w5e
And here the link to the Chart-analysis (Web.de is a Web-Server in Germany).
The link (for 3 folders) is valid for one month.
https://c.web.de/%40337579375278955263/2Npx8P27TlGa7e1Hlw49eA
Hi Callum, a happy new year and as I found "Market Cap Weighting vs Equal Weighting" very interesting, I have done some Chart-analysis with TradingView. In the Link below I am sharing 3 folders: 1. "my" Magnificent 8 (NVDA+GOOG+GOOGL+MSFT+ META+ TSLA+ AAPL+AMZN+NFLX) and 2. SP492 (SP500 - Mag8) and 3. comparative performance "Mag8 vs SP492 vs RSP". Very interesting to see, that SP492 declined sharply since mid Oct24. And in 2024 the SP492 performance was -1% vs RSP +10% vs SP500 +23% vs Mag8 +52% (one chart also shows the "SP500 percentage of stocks above MAs (200 red line, 100 green and 50 blue). My question: why did SP492 drop so sharply? And to monitor for 2025: if Mag8 would start decline more, than the SP500 would dropp "sharply". Any comments or explanations (and may be follow-up?) are very welcome. Thank you. Kind regards from Germany, Tommy