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The Power of the Midyear Gut Check

Wealth Management

Number 8860726. Registered in England & Wales with number 01835199, registered office 5 Howick Place, London, SW1P 1WG. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales.

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March Madness: Final Four Investing Bracket 2025

Dear Mr. Market

Historically, this bracket has been dominated by the tech sector, but after years of outsized gains, big tech valuations are stretched. Amazons AWS is still the leader in cloud services, and its growth in advertising, e-commerce, and other sectors makes it a highly diversified growth machine.

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Transcript: Joanne Bradford

The Big Picture

She has a number of investments as as really a entrepreneur and a venture investor. San Diego State studying journalism and advertising. Joanne Bradford : I was a journalism major because it was the easiest major at the time, and I went and took advertising courses and went to work at my college newspaper. It was fun.

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Transcript: Heather Brilliant, Diamond Hill

The Big Picture

Heather comes from with a fascinating background, having previously been in a number of other places, most notably Morningstar, and, and she has a very specific approach to investment management and thinking about stock selection. They do a number of things at Diamond Hill that many other investment shops don’t.

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Balancing Act | Pulling the FANGs Apart

Brown Advisory

Their fear is bolstered by historical precedent: In the 1960s and 1970s, the “Nifty Fifty” ran up to extremely high valuations, and many performed quite poorly during the 1970s bear market. Investors also tend to naturally focus their valuation fears on big, rapidly growing stocks.

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Balancing Act | Pulling the FANGs Apart

Brown Advisory

Their fear is bolstered by historical precedent: In the 1960s and 1970s, the “Nifty Fifty” ran up to extremely high valuations, and many performed quite poorly during the 1970s bear market. Investors also tend to naturally focus their valuation fears on big, rapidly growing stocks. Follow the Cash.

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Have Investors Lost their Minds With Growth Stocks?

The Irrelevant Investor

That number crashed after the dot-com bubble burst. When Google came public, there were 25x more advertising dollars spent on newspapers than on search. Comparing Snowflake's valuation today to Amazon at the IPO is Apples to Oranges. Amazon is the outlier of this group. At its peak in the late 90s, it traded for 43x sales.