Being an investor means owning a business and participating in everything that business creates: its earnings, its cash flows, its growth.
Being a speculator means chasing prices and hoping the market cooperates.
Ben Graham said it best:
“A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.”
When you buy a good business at a good value, you are not just buying a stock. You are buying the right to participate in the growth of the business itself.
If you overpay, the math works against you. You now need the business to grow faster than expected, or you are relying on someone else to bail you out at a higher price.
When you purchase a business at a great value and you can sleep well at night because your focus is on the strength of the business itself.
Speculate on prices and you will lose your mind watching a stock quote that changes every second of every trading day.
Be the investor. Not the speculator.
#investing
Microsoft is trading at its lowest P/E in years.
If $MSFT hits EPS estimates and trades at a P/E of 23x by June 2029 shares would be up 66%.
Is anyone buying the dip?
Chart from @FASTGraphs
Hear me out.
This is what it would take for SpaceX to be up 285% and have an $8T market cap.
Revenue would have to grow 70% per year over the next 3 years, and it would have to trade at a P/S multiple of 97x in 2028.
Is it too late to buy $INTC?
Shares are trading at a blended P/S of 10, higher than anytime in the last 20 years.
If it trades down to its historic P/S ratio of around 3, the stock price would be $36, down from over $117 currently.
Intuit $INTU is cheaper than it has ever been before.
Current Blended P/E 11.86
Normal P/E: 29.76
Estimated EPS growth: ~16%
Undervalued or Value Trap?
$MU has one of the most shocking charts you’ll ever see.
After a 13% drop Friday Micron Technology was trading at a blending P/E of 18.2
Analyst expect EPS to grow 620% in FY 26, 75% in FY 27, and -2% in FY 28.
If that’s correct and the P/E in 17 in FY 28, that’s a 102% return.
Marvell Technology $MRVL is now trading at its highest P/E ever.
In April, the stock was at $128 and a P/E of 41.
After its 32% gain yesterday, the stock is trading at $290 and a Blended P/E of 90.
ETFs are live on FAST Graphs. 🎉
Search any equity ETF — SPY, VTI, QQQ — and dig in:
• Full Holdings tab (every position, not just top 10)
• Sector & region breakdowns
• The FAST Graph on the fund's aggregated fundamentals
You've been asking, it's here, and now you can finally see the valuation of an ETF like never before!