At the start of June Apple’s market capitalization was $1.4 trillion. In 3 months, Apple added another $744 billion in market cap. And the bulk of that increase came within the last month. By July 28, Apple’s stock was up around… Read More
Glenn discusses why eBay was added to the portfolio and why we are reclassifying it as a source of cash. Glenn also covers how this might change. Then Glenn updates his thoughts on Disney’s ability to and desire to reinstate… Read More
AMM 3rd Quarter 2020 Client Letter Imagine a modern day Rip Van Winkle had imbibed a bit too much on New Year’s Eve 2019 and fell into a long 6 month slumber. He awakens to a strange new world. People… Read More
Microsoft is riding two secular growth trends, the rise of cloud computing, and the shift towards software as a service. The growth from both trends combined with Microsoft’s high returns on capital will fuel its future dividend growth and share… Read More
Sometimes you read a book that makes you rethink your investment philosophy and/or portfolio management style. The Art of Execution is that type of book. Glenn briefly breaks down the book about how some of the best European stock pickers… Read More
A cognitive bias we all have is extrapolation. We take the current situation and project it far into the future assuming it’ll look exactly like today. It is easy to take today’s coronavirus world, extrapolate it, and imagine a future… Read More
We used to own Hilton in our Dividend Growth Strategy. A big reason why we bought Hilton was because of what Marriott did. In this episode, Glenn will explore: Why we like both companies as asset-light high ROIC businesses. How… Read More
Digging into our archives, Glenn reviews our investment thesis in Microsoft (MSFT). A position since the start of the AMM Dividend Growth Strategy. Glenn discusses how our thesis changed as Microsoft’s cloud computing and SaaS future came into better focus… Read More
We recently moved Wells Fargo to the category “Source of Funds”. If we need to buy a new position or add to an existing position and cash is not readily available in your account, we may sell part or all of your… Read More
Everyone is walking around with a computer in their pocket. With a few taps of the finger you can buy and sell any stock you want. Now with stay-at-home orders people have more free time. And stock trading is commission… Read More
Lead portfolio manager Glenn Busch breaks down our position in American Tower (AMT) The catalysts for future price appreciation and dividend Growth American Tower’s