Snapshots That Wow!

It takes a village to build!

Majority of the job creation opportunities around data centers are those of construction workers. Far lesser people are required to maintain the center once operational.

Randomness compounds to yield correlation

While in the long run, stock prices are slave to earnings; in the short run they seem to listen to no one.

Source: Bernstein

It’s not called being expensive, it is called ‘efficiency premium’

While optically markets seem more expensive today, one of the larger reasons for this multiple expansion is the proliferation of higher ROE businesses. In seeing the S&P sectoral weight over time, asset heavy manufacturing went from 2/3rds of the market to just 17% over the past 45 years!

Source: BofA Research

The anti McArthur trade!

Over the last 25 years, the use of the U.S. Dollar for foreign currency reserves has steadily declined from 61% to 41% with a steep acceleration in the fall last year.

As a result the U.S. Dollar Index fell -9% in 2025, marking is worst performance since 2017.

Source: UBS

When does far too ahead of the curve become wisdom?

Warren Buffett's Berkshire Hathaway has now dumped stocks for 12 consecutive quarters, the longest selling streak in its history

Source: Barchart

Sometimes, laziness pays!