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DON'T BUY
HOLD
He owns Visa, with a chart similar to MA. For MA it's been too easy for too long. It's low-vol, offers growth, boasts a wide moat, BUT there's beneath the surface investors will question valuations of the credit card companies. So, they might come down a little. But you're fine holding this for 25 years.
other services
COMMENT
August was VERY volatile, but he stayed positive and that worked for him. He had a surprisingly good August. A lot of people are worried, but we're already talking about the issues that worry us, so we are sort of prepared. There's Trump twitter fatigue, meaning the market isn't reacting as strongly to his tweets. We haven't seen value names participate, and energy has been tough. Tech names like Shopify are down a lot this week. He expects a 25 basis point rate cut.
No one expected Apple+ to cost $5/month. Roku is an open platform, not tied to a particular service; they're in a weird place as this streaming battle continues. This will continue to fall.