Blake Anderson
Buffett Waves Goodbye
By Blake Anderson, CFA®, Associate Portfolio Manager Warren Buffett’s departure from Berkshire Hathaway doesn’t feel like the typical CEO retirement. Buffett’s leadership of Berkshire Hathaway stands as one of the most impressive track records in corporate America, both from an operational standpoint and an investment performance standpoint. I wrote about Berkshire’s Rise to $1 Trillion …
Blake Anderson
January 5, 2026
IPO Activity Normalizes in 2025
By Blake Anderson, CFA®, Associate Portfolio Manager The Initial Public Offering (“IPO”) window reopened in 2025. IPOs are seen as the lifeblood of public capital markets and a measure of risk sentiment, with IPOs often the largest funding round in a company’s life, enabling the companies to vastly expand their investor base. IPO volume largely …
Blake Anderson
December 29, 2025
Tech’s Recent Tumble
By Blake Anderson, CFA®, Associate Portfolio Manager Shares of major technology companies have fallen into correction territory in recent weeks. There are a few potential drivers of this drawdown, but it’s also worth it to reiterate that technology investments are inherently volatile. Investors operate under the guise of imperfect information that can often be spun …
Blake Anderson
December 22, 2025
A Deeper Dive in Tech’s 2025 Outperformance
The technology sector is on track to be the highest-returning S&P 500 sector of stocks in 2025. This outperformance can in part be explained by better-than-average earnings revisions for the sector relative to the broader market. And this fundamental strength in tech stocks has been led by the largest companies in the sector. A Strong …
Blake Anderson
December 15, 2025
The Magnificent 7 Has A New Look – Broadcom’s Banner Year
Investors referring to the ‘Magnificent 7’ ought to update their rolodex. Broadcom has quietly become the seventh largest stock in the S&P 500, surpassing Tesla. Perhaps ‘Elite 8’ is a better title for these stocks. Broadcom has marched higher this year, registering the second-best year to date stock price gain amongst the largest stocks in …
Blake Anderson
December 5, 2025
The Growing (and Evolving) Use of AI
The use of artificial intelligence in modern workplaces is growing and evolving. Two recent studies – McKinsey’s ‘The state of AI in 2025’ and Perplexity’s ‘Perplexity at Work’ – offer some insights into both trends and help illustrate the breadth of AI adoption. AI Has Become an Imperative The use of AI in the workplace …
Blake Anderson
December 1, 2025
Getting Big by Selling Slim – Eli Lilly’s Rise to $1 Trillion
Eli Lilly’s market cap eclipsed $1 trillion in Friday’s trading session (according to FactSet data). They became the first healthcare company to achieve this milestone. The simple explanation for how this company joined the four-comma club is ‘diversified growth’ as a product of research and development. The company has cultivated numerous blockbuster drugs culminating with …
Blake Anderson
November 24, 2025
Nvidia Beats Expectations
Nvidia’s latest quarterly results exceeded both the company’s and investor expectations. The company posted quarterly revenue of $57.0 billion which exceeded the $54.0 billion of revenue the company guided for. This $3 billion beat was their strongest beat ever and underscores the demand the company is seeing. Earnings per share (“EPS”) of $1.30 exceeded the …
Blake Anderson
November 20, 2025
Tesla’s Big Vote
Tesla hosted their annual shareholder meeting this past week. While most annual shareholder meetings “put you to sleep” (in the words of Elon Musk), Tesla’s meetings often excite investors about the company’s future, and this meeting did just that. With shareholders overwhelmingly voting ‘For’ Mr. Musk’s pay package followed by a preview of futuristic technology …
Blake Anderson
November 10, 2025
Tech Earnings Conclude
Technology investors are walking away with a smile from this earnings season. Many of the largest companies in S&P 500 traded higher after their earnings report, with the notable exception being Meta. The fundamental results produced by these companies were largely cheered by investors and fueled earnings expectations, as well as spending expectations, higher. And …
Blake Anderson
November 3, 2025