Billionaire investor Bill Ackman's hedge fund Pershing Square currently manages $19 billion in assets, but the allocation of this money is a bit unusual—75% of the $15 billion stock portfolio is concentrated in just 5 large-cap stocks.
This sounds extreme, but the logic behind it is very clear: Ackman only buys companies that he believes are high quality but undervalued. Instead of spreading bets widely, it's better to carefully select a few targets with strong certainty. Currently, Pershing Square only holds stocks from 15 large-cap companies in North America.

Ackman reduced his holdings of Alphabet Class A shares in Q3, possibly for take profit and risk adjustment, while Wall Street analysts are optimistic about Alphabet's long-term growth, especially in AI and cloud computing. Reducing position does not indicate a bearish outlook but rather an adjustment in investment allocation. Whether to continue reducing position will affect the market's perception of AI valuations.

Want to turn options into a money-making machine? Day trading options is the game—if you know how to play it. Here's what separates winners from bag holders.
Why Options for Day Trading?
Forget holding positions for weeks. Day trading options is about catching intraday moves and exploiting

Everything's down—stocks, real estate, crypto. So what do you actually do with your money?
Here's the thing: some of the "boring" moves hit different when markets are tanking.
I-Bonds are currently offering 6.89% (was 9.62% last year). Government-backed, interest compounds every 6 months tied to i

PLTR has risen 141% this year, and Jim Cramer recently even said it is "unreasonably cheap"—this statement is worth exploring.
Data is here: Palantir's P/E ratio reaches 621, far exceeding any peers in the software industry. By traditional valuation metrics, this is undoubtedly an astronomical price. However, from the "Rule of 40" SaaS metric perspective, it scores as high as 94%—combined with high growth and improving profit margins, it is unmatched in the enterprise software sector.
This is the problem - which of the two logics is correct?
Traditional valuations (P/S, P/E, cash flow yield) indicate that PLTR is expensive; however, SaaS industry metrics suggest it is worth this price. Most institutional investors trust traditional methods more, so in the face of such high valuations, their choice is often to lock in profits rather than increase their positions.
Creamer's观点算少数派。如果按照绝大多数机构的逻辑，PLTR更像是

Most millionaires aren't flashy; they prioritize budgeting, emergency funds, and long-term investments. They value experiences over material possessions, donate regularly, and make financial decisions based on planning and delayed gratification.

When playing with options, I often hear people talk about "Intrinsic Value" and "Time Value", but what exactly are these two things? Simply put, the price of an option = Intrinsic Value + Time Value, it's that simple.
Intrinsic Value: Money that can be earned now
Intrinsic Value is how much can be earned by exercising immediately.
Call Options:
- Formula: Current Price - Strike Price
- Example: A certain stock is currently priced at 60 yuan, the strike price of the call Options is 50 yuan, Intrinsic Value = 60-50 = 10 yuan. You exercise the option now, buy the stock at 50 yuan, and immediately sell it at 60 yuan, earning 10 yuan.
Put Options:
- Formula: Strike Price - Current Price
- Example: Current stock price is 45 yuan, put option strike price is 50 yuan, intrinsic value = 50-45 = 5 yuan. If you exercise now, you can sell this stock at a price of 50 yuan, which is 5 yuan higher than the market price.
Key point: Intrinsic Value cannot be negative. If calculating the conclusion

Natixis Investment Managers just dropped their annual retirement index, ranking 44 countries across four key metrics: healthcare access, quality of life, financial firepower, and pension system quality.
The top 10 tells an interesting story—spoiler alert: Nordic/EU countries dominate hard.
The

Recently, Reddit discussed whether $200 for groceries is enough for a week, sparking heated debates about the food expenses of a two-person household. There are examples of successfully saving money through bulk purchasing and self-sufficiency, particularly a person who spends only $80 on groceries each month. Key money-saving tips include bulk buying, choosing local farmers' markets, inexpensive protein, discounted vacuum-sealed meat, and growing your own vegetables.

Homeowners are tempted to use HELOCs for investment or debt repayment, but financial advisor Dave Ramsey warns against it. Risks include gambling with your home, variable interest rates, and false debt elimination, which can lead to significant stress and financial instability.

Here's a stat that might shift your perspective: 1 in 15 Americans is now a millionaire. That's roughly 22 million people, and the number is only growing—UBS projects the millionaire population will hit 25.4 million by 2028 (a 16% jump). So it's not a fantasy anymore; it's becoming the new

Sugar futures just spiked to their highest levels in five weeks, and there's a tug-of-war brewing between supply constraints and surplus forecasts.
The Bullish Catalyst: Brazil Tightens Supply
StoneX just

Tesla faces significant challenges compared to its peers in the Magnificent Seven. Declining electric vehicle deliveries, plummeting profit margins, and limited energy business growth hinder its potential. Additionally, the ambitious Robotaxi plans remain unproven. With its stock heavily overvalued, investing in Tesla may not be wise by 2026.

The plot thickens. Just weeks after Trump-Xi's trade truce in Busan, the Commerce Department is quietly exploring whether to let Nvidia flog its H200 chips to Chinese companies—a move that would basically flip decades of export control policy on its head.
Here's what's actually on the table:
Nvidi

Nvidia's exceptional Q3 growth highlights its role in the AI infrastructure market, but real momentum lies with AI app developers OpenAI and Anthropic, whose impressive revenue growth indicates actual profitability and adoption of AI technologies.

The essay discusses the recent strength of the US dollar due to positive economic data and shifting Fed rate-cut expectations. It highlights the impacts on currency pairs like EUR/USD and USD/JPY, the decline in gold and silver prices, and the underlying themes of central bank divergence and market reactions to economic indicators.