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1 week ago | 
prosperityresearch.com | Charles Mizrahi
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1 week ago | 
prosperityresearch.com | Charles Mizrahi
Every few years, someone sounds the alarm: “The robots are coming for your job.”A few weeks ago, Anthropic CEO Dario Amodei predicted that AI could wipe out half of all entry-level white-collar jobs within five years. In 2013, a pair of Oxford professors claimed that nearly half of U.S. employment was “at risk” from automation. These headlines grab attention, but they miss the bigger picture.
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2 weeks ago | 
prosperityresearch.com | Charles Mizrahi
Every so often, a research report crosses my desk that makes me stop everything. I’m talking about the kind of work that money managers, hedge fund titans, and veteran investors all read — because they know it’s worth its weight in gold. This report — “Drawdowns and Recoveries” — was written by none other than Michael Mauboussin, one of the sharpest minds in finance. If you’re not familiar with him, here’s what you need to know. Michael Mauboussin isn’t your typical Wall Street analyst.
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2 weeks ago | 
prosperityresearch.com | Charles Mizrahi
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2 weeks ago | 
prosperityresearch.com | Charles Mizrahi
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2 weeks ago | 
prosperityresearch.com | Charles Mizrahi
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2 weeks ago | 
prosperityresearch.com | Charles Mizrahi
Back in 2014, Steve Ballmer had already made his fortune. He’d just stepped down as CEO of Microsoft after 14 years at the helm. His net worth? Around $22 billion. And that same year, he made headlines by buying the Los Angeles Clippers for $2 billion — the highest price ever paid for an NBA team. Source: CNBC Steve Ballmer, owner of the Los Angeles Clippers, brings his trademark energy to the team he bought for $2 billion in 2014. It was the kind of flashy move that gets people talking.
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3 weeks ago | 
prosperityresearch.com | Charles Mizrahi
One thing I’ve learned over the past 40 years is this: great businesses aren’t built overnight. They grow slowly. Step by step. Year by year. Sometimes out of sight — and often before Wall Street even notices. That’s why I’m paying close attention to what’s happening right now inside one of the world’s most successful companies — and why we recommended it in April 2023 in the American Prosperity Report portfolio. I’m talking about Alphabet, Google's parent company.
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3 weeks ago | 
prosperityresearch.com | Charles Mizrahi
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3 weeks ago | 
prosperityresearch.com | Charles Mizrahi
Editor’s Note:Charles is out today for the Jewish holiday of Shavuot. He wanted to make sure that you still got this article, so he prepared it ahead of time. In 2000, Amazon’s stock was down more than 80%. The dot-com bubble had burst, and Wall Street was running for the exits. Jeff Bezos opened his shareholder letter that year with one word: “Ouch.”In the late ’90s, Bezos was just selling books online — few saw Amazon as the giant it would become.