The tech giant&#8217;s growth continues unabated. The big six now command nearly one-quarter of the entire S&amp;P 500 by market cap.

The most amazing part about this whole thing is that it is justified. It&#8217;s hard to claim that these stocks are in a bubble when analyst estimates are continually behind the curve. They just continue to raise the bar.
For example, the iPad, which is the smallest of Apple&#8217;s five ...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/04/the-biggest-threat-to-tech/">The Biggest Threat to Tech</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

The Biggest Threat to Tech

At the annual Berkshire Hathaway meeting, Warren Buffett was asked about Bitcoin. He dodged the question. His partner, Charlie Munger, did not.
&#8220;I hate the bitcoin success. And I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth,” he said. “So I think I should say modestly that I think the whole development is disgusting and contrary to the interest of civilization.”
Th...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/02/they-said-what/">They Said What?</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

They Said What?

Articles
Disruption always looks obvious in hindsight (By Packy McCormick)
Is there any there there in the price of Bitcoin? (By Ben Hunt)
Even during a decade marked by an almost uninterrupted bull market, the average stock wasn’t much good (By Jon Rekenthaler)
The adulation of young people is like oxygen to the aging billionaire businessman for whom the prospect of making “more money” no longer serves as the intox...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/05/02/these-are-the-goods-215/">These Are the Goods</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

These Are the Goods

Today’s Animal Spirits Talk Your Book is brought to you by Collectable

Listen here:

On today’s show we talk about:

How the average investor can get access to high-end sports memorabilia
Where valuations come from
How information transparency has changed the market
How card manufacturers are keeping scarcity high
How the marketplace works
How collectibles are a natural extension of sports betting and fantasy sports,...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/30/animal-spirits-the-sports-memorabilia-boom/">Animal Spirits: The Sports Memorabilia Boom</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Animal Spirits: The Sports Memorabilia Boom

A week ago, stocks fell ~1% on news of President Biden&#8217;s tax proposal. Now a 1% decline isn&#8217;t newsworthy, but considering how quiet the market has been over the last few weeks, this was a rather noisy day.
And then for the lolz, on Friday the market erased all of the prior&#8217;s day declines and then some. I guess I shouldn&#8217;t be surprised. The returns on a single day tell you nothing about what will ha...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/29/a-random-walk/">A Random Walk</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

A Random Walk

We just heard from the most important company in the world that business is booming.
$89 billion in sales is by far the largest number for the second quarter than they&#8217;ve ever had.

I know we have to take y/o/y numbers with a grain of salt, but come on. This is absolutely insane!

The iPhone is without a doubt the best-selling consumer product of all time. $133 billion in sales in the last 2 quarters alone!  
At 54...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/28/apple-is-on-fire/">Apple is on Fire</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Apple is on Fire

Today’s Animal Spirits is brought to you by YCharts


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On today’s show we discuss:

125:1 leverage on Bitcoin, lol
 The hottest housing market in the United States
Crypto hurts your personal relationships
Young people are drowning in insecurity
Young people not having sex is not a joke
The YOLO Economy
Biden&#8217;s tax goals
A hou...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/28/animal-spirits-the-yolo-economy/">Animal Spirits: The YOLO Economy</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Animal Spirits: The YOLO Economy

This made me laugh. 74% of respondents said that value stocks will outperform growth stocks over the next 12 months.

This comes from Barron&#8217;s Big Money Poll, where they ask 152 money managers across the country were polled about their outlook for various investments over the next 12 months.
We&#8217;ve gone from &#8220;is value investing dead&#8221; to &#8220;of course value will outperform&#8221; in less than 6 mo...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/27/big-money-poll/">Big Money Poll</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Big Money Poll

Articles
Employee stock options are the lifeblood of a startup. (By Packy McCormick)
The pie continues to grow (By Blair duQuesnay)
If you had put the three U.S. stimulus checks into Dogecoin around the time they were sent out, you would have over $300,000 now (By Nick Maggiulli)
Double down on the things you love to do (By Ben Carlson)
30-year mortgage rates are back below 3.0% (By Tadas Viskanta)
Podcasts
Keep costs dow...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/25/these-are-the-goods-214/">These Are the Goods</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.

Brokerage accounts are for investing. If you want an adrenaline rush, drink a couple of Four Lokos*.
The volatility of Bitcoin makes the S&amp;P 500 look like a short-term bond. Imagine investing in Bitcoin and thinking &#8220;I need 20:1 leverage.&#8221;

Evidently, there are people out there doing this with a lot of money. According to data provider Bybt, crypto traders lost $10.1 billion last Sunday to liquidations aft...The post <a rel="nofollow" href="https://theirrelevantinvestor.com/2021/04/24/liquidation/">Liquidation</a> appeared first on <a rel="nofollow" href="https://theirrelevantinvestor.com">The Irrelevant Investor</a>.