✍️ Warren Buffet's Stock Buybacks, S&P 500, Bitcoin & MicroStrategy + Work Emails = Maverick Equities Charts of the Week #51

5 Maverick Charts that say 10,000 words

Dear all,

5 cherry picked Maverick Charts of the week say 10,000 words or more = the ‘How’!

Table of contents = the ‘What’ with the aim for a high density of ideas because the best respect the reader’s time:

📊 Maverick Charts: Buffet’s stock buybacks, S&P 500, Bitcoin & MicroStrategy

📊 Bonus: Never Send These 4 Emails at Work (Employment Lawyer’s Warning)

Objective: both data-driven insights + valuable food for thought = the ‘Why’!

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📊 Maverick Charts: Buffet’s stock buybacks, S&P 500, Bitcoin & MicroStrategy 📊

1. Buffett’s Berkshire (BRK) & buying back their own stock:

👉 no stock buybacks since Q2 2024

👉 the higher the price, the less doing buybacks

And that’s the way to do it ... while on the other side Corporate America is buying back stock massively — above $1 trillion this year & around $1.2 by year-end.

“The math isn’t complicated: when the share count goes down, your interest in our many businesses goes up.” … “... IF repurchases are made at VALUE-ACCRETIVE prices.” Buffett

✍️ Warren Buffett’s Cash Pile ... & More! Maverick Special #4 was released in February this year - I will update it all next week with more charts, context and nuances!

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2. S&P 500 Net Profit Margin (NPM):

👉 = 13.1% = 7th consecutive quarter increase

👉 above the previous quarter’s NPM, a year-ago, and above the 5-year average

👉 in fact, this quarter marks the highest NPM in 15 years (FactSet’s historical data)

👉 previous high was 13.0% in Q2 2021

3. S&P 500 chatter box:

👉 AI AI AI ... 62% of the companies mentioned ‘AI’ during the Q3 earnings calls ...

4. Indicators of U.S. Corporate AI adoption:

👉 according to the Census Bureau survey of large firms = 13%

👉 Goldman Sachs own survey of companies = 37%,

👉 along with those claiming on earnings calls to be using it = 47%

P.S. way more via my future two distinct S&P 500 reports & materially improved in all areas: structure, flow, insights and special metrics you rarely see:

✍️ S&P 500 Report: Valuation, Fundamentals, Special Metrics & Leading Indicators

✍️ S&P 500 Report: Performance, Sentiment, Seasonality, Technical Analysis

For Top-down & Bottom-up approaches, connecting the Macro-Finance bridge also:

✍️ The State of the U.S. Economy in 75 Charts

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5. Updating the ‘Bitcoin & MicroStrategy symbiosis’ chart:

👉 Bitcoin -28.5% drawdown

👉 MicroStrategy -60.6% drawdown

👉 complementary, since July: Bitcoin down -25%, Strategy down -56%

👉 MicroStrategy filed to change its name yet again, new name = Strategy. I wonder why? I mean when one has a great strategy, why change the name so often? 😉

All that ‘intelligent leverage’, high yield, perpetuals and ‘variable monthly dividend designed to maintain a stable price’ ... are not working anymore? 😇🙃😃

N.B. MicroStrategy-Bitcoin case will very likely get historical & textbook use case. Hence, I might do a Maverick Special report on it! Stay tuned!

✍️ Bitcoin and MicroStrategy Symbiosis

Bonus: one MEME to say it all in this different fashion! 😉

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📊 Bonus: Never Send These 4 Emails at Work (Employment Lawyer’s Warning) 📊

I am in general the optimist-realist bringing the good vibes. Nonetheless, in order to be and do that, when it comes to one’s job and career, one should also approach that via the investing mantra: ‘Watch the Downside, the Upside Will Take Care of Itself!’ 😉

👉 I have seen many great good hearted folks lose their jobs and derail their career via one of the mine fields we all have in our jobs: the work email = a legal record!

👉 the most important, how to protect yourself? Via a Washington employment lawyer: 4 specific emails you should never ever send from your work email account!

👉 naturally, it is not Legal advice + check the comments in the video from the IT guys especially + note things vary across countries (in Europe a bit different but still)

P.S. I am not affiliated or paid to promote this video, just sharing a great resource according to a friend of mine that is also a lawyer (based in Vienna, Austria)

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Maverick Charts 51th edition done, 5 key charts with many insights + Bonus!

You can check all the previous 50 editions in the Maverick Charts section!

Mission accomplished for me if the following resonates with you:

• ‘Hmm I never thought it that way’, ‘now that chart said a whole lot’, ‘now that chart was really interesting’, ‘now that is something new’, ‘now I got it!’, ‘you managed to turn something complex into something actually simple’

• hence, if you got to see something differently, my approach gave you a different angle, it did help you connect your key dots, then here we all do well!

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Have a great day! And never forget, keep compounding: family, friends, hobbies, community, work, independence, capital, knowledge, research and mindset!

With respect,

Your Maverick 👋 🤝