I’m Buying $10,000 Of This Stock, Here’s Why
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Today on the Joseph Carlson Show, buying $10,000 more of Google stock, already owned. Why buy at all-time highs after 40% surge? Primary reason relates to Oracle's spectacular earnings: revenue projections left analysts in shock, "We're all kind of in shock. Oracle's revenue projections leave analysts slack jaw." Larry Ellison gained $110 billion in one day from his Oracle stake. Wall Street Journal, Bloomberg, Financial Times report Oracle shares skyrocketing 43%, up $100, due to massive AI deals. Similar to Nvidia's recent move.
Explaining Oracle's surge: massive AI deals. Covering details and implications for Google and Amazon. Other news: Apple event with iPhone Air (thinner iPhone) and new AirPods with live language translation, potentially demise of Duolingo. Bank CEOs disagree: JP Morgan's CEO says economy weakening; Wells Fargo's Charlie Scharf says things look normal. Robo-taxi developments: Zuks (new Amazon caravan vehicle) fully autonomous, live in Vegas.
Placing buy order for at least $10,000 more Google today, increasing stake. In passive income portfolio, top holdings: 1. S&P Global, 2. Mastercard, 3. Costco, 4. Microsoft (larger than Google), 5. Google. These are wide-moat, durable companies keeping capital safe with steady compounding. Buys high-quality companies for long-term compounding, no dramatic risks.
Google recent addition, up 45% money-weighted, +$20,000. Many investors stop buying winners due to biases like anchoring bias (anchored to average share price of $176 in this portfolio). Current price ~$240, but still adding because:
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