Full episode: https://youtu.be/wKy5oO9AL2g
First episode of What Are We Missing with Pieter Slegers from Compounding Quality. He ignores macro entirely and just buys businesses he'd own for 20 years. Quality stocks haven't been this cheap in a decade. The full conversation challenged everything I do every morning.
#investing #stocks #momentum #WarrenBuffett #qualityinvesting
The best companies in the world... wide moats, real pricing power, decades of compounding... are trading at their biggest discount since 1999. So either the best businesses on Earth quietly got worse… or the market is missing something enormous.
In the debut episode of What Are We Missing, Garrett Baldwin (Me and the Money Printer) sits down with Pieter Slegers of Compounding Quality, one of the most-followed quality investors in the world, to figure out which it is.
Garrett spends his life watching the machinery under the market: liquidity, funding, macro. Pieter ignores almost all of it and has compounded beautifully anyway.
This conversation is the collision of those two worldviews... what each side's blindness buys, and what it costs... applied to the single biggest setup in markets right now: quality at a 30-year discount, in the middle of an AI panic.
Every major selloff has something in common. Everyone says it's different this time. Everyone says sell. And every time, the right move was the opposite.
This is from the first episode of What Are We Missing with Pieter Slegers, one of the sharpest quality investors writing today. We got into why the investors who do nothing during panics consistently outperform the ones reacting to every headline, and why only owning businesses you'd hold for 20 years changes the way you see every drawdown.
Full first episode: https://youtu.be/wKy5oO9AL2g
#investing #stockmarket #qualityinvesting #valueinvesting #WarrenBuffett
Berkshire just underperformed the S&P 500 by 40%. The last time that gap existed was 1999. That's where the conversation started. It got more uncomfortable from there.
This is a clip from the debut of What Are We Missing, a new show where I sit down with investors who see markets completely differently than I do and figure out what I'm getting wrong.
First guest: Pieter Slegers, one of the most respected quality investors writing today. He ignores macro entirely and has been compounding through the noise I spend every morning dissecting.
In the full episode we get into: → Why the best companies in the world are at their cheapest vs the S&P in 25 years → The AI funding loop that creates $150B in market cap out of thin air → Why I walked away rethinking how I use every selloff
Full first episode: https://youtu.be/wKy5oO9AL2g
#investing #Berkshire #WarrenBuffett #stockmarket #qualityinvesting #SP500
Why can't we just print more money?
Everybody asks it. The standard answer is: too much money equals inflation. That's not wrong. It's just shallow. It skips the layer underneath that actually explains why printing works sometimes, destroys economies other times, and is currently being done in ways most people don't even recognize. The real answer starts with understanding what money actually is, and it's not what most people think.
Full breakdown here - https://youtu.be/CDfn8tF42Zw
Ask most investors what the biggest story in markets is right now and you'll hear AI, the Fed transition, Iran, bond yields. All wrong.
It's Japan. It has been Japan for two years. A country watching its demographics shift in real time while inflation returns after decades of deflation, sitting atop the most systemically important leveraged trade in global finance. When the carry trade moves, it moves fast, and the damage doesn't stay in Tokyo. It hits your 401k before you realize where it started.
Full coverage every weekday @ https://themoneyprinter.substack.com/
#Shorts #Japan #carrytrade #forex #investing
When did Nvidia stop being a chip company?
That's the question worth asking before earnings hit. Wall Street will run through the usual checklist and miss the structural shift happening underneath. Nvidia's largest customers, the ones spending hundreds of billions on AI infrastructure, are now designing their own silicon. The relationship that made Nvidia the biggest company in the world is quietly becoming a competition for who controls the layer underneath the entire AI trade. That is not an earnings story. That is a decade-long capital flows story and this week's report is just one frame of it.
The Morning Brrrr @ https://themoneyprinter.substack.com/
If you don't know the answer, that's the problem. CTA positioning, carry trade leverage, commitment of traders data. The stuff that actually moves markets before the decision gets announced. We cover it every morning before the bell. Most financial media doesn't.
Follow FREE at https://themoneyprinter.substack.com/
Bank of America just issued a warning comparing current conditions to levels not seen since 1720. The 30-year has been locked above 5% for two straight weeks. The ten-year keeps climbing. And the financial plumbing underneath it all is starting to show signs of stress that don't make the front page.
This is worth 3 minutes of your morning. https://youtu.be/kyP4f702crI
Join us every weekday morning for The Morning Brrrr @ https://themoneyprinter.substack.com/
President Trump met with President Xi Jinping in May 2026. There were headlines... and then there was reality. We explore the difference between the two, and breakdown what this means for investors and traders as we move into the summer. This is the most important time to be paying attention to broader market momentum...
He came back from Beijing with a $250 billion number and a plane full of CEOs smiling for the cameras. The market loved it for about two hours.
Then Goldman's Delta One desk published their take: little in the way of immediate tangible outcomes. The Boeing orders are letters of intent. The oil purchases are vague. Nvidia's access still has conditions attached. This is a headline packaged as a deal and the market will figure out the difference soon enough.
Link in the comments for more...
Russell 2000 went negative on Friday. Equal weight S&P went negative. Cap weight S&P stayed positive. If you understand what that gap means you already know the warning.
A handful of stocks are propping up the index while everything underneath them is starting to roll over. Options expiration on third Friday just added fuel. Nomura is sounding the alarm and the numbers are backing it up.
Join us FREE at Substack for the full breakdown. Link in the comments.
The last time markets rallied like this... well, that was the Dot-Com Bubble. Our focus today is on breaking down why the market is rallying in the first place. The S&P 500 is at an all-time high, yet 10% of the index is at annual lows. This is a deep dive into how market mechanics work.
IEEFA published a report showing the EU will source two-thirds of its LNG from the U.S. in 2026, heading to 80% by 2028. Europe didn't diversify away from Russia — it just switched dealers. And at the Trump-Xi summit this morning, China signaled interest in buying more American oil. Two of the world's largest economies are simultaneously increasing dependence on U.S. energy. The investment play: U.S. midstream and storage (Cheniere, Enterprise Products, Energy Transfer, Williams, Kinder Morgan, Sempra).
Look at who got on the plane. That tells you everything you need to know about what this trip to Beijing is actually about. The rare earths pause expires in October and the AI hardware pipeline is being choked by export controls on both sides. This isn't diplomacy. This is a corporate negotiation at the highest level and the question nobody can answer yet is what it's going to cost.
Full breakdown on The Morning Brrrr @ https://themoneyprinter.substack.com/
Every quarter, fund managers who run more than $100 million have to turn over their cards. Every long position, disclosed. Those filings are about to drop for Q1 2026 and the next few days are going to reshape how the market reads institutional positioning heading into summer.
Catch the full breakdown every weekday morning FREE on Substack. Link to join in the comments.
Korea floated an AI profit tax and the KOSPI crashed 5.1% overnight. CPI just came in at 3.8% — the highest print since May 2023. The 30-year broke above 5%. Three of our four key charts are flashing concern. And oil is back above $100.
In this market update, Garrett Baldwin breaks down the six things you need to know today — what happened, why it matters, and what action to take.
April CPI came in at 3.8%. Three-year high. Consumer cyclical stocks felt it immediately and for the first time in five and a half weeks the momentum trade showed real cracks. Markets are now pricing a 25% chance of a rate hike by December. Oil from the Iran conflict is bleeding directly into this print and that pressure is not going away anytime soon.
Catch the full breakdown every weekday morning FREE on Substack. Link to join in the comments.
$100 oil doesn't just move the energy market. It breaks the math on everything else. The CPI print dropping this week was already expected to come in at 2.6%. With oil here that number is almost certainly wrong in the wrong direction.
The Fed cannot cut, bond volatility is harder to suppress, and the Treasury's strategy for managing all of this now has a third force working against it. Japan is selling Treasuries to defend the yen. Oil is pushing inflation higher.
The diplomacy to hold it together is happening in Tokyo and Beijing this week. Follow Me and the Money Printer FREE on Substack. We'll be on it. Link in the comments.
Instead of building infrastructure, our best and brightest are building MORE ETFs…
Nine space-focused ETFs have launched or filed since September 2025, with six filing in 2026 alone.
There are UFOD, MARS, SPCI, NASA, SPCL, ORBX... all born in the last three months.
Eric Balchunas on X and Syz Group
Three more filed in April.
As I wrote in “The SpaceX IPO is What’s Broken with the Market,” the passive plumbing is being pre-wired before the stock even trades.
Only a 5% float will force mechanical buying, artificially inflate the founder's wealth, and force everyone into the stock, whether they want it at its 100x revenue valuation or not.
One ETF changed its methodology specifically, so SpaceX qualifies on day one.
I am on the record. I think the whole thing stinks.
Here’s today’s video on the subject…
https://www.youtube.com/watch?v=wEYD4ZGCTCY
If the only answer to this IPO is… “Yeah, but everyone is going to make money…” then we have lost the plot.
Those are famous last words… I refuse to pretend this is real capitalism.
I’ll defend this hill, mourning something that was beautiful and eroding, while others ignore me and cash out screaming, “Well, everyone else was doing it… What’s the problem?”
The problem is right in front of us… Look at it.
This isn’t how public markets are supposed to work.
