Weekly Investing Roundup – News, Podcasts, Interviews (06/27/2025)

This week’s best investing news:

The Way to Win w/ Bill Nygren (RWH)

How Countries Go Broke — Ray Dalio on why timing is everything (FT)

AQR’s Cliff Asness Sides With Jim Chanos in Critique of Michael Saylor’s Strategy (Bloomberg)

Ken Griffin on Building Citadel, AI & Independent Thinking (S&P)

The Real Estate Drag on Corporate Japan (Verdad)

Michael Mauboussin on valuation, capital allocation & competitive advantage: Create More Value (Fortuna)

How Richard Pzena Teaches You to Think: Moats and Valuation (Thematic)

Wharton’s Siegel Sees a Lot of Positives for Stocks (Bloomberg)

Investment heuristics cage match (Klement)

Sidestep The Speculative Euphoria With A More Fundamental Approach To Markets (JF)

Active Management’s Persistent Failure (WM)

Podcast interview with Kelly Granat of Lone Pine Capital (ILTB)

Oaktree co-founder Howard Marks calls on China to open up to foreign investors (FT)

Spend Nothing by Jonathan Clements (HumbleDollar)

Some fires are best left to burn out (Havenstein)

Fisher Investments’ Founder, Ken Fisher, Debunks: “Stocks Love Lower Taxes” (Fisher)

Mind the gap between GAAP and non-GAAP earnings (TKer)

NYU’s Aswath Damodaren: Earnings have held up, warranting valuations (CNBC)

MiB: Steve Laipply, Global Co-Head of Bond ETFs at BlackRock (Big Picture)

The Value Perspective with Jonathan Boyar (TVP)

2025 Reunion: Insurance Panel – Markel International (Markel)

Lessons on Money & Life I Learned From Warren Buffett (Advisor Perspectives)

Near-record asset allocations to stocks (Sandbox)

Checking In on AI and the Big Five (Stratechery)

Eyes Forward (Humble Dollar)

Non-US Equities: An Exception to American Exceptionalism? (FEIM)

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This week’s best value investing news:

Value Investing Is Getting a MAGA Bump (Bloomberg)

Can a deep value approach work for individual investors? (Morningstar)

Is now an unusually attractive time for value stocks? (Natixis)

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This week’s Fear & Greed Index:

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This week’s best investing podcasts:

Avoiding Common Mistakes and Dangerous Financial Advice with Barry Ritholtz (HNTI)

Rob Arnott & Cam Harvey on Passive Investing Risks, The AI Boom & Stimulus That Doesn’t Stimulate (Meb)

Buffett Does It. Most Value Investors Don’t | Robert Hagstrom on the Real Key to Compounding (ER)

Diversifying Concentrated Positions While Deferring Taxes with Wes Gray (BB)

5 Ways to Look at Return on Invested Capital (ROIC) for Microcaps (MCC)

Digital Advice in 2025: What You Need to Know About Robo-Advisors (Morningstar)

#234 Indra Nooyi: Lessons from the Top of PepsiCo—and the Cost of Getting There (KP)

Hugh MacArthur – Private Equity’s Challenges and Opportunities (EP.453) (Capital Allocators)

The Chainsmokers – Music & Markets (ILTB)

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This week’s Buffett Indicator:

Overvalued

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This week’s best investing research:

Are Discount Rates More Important than Future Earnings for Stock Valuation? (AA)

Strategic Asset Allocation: Practical Considerations for Alternative Investments (AllAboutAlpha)

Outperformed by AI: Time to Replace Your Analyst? (CFA)

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This week’s best investing tweet:

Take a look at this. The Tech sector’s profitability (return on equity) has reached levels previously unseen. At 27.8%, the sector’s ROE separated from the pack in 2019 and has not reverted. In the past, this figure would come down to “normal” after a few years. Thus far, no. pic.twitter.com/b6NgfQ6Ts4

— Jeff Weniger (@JeffWeniger) June 24, 2025

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This week’s best investing graphic:

Ranked: The Most Popular eCommerce Sites in America (Visual Capitalist)