Main Street Investor

  Is the Market Getting Ahead of Itself? I launched Main Street Investor during the sharp sell-off back in April. If you recall, I urged investors not to get scared out of the market during that downturn. If you kept a level head, you likely had much to gain. Now that we’re approaching all-time highs, I want to share my thoughts on investing in this kind of climate. As I said in Navigating Market Turmoil , investors often get spooked into poor decisions during downturns. Just as important, though, is avoiding recklessness when markets are going well. I believe the risk now lies more in the latter. I’m not here to call market tops or bottoms, but I hope to provide guidance on how to think both strategically and tactically across different market conditions. Incredible Market Resilience I’ve been astounded by the market’s ability to keep pushing upward despite serious challenges. Back in April, when pundits were calling for the end of American exceptionalism, the main threat wa...

Until now, I’ve used this blog primarily to share thoughts on market trends and macroeconomic developments. While it is important to understand current market conditions and have a general sense of macroeconomics, I generally find little interest in covering these topics. I am, at heart, a bottom-up investor. In other words, a bulk of what I do is analyze individual companies and invest through that perspective, rather than through a macroeconomic perspective. Today, I’m offering a first look into how I evaluate a company for potential investment. As always, this is not financial advice. I’m not recommending that you buy any stock. Instead, consider this case study a window into my investment process. Why Regeneron? Regeneron is a stock I’m currently watching closely. I already hold a position in my personal portfolio, and I may increase it significantly. That said, it’s currently one of my losing positions—down about 20%. Still, I believe the future could be bright. Th...

It’s been about two months since I published   Navigating Market Turmoil . In that post, I urged investors to remain calm despite rising concerns over the end of free trade and American exceptionalism. At the time, tariffs and unpredictable economic policies had understandably rattled investors. Still, I cautioned against selling strong positions out of fear. That advice has held up. Since then, the S&P 500 has climbed roughly 16%, and many individual stocks have seen significant rebounds. The portfolio I manage has recovered 30% and is now approaching all-time highs. I share this not to boast, but to reinforce a key point: as I said before, investors must be greedy—or at least not fearful—when markets are down. The political maneuvering we’ve witnessed has had real consequences, and the market was right to price in those risks. But as I noted in  Navigating Market Turmoil , these issues were either going to resolve themselves or escalate to a point where hedging wouldn’t ...