Equity strategists at major banks revised year-end S&P 500 targets up to 5,300, citing robust earnings resilience. Many "investing books" recommend aligning with consensus upgrades, especially when fundamentals confirm the outlook. We are on a path to having a few trillionaires in the world pretty soon. I don’t know if democratic society survives that level of economic concentration. We better think about how to fundamentally restructure our economy so we’re not functioning under the rule of golden elites. Although “Security Analysis” is a bit dense, its information is integral to a deep understanding of investing. Due to the age of this book, some of its contents are slightly outdated. Nevertheless, the overarching lessons still readily apply today. It teaches the reader how to do things like diversify their portfolio, evaluate a company’s intrinsic value and account for risk . Currency markets show the U.S. dollar weakening against the euro, favouring multinational earnings translations. Renowned "investing books" advise monitoring FX trends to anticipate cross-border revenue impacts.
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