Start selling Nvidia?

 Claude says WAIT. 

1. Historical precedent is clear - No company has sustained P/S ratios above 40x for extended periods, regardless of how revolutionary their technology was
2. The gap is extreme - Palantir at 69x sales isn't just slightly above historical peaks; it's in uncharted territory that suggests pure speculation rather than fundamental analysis
3. Even quality doesn't justify everything - While Nvidia and Palantir do have competitive moats, valuations this extreme assume near-perfect execution and market dominance for years to come

The key insight is that even if AI proves as transformative as the internet (which it likely will), that doesn't mean current stock prices are justified. The internet revolutionized everything, but most internet stocks from 1999-2000 were still terrible investments at those prices.

Bottom line: The Motley Fool's argument is mathematically sound and historically grounded. These valuations price in not just success, but perfect, uninterrupted dominance - something the market rarely delivers, even for the best companies.

Asked  Claude when to sell:

Bottom Line: Nvidia is a hold rather than an immediate sell, despite some short-term technical concerns. Wait for the Aug 28 earnings results before making major selling decisions.

What if...?

 TSEM - 9% up today. Only yesterday I was considering it. Cowards never win.

Tasmania

By 1804, the British colonial government & their convicts started to slaughter and murder the Tasmanians in cold blood because they didn’t consider the Aborigines to be full humans.

From X.

Not really. The main issue was that they stole the sheep.

118 Aborigines were killed by British settlers between 1803 and 1834. Seventy-two of these killings took place during the warfare of 1824-31, in which Aborigines themselves slew 187 whites, including women and children.

The last Tasmanian died around 1854.

BTW, Australian Aborigines were latecomers. The continent was peopled by Philippine pygmies, and they replaced them. That is the sapiens way.

Europe exists

 

The President of the United States faces the leaders of Europe. We live in a tri-polar system: America, the EU, and China. The EU project is developing flesh and bones. It is no longer the 1951 Coal and Steel Community founded by Schumann.

Seeing the fruits of the seed I planted fifty years ago

 Pancho Cue produces cheese. 

One of my projects has matured (after half a century). 

Optimism in Israel

More Mutual Funds CEO and CIO Yotav Costica agrees that the market optimism stems from expectations that are broader than a deal with Hamas. He says, “The last few months have been very positive for the Israeli capital market, which has managed to deliver significant excess returns relative to the world, both in the stock market and the bonds market. This was due to the military success in Lebanon and the subsequent ceasefire, the fall of [Syrian president Bashir al-]Assad and the election of [Donald] Trump. We estimate that the positive trend will continue due to the emerging [Hamas] deal, which could provide a tailwind for the Israeli stock market, which may continue to outperform Europe and the US. In addition, it can be assumed that the shekel, which has been one of the strongest currencies in the world in recent months, will continue to strengthen, especially if we see the Abraham Accords expanding.”

Lying Models

This is not me, I copied it from a chat. Models do these things