Subscribers will remember that I used to have a publication called Chart Breakout, back in the days of dead tree publishing. It came out once a month and had to be printed, stuffed in envelopes and posted by good old snail mail.
Now we send out alerts which means we are not limited to once a month and as soon as I have finished writing them I press publish and moments later subscribers can read my 'golden' words of wisdom.
This alert is a bit like an online version of the old Chart Breakout. Much like the print version I confine all my recommendations to shares in companies which I have already identified as 3G (great growth, great story, great chart). I am not interested in any other kind of share, which is why so many of my recommendations are US technology because that is where the growth is happening.
I increasingly find parallels between what is happening now and the Renaissance. Much of the action back then came from a handful of superstars based somewhere in Italy and as we now know they were not passing fancies but Gods walking the earth, guys like Leonardo da Vinci, MichaelAngelo, Raphael, Botticelli, Petrarch, Dante and company.
The Renaissance was an incredible period in art and culture and was greatly aided by the 15th century invention of the Guthenberg Press. Not coincidentally Bill Gates has compared the importance of generative AI to the invention of the printing press.
We are again in an incredible period but the counterpart to those great artistic studios and the city states of Renaissance Italy are US corporations which are centres of research and development with funding most universities can only dream of and which are driving innovation at a furious and accelerating pace.
Nvidia alone, just one company and by no means the biggest, will spend over $8bn on research and development in 2023 and they are already at the cutting edge of semiconductor development. Forget about the stock market. What is happening at Nvidia is moving the needle for Homo Sapiens as a species. It really is incredible what is going on at corporate America.
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