Trump's Credit Card Cap: Winners and Losers Financial stocks are down today after President Trump announced capping interest rates on credit cards at 10%. While this may look like a good thing for consumers on the surface, it can have unintended consequences, affecting the whole financial market. Winners and losers The most affected companies would be the banks (the issuers) since they are the ones actually making money from interest. There's this idea that card networks such

You can either have a top-down or a bottom-up approach to investing. Most value investors choose bottom-up. Warren Buffett is a perfect example for this, he always invested in businesses first instead of looking at particular sectors or industries or countries. But there are some value investors with a top-down approach, for example, Ken Fisher, who wrote about it in many of his books. I have also done some top-down value investing. In 2020, I was looking at Copper miners bec

Nobody cares about your political opinions. Neither does the market. In the last couple of days, we heard about the fall of Maduro's regime in Venezuela and its impact on the market or oil prices. Of course, there were multiple conflicting opinions as it always does with politics. This is because of how our brains are wired as social animals. We need to have an opinion to be part of the group. But this doesn't help us in life or as investors. You can't change anything in fara

My portfolio returned -4% in 2025 compared to 17% for the S&P 500, making it the worst year ever for me as an investor. But that's not the worst thing that happened. My portfolio being down this year should be surprising and should be expected as we cannot have only positive years. This year, for example, Wise is down 25% and is 25% of my portfolio. It should be expected that about 5% of my portfolio will be down just because of this one position. And I'm not worried about a