![]() Just like Walmart taking that core cash, putting it into sort of data and e-commerce. And that cash is being reinvested into the sizzle, which is EV. It is that business is throwing off cash. If you havent added any payment methods yet or want to use a different one. Choose the one you want to use with Walmart Pay. It's got a core business, which is not EV. If youve already loaded credit cards, debit cards, or gift cards, youll see them displayed. And I have stayed out of Tesla, which is a move I will probably regret, particularly seeing what's going on with the charging network today.įord and GM, it's a similar thesis. You're also looking at those boring, especially, I guess, compared with Tesla.ĪNN BERRY: Yeah. What's it, like what, 1 and 1/2 percent or so? So obviously, you're prioritizing some dividend, but not necessarily a big dividend, right, when you're looking at these various companies? So that's where it's boring, but perhaps it evolves into something more glamorous. And they're using it for product development. They're using it to sell sophisticated ad services. Over 100 million Americans touch Walmart in some way. That company is collecting a ton of data. And a little bit around the edges, it's boring with a little bit of sizzle coming around the edge. However, it's got a cash dividend, which I like to have to reinvest back. So that's where, I think, Walmart is important. And we've seen this migration towards even higher income demographics. Everyday low prices, and particularly if there's a recessionary environment coming, we all going- do you remember EDLP is going to come back in fashion. So Walmart to me is boring in the sense, again, it's groceries, right? It's a low-margin business, but it's the lead player. Tell us why Walmart and name a couple other ones.ĪNN BERRY: Yeah. Well, let's talk about the boring picks that you like. But I want to keep some money available to go into some of the more glamorous stuff too. These are the moments where I want to hunker down in the boring, Diane. I do think we're in bubble territory because people are putting money to work without clear definitions and clear monetization paths. The other thing is too, there is such an important moment we're in an inflection point around technology, around AI. ![]() There's almost no presence of an equity risk premium. Why boring, though, right now in particular?ĪNN BERRY: I think, Julia, that we're at this really tricky moment in the markets, where if you look at the S&P, if you look at the NASDAQ on a PE basis, it's very expensive relative to historical. And often, I like to think they've got dividends being yielded as well. Some people would call glamorous.īut they aren't necessarily the big juggernaut, the big growth stories, the big AI stories. We know they're not going to disappear overnight, where they generate a lot of cash flow. So I think large businesses at scale that have been around for a really long time. So let's talk about what the dullness means. But take us through what you see as potentially boring.ĪNN BERRY: I think let's define boring. So talk to us about some of your bor- I like one of them. Download Walmart Mone圜ard and enjoy it on your iPhone, iPad, and iPod touch. ![]()
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