In my July 26, 2025 CME Group Inc. (CME) post, I state that CME's Board authorized up to $3B in opportunistic share buybacks. On October 10, 2025, CME and S&P Global (SPGI) announced the completion of the sale of their 50/50 OSTTRA joint venture to KKR for ~$3.1B. Given these two events, I envision [...]
At the time of my February 6, 2025 post, Blackstone (BX) had just released its Q4 and FY2024 results. The company's outlook for FY2025 suggested it would be a year of robust results. Looking at BX's Press Releases, we see that it has been extremely active. Recently, BX announced that funds managed by BX [...]
I last reviewed Nasdaq (NDAQ) in this July 26, 2025 post at which time the most current financial information was for Q2 and YTD2025. With the release of Q3 2025 results on October 21, 2025, this is an opportune time to revisit this relatively small existing holding. Business Overview The best way to learn about [...]
When I last reviewed Moody's (MCO) in my April 27, 2025 post, I considered shares trading ~$437 to be close to my ~$450 fair value estimate. I, therefore, decided not to add to my exposure. Business conditions have improved subsequent to that review. With the October 22 release of Q3 and YTD2025 earnings and revised [...]
I last reviewed West Pharmaceutical (WST) in this July 25, 2025 post at which time I stated that the company's recovery appeared to 'be on track'. I concluded that very recent share price behavior suggested investors were warming up to WST. With shares trading hands at ~$279 and ~$280 being a what I deemed to [...]
I reviewed Intuitive Surgical (ISRG) in this July 24, 2025 post following the release of Q2 and YTD2025 results. After listening to management's presentation at the September 3, 2025 Wells Fargo Healthcare Conference, I published this September 3 post in which I disclose my September 3 purchase of another 194 shares @ an average cost [...]
In my last Danaher Corporation (DHR) review, I disclose the purchase of an additional 100 shares @ $188.30 on July 21, 2025 in a 'Core' account in the FFJ Portfolio; my DHR exposure is currently 902 shares. By the time I wrote my post, however, DHR's share price had risen to ~$197.40. Despite the [...]
I last reviewed Intact Financial (IFC.to) in this July 30, 2025 post at which time the Q2 and YTD2025 results (as of June 30, 2025) were the most current. In that post, I disclose the purchase of 100 shares @ $292.36 in one 'Core' account and another 100 shares @ $292.85 in another 'Core' account [...]
In January 2025, on the advice of our tax accountants, we effected partial RRSP withdrawals as part of our RRSP meltdown strategy. I discuss the rationale for this strategy in prior posts. Based on the year-to-date performance of our investments, our tax accountants have instructed us to make further RRSP withdrawals. I like to acquire [...]
In several previous posts, including my April 3, 2025 Blackstone and Brookfield Exposure Increase post, I touch upon why it is wise to 'follow the money' if we want to create wealth. Invest In The Best In A Saturated Industry The asset management industry is saturated with many industry participants likely to: be absorbed by [...]