The Joseph Carlson Show Revealing My $1,400,000 Stock Portfolio Of Compounding Machines
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Jan 26, 2026 A deep dive through a $1.4M stock portfolio spotlighting big tech and niche winners. Topics include growth and margin stories at Google, Amazon, and Microsoft. He breaks down monopolies like ASML and data duopolies S&P Global and Moody's. Other highlights cover Netflix cash flow, Mastercard trust protocols, Costco membership economics, and smaller high-conviction names like Intuit, Salesforce, Duolingo, and Texas Roadhouse.
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Diversified Moat Limits Downside For Google
- Joseph Carlson held Google through AI fears because other business lines (YouTube, Cloud, Waymo) limited downside and offered upside.
- He sees Google as halfway through its growth story and classifies it as a hold despite strong gains.
Buy The Dip On Payment Moats
- Buy MasterCard on weakness because its "protocol of trust" services extend beyond transactions and remain valuable.
- Treat regulatory or political noise (like a proposed 10% cap) as unlikely to materially derail the business long term.
Amazon's Margin Mix Is Improving
- Amazon's revenue mix is improving as high-margin segments grow faster than low-margin retail.
- Carlson expects margin expansion, robotics, and AWS growth to drive the stock above $300 per share.