The Compound and Friends

John Mowrey, CIO and portfolio manager at NFJ Investment Group known for leading a value-focused, multi-billion dollar equity platform. He discusses the free fall in software stocks and unusual market dispersion. Conversations cover how value investing has changed, momentum unwind and rotation into cyclicals, and why banks, energy and materials may offer durable opportunities.

Market leadership is shifting from mega-cap tech to small caps, energy and staples. The software sector faces a violent re-rating as AI disruption and legal tools shake incumbents. Palantir posts standout accelerating growth amid the turmoil. Housing and rents show easing, while energy names surge and practical trade ideas are discussed.

Mark Mulhern (Manu Invests), creator of the Substack Fundamentally Sound and investment commentator, breaks down the long-term bull case for Uber. He explores the rise of autonomous taxis and robotaxi market estimates. They cover why Uber’s asset-light, partnership-first approach could be an advantage and how AVs might reshape costs, margins, and global rollout strategies.

Tom Lee, Fundstrat co-founder and chief market strategist, offers a data-driven take on 2026. He discusses why he remains broadly bullish despite midyear drawdown risks. Conversations cover precious metals and materials rallies, crypto deleveraging and stablecoin adoption, margin debt and leverage concerns, and Tesla’s big bet on robots as a growth theme.

They debate whether this moment is truly the last chance to build generational wealth amid looming mass tech layoffs. Big earnings to watch include MAG7 names, Tesla’s shifting narrative, and Microsoft as the AI bellwether. Retail flow patterns, sector rotations, and AI’s potential to upend jobs and SaaS models also drive the conversation.

Cullen Roche, founder of Discipline Funds and author of Your Perfect Portfolio, breaks down portfolio construction and popular strategies. He compares 60/40, risk parity, Buffett-style approaches and permanent portfolios. They explore diversification limits in crises, trend-following as a true diversifier, behavioral traps, and practical implementation tips.

Jeremy Grantham, co-founder of GMO and a long-time market strategist, shares insights on the current financial landscape. He discusses how prolonged bull markets create a perception of permanent bears and highlights the dynamics of market bubbles. Grantham examines the implications of AI on the market, the importance of sustainable investing, and the widening wealth gap. He also reflects on strategies for navigating market downturns while addressing the emotional toll of being right during crises.

Explore the geopolitical market shifts as rising tensions spark a surge in gold and risk-averse strategies. Dive into the debate on whether Europe can effectively wage a financial war against the U.S. and the implications of big bank earnings as a pulse on the economy. Analyze Netflix's latest competition challenges and the strategic positioning of firms like ServiceTitan. Plus, insights into the shifting dynamics between small caps and mega-caps could reshape future market rotations.

JC Parets, founder of TrendLabs and author of 'Everybody's Wrong,' shares his insights on the stocks to watch for 2026. He discusses the four groups of market players to fade, including asset managers and economists. The conversation dives into the intriguing magazine cover indicator as a contrarian signal. JC also explores the strength of small caps and sectors like energy and precious metals that may break out. Tune in for actionable insights and timely predictions, peppered with lively banter!

George Kurtz, President and CEO of CrowdStrike, dives into the cybersecurity landscape of 2026. He discusses how AI is transforming threats, emphasizing the rise of agentic attackers and the importance of continuous identity protection. Kurtz highlights the browser's role as a control center for security and explains the need for dynamic access controls to combat breaches. With insights on CrowdStrike's strategic acquisitions and innovations, he paints a vivid picture of the future in cybersecurity.