Guggenheim’s Quiet Owner: $130B Insurance Giant Sammons
Guggenheim CEO Mark Walter is under federal scrutiny tied to life insurers he owns; asset sales (including the Lakers) appear driven by liquidity needs. Sammons, a $130B life insurer conglomerate and Guggenheim’s largest shareholder, has largely avoided attention despite deep financial ties.
Texas Pacific Land Corp ($TPL): Evolution
Data centers may shift Texas Pacific Land’s value from acres to water: exclusive aquifer sourcing + long-term supply can scale with project utilization.
The Relentless Arithmetic of Quality Investing
Over the long run, fundamentals win: the biggest driver of stock returns is EPS growth, not starting P/E. That’s why “quality” businesses with durable moats, reinvestment runways, and strong capital allocation can compound value for years.
We Asked T. Rowe’s $8 Billion Tech Manager Why We Are in 1998 — And Why Software Is in Trouble
Everything AI and why the recent tech sell off looks like 1998. The intersting part was when they started to discuss the ROIC for the hyperscalers and they payback period on data center investments. Especially for Amazon and AWS.