About this episode
In a surprise double feature, Mike and Emmet bring you two more “boring,” Peter Lynch–style businesses to ground your portfolio. In the wake of AI-fueled Big Tech layoffs, the market is undeniably frothy — so it’s a great time to take inspiration from some of the greatest investors of all time and pick up a few stocks that are complete snoozefests.Mike brings you one of Warren Buffett’s largest holdings, Moody’s, which — despite its consistent performance and Berkshire’s long tenure of ownership — is one of the least-talked-about stocks on Wall Street. Emmet believes this is because it’s a ratings agency and quite mundane, but the high valuation probably doesn’t help either. Still, it operates in a triopoly, making it a dependable bedrock stock to keep on your watchlist.Emmet then walks you through Ulta Beauty in the third installment of Follow Prophet. A long-time favorite among investors, the stock has been trading flat over the past few years and hopes to grow through international expansion, a partnership with Target, and exclusive products. Sign up to Prophet to see how long it stays in the portfolio.Our Horizon portfolio is a boutique service led by our co-founder and lead investor, Emmet Savage. Emmet has built his career on finding life-changing investments and believes the next hundred-bagger is already within his holdings. According to 100-bagger expert Chris Mayer, “no one owns more 100-baggers than Emmet.”To claim your exclusive Horizon discount, head to mywallst.com/horizon or email us at pod@mywallst.com.Become a successful investor by checking out all the content MyWallSt has to offer:? Email us: pod@mywallst.com? Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7? Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/? Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/? Follow MyWallSt on social:? X: @MyWallStHQ? TikTok: @MyWallSt? Instagram: @MyWallSt?? Facebook: @MyWallSt? LinkedIn: MyWallSt00:00 Intro04:51 Emotional Journey of Stock Investing14:51 Moody's: A Boring but Profitable Business24:49 The Challenge of Entering the Credit Rating Market28:36 'Following Profit' Episode Three: Ulta38:13 Ulta's Growth Strategy and Future Prospects40:43 Mary Dillon's Impact and Ulta's Partnership with Target
