Enlightenment - A Herold & Lantern Investments Podcast
Keith Lanton
253 episodes
6 days ago
December 29, 2025 | Season 7 | Episode 48 We review why 2025 defied cautious forecasts, from AI capex and policy-driven depreciation to lower oil and a powerful wealth effect, and we frame 2026 through Munger’s lens of patience and clarity. We flag key risks, make the case for a return to quality, and explore copper’s setup alongside a closer look at Salesforce. • Munger’s principles on patience, reading, and realism • Why 2025 beat expectations despite tariffs and inflation fears • AI build...
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December 29, 2025 | Season 7 | Episode 48 We review why 2025 defied cautious forecasts, from AI capex and policy-driven depreciation to lower oil and a powerful wealth effect, and we frame 2026 through Munger’s lens of patience and clarity. We flag key risks, make the case for a return to quality, and explore copper’s setup alongside a closer look at Salesforce. • Munger’s principles on patience, reading, and realism • Why 2025 beat expectations despite tariffs and inflation fears • AI build...
Enlightenment - A Herold & Lantern Investments Podcast
40 minutes
5 months ago
Are Tariffs Becoming America’s New Income Tax?
August 4, 2025 | Season 7 | Episode 30 The financial landscape shifted dramatically last week as markets processed a surprisingly weak jobs report amidst record highs for major indices. Friday's employment data revealed not just lower-than-expected job growth but massive downward revisions to previous months, sending markets tumbling despite stellar earnings from tech giants. This unexpected weakness has resurrected concerns about stagflation – that dreaded combination of sluggish growt...
Enlightenment - A Herold & Lantern Investments Podcast
December 29, 2025 | Season 7 | Episode 48 We review why 2025 defied cautious forecasts, from AI capex and policy-driven depreciation to lower oil and a powerful wealth effect, and we frame 2026 through Munger’s lens of patience and clarity. We flag key risks, make the case for a return to quality, and explore copper’s setup alongside a closer look at Salesforce. • Munger’s principles on patience, reading, and realism • Why 2025 beat expectations despite tariffs and inflation fears • AI build...
