If Nvidia Were Priced Like a Few Other Tech Stocks

Nvidia is the world's most valuable company. If it were priced like comparable stocks, it would be worth even more.

As of this writing - Monday, 25 May 2026, the day the market is closed - NVDA price is $215.33.

If it were priced at the same forward as ...

Microsoft, with a Forward P/E of 21.6, it would be priced at $235.00,

Alphabet (GOOG), with a Forward P/E of 26.6, it would be priced at $289,

Amazon, with a forward P/E of 30, it would be priced at $324.

Nvidia price has gone up so much so quickly that it might just be lagging its real price. Which seems worth considering. 

A Very Simple Explanation for the Rise of Right-Wing, Populist Parties Across the West in Recent Decades

Until roughly the era of Reagan and Thatcher (the 1980s), the simplest predictor of whether you were rich, middle class, or poor was which country you lived in. The gaps between nations were enormous, and the gaps within the wealthy nations were relatively compressed. Globalization changed this. As trade and capital flowed more freely, the gaps between countries narrowed while the gaps within countries widened. The income disparities that had once shown up mainly between nations increasingly showed up within them. A class of relative losers emerged in the wealthy democracies, workers whose incomes stagnated even as the global economy grew.

This economic shift created the conditions for political backlash, but it did not by itself determine the form the backlash would take. The dissatisfaction could have been channeled toward redistribution, which is the traditional left-wing response to inequality. Instead, in most of the wealthy democracies, it was channeled toward nationalism and opposition to immigration, which are right-wing responses. The rightward direction was shaped by additional factors: the convergence of mainstream parties on support for globalization, which left the dissatisfied without mainstream representation; the shift of left-wing parties toward the educated professional class, which left the working class politically homeless; and the cultural dimension of the dissatisfaction, which the right addressed directly and the left, committed to cosmopolitan values, could not. The economic foundation produced the dissatisfaction. The political and cultural context determined that the dissatisfaction would find right-wing rather than left-wing expression.

On a Scale from Is This a Great Country to Or What?

11 years ago. Back when there was still reasonable doubt.

Nvidia's Phenomenal 2026 Growth

For the next fiscal year, Nvidia's projected revenue is more than $300 billion - a single year gain of more than $100 billion.

Nvidia Employees Net Worth

Informal report on Nvidia employees shared by Rick Munarriz  at Motley Fool ....

80% of Nvidia employees are worth at least a million dollars and 50% are worth more than $25 million.

There would be some fascinating insights to come from understanding how Nvidia retains employees whose salary no longer makes much difference to their wealth.

(And I'm sure there is a lag between when they "get" the stock options and when they can exercise them .... and yet ...)

Troops in the Middle East and Treasury Yields at 5.2%. It is Like 2007

In 2007, we had 170,000 troops in Iraq.
Now we have 50,000 troops in to the Middle East for the special operation in Iran.

In 2007, 30-Year Treasury Yields Reached 5.2%.
Now, 19 years later, they've hit that level again for the first time since.

In 2007, we got hit with our worst recession since the Great Depression.

Meanwhile, Republicans in Congress are focused on using their majority to get one billion in funding for Trump's ballroom, the one priority they are aligned on.

Hey Trump voters. Maybe your boy will save the last dance for you.

If You Want a Successful Organization, Draw Talent from Around the Globe

NBA, NHL, and MLB - professional basketball, hockey, and baseball in these United States - include a lot of foreign born players.


National Basketball Association (NBA)
The Status: Every single team has at least one international player. The Data: The NBA started its season with a record 135 international players representing 43 different countries. Even the least internationally diverse team in the league—the Dallas Mavericks—still carries two Canadian players and a center from Guinea on its roster.

Major League Baseball (MLB)
The Status: Every single franchise features international talent.
The Data: Roughly 26% to 28% of all Major League players on Opening Day active and inactive lists were born outside of the 50 United States.

National Hockey League (NHL)
The Status: Every team has multiple foreign-born players.
The Data: The NHL has the highest percentage of foreign-born players of any major American sports league. Because the league is a joint enterprise between Canada and the United States, and draws heavily from Europe, roughly 70% to 80% of all NHL players are born outside the U.S.

Bitcoin and Banksy

What if Satoshi Nakamoto and Banksy were the same secret organization, trying to convince us that crypto is money and graffiti is art? Turning random walls into art galleries and bits into currency.

Beginnings and Endings

Every beginning had its own beginning.

This is worth remembering especially when you think you've reached the end, because endings, too, are beginnings.

Ado

He said "without further ado" and then proceeded with what might better be described as "considerably more elaborate and convoluted ado." There was, in fact, no shortage of ado.

The Odyssey

The Odyssey is the story of Odysseus who was the sole survivor of a ten year voyage that killed off his original crew of 600 through a series of mishaps, tragedies and battles with gods and monsters.

The Odyssey is also one of the country's most popular minivans, a great choice for families.

One can't help but wonder about the personal traumas Honda's marketing team has experienced on family vacations.

California Connected - And Its Economy is Growing Fast

The larger the network you are part of, the more opportunities you have — to buy and sell, work and hire, entertain and be entertained, learn and teach, make friends and fall in love.

Few people move to the big city for the high-rises or the traffic. They move because other people are there. Each new arrival attracts more arrivals, and the possibilities expand with the population — not linearly, but exponentially.

This is true at every scale. The more connections between your brain cells, the better your brain works. The more connections between your household, your community, your state, and the wider world, the better your culture and economy work.

California's economy is larger than all but a handful of national economies. The reason is connection.

The United States is 13% immigrants. California is 26%. Silicon Valley is 39%.

Hollywood creates content the entire world watches. Silicon Valley creates the products and services that connect the world. It is the capital of the world wide web.

Californians are not harder working or smarter than other people. They are more connected. That is why theirs is the largest economy in the United States, and why it is growing faster than comparable advanced nations.

The Freedom 250 Initiative and Its Casual Disregard for Jesus and The Founding Fathers

Per Deep Mind:
"The Freedom 250 initiative and its "Rededicate 250" event, fronted by Pete Hegseth, promote their mission as a "national jubilee of prayer, praise, and thanksgiving" aimed at rededicating the United States as "One Nation under God". The organization, established by the White House, seeks to reframe the nation's 250th anniversary through a focus on Christian nationalism and the ideological assertion that America is an explicitly Christian nation."

I'm not suggesting that these people would crucify Jesus. I would suggest that they would deport him and denounce his socialist nonsense like the statement that "It will be as hard for a rich man to enter the kingdom of heaven as it is for camel to pass through the eye of a needle."

And of course the founding fathers made explicit that they - unlike the royalty of Europe - were not a Christian nation. In the 1797 Treaty of Tripoli, which was negotiated to secure peace with Muslim Barbary states, the United States explicitly stated it was not a Christian nation. Article 11 declared, "[T]he Government of the United States of America is not, in any sense, founded on the Christian Religion".

Treaty negotiations were initiated by George Washington and the treaty was approved by the U.S. Senate unanimously and signed by President John Adams in 1797. These were hardly controversial ideas among the founding fathers.

So, other than the fact that Hegseth and company don't know Jesus' teachings and don't know what kind of country the founding fathers created, they really seem to be on to something here.

Simple Mental Health Test

A simple cognitive test in the future will be to share a dozen of Trump's social media posts with someone and ask, "Does this suggest to you a mind in touch with reality?"

Inflation at 7.7% in Latest Report

Inflation report today - continuously compounded rate of change is 7.7%. The target is 2%, so we're a bit high.

 

https://fred.stlouisfed.org/series/CPIAUCSL#