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THIS WEEK’S FOCUS

There is a very short list of investors who have turned $1 into $6 in their first 13 years managing other people's money.

Mohnish Pabrai is on that list. And when you hear him explain how he did it — by borrowing ideas from the smartest people he could find, hunting for bets with big upside and small downside, and taking the simplest principles completely seriously — it sounds almost straightforward.

This week's news is full of examples of what happens when those principles are applied well, and when they are not.

RECOMMENDED VIDEO

How Mohnish Pabrai 6X'd His Money

This Saturday, we covered Mohnish Pabrai's mental models — the principles he absorbed from Charlie Munger and turned into a system that compounded capital at exceptional rates for over a decade.

The ideas themselves are simple. What makes Pabrai's version worth studying is how ruthlessly he applies them: seek asymmetric bets, shamelessly clone what works, own a segment rather than chasing a tiny slice of a massive market, and serve customers first.

If you want to up your game, this video is for you.

TODAY’S PARTNER

These Nuclear Stocks Are Delivering Real Cash Flow

Some market trends take years to really pan out.

Nuclear energy isn’t one of them.

Over the past year, multiple nuclear-related stocks climbed more than 40% as the next nuclear buildout cycle began taking shape heading into 2026…

Driven by real earnings, real contracts, and real demand.

One uranium producer generated nearly $200 million in quarterly free cash flow as prices surged.

Another nuclear-focused company locked in long-term government contracts that helped push revenue higher…

Without relying on commodity swings.

Our analysts pulled together a shortlist of these companies and a select few more -

All of them benefiting from nuclear’s return to relevance as U.S. capacity is projected to triple over the coming decades.

The names and tickers are in this new report: 7 Top Nuclear Stocks to Buy Now

The full list is free today, but it won’t stay that way, so get your copy now.

5 STORIES THAT MATTER THIS WEEK

Alphabet raises $80 billion — and Berkshire puts up $10 billion of it

Alphabet announced a massive capital raise to fund AI infrastructure, and Berkshire Hathaway's Greg Abel committed $10 billion as a private placement investor at roughly $351 per share. It marks Abel's second major deployment of Berkshire's near-$400 billion cash pile since taking over from Warren Buffett in January. A clear signal of where the new Berkshire leadership sees the best long-term odds.

Ulta Beauty beats expectations and raises its outlook

Ulta Beauty reported a strong first quarter, earning $7.74 per share against Wall Street's estimate of $6.86, with revenue growing 11.1%. The company raised its full-year earnings guidance. CEO Kecia Steelman credited broad-based growth across all channels and new brand additions including Selena Gomez's Rare Beauty — a reminder that companies genuinely focused on their customers tend to find a way through difficult retail environments.

Lululemon cuts its outlook — sharply

Lululemon trimmed its full-year earnings guidance from roughly $12.20 per share to approximately $11.05, and cut its revenue forecast as well. Interim CEO Meghan Frank blamed "negative media commentary" and product launches that failed to connect with shoppers. Shares fell around 11%. The company is navigating a proxy battle and a CEO transition simultaneously — a lot of uncertainty for a brand that not long ago seemed untouchable.

Pool Corporation and Campbell's are leaving the S&P 500

S&P Dow Jones Indices announced that Pool Corporation and The Campbell's Company will be removed from the S&P 500 on June 22, replaced by Marvell Technology and Flex. For passive investors and index funds, changes like this trigger automatic buying and selling with no regard to price or value — a structural quirk worth understanding if you ever find yourself on either side of an index reshuffle.

Chip stocks had their worst day in over a year

The Nasdaq fell 4.18% on Thursday — its steepest single-day decline since April 2025 — as chip stocks led the market lower. A broad index of chipmakers dropped 10%. The sell-off was triggered by disappointment with Broadcom's AI sales outlook and a strong jobs report that pushed Treasury yields higher. The pressure spread into Asian markets overnight. Nothing fundamental broke, but the speed of the move was a reminder of how quickly sentiment shifts in high-multiple sectors.

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