Topley's Top 10

QQQ +105% vs. KWEB -54% (Chinese Internet ETF)

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1. QQQ +105% vs. KWEB -54% (Chinese Internet ETF)

Y-Charts

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2. 4 Tech Companies Spending $700B Capex

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3. Tech Sector Capital Spending Now is 50% of Entire S&P 500 Capex

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4. Tim Cook Spent $841B Buying Back Stock ….Lowering the Share Count by 44%

This $841 billion investment delivered in a big way for Apple's shareholders
In addition to becoming CEO, Cook joined Apple's board of directors in 2011. Here, along with other board members, Cook helped shape the largest share repurchase program on Wall Street.
Since initiating a buyback program in 2013, Apple has spent a shade over $841 billion to repurchase its common stock. In the process, it's lowered its outstanding share count by more than 44%.
For companies with steady or growing net income, such as Apple, buybacks often lead to an increase in earnings per share (EPS). Higher EPS, in turn, can make a publicly traded company more fundamentally attractive to value-seeking investors. There's little question that retiring more than 44% of the company's outstanding shares has given Apple stock a boost.
https://www.fool.com/investing/2026/04/24/tim-cook-contribution-aapl-841-billion-acquisition/

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5. Buybacks are One of the Reasons that S&P 500 Dividend Yield is at All-Time Low 1.08%

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6. Buffett Led Cook Down the Buyback Path…Right Now Berkshire in Big 2 Year Drawdown vs. S&P 500

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7. American Investors at Record Stock Allocations

Kobeissi Letter

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8. The Global Number of People in World without Electricity Halved in 25 Years

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9. Iran’s Inflation Was Off Charts Before War

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10. Intellectual Humility

PSYCHOLOGY TODAY KEY POINTS--Onurcan Yilmaz, Ph.D.

  • Research on motivated reasoning shows careful thinking often defends prior beliefs instead of revising them. 

  • Studies show analytic ability often fuels more sophisticated rationalization, not protection against bias. 

  • Sound judgment emerges when humility, open-mindedness, and holistic thinking work alongside reflection.

Psychology Today

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