According to @QCompounding, the stock market’s roughly 10% annual long-term return comes at the cost of enduring crashes, corrections, and multi‑year periods that feel like failure, highlighting the volatility risk premium traders must withstand. Source: @QCompounding on X, Dec 25, 2025. For trading, this implies preparing for sizable drawdowns via disciplined position sizing, ample liquidity buffers, and time horizons that can absorb prolonged underperformance—principles that also guide risk-on exposure, including crypto. Source: @QCompounding on X, Dec 25, 2025.

According to @QCompounding, investors’ formative windows can produce vastly different return experiences, with those born in 1970 seeing the S&P 500 increase nearly tenfold during their teens and 20s while those born in 1950 faced largely flat markets. source: @QCompounding (tweet, Dec 25, 2025); Morgan Housel, The Psychology of Money. The referenced chart from Morgan Housel highlights how regime differences drive realized returns, a key input for traders when setting expected returns and drawdown thresholds. source: Morgan Housel, The Psychology of Money. To avoid cohort bias in strategy design, traders should validate backtests across multiple market regimes and apply experience-neutral risk controls such as rolling window calibration and stress tests. source: Malmendier and Nagel (2011, American Economic Review) on experience effects; Morgan Housel, The Psychology of Money. For crypto allocation, note that cohort-driven risk appetite can spill over to Bitcoin (BTC) because BTC has exhibited elevated positive correlation with equities in recent years, amplifying risk-on/risk-off cycles. source: International Monetary Fund (2022) Crypto Prices Move More in Sync With Equities; Bank for International Settlements (2022) research on crypto–equity co-movement.

According to @QCompounding, Common Stocks & Uncommon Profits by Philip A. Fisher is highlighted as a must-read, reinforcing Fisher’s framework for selecting exceptional growth stocks as a trading edge (source: @QCompounding). According to Philip A. Fisher in Common Stocks and Uncommon Profits, investors should prioritize durable revenue growth, industry-leading profit margins, and productive R&D as core entry screens for multi-year compounding potential (source: Philip A. Fisher, Common Stocks and Uncommon Profits). According to Philip A. Fisher in Common Stocks and Uncommon Profits, the scuttlebutt method—gathering field intelligence from customers, suppliers, competitors, and employees—reduces uncertainty and improves decision quality before building positions (source: Philip A. Fisher, Common Stocks and Uncommon Profits). According to Philip A. Fisher in Common Stocks and Uncommon Profits, valuation should be judged in the context of qualitative strength rather than headline P/E alone, and positions should be held long term until fundamental deterioration or superior opportunities arise (source: Philip A. Fisher, Common Stocks and Uncommon Profits).

According to @QCompounding, legendary value investor Walter Schloss achieved a 21% annual return over 47 years, and the account shared a 65-page PDF that teaches his approach to outperforming the market (source: @QCompounding). According to @QCompounding, a 21% compound annual growth rate over 47 years implies that USD 1 would grow to roughly USD 5,260, highlighting the power of long-horizon compounding for disciplined traders (calculation based on the 21% figure reported by @QCompounding). According to Warren E. Buffett’s 1984 essay The Superinvestors of Graham-and-Doddsville, Schloss’s long-term outperformance versus the market is historically documented, reinforcing the trading value of simple, rules-based value selection and patience (source: Warren E. Buffett, 1984).

According to @QCompounding, the account shared a post titled 'How to analyze stocks' on X on Dec 23, 2025, with no additional details provided in the tweet text (source: @QCompounding on X). The post did not reference cryptocurrencies or digital assets, indicating no direct crypto market impact noted by the author at the time of posting (source: @QCompounding on X).

According to @QCompounding, TCI compounded shareholder returns at over 30 percent annually from 1973 to 1998, turning 1 dollar into more than 900 dollars. According to @QCompounding, this is cited as evidence that John Malone’s disciplined capital allocation could overwhelm industry headwinds, referencing The Outsiders.

According to @QCompounding, John Malone’s analysis at Bell Labs concluded AT&T should use more debt and repurchase shares, but the board rejected the idea, highlighting execution risk even when the math supports leverage and buybacks, source: @QCompounding. For traders, open‑market repurchase announcements are associated with positive abnormal returns—especially in undervalued firms—supporting long setups around credible buyback signals, source: Ikenberry, Lakonishok, and Vermaelen 1995; Peyer and Vermaelen 2009. In crypto, token buyback/burn mechanisms such as BNB’s Auto‑Burn represent analogous supply reductions that can inform event‑driven positioning, source: Binance 2021 BNB Auto‑Burn announcement.

According to @QCompounding, CSX (CSX) and Norfolk Southern (NSC) together dominate the Eastern U.S. freight network, moving billions in goods through ports, cities, and industrial hubs, source: @QCompounding. The author adds that their rail tracks are irreplaceable assets, underscoring network scarcity and strategic value for long-term operations, source: @QCompounding. The source does not cite any direct crypto market impact related to this update, source: @QCompounding.

According to @QCompounding, Copart (CPRT) and RB Global (RBA) operate massive online marketplaces that auction millions of vehicles each year, with insurance companies relying on these platforms when cars crash or are written off (source: @QCompounding). No crypto-related implications were mentioned in the source (source: @QCompounding).

According to @QCompounding, Visa and Mastercard together handle the vast majority of card transactions and take a small cut on each payment, highlighting hard-to-replicate network effects that matter for equity positioning in V and MA (source: @QCompounding). Both networks monetize every swipe via assessment and processing fees, with revenue primarily driven by payments volume, processed transactions, and value-added services, while cross-border activity carries higher revenue yield per dollar of spend (source: Visa 2023 Form 10-K; Mastercard 2023 Form 10-K). For trading setups, monitor cross-border volume growth and net revenue yield stability as core earnings drivers for V and MA, alongside expense discipline and operating leverage signaled in management disclosures (source: Visa 2023 Form 10-K; Mastercard 2023 Form 10-K). Crypto tie-in: Visa expanded USDC settlement capabilities to Ethereum and Solana in pilot programs with acquirers, and Mastercard launched its Multi-Token Network to test blockchain-based settlement and tokenized value transfer, developments that can influence payment-utility narratives for ETH, SOL, and USDC (source: Visa blog Expanding USDC stablecoin capabilities to Solana by Visa, Sep 2023; Mastercard newsroom Introducing Mastercard Multi-Token Network, Jun 2023). Competitive context in filings lists UnionPay, American Express, Discover, and real-time account-to-account rails, but both firms emphasize global acceptance, issuer and merchant relationships, and risk infrastructure as durable advantages supporting transaction fee economics (source: Visa 2023 Form 10-K; Mastercard 2023 Form 10-K).

According to @QCompounding, Wabtec (WAB) and Caterpillar’s Progress Rail (CAT) are the two primary locomotive OEMs powering rail networks, signaling a duopoly dynamic investors should track, source: @QCompounding on X. Wabtec manufactures Tier 4 Evolution Series freight locomotives and runs large modernization programs for Class I railroads, while its FLXdrive battery-electric pilot with BNSF reduced fuel use by about 11% in testing, source: Wabtec 2023 Form 10-K; Wabtec press release on FLXdrive pilot results with BNSF. Progress Rail, a Caterpillar company, produces EMD locomotives and rail services within Caterpillar’s Energy & Transportation segment, with Union Pacific including Progress Rail units in its battery-electric locomotive pilot, source: Caterpillar Inc. 2023 Form 10-K; Union Pacific announcement on battery-electric locomotive purchases. For trading, demand for new builds and modernizations is tied to rail traffic, fleet age, fuel-efficiency needs, and emissions regulations such as U.S. EPA Tier 4, which supports aftermarket and upgrade revenue through the cycle, source: Wabtec 2023 Form 10-K; U.S. Environmental Protection Agency Locomotives: Exhaust Emission Standards. Outside North America, competitive pressure from large state-backed OEMs such as CRRC can influence pricing and margins on export orders, a factor to watch in valuation multiples for WAB and CAT, source: CRRC Annual Report; Wabtec 2023 Form 10-K risk factors. Crypto angle for cross-asset traders: while rail equipment cycles have limited direct linkage to digital assets, Bitcoin’s correlation with equities rose meaningfully post-2020, so broader risk sentiment around industrial cycles can spill into BTC, source: International Monetary Fund research on crypto–equity correlations.

According to @QCompounding, Canadian National Railway (CNR.TO) and Canadian Pacific Kansas City (CP.TO) are major rail operators connecting North American trade routes and stand to benefit from growing U.S.–Mexico trade and sustained transport demand, a constructive setup for freight rail equities on the TSX; Source: Compounding Quality on X, Dec 22, 2025. No direct cryptocurrency market linkage was identified in the source post, which focused on equity exposure to trade corridors rather than digital assets; Source: Compounding Quality on X, Dec 22, 2025.

According to @QCompounding, telecom companies rent space on American Tower (AMT) and Crown Castle (CCI) towers to transmit data and calls, and these two companies own most U.S. cellular towers while collecting rent from every carrier; source: @QCompounding on X, Dec 22, 2025. Based on @QCompounding’s description, traders can frame AMT and CCI as multi-tenant lease businesses with recurring cash flows and broad carrier diversification, which can provide defensive characteristics in volatile markets; source: @QCompounding on X, Dec 22, 2025. Key trading watchpoints, derived from the source’s model, include shifts in carrier network spending and tower leasing demand that could influence occupancy and pricing power for AMT and CCI; source: @QCompounding on X, Dec 22, 2025.

According to @QCompounding, S&P Global (SPGI) and Moody’s (MCO) dominate the credit ratings industry with 80%+ market share, aligning with the SEC Office of Credit Ratings finding that the two largest NRSROs account for the majority of outstanding ratings, source: SEC Office of Credit Ratings 2023 Annual Report. Their ratings materially influence borrowing costs by affecting bond spreads and regulatory capital treatment under the standardized approach, source: BIS Quarterly Review September 2020 and Basel Committee on Banking Supervision standardized approach documentation. For traders, ratings revenue at SPGI Ratings and Moody’s MIS is directly tied to global debt issuance, refinancing activity, and structured finance deal flow, source: S&P Global 2023 Form 10-K and Moody’s 2023 Form 10-K. Historically, easing financial conditions and rising primary bond issuance have supported ratings volumes and margins at both firms, source: Moody’s 2024 earnings commentary and S&P Global investor presentations 2023. Shifts in credit spreads and financial conditions spill over to risk assets including BTC and ETH via liquidity and risk appetite channels, raising crypto beta when conditions loosen, source: IMF Global Financial Stability Report October 2022 and BIS Bulletin 2022. Traders should monitor global bond issuance (IG/HY, sovereign, structured) and the Chicago Fed National Financial Conditions Index as leading indicators for SPGI and MCO volume sensitivity, source: SIFMA Global Bond Issuance data and Federal Reserve Bank of Chicago NFCI.

According to @QCompounding, Home Depot (HD) and Lowe’s (LOW) dominate U.S. home-improvement retail and tend to benefit both when housing markets expand and as the housing stock ages (source: @QCompounding on X, Dec 22, 2025). Company filings confirm they are the two largest U.S. home-improvement chains by sales, serving both professional contractors and DIY consumers, a mix that ties results to housing turnover and repair-remodel demand (source: Home Depot FY2023 Form 10-K; Lowe’s FY2023 Form 10-K). For trading setups, monitor U.S. housing starts and existing home sales for cyclical upside and the Harvard JCHS remodeling indicators for aging-home tailwinds, which historically drive home-improvement spend (source: U.S. Census Bureau; Harvard Joint Center for Housing Studies LIRA). For crypto read-through, risk-on phases in equities have coincided with higher BTC–equity correlation since 2020, making these housing data potential sentiment signals (source: Bank for International Settlements 2022 Bulletin).

According to @QCompounding, Airbus (AIR.PA) and Boeing (BA) build nearly every large passenger jet worldwide, reflecting a durable duopoly in commercial aviation. Source: @QCompounding on X, Dec 22, 2025. According to @QCompounding, the barriers to entry are sky-high due to regulation, safety standards, and technology, which is a key factor traders watch when assessing competitive risk and long-cycle exposure for AIR.PA and BA. Source: @QCompounding on X, Dec 22, 2025. The post does not reference digital assets, so no direct crypto market impact is indicated by the source. Source: @QCompounding on X, Dec 22, 2025.

According to @QCompounding, a free PDF compiles 50 investing ratios across valuation, balance sheet, profitability, and other categories in a single reference, source: @QCompounding, Dec 21, 2025. The post states the document aggregates the most important metrics for quick access and can be downloaded at no cost, source: @QCompounding, Dec 21, 2025.

According to QCompounding, Security Analysis by Graham and Dodd is dense but essential, serving as a blueprint for analyzing businesses via income statements, balance sheets, and valuations to elevate stock assessment workflows, source: QCompounding. The author states that readers who master the book will never look at a stock the same way again, highlighting its practical impact on equity analysis for traders, source: QCompounding.

According to @QCompounding, Joel Greenblatt’s Magic Formula is a simple, disciplined way to find good companies at great prices by targeting high return on capital and high earnings yield for portfolio selection; this aligns with the book’s framework for systematically ranking and buying quality value stocks. Source: @QCompounding. The book defines return on capital as EBIT divided by tangible capital and earnings yield as EBIT divided by enterprise value, ranks stocks on both metrics, buys a basket of roughly 20–30 top-ranked names, and rebalances about annually to maintain exposure to high-quality, attractively priced stocks. Source: Joel Greenblatt, The Little Book That Still Beats the Market (2010 revised edition). Greenblatt’s implementation uses clear screening rules with basic liquidity and market-cap filters and excludes sectors with atypical accounting (e.g., many financials and utilities), making the approach executable as a periodic rebalance across a defined equity universe. Source: Joel Greenblatt, The Little Book That Still Beats the Market (2010 revised edition); MagicFormulaInvesting.com.

According to @QCompounding, Howard Marks' The Most Important Thing distills decades of investing into concise lessons on risk, market cycles, and second-level thinking, making it a top market psychology read for traders. Source: @QCompounding, Dec 21, 2025, https://twitter.com/QCompounding/status/2002787282240126984