As we head into May, we’re focusing on the fundamentals that drive long-term success. In this month’s newsletter, we highlight lessons from Warren Buffett’s investing playbook, explore what the rise of prediction markets means for investors, and share a powerful example of financial discipline from Rob Gronkowski. Each offers a different perspective, but all point back to the same idea: thoughtful decision making matters more than chasing the next opportunity.

If you have inquiries about the investment markets or your tailored wealth management strategy, please don’t hesitate to reach out to us!

Best Regards,

The Barry Team

ON OUR MINDS THIS MONTH

Prediction markets are rapidly gaining popularity, allowing participants to trade on outcomes ranging from elections to economic data and sports. While they offer real-time insights and the promise of smarter forecasting, they also blur the line between investing and speculation, making it important for investors to understand both the opportunity and the risks.

Warren Buffett has long credited The Intelligent Investor as the foundation of his philosophy, emphasizing discipline, valuation, and long-term decision making over reacting to market noise. In a world driven by headlines and hype, its core principles, especially maintaining a margin of safety, continue to offer investors a steady path to building wealth while avoiding costly mistakes.

THIS MONTH'S MARKET LENS

This chart shows that semiconductors have grown to over 10% of global market cap, surpassing major sectors like consumer discretionary and energy, even before including the rest of technology sector. It’s a good reminder that diversification is not just about owning different countries, but also making sure portfolios are not overly concentrated in one sector or theme. The sharp rise in semis, alongside the decline in software’s share, also shows how the AI trade has rewarded the hardware and infrastructure side of technology more than traditional software companies.

WISDOM WORTH REPEATING

"Time is your friend; impulse is your energy"

-John C. Bogle

BEYOND THE DESK

The team and their families celebrated a wonderful Easter.

COMMENTS, COMPLIMENTS, & CRITIQUES

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