Bull Sessions (4/21/2026)

This Bull Sessions episode from April 21, 2026, brought together Mark Robertson, Ken Kavula, Kim Butcher, and Matt Spielman to discuss various investment topics centered on the Manifest Method philosophy. The team provided insights on rule breaker investing, the evolution of the Manifest 40 portfolio, and current market conditions. A significant portion of the discussion focused on Netflix, which recently rose to the top of an industry study at the Mid Michigan Model Club and was added to their pounce list, though the speakers noted wide disparity in analyst opinions with forward PE predictions ranging from mid-to-high teens to above 30.

The session emphasized the importance of not timing the market and consistently investing in quality companies, even at all-time highs. The speakers highlighted that high-quality companies like Costco and Johnson and Johnson often justify premium pricing due to their long-term performance, and investors shouldn't wait indefinitely for perfect entry points. Market analysis revealed that while the S&P 500's new highs were sparse during the 2010s decade, the current decade is already showing 206 new highs at the midway point—patterns similar to the bullish 1990s. The MIPAR (Median PAR) has settled around 8-10%, reaffirming that investors should seek stocks with 14-15% return forecasts to outpace the market over time.