Terry Smith's Perplexing Letter; Samsung's Monster Numbers; Checking In On Tobacco/Nicotine Stocks $PM $BTI

Chit Chat Stocks · Jul 10, 2026 · 1h 4m

The Investing Power Hour is live-streamed every Thursday on the Chit Chat Stocks Podcast YouTube channel at 5:00 PM EST. This week we discussed:

(00:00) Introduction

(01:02) Terry Smith's letter

(24:16) Microsoft's layoffs at Xbox

(40:21) Samsung earnings and industry outlook

(44:27) AI lab profitability metrics and bubble watch

(46:24) Blue Origin's valuation

(48:32) Satellite industry and capital cycle considerations

(54:58) Listener questions

(01:00:10) Coca-Cola's bottling vs. beverage company performance

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