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MR. MARKET TODAYKO 78.42COST 1015PG 167.30MCD 305.80AAPL 234.10MSFT 478.5530Y TREASURY 4.97%IV PROTOCOL v1.0 — OWNER EARNINGS DCF“BE FEARFUL WHEN OTHERS ARE GREEDY” — W. BUFFETTMR. MARKET TODAYESTABLISHED 2026
MR. MARKET TODAYKO 78.42COST 1015PG 167.30MCD 305.80AAPL 234.10MSFT 478.5530Y TREASURY 4.97%IV PROTOCOL v1.0 — OWNER EARNINGS DCF“BE FEARFUL WHEN OTHERS ARE GREEDY” — W. BUFFETTMR. MARKET TODAYESTABLISHED 2026
Vol. I, No. 1
A daily reckoning of price vs value

Mr. Market

The Daily Tape · Established 2026 · Edited from Olympia, Washington
The Cohorts · Quarterly vintage
Inception 2026-01-01 · 0.7 years held

Q1 2026 · Top 10.

On 2026-01-01, these 10 businesses were the 10most-undervalued names in our coverage universe by Mr. Market's protocol. We've held them, equal-weighted, since.

Q1 2026 · Top 10 · since inception
+7.8%
CAGR 11.0% annualised
S&P 500 · since inception
+12.6%
CAGR 18.0% annualised
Spread
-4.8%
This cohort has trailed the index.
Other cohorts at the same inception

The constituents.

Ranked, on the inception date, by Δ% to intrinsic value. Each holding is equal-weighted at 10.0% of the portfolio.

Biggest contributors

Where the cohort earned its keep.

  • OXY · $40.55$58.84+45.1%
  • CAT · $569.39$808.99+42.1%
  • UNP · $227.87$279.37+22.6%
Biggest detractors

Where the protocol got it wrong.

  • NKE · $62.07$35.51-42.8%
  • ADBE · $349.99$248.92-28.9%
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