But what can you actually DO about the proclaimed ‘AI bubble’? Billionaires know an alternative…

Sure, if you held your stocks since the dotcom bubble, you would’ve been up—eventually. But three years after the dot-com bust the S&P 500 was still far down from its peak. So, how else can you invest when almost every market is tied to stocks?

Lo and behold, billionaires have an alternative way to diversify: allocate to a physical asset class that outpaced the S&P by 15% from 1995 to 2025, with almost no correlation to equities. It’s part of a massive global market, long leveraged by the ultra-wealthy (Bezos, Gates, Rockefellers etc).

Contemporary and post-war art.

Masterworks lets you invest in multimillion-dollar artworks featuring legends like Banksy, Basquiat, and Picasso—without needing millions. Over 70,000 members have together invested more than $1.2 billion across over 500 artworks. So far, 23 sales have delivered net annualized returns like 17.6%, 17.8%, and 21.5%.*

Want access?

Click here to skip the waitlist →

_{Investing involves risk. Past performance not indicative of future returns. Reg A disclosures at masterworks.com/cd}

Labcorp Holdings Inc DCF Stock Analysis.

Here’s my assumptions:

Risk Free Rate (10 Years Interest Rate Swap): 3.91%

Risk Premium (Taken from the Aswath Damodaran equity premium spreadsheet): 4.33%

Interest Rate Spread on The Risk free rate ( For the cost of debt calculation): 4%

Historical Data

Revenue growth in the last 10 years (CAGR): 4.93%

Earnings growth in the last 10 years (CAGR): -0.91%

Unlevered Free Cash Flow growth in the last 10 years (CAGR): 0.68%

Future Assumptions

End of Year FCF growth: 1%

Growth until end of 2026: 3%

Growth until end of 2034: 2.5%

Perpetual growth: 2.5%

Net Debt: 5.985B

Outstanding Stock Options Present Value Assumption: $0.043B

Restricted Stock Units Present Value Assumption: $0.227B

Stock Valuation based on these assumptions: $265

Last update 11/09/2025

All the content in this newsletter should be taken as informational content only. THIS IS NOT FINANCIAL ADVICE! Do your own Due Diligence before investing or contact a professional financial advisor.

I don’t have a position in Labcorp Holdings Inc (LH) and I don’t plan to add a position in the coming days.