[OT] CAT, which unofficially raised guidance three months ago (#msg-37451985), officially raised guidance this past week, sending the share price up 24% on the week: #msg-39888650.
CAT is (IMO) one of the better investment plays on the demographic tailwind from the emergence of a bona fide middle class in many countries for the first time in history.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”