The Wide Moat Show

In this New Year’s Day episode, Brad Thomas and co-host Nicholas Ward reflect on what worked in 2025 and share their investing resolutions for 2026, with a strong focus on patience, compounding, and long-term discipline. Nick walks through his personal market resolutions, including: - Staying the course with a buy-and-hold dividend growth strategy - Resisting the urge to trade unnecessarily (because holding is boring—but it works) - Leveraging options trading to boost passive income - Focusing on consistent compounding over shiny distractions Brad recaps a strong year for the markets, discusses shifting investor narratives, and shares his vision for Wide Moat’s growth in 2026, including: - Continuing to deliver actionable, high-quality stock ideas at attractive valuations - Helping investors avoid value-destroying companies - Expanding Wide Moat’s research team and tools - The belief that technology-driven growth could make 2026 a standout year across asset classes They also discuss the importance of patience, dividend growth, and ignoring short-term noise while building long-term wealth. Episode Timestamps: 0:00 New Year’s investing mindset 0:46 Welcome to The Wide Moat Show 1:56 New Year’s resolutions for investors 2:40 Why holding is the hardest part of investing 3:15 Portfolio performance and staying the course 4:36 Dividend growth and compounding over time 5:49 Market reflections and investor narratives 6:30 2025 market performance and policy impact 7:44 Growing the Wide Moat audience and research 8:43 Why 2026 could be a breakout year 9:09 Engaging the Wide Moat community #WideMoat, #WideMoatShow, #Investing, #DividendInvesting, #DividendGrowth, #LongTermInvesting, #Compounding, #PassiveIncome, #OptionsTrading, #StockMarket, #ValueInvesting, #SWANInvesting, #BradThomas, #NickWard, #FinancialFreedom, #WealthBuilding, #MarketOutlook, #2026Investing

In this holiday edition of The Wide Moat Show, Brad Thomas and Nicholas Ward break down some of the most undervalued, high-quality stocks they’re watching as we head into 2026—along with one popular asset they’re actively avoiding. With REITs trading at some of the lowest valuations seen in decades, Brad explains why rising rate-cut expectations could act as rocket fuel for real estate stocks and highlights two REITs he believes are deeply discounted relative to their fundamentals. These picks focus on strong balance sheets, durable cash flows, and reliable dividends. Nick then shares a surprise stocking stuffer—a stock he’s been bearish on for years but recently bought after a major selloff and a potential game-changing acquisition. He also explains why, despite its strong recent performance, gold is his “coal” for 2026, favoring compounding businesses over non-productive assets. Whether you’re looking for income, long-term value, or wide-moat businesses you can sleep well owning, this episode delivers thoughtful, fundamentals-driven insight—just in time for Christmas. 🎅 Merry Christmas, and happy SWAN (Sleep Well At Night) investing! 👉 Hit the like button, subscribe for more wide-moat investing ideas, and tell us in the comments—what’s your top stock heading into 2026? Episode Timestamps: 0:00 Why High-Quality Stocks Are at Rarely Seen Valuations 0:50 Holiday Edition: Stocking Stuffers vs. Coal 1:58 Why REITs Are Historically Undervalued 4:34 REIT Stock Pick #1 6:56 REIT Stock Pick #2 9:30 NNN Return Potential Through 2026 10:26 Why Buying When Stocks Are Cheap Matters 10:49 Surprise Stock: Netflix (NFLX) 15:06 Why Gold Is “Coal” for 2026 17:49 Final Thoughts & Merry Christmas #WideMoatShow, #ValueInvesting, #UndervaluedStocks, #BestStocksToBuy, #REITs, #DividendInvesting, #RealEstateInvesting, #NetflixStock, #GoldInvesting, #StockMarket, #LongTermInvesting, #WideMoat, #SWANInvesting, #nickward, #bradthomas

Relive our biggest stock wins and mistakes of 2025 in this special Wide Moat Show portfolio review with Brad Thomas and Nicholas Ward. We break down what worked, what didn’t, and the biggest lessons we’re taking into 2026—especially how stop-losses helped manage downside in volatile picks. In this episode, we cover: - Our biggest losers of 2025 and what we learned from them - How stop-loss investing works in real time (risk management examples) - Why 2025 felt like “AI or bust” for the market - What we’re watching next and how we think about re-entry after a stop-out Stocks discussed: Six Flags (FUN), Owens Corning (OC), Advanced Auto Parts (AAP), Denny’s (DENN), Quanta Services (PWR), Restaurant Brands International (QSR) Want more research and our model portfolios? 👉 Visit WideMoatResearch.com to learn about our premium services 👍 If you found this helpful, please like, comment, and subscribe for weekly stock market insights, dividend investing ideas, and “sleep well at night” portfolio strategies. Episode Timestamps: 0:00 – Why learning from winners and losers matters 1:10 – 2025 portfolio review: big wins vs. big mistakes 2:30 – Stop-losses explained (real example in action) 3:00 – Six Flags (FUN) 7:20 – Owens Corning (OC) 8:15 – Why 2025 was “AI or bust” for the market 13:30 – Advanced Auto Parts (AAP) 15:20 – Meeting Bill Ackman and finding the Denny’s idea 17:10 – Denny’s buyout 18:20 – Quanta Services (PWR) 21:30 – Key lessons from 2025 + what comes next #WideMoat, #WideMoatShow, #StockMarket, #Investing, #ValueInvesting, #DividendInvesting, #PortfolioReview, #StockPicks, #StockWins, #StockLosses, #StopLoss, #RiskManagement, #AIMarket, #AIStocks, #DataCenters, #InfrastructureStocks, #QuantaServices, #AdvancedAutoParts, #Dennys, #OwensCorning, #SixFlags, #RestaurantStocks, #SmallCapStocks, #LongTermInvesting, #FinancialEducation, #MarketAnalysis

In this week’s episode of The Wide Moat Show, Brad Thomas and Nicholas Ward dig into one of the biggest misconceptions in the market today: 👉 Are investors really diversified when they buy the S&P 500? Spoiler: Probably not. With the “Magnificent 7” making up nearly 40% of SPY, most portfolios today are far more concentrated in Big Tech than investors realize. Brad and Nick break down what this means for valuations, risk, forward returns, and how to navigate an AI-driven market that may be entering the middle innings of its explosive run. In This Episode: 🔹 Why the S&P 500 isn’t the diversification tool you think it is 🔹 The problem with Mag 7 valuations after a massive sentiment-driven rally 🔹 How to identify sectors the market is ignoring—and why that’s often where the best returns come from 🔹 Why healthcare REITs quietly became some of 2025’s top performers 🔹 The dramatic divergence inside the real estate sector… and why valuation still matters 🔹 A deep dive into Alexandria (ARE), its dividend cut, and what comes next 🔹 Brad’s newest research project: Landrush 2026 and the potential investment boom tied to President Trump’s new AI infrastructure executive order Whether you're an income investor, a tech bull wondering about stretched multiples, or someone looking for undervalued opportunities beyond Big Tech, this episode delivers clear, actionable insights. If you enjoy this content, please LIKE, COMMENT, and SUBSCRIBE — your engagement helps us keep growing the Wide Moat community. We're now over 11,000 subscribers strong! Episode Timestamps: 0:00 – Are You Really Diversified in the S&P 500? 1:05 – Brad & Nick Back on the Wide Moat Show 2:30 – The Hidden Concentration Risk in SPY 4:50 – Why Mag 7 Valuations Are Becoming a Problem 7:10 – REIT Sector Breakdown & Performance 9:15 – Tech vs. Real Estate: Has the Money Already Been Made? 12:00 – Searching for AI Tailwinds Outside the Mag 7 13:00 – Healthcare REITs: 2025’s Quiet Outperformers 15:20 – Alexandria (ARE) Valuation & Dividend Cut 16:30 – Brad’s Myrtle Beach Story & Market Lessons 17:50 – Introducing Landrush 2026 19:20 – What’s Coming Up for the Wide Moat Show 20:40 – Closing Thoughts & Happy SWAN Investing #WideMoatShow, #WideMoat, #Investing, #StockMarket, #SP500, #Magnificent7, #BigTech, #AIStocks, #AIInvesting, #Dividends, #DividendInvesting, #REITs, #RealEstateInvesting, #HealthcareREITs, #IncomeInvesting, #ValueInvesting, #LongTermInvesting, #RetirementInvesting, #PassiveIncome, #BradThomas, #NickWard, #Landrush2026, #Trump, #AIInfrastructure, #WealthBuilding, #FinancialFreedom

In this episode of The Wide Moat Show, Brad Thomas sits down with Chris Volk, a pioneer in the net lease REIT industry, long-time CEO, and author of The Value Equation. Chris has been involved in over $20 billion of net lease transactions and has helped build three public net lease REITs, including STORE Capital, which attracted an investment from Berkshire Hathaway. Whether you’re a REIT investor, income investor, or just trying to understand how real estate can create a “sleep well at night” (SWAN) portfolio, this conversation is full of practical insight on valuation, risk, and durable business models. 🔔 Subscribe for more Wide Moat interviews and SWAN investing ideas 📰 Get our daily insights at WideMoatDaily.com?v=mQgDxoFven0 👍 Like, comment, and share if you found this helpful ⏱️ Episode Timestamps 0:00 – Introduction & Guest Background 1:37 – Chris Volk’s Early Career & Entry into Net Lease 4:55 – The Evolution of the Net Lease REIT Sector 6:54 – Why Net Lease Outperforms: Corporate Credit + Real Estate 10:30 – Middle Market Tenants vs. Investment Grade Tenants 11:52 – Inside Berkshire Hathaway’s Investment in STORE Capital 14:50 – Essential Properties (EPRT) & What Makes a Top Performer 17:05 – Sector Risks: Car Washes, Convenience Stores & Diversification 18:33 – Costco: Valuation, Real Estate Strategy & Limited Operating Leverage 26:10 – The Future: Consolidation, Private Equity, and the Next 5–10 Years #NetLease, #REITs, #RealEstateInvesting, #WideMoat, #ChrisVolk, #StoreCapital, #BerkshireHathaway, #ValueInvesting, #SaleLeaseback, #BradThomas

In this Thanksgiving / Black Friday episode of The Wide Moat Show, Brad Thomas and Nicholas Ward share 5 wide-moat stocks they see as “Black Friday bargains” in today’s market. They cover a mix of growth, income, defense, and retail names — from South American e-commerce to beaten-down U.S. retailers and classic consumer staples. They also celebrate passing 10,000 subscribers, thank viewers for spending part of Thanksgiving with them, and tease next week’s special guest: former REIT CEO Chris Volk, who co-founded STORE Capital and did a deal with Berkshire Hathaway / Warren Buffett. 👍 If you enjoyed this episode, please: like the video, subscribe to The Wide Moat Show, and comment below with the stock you found most interesting! Episode Timestamps: 0:00 – Happy Thanksgiving & 10,000-subscriber milestone 2:00 – Today’s theme: Black Friday stock bargains 5:40 – Nick’s Pick #1: MercadoLibre (MELI) 10:54 – Nick’s Pick #2: Clorox (CLX) 16:20 – Nick’s Pick #3: Rheinmetall (RNMBY) 21:20 – Brad’s retail background & intro 21:55 – Brad’s Pick #1: Lululemon (LULU) 29:37 – Brad’s Pick #2: Target (TGT) 35:56 – Wrap-up, Thanksgiving wishes & Disney trip teaser #WideMoatShow, #StockMarket, #Investing, #ValueInvesting, #BlackFridayDeals, #Thanksgiving, #DividendStocks, #GrowthStocks, #RetailStocks, #StockAnalysis, #MercadoLibre, #Clorox, #Rheinmetall, #Lululemon, #TargetStock, #WideMoat, #LongTermInvesting, #StockPicks, #FinancialEducation