I want to start with something simple: The most important investment most of us can make this week isn’t a stock, it’s five focused minutes.
Every week, my colleague Jason Fieber publishes his Undervalued Dividend Growth Stock of the Week. It’s free, it’s concise, and it’s some of the most important work we produce.
Yet if we’re honest, most of us will spend far more time reacting to headlines or scrolling through noise than we will intentionally reviewing one high-quality investment idea.
That’s not a time issue. It’s a consistency issue. And over long periods of time, consistency compounds.
But when we actually take those five minutes seriously, something interesting happens. We stop reacting and we start evaluating.
And every so often, we recognize a situation where a high-quality business is trading below what it’s worth.
That’s exactly what happened on May 16, 2025…
That’s when Jason highlighted Taiwan Semiconductor (TSM).
At the time, TSM was trading around $194 per share. Based on his analysis, he estimated fair value at $249.92. There was no urgency attached to it and no flashing lights. Just a dominant semiconductor manufacturer trading below intrinsic value.
Fast forward to today, and TSM trades around $370.
That’s roughly a 90% gain in less than a year.
Meanwhile, the dividend increased from approximately $0.68 per quarter to nearly $0.97 — roughly 40% growth in under a year.
Here’s what that progression looked like…
There was no magic involved.
The thesis held. Earnings expanded. Demand strengthened. The market recalibrated.
When we buy a high-quality business at a bargain price and the underlying story remains intact, this is the kind of outcome that becomes possible.
We don’t need 52 great ideas.
We don’t need dozens of 90% winners to build meaningful wealth.
What we need are a handful of high-quality businesses purchased at sensible prices — and the discipline to recognize them when they appear.
If we had invested $10,000 into TSM when Jason highlighted it, that investment would now sit near $19,000. Over the same stretch, the S&P 500 gained roughly 16%, which is perfectly respectable. But one well-timed, well-researched idea meaningfully changed the outcome.
That’s not about predicting the future perfectly. It’s about being present when value presents itself.
The investment we actually control.
The part we control isn’t the market. It’s our consistency.
Five focused minutes each week. One high-quality business. One clear thesis.
That’s manageable.
But we have to make it a priority. Because when quality meets value — and it inevitably does from time to time — we only benefit if we’ve done the work and we’re paying attention.
That’s not dramatic.
It’s disciplined — and disciplined capital allocation is how we build portfolios that pay us safe, passive, growing income for the rest of our lives.
Good investing,
Greg
P.S. We never know in advance which weekly idea becomes the next TSM. No one does. But if we consistently show up and evaluate the opportunities in front of us, we dramatically improve the odds that we’re ready when it happens. Stay subscribed to Dividends & Income, read it each week, and invest accordingly.
