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Become a Better Investor Newsletter – 16 August 2025

Noteworthy this week

  • US money supply hits new ATH
  • Buffett Indicator hits new ATH
  • China trade surplus hits ATH
  • US gov’t deficit at US$291bn in July
  • The public sector is stagnant

US money supply hits new ATH: US M2 money supply jumps to a new all-time high of US$22trn.

Buffett Indicator hits new ATH: The Warren Buffett Indicator, which measures stock market capitalization to GDP, has reached an all-time high of more than 211%, marking the most expensive stock market valuation in history.

China trade surplus hits ATH: China trade surplus hits record high of US$1.2trn.

US gov’t deficit at US$291bn in July: In the month of July, the US Government collected US$338bn. Just one problem, they spent US$630bn. A US$291bn deficit in one month.

The public sector is stagnant: The state is not the solution for anything; it throttles productivity and innovation. Only the free market and private sector drive growth and prosperity.


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Weekly market performance

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Chart of the week


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Podcasts we listened to this week

The Hundred Year Pivot Ep. 7 – Edward Chancellor

“Our discussion traces the abandonment of gold-backed currency, the rise of fiat money, and the resulting waves of speculation, monetary intervention, and economic distortion.”

Listen on Apple or Spotify.


Readings this week

Cash Holdings: Data, Theory, and Alternatives

“The goal of this report is to discern the proper amount of cash a company should hold, which takes us into key topics around capital allocation and capital structure.”

Read the article.


Book recommendation

Beyond Stoicism: A Guide to the Good Life with Stoics, Skeptics, Epicureans, and Other Ancient Philosophers by Massimo Pigliucci et. al.

“What is a good life? And how can we create that life in a world filled with uncertainty? Beyond Stoicism invites you to find your own answers to these big questions with help from thirteen of the most prominent Greco-Roman philosophers—many of whom inspired, or were inspired by, the Stoics.”

Get the book on Audible or Kindle.

Audible is great; have you tried it? If not, click here to get 2 books for free.


Memes of the week


New My Worst Investment Ever episodes

Enrich Your Future 41 & 42: DIY Investing or Hire an Advisor? How to Avoid the Costliest Mistakes

In this episode of Enrich Your Future, Andrew and Larry Swedroe discuss Larry’s new book, Enrich Your Future: The Keys to Successful Investing. In this series, they discuss Chapter 41: A Tale of Two Strategies and Chapter 42: How to Identify an Advisor You Can Trust.

LEARNING: Passive investing is still the winner. If something is worth doing, it’s worth paying someone to do it for you.

Access the episode’s show notes and resources


Published on Become a Better Investor this week

What if you could tackle a persistent problem without guesswork? In Part 10 of the Path to Improvement series, John Dues and Andrew Stotz discuss how John’s team uses Plan-Do-Study-Act (PDSA) cycles to calm a chaotic process with precision. Discover how to shift from blame to solutions by leveraging data and Deming thinking.

Listen to Mapping More of the Process: Path for Improvement (Part 10)

TIPCO Asphalt Public Company Limited (TASCO TB): Profitable Growth rank of 3 was up compared to the prior period’s 4th rank. This is above average performance compared to 820 large Materials companies worldwide.

Read TIPCO Asphalt – World Class Benchmarking

Glodon Company Limited (002410 SZ): Profitable Growth rank of 4 was up compared to the prior period’s 7th rank. This is above average performance compared to 630 large Info Tech companies worldwide.

Read Glodon – World Class Benchmarking

Cogna Educacao SA (COGN3 BZ): Profitable Growth rank of 6 was down compared to the prior period’s 3rd rank. This is below average performance compared to 970 large Cons. Disc. companies worldwide.

Read Cogna Educacao SA – World Class Benchmarking

Stocks continued up, China and Financials were strongest. Performance review of our strategies in July 2025 – All Weather Inflation Guard gained 0.4%, All Weather Strategy gained 1.3%, All Weather Alpha Focus gained 0.2%.

Read A. Stotz All Weather Strategies – July 2025


DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.