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Become a Better Investor Newsletter – 2 March 2024

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Noteworthy this week

  • Valuations matter, or do they?
  • Bitcoin back above $60K
  • Bitcoin ETFs attract billions
  • Shitcoin or Real estate?
  • The woke Gemini

Valuations matter, or do they?: The current valuation spreads make non-US equity look attractive.

Bitcoin back above $60K: The BTC price has gained massive momentum following the spot Bitcoin ETF launches. Will we see new ATHs?

Bitcoin ETFs attract billions: The new spot Bitcoin ETFs clearly attract trading, reaching $6bn in a day.

Shitcoin or Real estate?: Canada, Australia, New Zealand, and the UK have seen massive surges in real estate prices. Sustainable?

The woke Gemini: It seems like the DEI squad got a tiny bit too much of a say in the creation of Google’s new AI, Gemini. Do you want AI to attempt to give you a truthful answer or a woke one?

Join the world’s toughest valuation training

Become a Valuation Expert. Valuation Master Class Boot Camp graduates can confidently value any company in the world and possess in-demand industry skills.

Click here to learn more.

Weekly market performance

Click here to see more markets and periods.

Chart of the week

Discussed in the Become a Better Investor Community this week

“You can now access your weekly updated Market Cheat Sheet and Equity FVMR Snapshots.”

Try 1 month of the Become a Better Investor Community for FREE today!
You can cancel at any time. Click here to learn more.

Podcasts we listened to this week

Capital Allocators  – Michael Mauboussin: Pattern Recognition And Public Markets

“Our conversation explores Michael’s most recent piece on pattern recognition, including when it works and when it doesn’t. We then transition to discussing the changing nature of public markets, inspired by another of Michael’s recent research reports entitled Birth, Death, and Wealth Creation.”

Listen to the episode.

Readings this week

The Low-Volatility Factor and Occam’s Razor

“The low-volatility premium may be the most compelling anomaly in financial markets: Less risky securities outperform their riskier counterparts over the long term.”

Read article.

Book recommendation

A Brief History of Intelligence: Evolution, AI, and the Five Breakthroughs That Made Our Brains by Max Bennett

“Equal parts Sapiens, Behave, and Superintelligence, but wholly original in scope, A Brief History of Intelligence offers a paradigm shift for how we understand neuroscience and AI. Artificial intelligence entrepreneur Max Bennett chronicles the five “breakthroughs” in the evolution of human intelligence and reveals what brains of the past can tell us about the AI of tomorrow.”

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

Ep775: Sam Primm – Be Intentional About What You Invest In

BIO: Sam founded FasterFreedom to teach people like him to quit their jobs, become successful real estate investors, and achieve that same freedom and financial independence.

STORY: Sam and his partner invested in a self-storage. They fixed the property a bit and built a couple more facilities. They didn’t know this space, and the investment has cost them about $500,000 of potential loss and probably more than they could have gained in revenue.

LEARNING: Be intentional about what you invest in. Stick to what you know. Think through every expansion.

Access the episode’s show notes and resources

Ep774: Marc Faber – The Value of True Diversification

BIO: Dr. Marc Faber, renowned for his unconventional expertise in investment strategies, is a fund manager and author. He serves as the editor of the “Gloom Boom & Doom Report” and the “Monthly Market Commentary,” earning international recognition as the pessimistic stock market expert “Dr. Doom.”

STORY: In the late 1990s, Marc became convinced that the Dotcom bubble would burst. However, at the turn of 2000, Greenspan injected liquidity into the system because everyone was talking about the millennium. This caused the NASDAQ to go another 30% between January 1 and March 21. Marc was heavily short throughout this vertical rise.

LEARNING: Diversify in stocks, bonds, cash, precious metals, and real estate. Don’t be overly bearish.

Access the episode’s show notes and resources

Published on Become a Better Investor this week

How do grading systems, teacher ratings, school rankings, and other programs like those create barriers to learning? Should we eliminate them entirely, or do they have their place? John Dues and host Andrew Stotz talk about how to preserve joy in learning.

Listen to Remove Barriers To Joy In Learning: Deming in Schools Case Study (Part 18)

Oshkosh Corporation (OSK US): Profitable Growth rank of 7 was up compared to the prior period’s 9th rank. This is below average performance compared to 1,490 large Industrials companies worldwide.

Read Oshkosh – World Class Benchmarking

Karmarts Public Company Limited (KAMART TB): Profitable Growth rank of 1 was up compared to the prior period’s 2nd rank. This is World Class performance compared to 250 small Cons. Staples companies worldwide.

Read Karmarts – World Class Benchmarking

HBIS Resources Company Limited (000923 SZ): Profitable Growth rank of 4 was up compared to the prior period’s 5th rank. This is above average performance compared to 1,460 large Industrials companies worldwide.

Read HBIS Resources – World Class Benchmarking

Jollibee Foods Corporation (JFC PM): Profitable Growth rank of 7 was down compared to the prior period’s 6th rank. This is below average performance compared to 960 large Cons. Disc. companies worldwide.

Read Jollibee Foods – World Class Benchmarking

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.

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