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Become a Better Investor Newsletter – 28 September 2024

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Noteworthy this week

  • Gold hits ATH again
  • Nuclear is cool again
  • Socialism is not the answer
  • US ETFs soon hold the most Bitcoin
  • Bitcoin correlates to the money supply

Gold hits ATH again: Gold made new all-time highs in four consecutive trading sessions. The yellow metal set a new ATH above US$2,600 oz/t.

Nuclear is cool again: The world’s biggest banks pledge support for nuclear power (well done!). The pledge comes after Microsoft signed a deal to buy US$16bn in electricity from a nuclear plant over 20 years to fuel its AI ambitions.

Socialism is not the answer: “Socialism is an alternative to capitalism as potassium cyanide is an alternative to water.”

US ETFs soon hold the most Bitcoin: US Bitcoin ETFs soon own 1m BTC and are on the way to passing Satoshi as a top holder.

Bitcoin correlates to the money supply: Bitcoin moves in the direction of global M2 83% of the time, more than other assets.

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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

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Podcasts we listened to this week

#2204 – Matt Walsh – The Joe Rogan Experience

“Matt Walsh is a political commentator, author, filmmaker, and host of ‘The Matt Walsh Show’ podcast. His newest project is the theatrically released film ‘Am I Racist?’”

Listen on Apple or Spotify.

Readings this week

Data-driven Approach to Clustering Similar Macroeconomic Regimes

“The research team at Verdad does some of the most interesting and innovative empirical financial research that is consistently rigorous and based on systematic approaches that are implementable and replicable, providing confidence in the findings.”

Read the article.

Book recommendation

Troubled: A Memoir of Foster Care, Family, and Social Class by Rob Henderson

“In this ‘affecting…intriguing…heartbreaking’ (Booklist) coming-of-age memoir, Rob Henderson vividly recounts growing up in foster care, enlisting in the US Air Force, attending elite universities, and pioneering the concept of ‘luxury beliefs’—ideas and opinions that confer status on the upper class while inflicting costs on the less fortunate.”

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 15: Individual Stocks Are Riskier Than You Believe

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 15: Individual Stocks Are Riskier Than Investors Believe.

LEARNING: Don’t invest in individual stocks. Instead, diversify your portfolio to reduce your risk.

Access the episode’s show notes and resources

Published on Become a Better Investor this week

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 14: Stocks Are Risky No Matter How Long the Horizon.

Listen to Enrich Your Future 14: Stocks Are Risky No Matter How Long the Horizon

In this new series, Jacob Stoller and Andrew Stotz discuss five major management and productivity myths and how Lean and Deming thinking solve them. This first episode offers an overview and Jacob shares his journey from traditional management to a better way.

Listen to 5 Myths of Traditional Productivity: Boosting Lean with Deming (Part 1)

Amata Corporation Public Company Limited (AMATA TB): Profitable Growth rank of 4 was same compared to the prior period’s 4th rank. This is above average performance compared to 290 medium Real Estate companies worldwide.

Read Amata Corporation – World Class Benchmarking

United Therapeutics Corporation (UTHR US): Profitable Growth rank of 1 was up compared to the prior period’s 2nd rank. This is World Class performance compared to 380 large Health Care companies worldwide.

Read United Therapeutics Corp – World Class Benchmarking

Bumi Armada Berhad (BAB MK): Profitable Growth rank of 4 was up compared to the prior period’s 6th rank. This is above average performance compared to 160 medium Energy companies worldwide.

Read Bumi Armada – 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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