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Become a Better Investor Newsletter – 3 August 2024

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Noteworthy this week

  • Fed keeps rate unchanged
  • Socialism eradicates poverty… Not!
  • EU goes full socialism
  • We’ve never used more coal
  • Google ramps up emissions

Fed keeps rate unchanged: At the latest FOMC meeting on July 31, the Fed kept the federal funds rate unchanged at 5.25-5.50%.

Socialism eradicates poverty… Not!: Yes, it was one of those “not!” jokes. Socialism has always ended up in utmost poverty and misery for all; capitalism has helped get the vast majority out of poverty.

EU goes full socialism: The EU proposes to set up a centralized asset register, where citizens need to record all their assets and valuables. I guess a central bank digital currency isn’t enough.

We’ve never used more coal: Despite all the solar panels, all the windmills, the electric vehicles, and the government incentives to go green, the world has never used as much coal as it’s burning this year.

Google ramps up emissions: Google’s greenhouse gas emissions have increased 48% since 2019, driven by increasing energy demand from data centers like those used in running AI.

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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

“Happy birthday Andrew! Wish you a lot of happiness, joy and health. Enjoy your day!”

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Podcasts we listened to this week

Jordan Peterson x Elon Musk 2024 – THRIVE

“Dr. Jordan B. Peterson sits down with Elon Musk for a live interview at Gigafactory Texas, setting the stage for a podcast the world has been waiting for.”

Listen on Spotify.

Readings this week

Quality or Value – Why Not Both?

“Would you rather own a portfolio of cheap, low-quality companies or a portfolio of expensive, high-quality companies?”

Read the article.

Book recommendation

Optimal: How to Sustain Personal and Organizational Excellence Every Day by Daniel Goleman and  Cary Cherniss

“In his groundbreaking #1 bestseller Emotional Intelligence, Daniel Goleman revolutionized how we think about intelligence. Now, he reveals practical methods for using these inner resources to more readily enter an optimal state of high performance and satisfaction while avoiding burnout.”

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 07: The Value of Security Analysis

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 07: The Value of Security Analysis.

LEARNING: Smart investors, like smart businesspeople, care about results, not efforts.

Access the episode’s show notes and resources

Published on Become a Better Investor this week

In the final episode of the goal setting in classrooms series, John Dues and Andrew Stotz discuss the last three of the 10 Key Lessons for implementing Deming in schools. They finish up with the example of Jessica’s 4th-grade science class.

Listen to Goal Setting Is Often An Act of Desperation: Part 6

In July 2024, we published 6 new episodes of the My Worst Investment Ever podcast. Listen to all of them here.

Listen to My Worst Investment Ever July 2024

Guangzhou Baiyun International Airport Company Limited (600004 SH): Profitable Growth rank of 7 was up compared to the prior period’s 10th rank. This is below average performance compared to 1,430 large Industrials companies worldwide.

Read Guangzhou Baiyun International Airport – World Class Benchmarking

Regional Container Lines Public Company Limited (RCL TB): Profitable Growth rank of 7 was up compared to the prior period’s 9th rank. This is below average performance compared to 1,430 large Industrials companies worldwide.

Read Regional Container Lines – World Class Benchmarking

China Telecom Corporation Limited (728 HK): Profitable Growth rank of 6 was same compared to the prior period’s 6th rank. This is below average performance compared to 250 large Comm. Serv. companies worldwide.

Read China Telecom Corp – 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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