What is going on today? - Megathread

Investing and Markets 📈
4450

In which financial stock do you think Warren Buffett has been investing anonymously?

2 Likes
4451

GME :sweat_smile:
We all know.

1 Like
4452

Screenshot 2024-05-07 at 07.29.48
Screenshot 2024-05-07 at 07.29.481852×2358 610 KB

:rofl: :rofl: :rofl:

1 Like
4453

When you consider Boris’ invective, “F’ business”, the Brexit pound crash, the Truss and Kwarteng debacle followed by the ISA non idea. It would be mathematically implausible for Labour to out underperform the Conservatives on approach to the LSE.

16 Likes
4454

This country has to be “reset” completely with progressive ideas, stop debating on non-issues in the parliament and focus on how existing issues can be fixed. Focus on public transport, utilities, NHS, reviving highstreet, housing, Infrastructure, manufacturing, skillset, knowledge economy etc


16 Likes
4455

Spot on

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4456

Reviving highstreets is a lost cause, a bit of a Corbynistas’ unicorn. Agreed on reset and all the other items on your list :+1:

4457

Stripping the issue all the way back to the very basic level, investing needs to be taught in school, and needs to begin right NOW! You have to plant the seed as early as possible.

If you ask the public about why they do not invest in the stock market you hear terms like “it’s gambling” and “I do not get involved in stuff I don’t understand” and “you need a lot of money to invest.” They have no bloody clue!

A cultural shift needs to happen and it certainly isn’t going to come from any of the current parties in Westminister whether they are in Government or not. If by some miracle, who ever gets elected next election decides to make changes to how the stock market is percieved by the average joe on the street; It’s going to be decaded long before the shift permeates through our society in this country, hence why you need to get this education into schools.

3 Likes
4458

Well to be fair it’s smart of them to not invest in something they do not understand hence why they say gambling and it is gambling just with way more options to try steer you in the right direction but there’s never a granuntee.

Agree on getting it taught in school from what I hear it’s happning but just not in depth at the moment.

1 Like
4459

It’s not taught in school because the economy / banking relies on people being bad with money! if people didn’t max out credit cards and mortgages banks would not make any money

2 Likes
4460

they dont have a magic wand, but it will be hard for them to do worse than the tories

4 Likes
4461

It will be 100 times worse than it is now. :cry:
Everything is going to rack n ruin

4462

That’s not quite true. Plenty of schools offer life skills / citizenship classes, and some banks do it as well.

Not perfect but appreciated by the youngsters who get exposed to them.

4463

Don’t be daft, that’s not possible.

This lot aren’t Tories; they’re asset strippers.

2 Likes
4465

Good morning :sun_with_face: -

As usual, we selected the best articles published in the past few days :point_down::

Portfolio Construction:

:arrow_forward: New research into the stock-bond correlation

:arrow_forward: How to rebalance a portfolio

:arrow_forward: Banker’s Paradise: Two Easy Ways To Fool Investors

:arrow_forward: Do Stock Outperform T-Bills?

:arrow_forward: The Worst Bond Bear Market Ever Marches On

Active Investing:

:arrow_forward: Listen all the way - Warren ends it epically.

:arrow_forward: SocGen Rogue Trading: “Won’t Somebody Please Think of The Traders?”

:arrow_forward: Risk Parity Investing (BoW 100% Equity Article Mentioned)

ETFs / Brokers

:arrow_forward: BlackRock world ETF flash crash on Deutsche Boerse: A deep dive

:arrow_forward: Trading 212 Review: Pros & Cons

Wealth & Lifestyle:

:arrow_forward: Amundi Research on Decumulation Strategies

:arrow_forward: Great FT Article on “Can you afford to retire early?”

:arrow_forward: How a Pioneering Blackjack Master Beats the Odds of Aging

:arrow_forward: The Top 20 Countries in Debt to China

Have a great Saturday!

Francesca from BoW Team :biking_man: :biking_woman:t3:

3 Likes
4466

Some AI news, ChatGPT 4o announced - OpenAI releases GPT-4o, a faster model that’s free for all ChatGPT users - The Verge

Some demos of different features on the OpenAI YouTube channel (link below), think the highlight is the two AIs interacting and singing with each other - https://youtu.be/MirzFk_DSiI?si=q-1AIkGy8m3EP3L4

Pretty impressive stuff, maybe an improved Siri is on the cards (with the rumour Apple are in discussions with OpenAI)

Full playlist - https://youtube.com/playlist?list=PLOXw6I10VTv8VOvPNVQ8c4D4NyMRMotXh&si=_YT6nPgcQ28himKe

1 Like
4467

Mysterious stock revealed

2 Likes
4469

An absolutely great interview. Terry Smith explains in detail the kinds of companies he aims to own and the kinds he doesn’t. He explains why he doesn’t invest in Tesla, Nvidia, and other companies. It’s definitely worth reading.

5 Likes
4470

Good morning :sun_with_face: -

As usual, we selected the best articles published in the past few days :point_down::

Portfolio Construction:

:arrow_forward: Global ETFs: Amundi challenges Vanguard & iShares!

:arrow_forward: Translating Wall Street Jargon

:arrow_forward: Non-US Portfolios: Multi-asset investing (Amundi Research)

:arrow_forward: Asset class correlations & portfolio construction

:arrow_forward: Why Your Portfolio Should Include Scarce Assets

Active Investing:

:arrow_forward: Real and alternative assets in focus in the strategic asset allocation

:arrow_forward: The Case Against Private Markets

:arrow_forward: Countries With the Highest Rates of Crypto Ownership

:arrow_forward: Eric Crittenden & Jason Buck Explain Why Best Investors Follow the Trends

ETFs / Brokers

:arrow_forward: RUK granting US-listed ETF equivalence more political gesture than meaningful

:arrow_forward: Barclays & HSBC & IG Reviews

Wealth & Lifestyle:

:arrow_forward:Retirement age for those who don’t read BoW

:arrow_forward: Safety First – Retirement Withdrawal Rates

:arrow_forward: How Singapore Got So Crazy Rich

:arrow_forward: The Modern Curse of Overoptimization

Have a great Saturday!

Francesca from BoW Team :biking_man: :biking_woman:t3:

2 Likes
4471

A summary from Terry Smith investment approach according to his interview (above)

— He doesn’t invest in cyclical industries (companies with good or bad returns depending on the economy. E.g. airlines)

— He aims to invest in companies with a return on capital = 30% (so for every pound of capital owned in the company, 30% of it means profit)

— He seeks companies with a source of growth (high returns + growth = compound)

— He seeks companies that make money with products with a degree of predictability in consumption (repetitive use, routine consumption)

— Last but no least, management team skills (smart people who know how to allocate well the capital)

Terry Smith likes to use the Free Cash Flow Yield (free cash flow / market cap) on valuation, as he explains in this video down below. He seeks FCFY = or above 5%.

I was going to write this down for myself, but I wondered why not write it for everyone. So that’s why I shared this summary. I hope you enjoy it as much as I do :ok_hand:

12 Likes