Random Reads - week ending Dec 2

Warren Buffett says, “I just sit in my office and read all day.” Not everyone can afford to devote themselves to reading to that extent so here's a shortcut - the headlines that caught our eye this past week and compelled us to click and read.

Myth Busting: Stocks Correlations and Active Investment Opportunities | Alpha Architect
I will show that stocks can be perfectly correlated and have massive return variability, similarly, one can show that stocks can have zero correlation and maintain limited return variability.

Bubbles | @jsblokland
Past financial bubbles, excluding the Dutch Tulip mania of the 1600s

Opinion: The chance of a bitcoin crash is greater than 80% | MarketWatch
There’s a greater-than-80% chance that bitcoin will soon crash. To be sure, mine is not the first column to suggest that a bitcoin BTCUSD, +0.47%  crash is imminent, especially as bitcoin’s price tops $10,000. But you may not realize just how high the probability of a crash has become.

Directors in firing line as executive remuneration strikes fall | AFR
... individual directors have faced the strongest protest votes on record, as investors have demanded board renewal and held individual directors to account with big protest votes against directors at Harvey Norman, Brambles, Karoon Gas and Commonwealth Bank.

Secular Bull Takes Flight | The Reformed Broker
Ari Wald (Oppenheimer) has a great chart illustrating the comeback we’re seeing for the median stock in the index. FAANG is not nearly as aberrant as you might think – every secular bull market has its generals...  now the median stock is breaking out above the old market tops from 2000, 2007.

Bio bug killer makes steady ASX debut with sweetener to keep sellers at bay | Stockhead
Bio-Gene Technology shares barely moved on its Wednesday ASX debut, but for a good reason: the natural pesticide maker promised a sweetener for anyone holding on for three months.

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10k Words | August 2022

Image
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