Buzzing Bazaars
In this week's newsletter we dive into what makes online marketplaces great businesses, discuss value vs growth, and figure out what being part of the 1% really means.
Dear Clients and Friends of Farrer Wealth Advisors, we are pleased to bring you the Farrer Wealth Biweekly Blast, which includes our latest blog posts, fun facts, and general articles we find interesting. Happy reading and happy investing!
Latest Blog Post
Buzzing Bazaars -
We are in the process of cataloguing business models we like, and thought we’d turn one of our papers into a blog post. In this week’s edition we take a look at what we like about marketplace business models, how to differentiate them, and why the market values them. Click here to read our latest blog.
Farrer Fun Fact
Value vs Growth: While value investors seem to have been enjoying the mayhem in growth stocks this week, growth investors shot back with the above chart that shows the main drive for stock performance is long-term revenue growth. Growth investors will be hoping this continues to be true as multiples compress.
Articles and Videos of the Week
We really enjoyed this investor letter from Coho Capital. It talks about the fund manager’s evolution and gives lots excellent advice for professional investors. Its definitely worth your time to give it a read.
Crypto evangelists will murder us for this one, but a crypto bull to bear posted this fascinating article about a potential crypto doomsday machine. (Note: we are neither crypto bulls nor bears).
The Not Boring blog, had a great guest piece about why restaurants are pushing back against the DoorDash and Ubers of the world. It can be read here or listened to here.
Ever wonder how much money you need to be in the top 1% of wealthy individuals in your country? Well Bloomberg has the answer.
Keep hearing about non-fungible tokens but have no idea what they are? Join the club! This article will help explain.
Most people don’t realize how much Interactive Brokers’ Thomas Peterffy knows about exchanges considering he helped build some of the first electronic trading platforms. In this short clip, he talks about how close we came to a system failure during the GameStop saga.