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- 📈 Apple goes thermo | Does the world have too many books?
📈 Apple goes thermo | Does the world have too many books?
Here's what we've been learning over the past week
Equity Mates
June 12, 2024
This week on Equity Mates
Hey there Equity Mate,
Mention AI in your business model and boom! Away you go.
The jostling for the title of ‘world’s most valuable company’ is heating up.
Last week we saw NVIDIA race to #2 off the back of impressive earnings results, and now it’s Apple’s turn.
The stock reached record highs earlier this week after it announced new AI features, pushing the stock up 7%. This added $US215.1b in market value, one of the biggest single day value adds in history, according to Bloomberg.
Apple is trading at a market cap of $3.18t, only second to Microsoft with a market cap of $3.22t.
Can’t wait to see what happens to Equity Mates’ valuation when we announce our new AI features… 🤪
Here’s what is in your podcast feeds this week:
Monday - Disney: Investing ride of a lifetime or time to get off? | Company Deep Dive
Tuesday - Buy or Sell: Lucas Goode - Xero, NextDC, Brainchip + more
Thursday - Droneshield: 188% year-to-date - this company is flying | Company Deep Dive
Tuesday - How much did we invest in FY24 | Money Health Check w/ Superhero
Your questions, answered
Claire asked via email:
“So what are some of the tips and tricks you have for your clients when it comes to financial habit stacking?”
We put Claire’s question to Dylan Pargiter-Green , from Bold Wealth.
This is an excerpt from our recent Ask An Advisor episode with Dylan.
The most obvious one is savings habits. We will get people to save for the first time sometimes, and they will put money away that they haven't been able to do previously. And even probably a better example of that is superannuation, and getting people in their 40s or 50s to start contributing extra to superannuation when they've never done it before, because they think the need for it is 15 or 20 years away.
We start with a goal. For example, we're going to take $100 a fortnight. It's going to come out pre-tax, you won't notice it. And then what you find is they come back to you six months later and they’ve put an extra thousand dollars into superannuation. Then we increase it very incrementally. And the effect that that has on their retirement savings and therefore their income capacity later on is huge.
So in terms of stacking habits, it's starting small, helping people understand the little benefit. And then building. Works for both superannuation and for normal savings.
If you have a question you’d like answered, hit us up at [email protected]
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What we’ve been reading
There Are Too Many Books
This article starts with a hot take: there are too many books in the world.
Books, the way we share knowledge across language and geographic divides. Books, the way we preserve that knowledge for future generations. How can we have too many of them?
But as you read this article, it is hard to disagree with its conclusion. The publishing industry, like every other industry, has been captured by the capitalist idea that more is better. And if more can be produced with the same resources then that is good. If more can be produced with less resources, that’s great.
But publishing isn’t like any other industry. Trying to get writers and editors to create more often comes at the quality of everything they produce. More may be better for the bottom line, but not for the quality of the book. Not for what we are trying to share with other people and future generations.
This problem is only going to get exacerbated by AI. The CEO of Penguin Random House recently told the New York Times that their strategy to increase market share was to use AI to help publish more titles without hiring more employees. There’s not doubt AI will supercharge book publishing - spell checks, copyright checks and typesetting will all be AI-driven. But you also worry about the way it will increase book throughput. The industry already publishes far quicker than anyone can read. We’re not looking forward to that getting even quicker.
Job opportunity!
Our friends at Quartr are looking to hire someone who listens to Equity Mates...
Quartr are Sweden's most exciting Fintech startup and are looking for an Australian remote employee to handle data sourcing in non-European hours.
The role does not require any specific education or past experience but rather Quartr are optimising for specific personal qualities... they want reliability, attention to detail, and thoroughness.
This is a full-time position, and is entirely remote - although you have to be in Australia. You will work in collaboration with the rest of the Data Sourcing team in Sweden. Quartr's Data Sourcing team ensures that the data offered in Quartr products and API is available on time and of the highest quality. This person will be responsible for Quartr coverage of Southeast Asia, primarily focusing on Australia and New Zealand.
Email [email protected] with your applications. They will fill this position very quickly.