October 10th, 2021.
Happy Friday Money Pals! Suffice it to say it's been another huge couple of weeks in the business/investing world so let's get into it ⬇️
🚨 New Article 🚨
It's no secret that the cybersecurity industry is forecast to grow significantly in the coming years.
But what's driving the industry forward and how exactly can you invest in the megatrend? Well, there's one ASX listed ETF designed to give investors access to some of the largest players in the space.
In this article, I'll be unpacking Betashares Cybersecurity focused ETF (ASX:HACK)
You can read the full article via the link below ⬇️
What Caught My 👀 This Week
This week, Norwegian Cruise Line Holdings said that their entire 28 ship fleet should be back in service by April 1 2022 🚢
Are you planning a cruise in 2022?
#From Around The Web
The Shift To EVs Is Accelerating. Really Quickly.
This week Rolls-Royce joined the growing list of car manufactures setting electrification targets by confirming their aim to produce all-electric vehicles by 2030.
Rolls also announced that they're planning to field their first production EV, the Spectre coupe, in the fourth quarter of 2023.
Rolls Royce CEO Torsten Müller-Östvös said, “With this new product, we set out our credentials for the full electrification of our entire product portfolio by 2030.”
Rolls Royce is owned by BMW, so I suspect they’ve been able to tap into some of BMWs IP from their range of EVs to help with the development of the Spectre and new models going forward.
The luxury car makers all EV mandate led me to some further reading into the current state of play in the EV market. In a short space of time, demand for EVs has spiked dramatically. The FT reported "sales of electric cars in Europe have jumped from 198,000 in 2018 to an expected 1.17m this year"This article explores what's driving the seismic shift in the adoption of EVs, and the future of the auto industry looks like moving forward.
Ex-Lehmann CEO Is Back In Business
Over recent years, I've become been fascinated by previous global financial meltdowns like the great recession and global financial crisis. What I've learned is that history doesn't repeat itself, but it certainly rhymes.
Recently I read an article comparing the Evergrande situation to that of the former investment bank, Lehmann Brothers. Sure enough, I found myself digging into the story of what went wrong with Americas once 4th largest investment bank.
As it turns out, Richard 'Dick' Fuld, the long-serving CEO of Lehmann Brothers at the time of their bankruptcy in 2008 made a quiet return to Wall Street in 2017.
Under Fuld's leadership, Lehmann Brothers acquired billions of dollars worth of toxic mortgage-backed securities brought down by the collapse of the subprime mortgage market that eventually led to Lehmann's demise in 2008.
The Lehmann bankruptcy wiped out tens of billions of dollars in shareholder value, resulted in the loss of over 25,000 jobs, and triggered a downward spiral that eventually led to one of the largest government bailouts on record.
This podcast from Business Movers tells the story of how Lehman's culture of risk-taking and overconfidence lead to the largest bankruptcy in U.S. history.
Best Investing Books
Warren Buffett is an avid reader. In fact, he's famous for reading up to 5-6 hours per day. Buffett aligns the benefits of accumulating knowledge with the compound interest effect, it builds up over time.
With that idea in mind, I decided to put together a list of the best books on investing, business, psychology or a combination of all three recommended by yours truly, and my guests on The Inside Word.
You can check out the full list using the link below ⬇️
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