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Value Investing: Introducing Cash Flow

Value Investing: Introducing Cash Flow

My Journey in Finance; Following on from book value, I move on to cash flow (CF), free cash flow (FCF), and free cash flow yield (FCF yield). According to the accounting software company Xero, “Cash flow refers to the money that flows in and out of your business within a

Value Investing: Introducing Book Value

Value Investing: Introducing Book Value

My Journey in Finance; Following on from the enterprise value-to-sales ratio (EVS), we move to book value (BV), the price-to-book ratio (PBK) and book value per share (BVPS). BV looks at a company’s net assets, i.e. the assets less the liabilities. It is most useful for asset-heavy companies,

Buy Only the Very Best

Buy Only the Very Best

2024 surprised with political upheavals, market twists, and global resilience despite Fed tightening. The U.S. economy defied slowdown expectations, driven by strong job markets and easing inflation. Equities performed well, while bonds lagged, and gold surged alongside U.S. equities. The AAA Model delivered a 12% return, outperforming its

Happy Christmas from the Fed

Happy Christmas from the Fed

I made some comments in yesterday’s ByteFolio, where we cover Bitcoin and crypto. For those unaware, the first part each week has a few comments on Bitcoin and is free to read. The rest of it is premium and covers crypto tokens. I would encourage readers interested in Bitcoin

A Very Macro Christmas

A Very Macro Christmas

ByteFolio Issue 139; 💡This issue covers Bitcoin (BTC), THORChain (RUNE), Solana (SOL), Avalanche (AVAX), Near (NEAR), Arweave (AR), Stacks (STX) and TRON (TRX). The US dollar is surging, driven by a hawkish Fed. US Dollar Index Behind that move is a message from the Fed that while they cut interest

Sui: The Fastest Growing Layer-1 Platform

Sui: The Fastest Growing Layer-1 Platform

Token Takeaway: SUI; Sui is a high-performance, Layer-1 (L1) smart contract development platform designed for exceptional scalability and robust security. As one of the fastest L1s in the industry, Sui has made remarkable strides in the highly competitive smart contract space, outpacing several major competitors since its launch last year.

What Is the Bond Market Telling Us?

What Is the Bond Market Telling Us?

Trade in Soda; Before we get to bonds, I highlight the global stockmarket, which has been riding high this year but now faces deteriorating breadth. That is, the number of stocks in an uptrend is falling. The current reading is 61%, which is workable but falling. Fewer stocks are supporting