Visuals, Memes & Books
Hi friends!
Last week, I promised that I would share a few tidbits of the Overview Of The Week at Potential Multibaggers, my premium service. My subscribers get the full OOTW on Sunday, and on Monday, you get a few nuggets from the full article.
If you want to try out Potential Multibaggers for free for 2 weeks and get a 20% discount if you decide to stay, then you should click here.
So, this is the one for this week. I hope you enjoy it. If you don’t want to miss these, don’t forget to suscribe.
Visuals
Every week, I share the visuals that I make. This one is about how you can identify a great CEO, with examples.
The second one is the top 100 of the most popular investing books on Goodreads.
You can follow me on LinkedIn if you don't want to miss these updates.
Meme Of The Week
There’s also one (or sometimes more) Meme(s) of the week every week. This is the one for this week.
Interesting Podcasts Or Books
Every week, I share a book or podcast that I am reading or listening to. This week, I had no time to listen to podcast episodes (I was working on my own!), and I'm still reading the books I have shared with my subscribers in the last few weeks.
But I bought a book this week that I will probably read on the plane. It's about Buffett's mistakes. I've already paged through it and read a few paragraphs here and there, and it looks great. I'm looking forward to reading this.
On Wednesday morning, I’m flying to Omaha for the Berkshire Annual General Meeting, and I might read this one on the plane. Unless I fall asleep, of course, haha.
Macro
The March PCE numbers were announced this week. Personal Consumption Expenditures are the Fed's favorite inflation barometer.
The PCE rose 0.3% month-over-month, as expected; the core PCE, so excluding the most volatile categories of food and energy, was also up 0.3%. Both were in line with the expectations.
Year-over-year, the PCE was up 2.7%. That was up slightly more than the 2.6% expected. For some analysts, that was already enough to
That rate exceeded economists’ expectations for a 2.6% gain and landed above February’s reading of 2.5%. That was enough for some sensational headlines again.
But overall, 2.7% inflation is not that bad, is it? While the Fed says it wants to see 2%, the historical inflation is around 2.5%, not that far from the 2.7% we saw. The panicky headlines are totally exaggerated. Inflation numbers are never in a straight line, but up to now, there is no reason to doubt the general trend of lower inflation.
Hello Nubank+: Entertainment and Banking
Exciting and innovative news from Nubank (NU). This week, it announced Nubank+, offering plenty perks, like instant cashback, complimentary withdrawals, and more services to make banking even more frictionless.
The highlight of the announcement of Nubank+, though, is the collaboration with the streaming service Max in Brazil, giving Nubank+ members free access to Max's Basic Plan with ads for the first year. This partnership is a strategic move to mix quality entertainment with financial services, offering customers popular series, movies, and sports in Full HD on two screens at a time.
Here are some features of Nubank+:
An instant 0.5% cashback on credit card purchases that don’t expire and can be converted into miles or credited directly to user accounts.
Complimentary access to a Max streaming plan for 12 months, with future options to upgrade to an ad-free experience.
Unlimited free withdrawals at Banco24Horas ATMs across the country.
A new 'Payment Assistant' feature that organizes and automates bill payments, equipped with Smart Alerts to keep spending in check.
For dedicated Nubank customers who already integrate their financial activities with Nu and spend over R$3,500, or about $685, monthly on their credit cards, Nubank+ will be available at no additional cost. Others can join the enhanced experience for R$29 monthly, about $5.7.
Livia Chanes, CEO of Nubank in Brazil, emphasized that Nubank+ isn't just about financial transactions; it’s about enriching the customer's lifestyle. She stated:
We are always striving to offer the best benefits to our customers, and with Nubank+, we aim to lighten their daily lives and make it more enjoyable.
Hearing the comments from both parties, Nu and Max, this could be the beginning of an even closer partnership in the future.
I hope you enjoyed this. If you want more, there’s a 2 week free trial with a 20% discount if you decide to stay, if you should click here.
In the meantime, keep growing!