I have recently discovered yoga, wish I had done so long ago. I am very fit and strong and as such yoga is a great lesson in humility. Flexibility has never been a core asset of my athletic prowess, which I am reminded of in every yoga class. But still I keep going back.

Why is it that no one mentions FX rates in the context of value investing? If a stock is listed in a market with a devalued/weak currency, then isn't it undervalued compared to its peers in other markets. As any purchaser outside the host country will see the relative cost of said stock as cheap?

This book has some interesting concepts and theories on why society experiences upheaval. They help to explain the rise of Trump and his contemporaries. Sobering reading for many, myself included.

I did this race in 2019 and learnt more about myself and the US than I thought possible.
Original route Astoria to Yorktown.

Nice day for a swim in an ocean pool

I'm trying to find the best and sharpest definition of value investing, here is my current effort: Value investing is buying stocks at a discount to their intrinsic value and selling them at a premium to their intrinsic value.
But what are those discounts and premiums?
#valueinvesting #finance

Time spent working on flexibility, body or mind, is never wasted