Stock markets saw some volatility this week when Portuguese Bank Espirito Santo was said to have missed crucial debt payments. The stock sank 17% before trading was halted and that led to a sharp increase in Portuguese bond yields and a flight to safety from traders. However, a modicum of calm soon returned to markets. Here are some more things that caught my eye this week:
Penny stock pump-up CYNK has gone from less than a dollar to over $20 in just a month
Nice and informative shareholder letter from Warren Buffett
The World Cup of Everything: Who wins the World Cup based on height/exports/alcohol consumption etc etc.
Hilarious video of trading in the 80s
Is a bitcoin ETF on the way?
More next week.