Our monthly compilation is packed and shipped (meaning published)!
Enjoy the latest edition – the most interesting reads we found online in the month of July.
Visual Capitalist | Tax-to-GDP Ratio: Comparing Tax Systems Around the World
The tax-to-GDP ratio measures a country’s tax revenue, relative to the size of its economy (measured by its Gross Domestic Product, or GDP). A higher tax-to-GDP ratio means more money is going to government coffers, and in theory, public services like education and infrastructure.
Visual Capitalist | Visualized: The Biggest Ponzi Schemes in Modern History
Ponzi schemes are a type of financial fraud that lures investors by promising abnormally high returns. Money brought in by new members is used to pay the scheme’s founders as well as its earlier investors. This cycle carries on for as long as cash continues to flow in.
Oak Tree Capital | Latest Memo from Howard Marks: Thinking About Macro
Business Insider | 48 of the best hockey players on Wall Street
Family Minded | Most Popular Toys From the Year You Were Born
When you think back to your childhood toy box, what comes to mind? The most coveted toys in your collection were probably quite different than the must-have toys of today… But what about the most popular toy from the year you were born?
Investment involves risk, uncertainty and assumptions. The value of investments rise and fall and there is a risk you may not recoup the amount originally invested. Past performance is not a reliable indicator of future performance.
The contents are provided as general in nature and should not be relied upon nor construed to be the rendering of specific tax, legal, accounting or professional investment advice. Readers should consult with their own accountants, lawyers and/or financial advisors for advice on their specific circumstances before taking any action.
The information contained herein is from sources believed to be reliable, but accuracy cannot be guaranteed. No representations or warranty, expressed or implied, is made by Caldwell Investment Management Ltd. or its affiliates.