Become a Better Investor Newsletter – 25 October 2025

Group 1 - The internet's reliance on centralized cloud infrastructure was highlighted by the recent downtime of Amazon Web Services (AWS) [1] - Gold prices experienced a significant decline of -5.7%, marking the largest one-day drop since April 2013, which is a rare occurrence [2][4] - Institutional demand for gold remains strong, with 95% of reserve managers anticipating an increase in global central bank gold holdings over the next 12 months, a record high according to a World Gold Council survey [3][4] Group 2 - The gains of the "Mag 7" stocks have been primarily driven by earnings per share (EPS) growth, contrasting with the broader S&P 500, which has seen more reliance on multiple expansion [4] - Active fund managers are facing challenges, with only 22% of active funds outperforming the market year-to-date, marking the worst performance in at least 26 years [4]