8. Outside of his superannuation and property investments, Charlie decided to allocate some money into shares. He wants to invest in riskier high-growth companies that represent the future of the world. His financial advisor Charlotte recommended two companies for him to consider: Coinbase (NASDAQ: COIN) and AGL Energy (ASX: AGL). The beta coefficients of COIN and AGL are 2.78 and 0.36 respectively. What does beta measure and how is it interpreted? Based on his investment goals, which company should Charlie pick and why? Hint: focus on the concept of beta in your answer. You do not need to specifically research the individual companies.