20 Aug Hubris Always Seems Ridiculous – Until It's Our Own
There are many steps we can take as investors to shield ourselves from the worst aspects of our emotional behaviour, but one of the most effective, by far, is process, process, process....
There are many steps we can take as investors to shield ourselves from the worst aspects of our emotional behaviour, but one of the most effective, by far, is process, process, process....
Maniacs; divisive politics; we don't work as many hours as we think we do; bubbles; knowledge; expected returns; the democratisation of information; volatility. The best of what I read this week....
Money gives us choices. After satisfying our need for food, clothing and shelter, we can choose how we allocate our discretionary expenditure....
3 cracking books; Appealing Fictions; Making a Market; Timeless Investment Principles; To Do lists; Capitalism; Asking for Help; The (other) problem with active management; Zero fee funds; Table Stakes; French pastry wars. The best of what I read and watched this week...
With temperatures nudging triple digits for most of the month once the morning farm chores are done all of us living here retreat to the cool of the house or the barns during daylight hours. But come the evening, when the temperature drops to...
Photo by Helena Yankovska on Unsplash “Headlines, in a way, are what mislead you because bad news is a headline, and gradual improvement is not.” How we succumb to obsessing over low probability risks [3 min read] [Ben Carlson] Google Maps has 99% coverage of the world, 25 million updates daily,...
Asset allocation seems to be something which people can struggle with, and feel that ‘More is more’. Here at Bloomsbury, we like to keep things simple....
Diversification; luck; the similarities between investing & gardening; magical thinking; staying humble; what makes a great investor; gold or stocks; the importance of having an IPS; camera wielding pigeons. Things which caught my eye this week....
A reporter asked the legendary cellist Pablo Casals on his 95th birthday “Mr Casals, you’re 95 and the greatest cellist who ever lived. Why do you still practice six hours a day?” Casals answered, “Because I think I’m making progress.”...
There's no such thing as too big to be simple; asset allocation across different ages; the ugly side of social media; you can't measure what's going on in people's heads; our behavioural biases; selecting an active fund manager; reading; financial therapy & marathons fuelled by...