14 Aug The Weekend Starts Here....
Let’s kick off with a good news story. “I’ve finally realised my dream.” Italy’s oldest graduate [The Guardian 2 min read]
“Covid-19 has forced everyone to think about death, but for the over-seventies that thought is not novel.” Young pessimists, old optimists, and the strange ways we think about risk [ Tim Harford 3 min read]
“Usually, discovering your true risk tolerance during a bear market is expensive tuition, but the 2020 edition is closer to the cost of community college.” A Newfound Appreciation For Risk [ Brendan Mullooly 2 min read]
How the S&P 500 Performed During Major Market Crashes [Visual Capitalist Infographic]
I have never been to New York (ironically, I should have been there in June). This piece made me sad, wondering if I do make it over there whether it might be missing something. Bye Bye, New York [ Michael Batnick 2 min read]
“Not just in finance but in life as well, one of the most important parts of being an adult is taking responsibility.” Don’t Play the Victim [Tim Mullooly 3 min read]
Expiring vs. Permanent Skills [Morgan Housel 4 min read]
If you don’t already have an Investment Policy Statement in place, a very kind gentleman has written one for you [Jim O’Shaugnessy 3 min read]
This next piece looks at how, counterintuitively perhaps, Americans have been paying down debt and increasing their savings during the pandemic, the stock market is at an all-time high and the property market is booming. I wondered whether the situation was the same in the UK, and indeed – so far – savings rates are up and non-mortgage debt is down, although our stock and housing markets aren’t doing quite as well as in the US. However, there’s a long way to go until we’re through this and I can’t help feeling these savings and debt repayment trends will start to reverse once furlough ends. [Ben Carlson 3 min read]
Maybe Mr. Market Is Rational After All… [Barry Ritholtz 4 min read]
And finally. The do-it-yourself at-home surgery kit [Seth Godin 0:30 read]
Whatever you’re up to this weekend, I hope it’s a good one.