27 Apr The weekend starts here...
Do you find it easy to make decisions? It’s something we all have to do – a lot. Most decisions we make don’t have huge consequences if we get them wrong, whereas others most certainly do.
Jeff Bezos has a question he asks himself whenever he needs to make an important decision, is this a reversible or irreversible decision? This post from Farnam Street is an interesting look at that process, and the benefits of being able to make decisions quickly. [6 min read]
Often new clients come to us with shareholdings in companies – received as a result of share options, for example, and these holdings can represent a sizeable chunk of their net worth. This next post from Josh Brown looks at the good and bad of concentrated risk and something we wholeheartedly agree with here at Bloomsbury – regret minimisation. [4 min read]
FIRE (Financial Independence Retire Early) is now a huge THING, with dozens of blogs chronicling people’s journeys towards being able to ‘stick it to the man’ and give up paid work, together with many others by people who have achieved this stage in their lives. Here’s a slightly different take on what might happen when you reach the point where you’re living your dream. [4 min read]
Patience is likely to have a far greater impact on investment success than IQ, pedigree, or even strategy itself. Brendan Mullooly explains why this is [2 min read]
” We naturally focus on narratives. We put weight on a few pieces of unusual evidence, rather than include and weigh many different pieces.” Dan Egan considers The skill of managing luck [5 min read]
“The price of financial illiteracy is steep.” Dina Isola is trying to change things at grass roots level, but it’s an uphill struggle and more action is needed by those who can really make a difference. It’s the same in the UK. [3 min read]
“We are always trying to second guess the market, but the facts are clear—there are no market timers on the Forbes 500 list of the richest people, whereas there are many, many investors.” The importance of focussing on long term returns from Jim O’Shaugnessy [4 min read]
Here’s a fascinating animation from Our World in Data on global population density from 1950, projected out to 2100. [Animation]
And finally. It’s so easy to get caught up in all the negative stories we see in the media. We sometimes forget just how lucky we are to be living at this point in the 21st century. Ben Carlson gives us a timely reminder of all the things we have to be grateful for. [6 min read]
Whatever you’re up to this weekend, I hope it’s a good one.