22 Jun The Weekend Starts Here...
“There are jerks, egomaniacs, and hucksters everywhere. Many of them are good at their craft. Plan accordingly.” When a psychologist who wrote the book on gullibility manages to be taken in by Bernie Madoff, we need to be careful out there. [4 min read] [Morgan Housel]
A fascinating video on the history of the Galton Board and normal distribution. [7:02 video] [Robin Powell]
Reason #249 why I don’t think robots will replace financial planners any time soon. [4 min read] [Adam Grossman]
If you’ve seen the film ‘Catch me if you can’ with Leonardo DiCaprio, then you’re familiar with the story of Frank Abagnale. He recently gave a talk at Google and although it clocks in at just over an hour, I’d highly recommend you watch it. It’s fascinating. [1.03:09 video]
The whole saga of the DoL fiduciary rule has caused some wry smiles on this side of the pond. But this says it all. You do something because it’s the RIGHT THING to do, not because someone’s making you do it. [1 min read] [Tony Isola]
Wealthy Vs Rich – these two kids crack me up. Cute baby is added bonus [5:09 video] [Justin Castelli]
This next post absolutely nails it and was my favourite read of the week. So much in this that I can relate to in how we’re running our business. One day all wealth management businesses will look like this. [4 min read] [Barry Ritholtz]
And finally. Perfect Magnets [0:12 GIF] [Science GIFs]
Whatever you’re up to this weekend I hope it’s a good one. By the time you read this, I will be here. I’ve been invited to join a panel session on the future of technology for financial planners on Monday 25th. Very excited to have been asked to take part.
There will be no TWSH next week, but I’ll let you know how it went in a couple of weeks.