08 Feb The Weekend Starts Here...
The website Global Financial Data has managed to compile data on UK (and international) companies listed on the UK stockmarket dating back to 1692. As a result, they have created the UK-100 index which runs from that date to 1985. The index can be linked to the FTSE 100 and they claim their data provides “more stock market history than any other index on the planet”. I thought this piece was a fascinating history lesson in the context of UK market returns [9 min read]
“Few talented people get all their value from being great at one thing.” Agreed [Morgan Housel 4 min read]
Behavioural economist, and Nobel Prize winner, Daniel Kahneman, did a great interview about why we contradict ourselves [Barry Ritholtz Podcast 52:32]
“What’s the most important thing I can do today that would make tomorrow better?” I thought this was an interesting piece on effective time management (it took me a long time to learn the benefits of #3, but the payback is massive) [4 min read – there’s also an 18 min Tedx talk linked to in the article]
A diversified investment portfolio is far more than a matter of simply finding asset classes which are uncorrelated. It’s also about dispersion [Joachim Klement 4 min read]
“What’s fascinating about investor amnesia is that it not only causes long-term investors to forget their gains but that it also has them forget about the pain they endured to receive them.” [Douglas A. Boneparth 3 min read]
“Patience is the intelligent investor’s greatest strength.” Amen. [Cullen Roche 3 min read]
“For a quarter of a century, it was my job to provide daily financial market reports of one kind or another. Like all other daily financial markets reports, they were mostly rubbish.” Confessions of an Australian finance journalist [Robin Powell 4 min read]
“Option four: Do what no one has ever done before. Bring a dozen children and one adult, none of whom know how to dive or probably even swim, through a few kilometres of flooded cave in almost zero visibility and torrid currents.” A riveting account of the miraculous cave rescue of the Thai schoolboys [25 min read – an approximation. This is how long it took me; your mileage may vary]
Whatever you’re up to this weekend, I hope it’s a good one.