23 Aug The Weekend Starts Here...
The big question is, what effect will this have on future global economic growth? [Tadas Viskanta 3 min read]
Chill. [1 min read]
“When we talk about investment time horizons we often focus on only two discrete points – when we invest and when we plan to disinvest. If I make an investment in my pension today, which I hope to draw upon in 30 years’ time; my time horizon is clear**. Whilst this is an incredibly important element of any investment decision, our tendency is to focus on the start and the end, and neglect what we might do in the intervening period.” Your Investment Time Horizon Might Be Shorter Than You Think [Joe Wiggins 3 min read]
I wish it weren’t the case, but every time I read a piece like this one from Tony Isola I find it hard to imagine the US will ever legislate to adopt the fee-only model [4 min read]
“Once an investor finds an edge, it is only a matter of time until others figure out that edge and start copying it.” Evolution isn’t just about adapting to our environment. [Nick Maggiulli 4 min read]
“Evolution figured outs its version of simplification. It (if you can imagine it talking) says, “Get all that useless crap out of the way. Just give me the few things I need and make them really effective.” So why do we love complexity so much? [Morgan Housel 4 min read]
I lost my dad in March. He lived to the ripe old age of 83. I can’t begin to imagine what it would have been like to lose him at a young age. This next piece by Michael Batnick hit me hard. Grief and Loss [2 min read – although the interview linked to is also worth watching]
“Your mind is a categorization machine, busy all the time taking in voluminous amounts of messy data and then simplifying and structuring it so that you can make sense of the world. This is one of the mind’s most important capabilities; it’s incredibly valuable to be able to tell at a glance whether something is a snake or a stick.” But this isn’t always a benefit. The Dangers of Categorical Thinking [6 min read]
And finally. In this video clip, a Japanese high school baseball batter is hit by a pitch. But rather than be awarded first base, he enforces the rule on himself that a batter must not intentionally allow himself to be hit (he must avoid the ball as best he can). What happens next is a great example of karma [1:29 video]
Whatever you’re up to this weekend, I hope it’s a good one.