26 Jan The weekend starts here.....
Photo by Joanna Kosinska on Unsplash
Many of you will know that Morgan Housel is one of my favourite writers in the financial blogosphere. Turns out, not only is he a great writer, he also delivers a mean presentation. This is a talk he gave to the Micro-Cap Club recently.
It’s not only highly informative, it’s engaging and thought provoking. Anyone just starting out in investing could do a lot worse than use this as an ‘Investing 101’ primer, but because of the fascinating way he relates other industries to investing, anyone could learn from it. [49:30 video – yes, nearly an hour, but worth it. Watch it on your commute, or listen to it on your run, or while you’re doing the ironing!]
This is an interesting infographic looking at how asset distribution differs depending on your total net worth [3 min read]
“We ‘properly’ don’t consider ‘performance-based compensation’ to be a ‘cost of [investment] management’ and ‘incentive payments are not included . . . [as] an expense.’” So say US endowments [4 min read]
Meanwhile, across the pond [3 min read]
Prof Scott Galloway at NYU Stern Business School believes ‘The Big Four’ should be broken up. [3:45 video – warning: some strong language]
I doubt there is anyone reading this who has never made a financial mistake. I made loads over the years before I gained the life experience I needed to stop doing so. The important thing is to own the mistake, stop beating yourself up about it, draw a line under it and move on, as Justin Castelli explains in this great post [4 min read]
If we can’t be honest with ourselves, who can we be honest with? Another young US planner nails it with this post [3 min read]
Inside Warren Buffett’s brain – an infographic on his investment process (please bear in mind you and I are NOT Warren Buffett) [5 min read]
And finally. Harry Smith is a wonderful, feisty old man I first came across on Twitter. He recently wrote this thought provoking piece for The Guardian [4 min read].
Whatever you’re up to this weekend, I hope it’s a good one.