26 Jan The weekend starts here.....
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.