01 Nov The Weekend Starts Here...
“We’ve been here before, and the story ended with the US administration renting vast underground caves and filling them with government cheese. A simple idea turns into a serious headache.” Governments should be wary of ‘interfering’ (sadly, they’re not 😖) [Tim Harford 3 min read]
“It is not unusual for founders of billion-dollar enterprises to get rich. What’s deeply unusual, however, is the way Neumann wrapped himself around WeWork’s business to squeeze profit from its every pore, even as he proclaimed his firm’s spirit of generosity.” The ousting of WeWork’s CEO finally draws a line under his penchant for treating the company as his personal ATM. [Derek Thompson 5 min read]
The Spectrum of Wealth. I’m glad to report our clients all fit into items 12-18 on the spectrum 😊 [Morgan Housel 4 min read]
“Ideas, bread and books are all the same–they’re better when they’re shared.” A lovely story [Seth Godin 2 min read]
“Nobody has shown a consistent or repeatable ability to predict market downturns, but we just can’t quit. The allure of being right when everybody else is wrong may be one of the strongest forces in the world.” There Are No Bear Market Vaccines [Brendan Mullooly 3 min read]
“Everything worth doing has a hard part.” Speak to any member of our team, they’ll all say how much I bang on about this 😉 [Seth Godin 1 min read]
“The narrative supporting alternative assets is often built around the impact that their addition can have on a traditional portfolio (such as a 60/40); whilst there may be merit to this viewpoint, the primary evidence given is often fatuous.” Stale Pricing Does Not Equal Low Risk or Low Correlation [Joe Wiggins 3 min read]
Planning a weekend city break? This might help – World Cities Ranked by Average Annual Sunshine Hours [Visual Capitalist Infographic]
When it comes to economic (and market) forecasting, I’m 100% with Barry on this next one. Nobody Knows Anything [Barry Ritholtz 3 min read]
And finally. If you are a huge fan of this painting, I’d suggest not clicking on this link, you’ll never look at it in the same way again😄. Is Munch’s The Scream Actually a Painting of a Dog? [Image]
I’ll be spending this weekend for an event next week which is absolutely at the top of my bucket list. I am beyond excited. The trip will be a real skip down memory lane as I’m also going back to see the house I was born in, which I haven’t seen in over 50 years. Following that, Robert and I are heading off to Florida at the end of the week as guests of Raymond James for the weekend, visiting their headquarters in St Petersburg. There will, therefore, be no TWSH next Friday, but I’ll be back in a fortnight.