05 Jun The Weekend Starts Here...
I think it’s fair to say it’s not been a good week, has it? We seem to be lurching from one catastrophe to another and nowhere has this been more evident than in the US. As yesterday’s Bloomberg Evening Briefing email put it, “In the three months since isolation measures were first imposed in a belated effort to slow the spread of Covid-19, the world’s largest economy has become a basket case.”
Things that have caught my eye this week…
Google has analysed human movement in the UK since the beginning of the pandemic. Hit the ‘Play’ button to see the changes materialise [Animation]
“Knowing the high odds of something happening loses its meaning when that thing happening hurts.” Why We’re Blind to Probability [Morgan Housel 4 min read]
“Many of our emotions, instincts, and ingrained behaviours have helped our species survive for tens of thousands of years. But they can also make our lives more difficult in the modern era where tiger attacks are not our most pressing danger.” Bad is always stronger than good [Ben Carlson 3 min read]
“We’ve been living through a real-life disaster movie.” 14 weeks and 12 numbers that have changed the investing history books forever [Monevator 4 min read]
There is no On/Off switch [Tom Mullooly 3 min read]
“We often face dilemmas between short-term material satisfaction and longer-term happiness, between a sacrifice here and greater reward there. What a financial planner provides is a sense of clarity around your goals.” The Life-Changing Benefits of Clarity [Robin Powell 3 min read]
“The Machine Stops is not simply prescient; it is a jaw-droppingly, gob-smackingly, breath-takingly accurate literary description of lockdown life in 2020.” Review and link to download a free copy [3 min read]
Are you a procrastinator or a precrastinator? The pleasures and perils of precrastination [3 min read]
It’s hard to believe, but on the 3rd June the S&P 500 it’s best 50-day period EVER. Who would have guessed that would be the case 50 days ago? We are always either over- or under-reacting to new situations and events during the course of our lifetimes. [Josh Brown 2 min read]
And finally. Always Stand on the Side of the Egg [2 min read]
Whatever you’re up to this weekend, I hope it’s a good one.