What I have been reading - 19th August 2019

Here are a few of the things that caught my attention last week.

The seduction of above-average: People still convince themselves that they can beat the market despite all the evidence to the contrary.

"Make it stop": A reminder that if you are a young investor you should welcome lower prices with open arms.

The danger of comparing yourself to others: I love this article from Farnam Street Blog. I am often asked by people "how do I compare to others financially?" This is a good reminder that it doesn't matter. "Are you better than you were when you woke up? If not, you've wasted a day. It's less about others and more about how you improve relative to who you were."

ETF Fear Mongering: There is a lot out there on the dangers of ETFs and almost all of it comes from active managers who are under pressure due to poor performance.

AND FINALLY:

We've reached peak wellness. Most of it is nonsense: Wellness is an important concept today but as this author says "we'd be much better off if we stopped obsessing over hacks and instead focused on evidence-based stuff that works." He compartmentalizes physical, emotional, social, cognitive, spiritual and environmental wellness and explains what actually works. I would add financial to the list!

ENJOY!

Georgie

georgie@libertywealth.ky