What I have been reading - 24th February 2020

I didn't get an email out last week or the week before (conferences, family visiting, a few days away) so there are a few extra links this week.  

Tuning out the noise:  One of the key benefits of a real financial advisor is to help you tune out all the noise and focus on what matters, and what you can control.  Here is a really excellent two minute video from a large fund house that every one of my clients needs to watch.
 

The Getting Rich Quadrant:  This is a fantastic article from a blogger I haven't come across before.  If you do nothing else today scroll down to the 'Getting Rich Quadrant' illustration and put yourself in a box.

Nobody Told Me:  Jonathan Clements has 'devoted his entire adult life to learning about money.'  Here is what he wishes he had been told in his 20s.  A great read for anyone, whatever decade you are in.  
 

The Surprising Science Behind Friendship:  Here the WSJ interviews Lydia Denworth, a science journalist and author of the new book "Friendship".   Science has started to uncover just how important friends are for us, not just for happiness, but for survival.  

Some lessons from 92 years of market return data:  What does it take to be a good investor?  Faith, Patience and Discipline.  AND, a really good knowledge of market history.  Since we can have no idea what is going to happen in the future we need to understand how asset classes have moved in the past.  We need to act rationally based on the assumption that the historical relationship between asset classes will continue.  Here is an excellent piece from Ben Carlson that probably tells you just about everything you need to know.

Avoid the Zeros:  Getting ahead in life and money is often not about making great decisions, but more about avoiding the bad ones.  Warren Buffett once said, "Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero."  One of my favourite bloggers, Nick Maggiulli explains how to avoid the zeros.

Three Things I Think I Think - Bubbles, Bernie and the Recliners:  Cullen Roche looks at whether the stock market is in a bubble (no), whether Bernie would be good for the stock market (who knows - remember what everyone said about Trump?)  and the battle of the seat recliners (do you recline or not recline?).  A good short piece.

FINALLY:
Borrowed Time:  Two sentences from Seth Godin reminding us what matters.

ENJOY!

Georgie

georgie@libertywealth.ky