What I have been reading - 20th January 2020
Here’s what caught my eye over the past week:
Risk is what you don't see: Morgan Housel explains risk beautifully with the story of Harry Houdini.
There is a 50% chance that something bad will happen to the stock market soon: top strategist: This might be the most useless headline I have ever seen. Read on - "top strategist" says there is a 50% chance the stock market will correct this year. So toss a coin. It might, it might not. And these guys are paid the big bucks.
Nobody makes money like Apollo's ruthless founder Leon Black: "The private equity CEO with a fearsome reputation skates on the edges of other people's catastrophes and manages to walk away richer." This is not a flattering profile of one of the world's richest men.
The Investor's Fallacy: "But Georgie, aren't the market due for a crash?" I get asked that A LOT. Here is a data-driven argument as to why markets are never "due" for anything.
31 simple daily habits that separate high achievers from everyone else: Exercise and sleep are my take-aways from this article. I could do better in both of those areas.
When a promotion leads to divorce: Several new studies show that teenagers and young couples still cling to the traditional notion that career success is a male drama in which women must do their best in a supporting role. "The modern world still isn't ready for successful women." Crikey, if not in 2020, when?
FINALLY:
Do you really 'see' your child?: Helicopter parenting is everywhere today. Here's a NY Times article that addresses why it's dangerous.
ENJOY!
Georgie
georgie@libertywealth.ky