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