What I have been reading - 23rd November 2020

Here are a few of the interesting pieces I came across over the past week or so:

Common probability errors to avoid: Brilliant article from FS Blog. "Gaining a better understanding of probability will give you a more accurate picture of the world and help you make better decisions. However, many people fall prey to the same handful of issues because aspects of probability go against what we think is intuitive."

Probability Comparisons: A fun follow-on from the first article.

Ladies, pay attention to your finances!: Just a little reminder to any ladies out there that need a reminder!

Advice for investing at all time highs: Investing when the market goes down, investing when the market is going up - it's all hard. Don't let anyone tell you it's easy. Here's a good piece on why you just need to get unstuck and get that idle cash into the market.

We have no idea what happens next: As always, Morgan Housel tells a great story to illustrate his point.

Time confetti and the broken promise of leisure: This article resonated with me. "The interruptions undermine the quality of those smaller, less predictable chunks of leisure time by reminding you of all the activities that you could or should be doing."

The half-way point: I am not sure whether this article is comforting or depressing.

FINALLY:
Overconfidence is contagious: Fascinating research on how overconfidence can spread through an organisation. "Overconfidence can transmit even when it pays to be accurate."

ENJOY!

Georgie

georgie@libertywealth.ky