Weekend Reading Roundup

Weekend Reading Roundup

Here are the links to the best articles I came across this week.  Enjoy!

Make Your Point and Get Out of the Way (collaborativefund.com) – This is a great article about writing, but also about conversation.

The Lie of Averages (blog.thinknewfound.com) – “We think it is worth pointing out that with these outlooks, expected is just another way of saying average.”  

Are Markets Efficient?  (chicagobooth.edu) – Eugene Fama referencing the Efficient Market Hypothesis:  “It’s a model, so it’s not completely true. No models are completely true. They are approximations to the world.”

New Highs Should Be Bought, Not Sold (theirrelevantinvestor.com) – “He launched his hedge fund in 1980, and since then, the S&P 500 has experienced 737 new highs (171 in the recent bull market that started in 2013). Of those 737 new highs, only three of them were major tops. So the data emphatically suggests that new highs are often the best time to buy, not to sell.”

Bitcoin Has Become About the Payday, Not Its Potential (medium.com) – “Instead of the future with digital currencies and the breakthrough of the Blockchain technology we were promised, we’ve just been stuck with a huge bubble and growing complications. Investor craziness.”

Constructive Dissatisfaction (sethgodin.typepad.com) – “The exception is the dissatisfaction that is based on a legitimate comparison, one that gives you insight on how to improve and motivates you to get better.”

A Half Dozen Lessons About Writing and Getting a Book Published (25iq.com) – “4. Be emotionally ready to be attacked for your efforts.”

Ben Graham on Passive Investing (alphaarchitect.com) – “So it appears that the cat is out of the bag, and investors are finally wising up to the fact that active management is a fool’s game. After years of being hoodwinked by Wall Street, investors have finally seen the light.”

Can You Do 1% Better? (apathyends.com) – As you can imagine, this article is right in-line with how we view making financial improvements.

And from One Percent Decisions:

Why You Should Stop Worrying About the Markets

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