Good reads from around the Web.
I don’t have a fixed routine for the weekend, besides writing this post of course. But where possible I like to watch videos of Nobel prize winners musing about the markets.
And here’s – eventually, after adverts that sound like a parody – Yale economics professor Robert Shiller, interviewed by US broadcaster Consuelo Mack:
I wish Shiller was my grandfather and that I went to his house for dinner on Sundays. Somebody out there is one lucky grandson!
As for Consuelo Mack, she sounds like a character from Hunter S Thompson.
From the blogs
Making good use of the things that we find…
- Automatic investing with unreliable income – Oblivious Investor
- More tracking does not help stock pickers beat the market – Rick Ferri
- Humility and knowledge – Oddball Stocks
- Unwrapping and DIY-ing the Vanguard LifeStrategy fund – S.L.I.S.
- Buffett’s latest results and letter for 2013 – Berkshire Hathaway
- Valuing a defensive mega-deal – Musings on Markets
- Burberry is good quality, but too expensive – UK Value Investor
- Short-term sacrifices for long-term returns – The Value Perspective
- Uh-ho! Everything is awesome – The Reformed Broker
- How not to write about stock markets – Stumbling and Mumbling
- Can this reader move West and retire early? – Mr Money Mustache
- Seeking out a cheaper, greener, energy bill – The FireStarter
Product of the week: Some Fairtrade products – such as bananas – are much more expensive than others. The Guardian takes a look why.
Mainstream media money
Some links are Google search results – in PC/desktop view these enable you to click through to read the piece without being a paid subscriber of that site.1
- More proof that Mr Average is a terrible market timer – Morningstar
- Cheap tracker funds-of-funds [Citing Monevator! ] – ThisIsMoney
- Active funds are costlier than most think [Search result] – Economist
- Focus on your process, not your outcomes – Washington Post
- The risks of chasing go-go growth stocks [Search result] – FT
- Failure is the best way to learn as an investor – Motley Fool
- Beware of bogus charts from doomsters – City AM
- …though the US is probably overvalued [Search result] – Economist
Other stuff worth reading
- “One million house buyers have never seen a rate rise” – Telegraph
- Control over your time is the only worthwhile financial goal – Motley Fool
- Warren Buffett’s excellent letter, which I riffed off this week – Fortune
- 3% is the new 4% when it comes to the withdrawal rule – CNN
- Interview with Harry Markowitz [Mr Efficient Frontier] – FT
- A thoughtful obituary on Harold Ramis; about comedy – The New Yorker
Book of the week: With Liar’s Poker, Moneyball, and The Big Short, Michael Lewis has nabbed the seat marked “financial chronicler of our generation”. His next book – Flash Boys – is on pre-order for March. It will tell the tale of high-frequency traders, and I can’t wait.
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- Reader Ken notes that: “FT articles can only be accessed through the search results if you’re using PC/desktop view (from mobile/tablet view they bring up the firewall/subscription page). To circumvent, switch your mobile browser to use the desktop view. On Chrome for Android: press the menu button followed by “Request Desktop Site”.”