Weekend reading

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…

Passive investing

  • Automatic investing with unreliable income – Oblivious Investor
  • More tracking does not help stock pickers beat the market – Rick Ferri

Active investing

Other articles

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

Passive investing

  • 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

Active investing

  • 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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  1. 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”.”

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