The Dow Hits a Record High With Household Income at a Decade Low at The Atlantic.
S&P 500 Revenues at Dr. Ed.
Why Are Most People Terrible Investors? (Phil Pearlman). “It’s supposed to be hard.” (Ziad Masri). Most investor’s should index (Abnormal Returns).
What Do Investors Lie To Themselves About? (Ritholz). Your Brain Is Hooked on Being Right (Harvard Business Review).
What Is the Difference between Investing and Speculation? (CFA Institute) Are You an Investor or a Speculator? Part one and part two.
The Surprisingly Relaxed Lives of Elite Achievers at Study Hacks.
“Back in my teaching days, many years ago, one of the things I liked to ask the class to consider was this: Imagine a government agency with only two tasks: (1) building statues of Benedict Arnold and (2) providing life-saving medications to children. If this agency’s budget were cut, what would it do?
The answer, of course, is that it would cut back on the medications for children. Why? Because that would be what was most likely to get the budget cuts restored. If they cut back on building statues of Benedict Arnold, people might ask why they were building statues of Benedict Arnold in the first place.”
