Weekend Reading – 15 Investment Books Wall Street Doesn’t Want You to Read This Christmas
Weekend Reading is a collection of Investment Research and Lifestyle topics from all corners of the Web. We source the highest quality insights from Wall Street and Main Street that you may apply to your investment process. Unlike the rest of Bankeronwheels.com, this series is provided without additional guidance. As usual, everything is to be used at your own risk. Below is the type of content we shortlist:
A lot of people think that if they have a hundred stocks they’re investing more professionally than they are if they have four or five. I regard this as insanity.
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15 best investing book gifts to choose from this Christmas that Wall Street doesn't want you to read (Bankeronwheels.com)
The holiday season is just around the corner, and with it comes the challenge of finding a great gift for your loved ones. Why not opt for a personal finance book this year?
Given that most of them teach you how to achieve high returns without trading, we know some that won’t be happy with your gifts – Wall Street & Financial Media.
Let’s dive into 15 book gift ideas!
Flipping the script on how we talk about investing success (Vanguard)
In the end, any investment outcome comes from two sources: (1) savings, or the amount contributed toward a goal over time and (2) investment returns, which affect the growth (or the decline) of invested savings. Asset managers focus heavily on the latter. The navigation of market swings, along with asset allocation recommendations, are the bread and butter of the industry. But that’s not the most meaningful part of the story.
Read more on Vanguard
UNDERSTAND FINANCIAL MARKETS
- What’s Really Driving Inflation and Bond Yields? (Morningstar)
- Visualizing $97 Trillion of Global Debt in 2023 (Visual Capitalist)
- Long Periods of Boredom (Research Affiliates)
- The forces shaping the real estate industry (Goldman Sachs - 52 min)
- Why Argentina's problems persist & what options it has going forward (Bloomberg - 32 min)
- How Target-Date Funds Stabilize Markets (Morningstar)
HOW TO INVEST
Active Investing
FACTOR investing
Andrew Beer is a managing member at DBi, which manages ETFs and mutual funds that seek to outperform hedge funds with low fees.
Their two ETF’s – DBMF & DBEH bring alternative strategies to public, liquid markets in ETF format with comparatively low fees.
But the most interesting part of the podcast are the first 30 minutes about Value Investing Back in the days vs. Today.
discretionary investing
Perspective on past Magnificent 7 Outperformances (Dimensional Funds)
The Magnificent 7 stocks1 continue to capture the focus of investors as these large growth names have outpaced the bulk of global equities. Their outperformance is notable because eye-popping returns for top stocks tend to occur before they reach the top of the market. Once there, subsequent returns tend to lag the market. This is a cautionary tale for investors expecting continued outperformance from the Magnificent 7.
Read more on Dimensional Funds
We Found 30 Timing Strategies that “Worked”—and 690 that Didn’t (Dimensional Funds)
If you ask a large enough number of people to repeatedly flip a coin, someone will flip 10 heads in a row. Similarly, we should expect some strategies to generate outstanding results just by chance if we try enough parameter combinations. Indeed, the best-performing strategy is only one out of 720 strategies we simulated. As shown, the vast majority of these timing strategies underperformed. And this is before considering any trading and tax costs.
Read more on Dimensional Funds
ALTERNATIVE ASSET CLASSES
WALL STREET
Updated Poor Charlie's Almanack (Berkshire Hathaway)
Read the Almanack in an interactive format.
Poor Charlie’s Almanack – The Essential Wit and Wisdom
of Charles T. Munger
Read more on Stripe Press
Video About Charlie Munger - The man who built Berkshire Hathaway (FinAIus - 22 min)
Charlie Munger perhaps is the man most instrumental to Berkshire Hathaway’s success. This mini-documentary tells the story of life and how he went through the great depression, made millions in real estate, and helped Warren Buffett build Berkshire Hathaway.
SUSTAINABLE investing
crypto
BAD BETS
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ETFs
UCITS ETFs
NTSX in Europe - A deep dive (Italian Leather Sofa)
Return Stacked ETFs, are innovative financial products that have recently become available in Europe. These ETFs operate on the principle of “Return Stacking,” which involves layering one investment return on top of another to achieve more than $1.00 of exposure for each $1.00 invested. While you may find the concept intriguing and potentially more capital efficient, it’s crucial to understand that these are complex, leveraged products not suitable for the majority of investors.
Read more on Italian Leather Sofa
Robeco is stepping into the European ETF market with a focus on active funds. The Dutch asset manager, which has €181bn assets under management, is planning to launch its first UCITS ETFs in Q2 2024. [FT.com]
Xetra has seen the launch of 3 new fixed income ETFs by the German asset management group DWS. The ETFs provide ultra-short-duration exposure to bonds from issuers of Eurozone sovereigns. All the ETFs have a 0.07% fee. [ETFStrategy.com]
US ETFs
BlackRock is set to launch ten ETFs focused on Treasury inflation-protected securities (TIPS). Ranging in maturity from 2024 to 2033, these ETFs will seek to provide inflation protection to investors concerned with erosion of purchasing power. The new TIPS-defined maturity bond ETFs will carry an expense ratio of 0.1%. [ETF.com]
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Wealth Management
Personal Finance
Early Retirement
FINANCIAL PRODUCTS
COST OF LIVING
OUR Community
Question of the week
DESIGN YOUR LIFESTYLE
Personal Development
- Unpacking the emotion no one wants to talk about (Art of Manliness - 1 Hr 1 Min)
- Be Stingy With Time (The daily stoic - 11 Min)
- The what I don't want list (Mr. Stingy)
- Solving the Wrong Problem (Of Dollars and Data)
- Marshmallow Mind tricks us into believing that the rewards for delayed gratification compound forever. (The alchemy of money)
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As of 29/03/2024, Interactive Brokers offers rates up to 4.738% (GBP), 3.445% (EUR) and 4.83% (USD) on cash.
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As of 29/03/2024, Interactive Brokers offers rates up to 4.738% (GBP), 3.445% (EUR) and 4.83% (USD) on cash.
Health & Wellness
Andrew Huberman, is a neuroscientist and professor in the Department of Neurobiology at Stanford University’s School of Medicine. He has made numerous important contributions to the fields of brain development, brain function, and neural plasticity.
Andrew is the host of the podcast Huberman Lab, which is often ranked as one of the top five podcasts in the world/
CAREERS
TECH AND SCIENCE
An Introduction to AI for everyone (Andrej Karpathy - 1 hr)
This is a 1 hour general-audience introduction to Large Language Models: the core technical component behind systems like ChatGPT, Claude, and Bard. What they are, where they are headed, comparisons and analogies to present-day operating systems, and some of the security-related challenges of this new computing paradigm.
Travel
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miscellaneous
- Visualizing the Rise of the U.S. Dollar Since the 19th Century (Visual Capitalist)
- Germans don’t care that much about beauty; Italians, meanwhile… (Joachim Klement)
- Wall Street banker pays $2 million sight unseen for coal mine then discovers it's filled with $37 billion worth of rare Earth elements (Yahoo Finance)
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Thank you for reading.
Good Luck & keep’em* rolling!
(* Wheels & Dividends)
Good Luck and Keep’em* Rolling!
(* Wheels & Dividends)
Weekend Reading – Global Shocks: How Do Stocks Perform?
Trading 212 Review: Pros & Cons
Cash Is Not Enough: Why Hold Bond ETFs Despite Price Rollercoasters.
The Truth About €1 Million Broker Guarantees (Updated With Trading 212 Cap)
Halifax Share Dealing Review – Similar To Lloyds With SIPP On Top
Lloyds Share Dealing Review – Old School But Ticks The Boxes For Golden Retrievers
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