SEQUENCE RISK AND TREND-FOLLOWING (TOP LINKS #18)
TOP LINKS is a periodic 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.
Quote of the week
This section is dedicated to research on how to invest for the Long Run (or the 90% of your Portfolio). Read Topics related to Investor Behaviour, Asset Allocation and Macro that can affect your portfolio in the long run.
Buying The S&P 500 Today? Wait. These 8 Charts Show What You May Miss
Over the past 50 years, the U.S. Market has outperformed the rest of the world by a whooping margin of 1% per year. Guess, how much of the 50-year outperformance came in the last 8 years? All of it. [Read the article]
- Investing for Retirement – Understanding and Dealing with Sequence Risk – GMO
- Sequence Risk During Retirement – Morningstar
- Retirees Aren’t the Only Ones Who Face Sequence Risk – Morningstar
- Four things poker taught me about investing – CityWireUSA
- Why people who get out of the market have a hard time getting back – Evidence Investor
- How passive are markets, actually? [First Link] – FT
- Alternative Thinking – New Rules of Diversification – AQR
- Europe’s Stagflation is Different in Kind and Much Harder to Remedy – Bridgewater
- The War Economy: Is America falling behind China in science? – Noahpinion
- War and Industrial Policy – Zoltan Pozsar, Credit Suisse
This section relates to improving your knowledge about financial markets. If you decide to sin, then sin only a little. Given ample evidence, combined active bets should be ideally a relatively small fraction of your portfolio.
ALTERNATIVE ASSET CLASSES
[PODCAST] Antti Ilmanen - Unexpected Returns
[PODCAST] Bassman Has a Strong Message for Young Traders
Harley Bassman has worked in finance for more than 40 years. Before becoming a managing partner at Simplify, Bassman traded at Credit Suisse, Merril Lynch, and PIMCO. He joins Maggie Lake to talk about why using simple common sense led to his early success and how he got burned during the Global Financial Crisis by not listening to Steve Eisman, the portfolio manager portrayed by Steve Carrell in the hit movie “The Big Short.”
CRYPTO & BLOCKCHAIN
It’s not unreasonable to have skin in the game in a multi Trillion market. With one caveat. Be ready to lose it all. Remember that most crypto assets do not generate yield. If some do, there are hidden risks involved.
- This week’s Ethereum Merge could be the most significant shift in crypto’s history – Coin Telegraph
- The Crypto Geniuses Who Vaporized a Trillion Dollars – Everyone trusted the two guys at Three Arrows Capital. They knew what they were doing — right? – Intelligencer
- More Than Half Of All Bitcoin Trades Are Fake – Forbes
BOOKS & MOVIEs
Movies and Books we reviewed this month:
Trillions, how a band of Wall Street Renegates Invented the Index Fund And Changed Finance Forever, by Robin Wigglesworth is a fascinating insight into the people who made the Index Fund revolution happen.
The stories about the people often start with some of their biggest failures. But beyond the stories, Robin also argues that every revolution brings its fair share of non-issues and sometimes real issues, such as concentration of power.
This section is dedicated to UK and European Investing and Personal Finance. It can also touch on other European jurisdictions outside the Euro-zone.
COST OF LIVING
DESIGN YOUR LIFESTYLE
This section is dedicated to the ‘Why’ of Investing and career choices.
- Is It Possible To Suffer From Anxiety If You Do These Things? – The Escape Artist
- Quiet quitting: The workplace trend taking over TikTok – BBC
- Pros and cons of being wealthy – Monevator
- How to Embrace Doing Nothing – The Atlantic
- Why Don’t Millennials Have Hobbies? – The Walrus
- Choosing Happiness – Humble Dollar
HOW OTHERS MAKE MONEY
[PODCAST] David Senra - Passion & Pain
David Senra is the creator of the Founders podcast. The podcast covers what made him obsessive about studying history’s greatest entrepreneurs, the most common themes he’s discovered in his studies, and the role obsession plays.
Good Luck & keep’em* rolling!
(* Wheels & Dividends)
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