Weekend Reading – Vanguard: The Making Of An $8 Trillion Empire

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. 

TYPE OF CONTENT

In investing, you get what you don't pay for.

INVEST WISELY

This section is dedicated to research on how to invest for the Long Run using Passive Investment Strategies. Read Topics related to (i) Portfolio Construction and Asset Allocation (ii) Acting wisely by avoiding behavioural traps and also (iii) publications that help understand how financial markets work.

CONSTRUCT YOUR PORTFOLIO

How to invest in European, Japanese & Australian Markets

Some of our readers like to implement tilts towards markets that are exposed to cheaper Value Sectors in Europe and Asia.

We believe in diversified investing. But if implementing a tilt can make overall valuations more bearable for some investors so that they can stick to their strategy in the long run, it is a sin worth pursuing.

Today, we have another look at ETFs with exposure to Developed Europe and Asia. We exclude U.S. and Canadian Markets.

[Read our analysis]

The math of financial planning (Rational Reminder - 1 hr 2 min)

Also available on your favorite on your podcast platform

The concept of financial math is another foundational element of investing and good economic decision-making. First, we have a look at the central idea of the time value of money, and how this plays into many areas of our finances, such as retirement planning, spending, investing, and so on. From there, the conversation goes on to cover exponential functions, the tradeoffs between saving and spending, and regrets. 

HOW TO INVEST

In conversation with Myron Scholes on How To Invest Your Money (What Happens Next? - 44 min)

Also available on your favorite on your podcast platform
Nobel Prize winner Myron Scholes and Elm Wealth’s Victor Haghani discuss the Golden Rules of Investing. Victor Haghani is one of the founders of Long-Term Capital Management. Myron Scholes won the Nobel Prize for his contributions to options theory. Myron will speak about the importance of diversification both across assets and time. 

UNDERSTAND FINANCIAL MARKETS

In conversation with Carl Kawaja on the dynamism of financial markets (Invest like the best - 1 hr 12 min)

Also available on your favorite on your podcast platform

Carl is a portfolio manager at Capital Group, where he’s quietly overseen a huge portfolio for decades.  In true Kawaja fashion, the podcasts goes all over the map and discuss Apple, the Amazonian rainforest, baseball, the oil & gas industry, Muhammad Ali, and more. 

ACTIVE INVESTING

This section relates to improving your knowledge about active investing.  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. 

FACTOR & Thematic investing

Investing on relative sentiment (Excess Returns - 47 Min )

Also available on your favorite on your podcast platform

We all often hear about the importance of sentiment in investing. But how to use it can be elusive. Ray has done extensive research on the use of relative sentiment in investment strategies and has published several research papers on the topic, including “Want Smart Beta? Follow the Smart Money: Market and Factor Timing Using Relative Sentiment”. 

STOCKS

A data-driven approach to picking growth stocks and thematic baskets (Flirting With Models - 14 Min )

Also available on your favorite on your podcast platform

It’s no secret that high flying growth stocks were hammered in 2022, so here is a revisit of a conversation with Jason Thomson.

Jason is a portfolio manager at O’Neil Global Advisors, where he manages highly concentrated portfolios of growth stocks.

SUSTAINABLE investing

This section is about Sustainable Investing. You can invest in a Socially Responsible way but there are many ESG traps. Learn how to invest sustainably, and what it means for expected returns, with the our definitve guide to sustainable investing

3 Sustainable Investing Strategies That Actually Work

There are at least three proven sustainable investing strategies. 

To keep it simple, you may hold a non-screened portfolio and, use the incremental profits for philanthropy. 

If you want to avoid investing in certain types of industries, e.g. Tobacco companies, you may select cost-efficient and well-diversified SRI Funds. The most active sustainable strategy is Impact Investing. 

 [Read our analysis]

ALTERNATIVE ASSET CLASSES

FROM WALL STREET

Vanguard - The Making of an $8 Trillion Empire (FINAiUS - 37 Min)

crypto & blockchain

REMINDERS TO PUNT RESPONSIBLY

When you play with fire, you can get burned. This section is a stark reminder of what can happen when engaging in active investing, even as a professional.

In conversation with Madoff Trader & Investor Andrew Cohen (Excess Returns - 51 min )

Also available on your favorite on your podcast platform

With the recent release of the Netflix documentary “Madoff: The Monster of Wall Street,” many of us have been learning more of the details behind the scandal. Andrew Cohen, participated in the documentary and was both a trader on the legitimate side of Madoff’s business and a victim of the Ponzi scheme. Andrew gives us an inside look at what it was like to work in the Madoff organization and takes us through the timeline of events from when he started there to when the Ponzi scheme was uncovered.

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DIVE DEEPER - BOOKS & MOVIES

In the Book review section we rate some of the most relevant resources related to Financial Independence, Personal Finance and Investing. Browse All Book and Video Reviews.

15 Years On, We Fall For The Same Tricks – Madoff: The Monster of Wall Street On Netflix (Review)

OUR RATING
3.8/5

The 2023 Netflix docuseries Madoff: The Monster of Wall Street dives into the largest Ponzi scheme in history, worth $64.8 billion.

Although the Madoff madness stopped in late 2008, today’s investors still fall for the very same tricks.

What exactly can we learn from this series?

Let’s have a closer look. 

 [Read the review]

A Bankeronwheels.com Service
Take Control of Your Financial Future: Custom Coaching for Cost-Savvy Investing

Confused about asset allocation? Rethinking your portfolio strategy? Wondering how much you can safely withdraw for a seamless transition to part-time work or retirement?

Personalised guidance can often be the key to overcoming your investment dilemmas. At the request of our readers, we’ve launched a tailored coaching service designed to address your unique financial needs. Our readers have found such profound value in our sessions that they’ve confidently moved on from their traditional – and often very expensive – Financial Advisors.

A Bankeronwheels.com SERVICE

Take Control of Your Financial Future: Custom Coaching for Cost-Savvy Investing

Confused about asset allocation? Rethinking your portfolio strategy? Wondering how much you can safely withdraw for a seamless transition to part-time work or retirement?

Personalised guidance can often be the key to overcoming your investment dilemmas. At the request of our readers, we’ve launched a tailored coaching service designed to address your unique financial needs. Our readers have found such profound value in our sessions that they’ve confidently moved on from their traditional – often very expensive – Financial Advisors. 

PERSONAL FINANCE

This section is dedicated to UK and European Products. It can also touch on other European jurisdictions outside the Euro-zone.

Live, Love, Later - The Ultimate Early Retirement Checklists

  • The first ‘L’ is Living Life. How do you plan around life essentials while reducing unnecessary costs?
  • The second ‘L’ is Loving Life. It’s usually the mismanaged L. It’s not only about the destination but also the journey and values that define you today.
  • The third ‘L’ is Later Life. How to invest wisely for Early Retirement.

 [Read the review]

FINANCIAL PRODUCTS

COST OF LIVING

DESIGN YOUR LIFESTYLE

This section is dedicated to the ‘Why’ of Investing, trends or career choices. 

LIFESTYLE

What are you optimising for? (ChooseFi - 1 hr 17 min)

Also available on your favorite on your podcast platform

Chris Hutchins talks about the hacks for optimizing your life, the differences between cheapness and frugality, and the importance of valuing your time and what it can lead to. Saving money is an important part of achieving FI, but you should never feel so restricted that you miss out on investing your time and money in things that bring joy and value into your life.

EARLY RETIREMENT

CAREERS

TECH & ECONOMY

James Clear, Atomic Habits — Mastering Habits, Growing an Email List to 2M+ People (2hrs)

Also available on your favorite on your podcast platform

James Clear (@JamesClear) is a writer and speaker focused on habits and continuous improvement. He is the author of the #1 New York Times bestseller Atomic Habits, which covers easy and proven ways to build good habits and break bad ones.

Travel

miscellaneous

On relationships, dating & money (Ramit Sethi - )

Also available on your favorite on your podcast platform

Christine Benz answers the question, “how much can I spend in retirement?”

From Bankeronwheels.com
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Community

Last Week We asked you

What Lifestyle choice are you currently pursuing? (Multiple Choice Were Possible but most only selected one)

Question of the week

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