2 min
Don’t bother looking, it will find you.
Don’t bother looking, It will find you. People who sell it will find you. That’s their job. I know these people. They know exactly what they’re doing. And once they’ve identified you they will prey upon your every weakness.
Not only will they convince you that this is how the “real” wealthy people invest, they will set an artificial deadline for you to get the money in to them.
(6min _ TheReformedBroker)
Low Expectations
It “made me quite sad,” Musk tweeted last week. “But I told him I agreed with all those reasons & that we would probably die, but it was worth trying anyway.”
It’s both sad and inspiring.
(4min _ MorganHousel)
Moral Hazard, Power & The London Metal Exchange
LME officials convened an emergency meeting & made a decision that averted immediate crisis, but shook the foundation of its 200 year old market in the process.
(11min _ frontmonth)
How Putin’s Oligarchs Bought London
From banking to boarding schools, the British establishment has long been at their service, discretion guaranteed.
A Russian magnate told Catherine Belton, “In London, money rules everyone. Anyone and anything can be bought.” The Russians came to London, the source said, “to corrupt the U.K. political elite.”
(11min _ TheNewYorker)
12 acquisitions that pushed direct indexing into the mainstream
After decades of only being available to ultrahigh net worth investors via boutique asset management firms, direct indexing has exploded among large wealth management firms since 2020.
(7min _ FinancialPlanning)
This equation is often described as the most beautiful in all of mathematics. Each of its numbers, 0, 1, π, 𝑖 and 𝑒 symbolize an entire branch of math, and in that way the equation can be seen as a glorious confluence, a testament to the unity of math. https://t.co/iYbfRKRSvc pic.twitter.com/xrZhus6reW
— Quanta Magazine (@QuantaMagazine) March 15, 2022
Investing Wisely in an Uncerain World w/ Howard Marks
In today’s episode, William Green speaks with Howard Marks, an investing legend and multi-billionaire.
His client memos have earned him renown as one of the world’s most insightful thinkers on financial markets and the art of investing.
Warren Buffett has said, “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.”
“Comforts, once gained, become necessities. And if enough of those comforts become necessities, you eventually peel yourself away from any kind of common feeling with the rest of humanity.” _Sebastian Junger