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This Week’s Best Investing Reads 05/25/2018

Thursday, May 24, 2018 · Johnny Hopkins

Here is a list of this week’s best investing reads:

The Pygmalion Effect: Proving Them Right (Farnam Street)

Stocks prices are a proxy for our beliefs about the future (The Reformed Broker)

Condemned to Repeat the Mistakes of the Past (csinvesting)

On Second Thought… (The Irrelevant Investor)

To Be A New Fool In The World (Jason Zweig)

Thinking Outside the Box (A Wealth of Common Sense)

Here’s why Warren Buffett says to ‘run a lousy business’ (CNBC)

“If I Were Wrong, What Would It Look Like?” (Collaborative Fund)

Witney Tilson: How My Success Led To My Fall (Yahoo Finance)

The Great Moat Debate of 2018 (Intrinsic Investing)

Investing Shouldn’t Be Elaborate or Exhausting (GuruFocus)

Borrow… If You Dare (Of Dollars and Data)

Jack Bogle’s Battle (Barron’s)

Walmart’s India (Flipkart) Gambit: Growth Rebirth or Costly Facelift? (Musings on Markets)

Business Lessons about Growth from Andrew Chen (Andreessen Horowitz) (25iq)

How to Get Wealthy (Over Time) (Safal Niveshak)

Value investors are running out of dumb humans (FT.com)

What to do with Underperforming Investments? Assessment via Bayesian Inference (Alpha Architect)

First Eagle: Passive Investing Could Prove To Be An Expensive Mistake (FEIM)

Robert Shiller: The Old Allure Of New Money (Project Syndicate)


This week’s best investing research reads:

International Currencies and Capital Allocation (papers.ssrn)

Do Bonds Still Diversify When Rates Rise? (Pragmatic Capitalism)

Yields Look Overextended and Ready for Mean Reversion (Advisor Perspectives)

Why Everyone Hates Finance and What to Do about It (CFA Institute)

Separating Ingredients and Recipe in Factor Investing (Flirting with Models)


This week’s best investing podcasts:

Data, Decisions, and Basketball with Sam Hinkie [Invest Like the Best, EP.88] (Patrick O’Shaughnessy)

Episode #107: James Montier, “There Really Is A Serious Challenge to Try to Put Together an Investment Portfolio That’s Going to Generate Half-Decent Returns On A Forward-Looking Basis” (Meb Faber)

Eric Cinnamond On ‘The Rapidly Increasing Inflationary Environment’ (Jesse Felder)

Animal Spirits: What it Takes to Be Wealthy (Ben Carlson & Michael Batnick)

Jim Rickards (Part 2) – Central Banking, Taxes, and Crypto (Preston Pysh & Stig Brodersen)


This week’s best investing tweets:

"These earnings beats aren’t real — it’s mostly accounting gimmicks." Important article from @NewConstructs https://t.co/e05QcyGTZU

"Economic earnings, the true cash flows of the business, declined by 13% in 2017 and hit their lowest level since 2010." pic.twitter.com/3USCSxQQ4B

— Tobias Carlisle (@Greenbackd) May 23, 2018

Table showing annual compound returns of top investors with track records of at least 10 years. (60% annually for 30 years comes in 7th). https://t.co/k6pZ94kEgH

— Tobias Carlisle (@Greenbackd) May 22, 2018

Kahneman:

"An algorithm could really do better than humans, because it filters out noise. If you present an algorithm the same problem twice, you’ll get the same output. That’s just not true of people."https://t.co/O56z5Ade3K

— Morgan Housel (@morganhousel) May 22, 2018