This is a great article about innovation and behavioral finance.
For these three shared characteristics — future orientation, uncertainty, and tensions between the long term and the short term — decisions about how to pursue innovation and decisions about investing have similar structures and take place in comparable contexts.
This is a great article if you want to learn the difference between productivity and efficiency.
More efficient workers make for higher national productivity numbers in the commonsense view, which does not square with the official arithmetic.
This is a good article on exchange-traded funds (ETFs) and hedge funds.
It looks, in other words, as if hedge funds are a very expensive way of buying widely available assets
Love this excellent article.
… new tools start out being made to fit the existing workflows, but over time the workflows change to fit the tools.
Someone asked me the other day how I invest my pension. Here’s the answer:
Individual companies: Amazon, ASOS, Apple, Facebook, Amazon, Shaftesbury, Regus, Tesla, Tesco, Google.
Funds: Vanguard Emerging Markets, Vanguard US Equities.
Bonds: UK Gilts, Corporate Bonds of global businesses.
Commodities: Gold, Oil, Crops.
I invest when I think the price is at least 30% lower than the value.
I sell when the price dips below its 200-day moving average.
This is not investment advice, just in case you were thinking it is.