Must Reads of the Week – January 16, 2019

Must Reads of the Week

Our favorite reads of the week and the quotes that make them worthy…

“We all see the same market price and read the same commentary, the latter of which is like gasoline on the flames of herd behavior. So investing misbehaviors can snowball.”
Things I’m Pretty Sure About by Morgan Housel | Collaborative Fund


“We cannot control where the market goes and when, but if you set up a program that automatically invests whether the market is going up, down or sideways, it systematically avoids the noise. This is the easy part. Hanging in there until the risk is rewarded, that’s what makes this tricky.
Buy Low, Buy High by Michael Batnick | The Irrelevant Investor


“And so we use stories of how we should be investing our capital, turning to compelling narratives — if only because the probabilities and statistics that inform us about future expected returns are likely to bore most of us, even if the actual outcome is better.”
Data Picks Investments, Stories Sell Them by Barry Ritholtz | Bloomberg


“In football, this sideline bias even seems to supersede refs’ tendency to support the home team: The differences in the penalty rates from sideline to sideline are several times larger than the differences in penalty rates between the home and away teams.”
NFL Coaches Yell At Refs Because It Freakin’ Works by Noah Davis and Michael Lopez | FiveThirtyEight


“It’s also part of a wider pattern of how the stories of tech companies get told, which erases the many individuals who help to build them in favor of highlighting the “lone genius” at the helm. Many of the people who fade to the background have been women.”
Mackenzie Bezos and the Myth of the Lone Genius Founder by Louise Matsakis | WIRED


“It is a win-win strategy, giving humanity its only viable path to stop a climate catastrophe while providing poorer countries with the energy they need to grow. It’s the only strategy that adds up.”
Only Nuclear Energy Can Save the Planet by Joshua S. Goldstein and Staffan A. Qvist | The Wall Street Journal


“In one dataset, for example, the negative effect of wearing glasses on adolescent well-being is significantly higher than that of social media use. Yet policymakers are currently not contemplating pumping billions into interventions that aim to decrease the use of glasses.”
Beyond Cherry-Picking by Amy Orben and Andrew Przybylski | Behavioural & Social Sciences


“Why hasn’t anyone landed on the far side before? It’s difficult to maintain communication with Earth during a far-side landing, because the moon itself blocks radio contact. When Apollo astronauts orbited to the moon’s far side, they were totally cut off from the rest of humankind.” 
China just landed on the far side of the moon: What comes next? by Michael Greshko | National Georgraphic