Must Reads of the Week – November 14, 2018

Must Reads of the Week

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

“If you do what everyone else is doing, you shouldn’t be surprised to get the same results everyone else is getting.”
The Surprising Power of The Long Game | Farnam Street


“The way to change behaviors is to increase self-awareness about blind spots and behavioral biases.
How to Take Fear Out of Your Investing Decisions by Daren Fonda | Barron’s


“In other words, economists and commentators are calling the economy “great” because that’s what they’re used to doing.”
Why a Great U.S. Economy Doesn’t Feel So Great 
by Noah Smith | Bloomberg


“Children who perceived their parents as investing heavily in their sport tended to report a greater sense of parental pressure and a reduced sense of enjoyment.”
Why Sports Parents Sometimes Behave So Badly 
by Emilie Le Beau Lucchesi | The New York Times


“Investment managers should periodically step back and ask whether what they are doing is likely to generate excess returns over time and, if so, whether their process fully serves that goal.”
Making Sense of Multiples: Mauboussin On EV/EBITDA by Kevin Harris | Forbes


“It meant realizing that for each time when the market acted as I expected, based on my reading of the recent tea leaves, there was another time when it did not.”
Sometimes, Investment Ignorance Is Bliss by John Rekenthaler | Morningstar


“From my perspective, the rally of the last several days looks like a technical bounce, i.e. a short term exhaustion of selling, rather than bargain hunting.”
Why valuation alone won’t save equities by Russ Koesterich, CFA | BlackRock Blog


“Indeed, for most investors, high yield trailing equities is an indication that a downturn is not yet around the corner.” 
U.S. equity markets not taking their cues from high-yield junk bonds by Kate Duguid | Reuters


“We’re trying to build an empire. The mainstream is coming to gaming. It’s a lifestyle now.”
Inside the Esports Team With Big-League Ambitions by Joshua Brown | The Wall Street Journal


“And because performance is so bounded, it allows us to predict, with impressive accuracy, what our own ultimate limits are.”
Success is more a game of chance than we’d like to admit by Albert-Laszlo Barabasi | LinkedIn