Top 5 Reads of the Week | April 17, 2019

Top 5 Reads of the Week | A Wealth of Common SenseThe Life Cycle of Wealth
by Ben Carlson, CFA | A Wealth of Common Sense

“Sequence of return risk in the markets is completely out of your control. So is the year in which you were born, which is why luck often plays a larger role in people’s financial outcomes than most are willing to admit. But you do control your savings rate and how much money you spend on discretionary items.”

Top 5 Reads of the Week | New York Times MagazineMelinda Gates on tech innovation,
global health and her own privilege.

by David Marchese | New York Times Magazine

“But we do need to think about how we right some of these inequities. How do we open our networks of power for women and people of color? We have to think about our privilege. I have to think about my privilege every day.”


Top 5 Reads of the Week | OSAMO’Shaughnessy Quarterly Investor Letter Q1 2019
by Patrick O’Shaughnessy |
O’Shaughnessy Asset Management Blog

“If I were on the other side of the table, allocating capital to quant managers, I’d focus on each manager’s graveyard. The better they can discuss what doesn’t work, or doesn’t matter, the more confidence I’d have in the things they do care about. How intimately do they know failure? This may hint at how badly they want to improve.”

Top 5 Reads of the Week | New York TimesHow Katie Bouman Accidentally Became
the Face of the Black Hole Project

by Sarah Mervosh | New York Times

“As Dr. Bouman herself was quick to point out, she was by no means solely responsible for the discovery, which was a result of a worldwide collaboration among scientists who worked together to create the image from a network of radio antennas. The project, led by Shep Doeleman, an astronomer at the Harvard-Smithsonian Center for Astrophysics, was the work of more than 200 researchers. About 40 of them were women, according to Harvard’s Black Hole Initiative.”

Top 5 Reads of the Week | Morningstar

Value Investors are Vexed
by Ben Johnson, CFA | Morningstar

“Yes, value investing still works. I believe it always will because it is 1) intuitive and 2) at least partly driven–in my opinion–by bad investor behavior that will persist indefinitely. In fact, I believe the current outflows from value-oriented funds are evidence of exactly the type of behavior that will ensure the value premium will be with us for a long time to come.”