Top 5 Reads of the Week | October 23, 2019

Top 5 Reads of the Week - Oct. 23 2019 | A Wealth of Common SenseWhen Performance Leads Assets
by Ben Carlson, CFA | A Wealth of Common Sense

“Performance chasing is as old as the hills so this type of behavior is never going away. There will always be certain funds or esoteric strategies that do better than others at times. Unfortunately, most investors tend to put their money into these strategies only after they’ve already experienced strong outperformance.”


Top 5 Reads of the Week - Oct. 23 2019 | BloombergPortrait of an Inessential Government Worker
by Michael Lewis | Bloomberg

“It’s curious how knowledge is at once so hard to create and so easily taken for granted. And in truth it was hard to say exactly what would be lost with Art’s retirement. When the people in the field called Art Allen with a question, it was usually after something had gone wrong.”


Top 5 Reads of the Week - Oct. 23 2019 | Collaborative FundWhy New Technology Is A Hard Sell
by Morgan Housel | The Collaborative Fund

“Physicist Max Planck famously said science doesn’t progress by changing minds, ‘but rather because its opponents eventually die, and a new generation grows up that is familiar with it.’ Same with new technology. A full embrace often requires waiting for a generation that’s never known anything different.”


Top 5 Reads of the Week - Oct. 23 2019 | MIT Tech ReviewMeet America’s newest military giant: Amazon
by Sharon Weinberger | MIT Tech Review

“But that’s only the start. Arnold predicts Amazon will move beyond the US law enforcement and intelligence markets and look globally. That, he predicts, is worth tens of billions of dollars. The bottom line isn’t the only concern, however: there’s also influence.”


Top 5 Reads of the Week - Oct. 23 2019 | Morningstar

Investing Close to Home Is Overrated
by Alex Bryan, CFA | Morningstar

“Home bias isn’t unique to U.S. investors, and it’s understandable. Domestic stocks tend to have less currency risk than foreign stocks, which tends to make them slightly less volatile and more appealing, as most investors’ expenditures are predominately in their home currency… But a heavy bias toward U.S. stocks can hurt diversification and is often based on misconceptions.”