A little less than two weeks ago, Houston Rockets General Manager Daryl Morey released a tweet that sent shockwaves around the world. The tweet went fairly unnoticed here in the US, but it sparked outrage and spread like wildfire throughout mainland China.
The cost of higher education in the U.S. has been accelerating at a pace much higher than broader inflation in recent decades. It has now gotten to a point where the U.S. spends more on higher education than virtually any other country in the world.
About 15 years ago, savvy institutional investors created a new market when they started buying permanent life insurance policies from individuals who were looking to sell their policies. On the surface, the idea of investing in someone else’s life insurance contract seems morbid, but in actuality it is empowering individuals with a better financial option.
Needless to say there is a lot going on in the world right now, and for us here in the US the front page news continues to be Trump’s trade war with China. The day by day developments continue to move markets and affect strategy within the world’s largest corporations.
This week we wrap up our four part series on the harmful effects of news consumption. We look at one of the aspects of Warren Buffett's investment success and two reasons why news can hinder rather than help investors in reaching their investment objectives.
This week we finish looking at the last five dangers of news consumption outlined in Rolf Dobelli's research paper Avoid News: Towards A Healthy News Diet. At the root of it all, we must all understand that news outlets and the media in general are all in the business of making money rather than the more altruistic goal of creating a more informed public.
Last week we re-introduced a four-part Weekly Insight series on how the regular consumption of news might actually be detrimental to decision making. We covered the first five “toxic dangers” of news as laid out in Rolf Dobelli’s research paper entitled "Avoid News: Towards a Healthy News Diet" and this week we will cover the next five dangers.
The constant consumption of news does not allow us to predict the future with any certainty, and there is no guarantee that it will even make us better money managers over the course of our career. In reality, "news is to the mind what sugar is to the body."
The topic of debating the merits and pitfalls of capitalism versus socialism has continued to gain traction over the past decade as more and more people are “feeling left behind” by the current system.
The age of the internet has ushered in numerous modern conveniences that many would have thought impossible just a few decades ago. But along with all the benefits technology has brought into our lives, it has also ushered in some drawbacks including what we now call FOMO or what has always been known as just plain old jealousy.
Baby Boomers are the first generation to be entering retirement in worse financial shape than the previous generation since Harry Truman was president. As Shakespeare once opined, “Expectation is the root of all heartache.” It appears to us that there is a large amount of retirement heartache on the horizon for many Americans.
In this series, we’ve claimed that that the problems we’re facing really stem from misguided and unrealistic expectations. This week we highlight another area of our country’s financial underbelly where mismanagement and poor leadership has created what Warren Buffett once described as a “financial tapeworm”.