What I Was Doing On The Farm This Week

Reading

If you’re offended or angered by this article from financial blogger OG Josh Brown then now you know it what it feels like to get the stiff arm.  Josh asks the financial advisory community whether you’re built for YAC (Yards After Contact) or just another rising tide lifts all boats.

Nick Maggiulli gives us Four Things Leonardo da Vinci can teach us about investing.  Some great macro thinking that extends beyond investing into life lessons.

Michael Batnick brings the CAPE back from the grave to demonstrate some strategies involving valuation signaling for Timing The Market and ultimately concludes:

The more you pay for an investment, the less you should expect to receive, on average. But the idea that you can use valuations as a way to time the market is probably not going to work for most people most of the time.

In high school, chemistry wasn’t really my strong suit (bad teacher, didn’t really try, blah blah), but I really like the creativity of Phil Huber did here with a graphical rendition the Periodic Table of Investments.

Ben Carlson’s fantastic blog gives another insightful post entitled How The American Consumer Got Addicted To Choice.  There’s a lot of great content out there about how Sears impacted American society and this is another.  I also enjoyed a comparison on a recent EconTalk podcast where the similarities between Sears and Amazon were highlighted.  Basicially, both were platform businesses that organized buyers and sellers through convenience, distribution, and low prices.

Listening

The guys at Animal Spirits dropped there first sponsored (ad-supported) podcast this week.  Congrats Michael and Ben!  I enjoyed hearing from the JPM Portfolio Manager and how their “smart-beta” ETF was constructed.  Like others, I am starting to question if the traditional value and momentum factor strategies are starting to be water-down when the largest asset managers begin to offer products in those spaces.

Ted Seides gave us another interview with the amazing Annie Duke.  Anyone that enjoys exploring our psychological biases and how they impact our decision-making ability will enjoy this conversation.

Watching

I enjoyed this treat featuring Barry Ritholtz and hedge fund manager Ray Dalio that builds upon a podcast that the two recorded earlier.  What a far-ranging and thought-provoking conversation.

Here’s another great in-depth interview with a titan of the hedge fund business Stanley Druckenmiller.  The man’s investment record is hard to comprehend.

I’ve started watching Narcos: Mexico on Netflix.  I’ve enjoyed the other season and I’m enjoying this look at the history of Mexico’s role in the drug trade.  Put your phone down because unless you’re fluent in Spanish you’re going to have to read a lot of subtitles.

My family tradition of watching National Lampoon’s Christmas Vacation is alive and well.  My personal favorite Christmas comedy movie.  Love that faux turtleneck (aka a dickie).

Cousin-Eddie-Red-Clay-Soul-Christmas-Vacation-Snots

I hope everyone had a great Thanksgiving.  I think my annual tradition of frying a turkey went pretty well. I hope everyone had a great Thanksgiving.

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