Good reads from around the Web.
A bit late with the links today. Blame BT broadband. It fell over in my house and made it impossible to load about nine out of ten of the websites I tried.
Google, of course, remained accessible throughout. It’s tough as a cockroach.
I’m sure we’ll be Google-ing cures for radiation burns and tasty recipes for three-eyed rats come the apocalypse.
Let’s crack into the links.
From the blogs
Making good use of the things that we find…
Passive investing
- Rebalancing with cashflows – Canadian Couch Potato [1]
- Why do people put up with expensive fees? – The Escape Artist [2]
- A portfolio is not a plan – The Reformed Broker [3]
- Smart beta is good for all except investors… – Cassandra does Tokyo [4]
- …and the term ‘smart beta’ has jumped the shark – Focus on Funds [5]
Active investing
- Why value investing works – A Wealth of Common Sense [6]
- ‘Net-net’ value stocks usually end badly – Base Hit Investing [7]
- The fine line between laziness and patience – Clear Eyes Investing [8]
- Fund managers still underweight emerging markets – Fat Pitch [9]
Other articles
- H is for hindsight bias – The Psy-Fi blog [10]
- The mortgage overpayment wall – Under The Money Tree [11]
- Retiring with children – The Retirement Cafe [12]
- Why do we buy gifts? – The Firestarter [13]
Product of the week: Mexican restaurant Chilango is offering an 8% yield [14] on its ‘burrito bonds’ with the prospect of free burritos on top. But beware – this sort of offering is much riskier than it might appear, as FT Alphaville explains in Crowdfeeding: The burrito option [15]. [Search result]
Mainstream media money
Some links are Google search results – in PC/desktop view these enable you to click through to read the piece without being a paid subscriber of that site.1 [16]
Passive investing
- Canadian investors are losers – Huffington Post [17]
- An interview with William Bernstein – ETF.com [18]
- Be skeptical about financial advice – WSJ [19] [Featuring Mike [20]]
- Portfolio construction is easy. Teaching people is hard – ETF.com [21]
- The thinking behind some new factor-weighted funds – Morningstar [22]
Active investing
- The risks and rewards of investing in renewables – Guardian [23]
- So much for the permabears’ stupid 1929 comparison chart – WSJ [24]
- Investing in high-growth shares [Audio interview] – Motley Fool [25]
- Emerging markets are coming back into favour… – Bloomberg [26]
- …Russia in particular is flying higher – Bloomberg [27]
- Alpha to beta: The demise of hedge fund edge – Pension Partners [28]
Other stuff worth reading
- Young, rootless, and broke [Search result] – FT [29]
- The big ISA drawback: The mess when you die – Telegraph [30]
- Mencap charity launches retail bond paying 4.4% – ThisIsMoney [31]
- How to actually save money – Morgan Housel / Motley Fool [32]
- Beating cancer and the 2008 financial crash – CNN Money [33]
- In defence of being average – Fast Company [34]
Book of the week: Tim Richards, the author of The Zeitgeist Investor [35] and The Psy-Fi Blog is back with a new tome: Investing Psychology [36]. Tim’s a great writer, but there must also be something canny and psychological going on in terms of the huge list price for his book. At £3.99 on Kindle, Zeitgeist [35] is a much cheaper introduction to his work.
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- Reader Ken notes that: “FT articles can only be accessed through the search results if you’re using PC/desktop view (from mobile/tablet view they bring up the firewall/subscription page). To circumvent, switch your mobile browser to use the desktop view. On Chrome for Android: press the menu button followed by “Request Desktop Site”.” [↩ [41]]