Some good reading from around the web.
For many years now I’ve been reading and linking to The Psy-fi Blog. It’s not only one of the UK’s best financial websites – it also offers as revealing a take on behavioural investing as you’ll find anywhere on the Web.
The author, Tim Richards, is an excellent writer, but his subject matter means the blog is not always an easy read. Sometimes I’ve wondered – in-between bursts of thinking “blimey, this bloke is smart!” – that it might be a bit much suggesting readers try to digest reflexivity or agency problems after breakfast on a Saturday morning.
But noticing the odd known Monevator reader popping up in the comments has reassured me that some of you like your financial eggs not overly easy.
My other consistent thought has been “this guy should write a book!”
And now he has.
Like his blog, The Zeitgeist Investor: Unlocking The Mind of the Market isn’t kitted out like your conventional personal finance or investing book. There’s no chapter headings on skipping lattes or on picking passive funds over active funds.
Instead we’ve got:
1. Forward
2. Markets Are Adaptive, People Are Reflexive
3. Anchored in the Wonder Years
4. Irving Fisher’s Big, Bad Call
5. The Ross-Goobey Moment
6. Emotional Tulip Trading
7. Volatility at Work
8. A Personal Margin of Safety
9. Are You Satisificed?
10. Investing by Jerks
11. A Twenty-First Century Bubble
12. Free Will and Model Risk
13. The Zeitgeist Commandments
Intrigued? It will only cost you £3.99 to satisfy your curiousity.
Head over to Amazon to check it out.
From the money and investing blogs
- 100% in equities in a retirement portfolio? – Oblivious Investor
- Does happiness really peak at $75,000 a year? – Mr Money Mustache
- Sun breaking through the financial clouds? – Investing Caffeine
- Why smart beta needs alpha hunters – The Munro Blog
- A high-yield portfolio strategy – Retirement Investing Today
- Getting perspective after retiring – Simple Living in Suffolk
- Returns from the FTSE 100 in real terms since 1984 – SEI
- Digitized diary of a 1940s central banker – Bank of England (via FT)
Book of the week: It has to be The Zeitgeist Investor, of course!
Mainstream media money
- Draghi, the ECB, and its new bond-buying plan… – The Economist
- …hasn’t entirely reassured some market watchers… – The Economist
- …and its appalled the Germans [image] – FT Alphaville
- When memory fails, so do investments – Motley Fool
- Will you need to delay retirement to 70? Or 84? – CBS (and Rick Ferri)
- Overseas students boost London lets – FT
- China’s cheap, but caution rules – FT
- Merryn: UK property still sinking in real terms – FT
- Divorce advice (and a scarily bitter comment thread) – Telegraph
- How I made a profit from paying public school fees – Telegraph
- Bless! Teenagers expect to own first home at 25 – Telegraph
- The savings you can make with an offset mortgage – Independent
Product of the week: The Guardian has an in-depth article outlining the pros and cons of Castle Trust‘s new UK property investments, dubbed HouSAs. Sounds immediately dodgy, but it’s backed by J.C. Flowers, the massive US private equity company. The HouSAs dovetail with its so-called ‘Partnership Mortgages’ where you can buy a bigger house in return for giving up a lot of the upside, which are available from October 1st.
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Comments on this entry are closed.
Thanks, TI.
Someone has to ask the obvious question, so it may as well be me! I’d like to read the book, but won’t be buying a Kindle any time soon. Is there another way I can get my hands on it?
@Simon H
If you have an Android or Iphone then you can download the free Kindle app from the relevant app store.
HTH
Donkeyotay
@ Simon H – The Kindle reader for PC or Mac is free.
That castle trust HouSA looks lethal. There is nothing real underpinning it, it seems to be pure derivatives. Almost as if JC Flowers is taking a massive bet on shorting the UK housing market, with the willing putative housebuyers of the UK placing themselves as the counterparty because heck, everybody in the UK knows that house prices in the UK always go up. There’s something more honest about spreadbetting the house price index 😉
@ermine — I like your instinctive horror! 😉 I think what’s planned to underpin it though are real houses — via the partnership mortgages that they are also looking to launch any time soon. Not sure of the mechanics, of course.
Definitely asbestos gloves material, though perhaps not completely without a place in certain portfolios.
Sounds like a good book. Thanks for profiling it.