Jack’s Links

I have no idea when people will stop saying that rates are being [insert devious sounding adverb-ly depressed], but if they read this post they might stop sooner.

Interesting article about the hot-hand. I don’t really get it.

I was incredibly confused by the Greek referendum -> austerity measures, the vote was some sort of political theater?

Bernie Sanders is the left’s Ron Paul.

Interesting dissection of dueling editorials.

Why people who pick fund managers based off of track record are probably wasting their time.

(near) Octogenarians say some things I don’t think they would have said 20 years before – reminiscent of Jack Bogle railing against foreign stocks a few months (years?) ago.

A dozen things – VC – Sam Altman

Wade Pfau on whether it makes sense to pay a financial advisor.

What I’m Listening To (Podcasts)

I walk a lot of places. Sometimes I want to listen to music, but sometimes I want to learn something. When I want to learn something, I turn to my trusty podcasts. I’ve got about 5 that I listen to pretty much every podcast from during the week.

When it comes to podcasts, I’m a firm believer that diversity is king, only one of the podcasts I regularly listen to is related to what I do day to day, and none of them are related to each other. They do have a few things in common, notably; high quality content, smart guests (only one doesn’t regularly have guests), and most of all, they all have a clear identity.

In no particular order:

a16z – Tech/start-up podcast that casts a pretty wide net – Thanks Andreessen Horowitz

Econtalk – An absolutely incredible amount of content out of Russ Roberts – top notch guests

The Tim Ferriss Show – Tim’s stated goal is to interview top performers and find out ‘how they do it’. He’s a hugely talented interviewer

Fireside Markets – I couldn’t actually find a link to the podcast area of the website, anyway… James Osborne, a financial planner, hosts this podcast mostly focused on the planning industry. He’s just starting out (maybe 8 episodes), lots of interesting content, hope it keeps going.

Jalen & Jacoby – Basketball podcast, they give the people what they want.

Honorable mention to the two fivethirtyeight podcasts, hot takedown and what’s the point (I think the latter is brand new), which I’ve enjoyed in the few listens I’ve given them.

I’m sure in time the podcasts will fall victim to the same cycle as the blogs I read — I’ll add more and more that I like until I can’t read them as much as I want, then the reckoning will come and I’ll unfollow 80%. For now, <10 feels like the sweet spot.

Jack’s Links

Grexit is all the rage, but all of the smart money seems to be focusing on the Chinese stock market. Do either of these matter? I don’t know.

Government steals raisins for the good of the raisin farmers. This sounds like a hypothetical problem from an econ class, but it’s real.

A dozen things: Peter Fenton — focuses a lot on VCs, which is very cool

California drought – El Nino for real this time?

ROE – Portfolio Turnover. Conventional wisdom should always come with the caveats of when it doesn’t work. There is always a condition that makes ‘common sense’ wrong.

Pitchdecks – Really interesting that NDAs are going away

Dyslexia and visual-spacial abilities – Everyone (including me) likes the idea that people with one disadvantage have an equal and opposite advantage. It might even be cooler if people with dyslexia develop visual-spacial skills through working them more often.

File under ‘unintended consequences of regulation’ – Health care edition

European commission in 2009 – They wrote a white paper gloating about how wrong economists were about the Euro. Hilarious. Starts with “The euro: It can’t happen, It’s a bad idea, It won’t last. US economists on the EMU, 1989 – 2002”

Critique of Mr. Money Mustache – definitely sums up many of my feelings when friends ask me about him

Finally, Grexit (login-wall, my apologies, it’s free, though!)- A nice piece by Niall Ferguson, takes a very Louis CK “everything’s amazing and nobody’s happy” line