Personal Finance reading

[shri]

A good one on changing a few bits and pieces of your portfolio to take more risk, reduce risk or do nothing..

Morningstar.com: Investing When Everything Is Expensive.

https://www.morningstar.com/articles...g-is-expensive

[shri]

Nudge The Final Edition.. Directors Cut.

Will probably get down to read g this over the holiday weekend.

https://youtu.be/FEkfqQAp6wk

[shri]

Was trying to explain "save like a pessimist and invest like an optimist" to a friend and found this article.

Good read - a bit of pop psychology and I'm not even sure if Bill Gates came up with this.. but still, its a good read.

https://www.cnbc.com/2021/01/04/bill...pessimist.html

[shri]

A good read from Morningstar ...

The idea of cordoning off a pile of cash for an impulsive bet isn’t directly supported by any academic research. As far as I can tell, one of its most prominent proponents was late Vanguard founder Jack Bogle. He outlined the case for this approach in a 2014 interview with MarketWatch:

“Divide your money into your long-term investment account and your funny money account for short-term speculation. Guess on funds, guess on markets, guess on stocks if you want to, because that gives you an opportunity to act on your speculative impulses.

“But they will hurt you a lot, so I recommend you have a funny money account of no more than 5% of your portfolio. I also recommend that after five years, check it out. Has it done better than the long-term investment or worse? I’d be astonished if at least 95% of those funny money accounts don’t do worse.”

https://www.morningstar.co.uk/uk/new...portfolio.aspx

[shri]

Damodaran on ESG - Worth a read, if nothing else to get a better view of some of the cracks in the ESG frameworks.

My views on ESG are not a secret. I believe that ESG is, at its core, a feel-good scam that is enriching consultants, measurement services and fund managers, while doing close to nothing for the businesses and investors it claims to help, and even less for society.

That judgment may be harsh, but as the Russian hostilities in Ukraine shake up markets, the weakest links in the ESG chain are being exposed, and as the same old rationalizations and excuses get rolled out, I believe that a moment of reckoning is arriving for the concept. If you remain a true believer, I will leave it up to you to decide how much damage has been done to ESG, and what comes next.

https://aswathdamodaran.blogspot.com...-shine-or.html


and an older article...


https://aswathdamodaran.blogspot.com...avy-train.html

[shri]

Very good reading..

The New York Times: Opinion | The Rich Are Not Who We Think They Are. And Happiness Is Not What We Think It Is, Either..
https://www.nytimes.com/2022/05/14/o...-big-data.html

[shri]

Some good model portfolios and their performances - based on the bucket allocation model.

Morningstar: How Is the Bucket Strategy Holding Up?.

https://www.morningstar.com/articles...egy-holding-up