Links for October 2022
Another reason to be cautious about crypto: https://www.thestreet.com/investing/cryptocurrency/another-prominent-crypto-lender-goes-down
And, in fact, I don't find this surprising at all: https://www.cnbc.com/2022/10/06/celsius-executives-withdrew-millions-before-freeze-on-customer-funds.html
A Redditor did some calculations on things like rent-to-income ratio across different generations. https://www.newsweek.com/worker-shares-proof-gen-z-must-work-twice-hard-boomers-survive-viral-reddit-1724722 However, the author of this Newsweek piece states "[these] figures and claims were not analyzed by experts."
Unlike the author, I don't need 'experts' to verify somebody's conclusions if they provide their data source. #IAmAnExpert
But, this is also known. How's the stamp of the Economic Policy Institute for 'expert verification?' https://www.epi.org/blog/growing-inequalities-reflecting-growing-employer-power-have-generated-a-productivity-pay-gap-since-1979-productivity-has-grown-3-5-times-as-much-as-pay-for-the-typical-worker/
Hmm...I can apparently use Google better than this 'journalist' who gets paid to write clickbait - oops, I mean 'articles' about what people are saying on Reddit - for Newsweek. 🤔
Is college worth the cost? The doubt is going mainstream: https://www.usatoday.com/story/news/education/2022/07/11/colleges-student-loan-debt-high-cost/7768824001/?gnt-cfr=1
Do you want an optimal withdrawal rate? Or a safe one? The answer to this question is pretty important for retirees to consider: https://retirementresearcher.com/difference-safe-optimal-withdrawal-rates-retirement-spending/
In my reading, I keep running across the power of incentives to govern human behavior. It's far more powerful than you probably think: https://collabfund.com/blog/incentives/
An astute analysis of the power of mass and social media to distort reality: https://dariusforoux.com/rich-and-famous/
Another excellent analysis from Morgan Housel: https://collabfund.com/blog/incentives/
"Sounds like the free market is working just fine." I'll have to remember that one! https://www.newsweek.com/baby-boomer-millennial-debate-workers-pay-free-market-1721501
Does successful investing have more to do with offense (generating big gains) or defense (preventing losses)? https://paulmerriman.com/the-biggest-challenge-to-successful-investing/
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Check out my book-review series, available now:
1. Debt: The First 5000 Years by David Graeber
2. Rich Dad Poor Dad by Robert Kiyosaki
3. The Clash of the Cultures by John C. Bogle
