Wednesday Reading List

Despite my skepticism of the U.S. equity market, the opportunities available outside the U.S. continue to look attractive.

James Montier – The Curious Incident of the Elevated Profit Margins

ICYMI: The “New” Rules of Debt

Interest rates are significantly higher and the “free money” era may be over. Your approach to debt should change accordingly.

See also: How to Use Debt to Build Wealth


Debt Ceiling Perspective for Investors by Heritage Financial

We encourage investors to look past the near-term uncertainty and volatility, instead focusing on the longer-term factors impacting the markets and economy, like interest rates, inflation, and corporate earnings. 


Why Down & Sideways Markets are Bullish by Nick Maggiulli

A market that chugs along without doing much sets up for stronger future returns.


Chart of the Week


Why Are Markets So Calm? It’s Revenge of the Quant Funds by The Wall St. Journal

Firms that use computers to determine buy and sell signals have been loading up while other investors sit back.


Meet the people who use Notion to plan their whole lives by MIT Technology Review

The workplace tool’s appeal extends far beyond organizing work projects. Many users find it’s just as useful for managing their free time.


Markets Brief: Why Vanguard Sees a Brighter Outlook for Investors’ Portfolios by Morningstar

While stock valuations are stretched, higher bond yields make for better return expectations.


Great books, songs, and shows for the summer by Bill Gates

Because there’s more to life than reading. (Though reading is still the best.)


The Era of Chinese Supergrowth Is Over by Barron’s

China’s economic model has reached structural limits and it’ll grow slower than the U.S. and European Union.


They Came. They Saw. They Incinerated Half Their Funds’ Potential Returns. by Morningstar

Tactical allocation funds of funds would have earned twice as much if their managers didn’t trade over the past decade.


Book cover for Lisey's Story by Stephen King

Lisey’s Story by Stephen King

Picked by Stephen King as one of his three favorite stories, Lisey’s Story is about the wellsprings of creativity, the temptations of madness, and the secret language of love.