Wednesday Reading List
The thing about risks is the they become less of a problem for markets the more market participants talk about them because that means the risks are probably priced in.
Sam Ro
Relief From the May-hem? by Heritage Financial
Our team checks in on the markets post the debt-ceiling resolution.
2023 Mid-Year Outlook: U.S. Stocks and Economy by Charles Schwab Investment Management
A broadening out in market performance would help bolster a more sustainable stock rally, but that hinges on increasing clarity for monetary policy, recession risk, and bank stress.
Chart of the Week
Don’t Let Healthcare Costs Derail a Healthy Retirement by Fiducient Advisors
For many, retirement is a time to enjoy the fruits of one’s labor and pursue long-held dreams. However, it is crucial to be prepared for the financial challenges which may arise, particularly concerning healthcare expenses.
529 Plans: What’s Changed and What’s the Same? by Morningstar
Six charts on movements in fees and assets amid rising education inflation.
Yes by Scott Galloway
The only way you will be loved by others, get to love them, and live a life you do not deserve is to take uncomfortable risks. Say yes to them.
Why AI Will Save the World by Marc Andreesen
Marc Andreesen chimes in with extensive AI thoughts.
The rich often misjudge the potency of their retirement savings, report finds by CNBC
More than one-quarter of all U.S. households think they’re on track to maintain their standard of living in retirement but are actually at risk of falling short, according to the Center for Retirement Research at Boston College. The affluent are more likely to hold this mistaken view, the center said in a new report.
Fifty Years Ago, Rusty Olson Began Investing Kodak’s Pension. Thanks to Tom Mucha, He’s Reaping the Rewards. by Institutional Investor
Ray Dalio likens Olson’s investment style to that of Yale’s David Swensen. Now Olson is passing his knowledge on to Kodak’s current CIO.
A Stock’s Dividend Yield Isn’t Enough. Pay Attention to ‘Shareholder Yield.’ by Barron’s
When it comes to picking the stocks that treat their investors the best, don’t rely on dividend yield alone.
How the shocking PGA Tour-LIV Golf deal went down by ESPN
The most unlikely union in professional golf history — the PGA Tour’s stunning partnership last week with the DP World Tour and Saudi Arabia’s Public Investment Fund — started with a WhatsApp message.
Summer Reading Ideas
Looking for summer reads? Check out my curated recommendations.
Best Books I Read in 2022 (with links to best reads from the past four years)