Stuff worth sharing from the past week
ICYMI: An Investing Legend’s Latest Insight – Investing legend Howard Marks has been thinking about the things we want answers to – COVID-19, shape of the economic recovery, investment outlook, and the economy.
I’ve never seen anything so clearly illustrate how S&P 500 performance has been driven by FAANG stocks. pic.twitter.com/9qqn1bQvL9
— Peter Mallouk (@PeterMallouk) August 14, 2020
Two articles explaining that we are in a new bull market and that the worst of the economic decline may be behind us and where we could go from here.
Excellent piece using Tesla to make crucial investing points. Key one: “The only thing that matters in investing is whether you are meeting your personal goals. And that has nothing to do with how anybody else’s investments are performing.”
Investing Is Not a Competition by Patrick Cairns
“The Johnson clan keeps a low profile while diversifying into real estate, pharma, fiber optics and Texas shale.”
Fidelity Family’s Vast Wealth Is Matched by Passion for Privacy by Devon Pendleton, Tom Maloney, and Michael McDonald
Fascinating detailed survey about our views of the media and democracy.
AMERICAN VIEWS 2020: TRUST, MEDIA AND DEMOCRACY by The Knight Foundation
“We live in interesting, though not unprecedented, times. The Roaring 1920s could be a precedent for the Roaring 2020s.”
Another Roaring Twenties May Be Ahead by Ed Yardeni
Nice economic news during Covid times. Americans are starting their own businesses at a fast clip.
Americans Rush to Be Their Own Bosses as Covid Hits Job Market by Michael Sasso