Wednesday Reading List

ICYMI: How Long to Give an Investment Strategy – How long to give an investment strategy looks at the right amount of investment patience to have based on the performance history of top managers so you don’t jump ship at the wrong time. It also provides some monitoring points to make sure patience is warranted.

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Investors are talking a lot about inflation, a topic I addressed in Worrying About Inflation. This article highlights arguments from the small pro-worry camp on the other side.

Deutsche Bank warns of global ‘time bomb’ coming due to rising inflation by Jeff Cox

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“Traditional theories portray stockholders as fully focused on profits. But that’s not as true as it once was.”

The Rise of Shareholder Politics by Roberto Tallarita

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“While the debate rages on over whether inflation is transitory or long lasting, there’s no debating that an enormous amount of liquid assets has piled up since the start of the pandemic.“

Lots of Liquidity by Ed Yardeni

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“We may never know for sure if the virus that causes Covid-19 leaked from a lab. But that won’t stop the debate.”

The lab leak hypothesis, explained by Umair Irfan

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Book Recommendation

The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary Carter

It’s not an exaggeration to say that knowing about Keynes, his life and his theories is important to truly understand economics and the markets. This is a strong biography of the man and his ideas.