Wednesday Reading List

August 2, 2023

Your personal experiences with money make up maybe 0.00000001% of what’s happened in the world, but maybe 80% of how you think the world works.

Morgan Housel

ICYMI: Fleeting opportunities: Two Things to do in Your Portfolio Now – Stock and bond investment opportunities have changed and you need to understand the environment we’re in and what changes to make with your short-term money and long-term investments.

8 Steps to Better Protect Your Financial Information by Heritage Financial

In 2022, consumer financial fraud reached alarming levels. The following eight steps can help provide significant protection in addition to valuable peace of mind.

To Make a Lot of Money, Observe the Future by Darius Foroux

But if you really want to make a lot of money, the secret isn’t with the news. But in observing the future.

Chart of the Week

Source: Charles Schwab Asset Management

The Artificial Intelligence Revolution is Here by Fiducient Advisors

Individuals with interest in investing in AI should do so with caution and in the context of the overall investment portfolio and with one’s ability to bear risk.

Fed’s Powell Talks Tough After Rate Hike, But a Pause Seen Likely From Here by Morningstar

We see steep Fed rate cuts coming in 2024 as inflation subsides.

You have a month left to get your share of Facebook’s $725 million settlement — here’s how by CNBC

Meta users have less than one month left to apply for their share of a $725 million settlement over Facebook privacy violations.

While Everyone Else Fights Inflation, China Deflation Fears Deepen by The Wall Street Journal

Some economists see parallels between China and Japan, where growth stagnated and prices fell for years

Divergence: Rate Cuts, Pauses, and Hikes by Charles Schwab Asset Management

I recently shared an article about the WHO’s warning about aspartame. The FDA agrees and here’s the other side.

Podcast Recommendations

Investment legend Seth Klarman, CEO of the Baupost Group, discusses his contribution to the latest revision of the investment classic – Security Analysis – and the state of value investing today with Jim Grant.

I was fortunate to be interviewed for the Barron’s Advisor podcast discuss our team and the firm’s future path.

Book Recommendation

JFK: Coming of Age in the American Century, 1917-1956 by Fredrick Logevall

We finally have a good JFK biography. This is the first of two volumes.

A NEW YORK TIMES NOTABLE BOOK OF THE YEAR • A Pulitzer Prize–winning historian takes us as close as we have ever been to the real John F. Kennedy in this revelatory biography of the iconic, yet still elusive, thirty-fifth president. 

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