Happy Saturday all!
The Greatest Hits collection of links is a bi-weekly one, meaning that this edition wasn’t due for another seven days.
But… it’s been an eventful (to say the least) week in the markets, which led me to do some a lot of extra reading, which meant I came across quite a few quality reads I wanted to share.
In non-market news, the long-awaited London heatwave is finally here. I’m off for a picnic, followed by a barbeque.
Next week, I’ll be sharing some perspectives on the way forward from here.
In the meantime, I hope you’ve got a nice and relaxing weekend ahead of you – and enjoy the links!
From Yours Truly
Perspectives On Private School, One Year In
Building Wealth
Ups And Downs – The Reformed Broker
Warren Buffett Busts A Myth About Warren Buffett – TKer
Tiger Global Hit By $17bn Losses In Tech Rout – Financial Times
15 Of The Craziest Charts Right Now – A Wealth Of Common Sense
Dotcom 2.0 – Net Interest (long but excellent as always)
ARK and the art of losing money by chasing performance:
Updated through 4/30/22. The since-incept gap has widened given performance continued to deteriorate, yet investors have largely stayed put (in fact, more flows came in). The avg. dollar in $ARKK lost ~33% since incept while fund gained ~14% over that span. https://t.co/XSO8Mc6OKm pic.twitter.com/OuY7YbLadZ
— Jeffrey Ptak (@syouth1) May 5, 2022
And some good visualizations to cap things off:
S&P 500 This Year vs Every Other Year In History – Personal Finance Club (Instagram)
Crypto Meltdown Corner
Terra: To The Moon And Back – Not Boring
Also, a refreshingly old-fashioned way to lose money in crypto:
Crypto Muggings in London: A New Kind Of Crime – The Guardian
Early Retirement
Three Years of FIRE – Stop Ironing Shirts
Lifestyle Design
Financial Independence Doesn’t Require Delayed Gratification – Financial Success MD
All Around
And to wrap it all up, the alternative definition of “frugality”:
The Rich New York Women Who Love Their Fake Birkins – The Cut
Have a wonderful weekend all!
About Banker On Fire
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Banker On FIRE is an M&A (mergers and acquisitions) investment banker. I am passionate about capital markets, behavioural economics, financial independence, and living the best life possible.
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