Good morning all – and welcome to the weekend!
Let’s kick things off with two admin points.
First of all, we’ve had a significant number of new readers (and newsletter subscribers) over the past few days.
A big warm welcome to each and every one of you – it’s great to have you here! And if you haven’t yet subscribed to have new posts and exclusive updates delivered straight to your inbox, you can do so here.
Second, we’ve unfortunately had a technical issue with the blog where some readers were not able to post comments due to a “nonce” error.
There is now a fix in place, but if you are still unable to comment, I would ask that you shoot a quick email to bankeronfire at gmail dot com so that I can look into it. Thank you.
And now, back to regular programming.
For the new readers on here, Greatest Hits is a bi-weekly summary of the best personal finance and investing content that crosses my screen – and there is a lot on that screen every day.
In fact, I reckon I go through a few hundred articles and posts every single month.
I then distill all of that content into just a handful of the absolute best links which I share with my readers here.
The topics run a broad spectrum, but the overriding intention is to supply you with tools and information to help you design a better, richer, more satisfying life.
Enjoy the reads – and have a wonderful weekend!
From Yours Truly
Why Winners Keep Winning – Dollars and Data
Trying Too Hard – Morgan Housel
How Can I Save When I Fear There Might Not Be A Future? – Douglas Tsoi
Things You See In Every Bear Market – Ben Carlson
Long-term readers of this blog know that I’ve got a strong and well-documented passion for US equities.
At the same time, I will be the first person to admit that the vast majority of investors out there are best served with a simple global tracker.
Here’s a great guide from the ever-excellent Monevator on how to find the one that’s best for you:
How To Choose The Best Global Tracker – Monevator
Reflections Of A Physician Turning 60 – Financial Success MD
How To Live A Bit Better By Doing A Bit Less – Dr. Laurie Santos (Yale University)
And now for some comic relief:
There are many reasons you should run for the hills from a job with unlimited holiday.
That being said, what makes Goldman’s new policy particularly useless is the fact that they explicitly limit this “unlimited” holiday to just the most senior staff members – managing directors and partners.
At Goldman, or anywhere else in investment banking, you simply don’t get to make MD unless you’ve sacrificed your holidays (and probably your first-born) from the get-go. Ditto for partner, one of the most coveted positions in global finance.
So yeah, feel free to take that unlimited holiday. Just be prepared to work every single day of it:
To wrap things up, a great post from Young Money on how to finally do the thing(s) you want to do:
What Are You Waiting For? – Jack Raines
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.
Find out more about me and this blog here.
If you are new to investing, here is a good place to start.
For advertising opportunities, please send an email to bankeronfire at gmail dot com