Friday, May 29, 2020

This week's interesting finds

Don’t get caught in a wheel of missed fortunes
Before making decisions about your financial future, check whether what you expect matches reality.

US suburban house prices
For the first time since 2007, the survey shows stronger price gains in suburban regions than in rural or urban ones.

The world of rice
Source: Food and Agricultural Organization of the United Nations

Closing tax loopholes may come first, especially in a post-COVID world

The book-to-price dispersion among the largest 1,000 US stocks is at record levels. If we use price-to-book multiples, the gap between the cheapest and most expensive has touched even greater heights than during the dotcom boom:

CFA Institute Virtual Conference: Annie Duke and Morgan Housel
Annie Duke and Morgan Housel talk about demanding certainty in times of uncertainty: 
 - Rather than demanding certainty, take the broadest view of possibilities and their probabilities
- Doing well over the long term is not about being right all the time and finding the right answer, but about being able to survive amongst the broadest range of outcomes
- Humility about what you don’t know and can’t predict is important for doing well as an investor in the long term
- People tend to think in binary terms: a decision is either right or wrong. But you can also make great decisions and have a bad outcome and make great decisions and have bad outcomes.