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Lessons From Nomadland
Read more: Lessons From NomadlandIn the aftermath of the 2008 financial crisis a shift occurred in how some older people lived their lives across the USA. For the most part it wasn’t a choice. It was forced. As home prices fell while jobs and savings evaporated, holding onto a house became a struggle. For some it became impossible. The keys to the house were tossed back and replaced with keys to motorhomes and modified vans. Some bristled at the term homeless, they were houseless. This older cohort went on the road, doing seasonal work where they could find it. One of the consistent…
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Greenlights & Redlights
Read more: Greenlights & RedlightsA great relationship, a newborn son, and a successful career as an actor. In 2008, Matthew McConaughey was feeling pretty good about his life in California. Then an unexpected family health emergency took him back to his home state of Texas. Of all places, McConaughey and his young family ended up renting a home in a retirement community to be closer to his mother. There he found a motley group of retirees who lived life without pretence and offered plenty of unsolicited advice about good living. The family emergency, the newborn and the experience with the seniors had him reconsidering…
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The Big Lie of Social Media Trading Coaches
Read more: The Big Lie of Social Media Trading CoachesSocial media has been blamed for being the cause of many ills over the past decade. The ability to analyse our behaviour and micro target us with advertising may become the biggest ill of all. Being able to blatantly tell lies and distort the truth to a narrow group of people is regarded as a serious problem. It’s harder to address than general advertising. If deceptive ads were more widely seen, they would be more likely to be flagged and exposed. Much of the focus to this point has been on political campaigns, but the investment world is quickly catching up.…
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December Quarter & 2020 Review
Read more: December Quarter & 2020 ReviewEconomic Overview 2020 will be a year of note in the history books. The problems started pre Q1 when spring 2019 bushfires seemed to rage endlessly in parts of Australia, extending into Q1 and contributing to one of the country’s worst bushfire seasons on record. Hot on the heels of the bushfires, the COVID-19 pandemic spread globally, becoming the largest global health crisis since the Spanish flu a century earlier. The international policy response was initially staggered and confused, but much of the world put in place some form of containment, social distancing, or economic pause in an attempt to…
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Heirlooms
Read more: HeirloomsOne of the staples of investment media and stock picking newsletters are the ‘if you had invested…’ stories. The writer will pick a well-known stock, go back to a point in time (usually the IPO) and inform us how many millions we’d have today, if only we’d invested a specific dollar amount into that stock. It’s meant to make us feel like buffoons. Why didn’t we jump aboard a stock than now seems completely obvious in hindsight? There’s even a website dedicated to the concept. Stock Time Machine. This tracks some of the largest listed companies in the US. Put…
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