Tim’s Top Links – 12/23/19

Yesterday wrapped up my first season as a Jets season ticket holder.  They beat the Steelers 16-10 in a great game!

Being a season ticket holder this year was a great lesson for me financially in “spending on what makes you happy”.  It was okay for me to spend money on these tickets because it brought me a lot of joy.  But because I had invested in these tickets, I also cut back spending on things that DIDN’T bring me joy.

Here’s what I’ve been reading this morning:

‘Tis the Season for 2020 Market Forecasts’ – Mullooly Asset Podcast

  • In last week’s podcast, Brendan and Tom discussed the futility of making market forecasts for the upcoming year.

‘Not Stupid Wins’ – Bob Seawright – Above the Market

  • Using some wonderful comparisons to the NFL, Bob illustrates how avoiding a mistake often helps more than being smart.

‘What Big Stock Market Returns in 2019 Mean for 2020’ – Ben Carlson – A Wealth of Common Sense

  • Ben takes a look at the market data for returns in the year following such a big up year in the market like 2019.

‘The Illiquidity Discount?’ – Cliff Asness – AQR

  • Most people think being illiquid is a bad thing, and should be offered a premium for it, but Cliff raises the question of what if that line of thinking is actually backwards?


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