Tim’s Top Links – 3/27/19

I promise to stop talking about the MLB every morning once the season gets started, but watching videos of rookies finding out they made the MLB roster is such a heart-warming thing every year.  All of the hard-work finally pays off for them.  It’s hard to hate on that.

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

‘Reducing the Behavior Gap’ – Ramp Capital 

  • Ramp talks about the ever-present behavior gap in investing, and how he deals with it by keeping only a small portion of his assets in individual stocks, etc.

‘How Basketball Explains Diversification’ – Stephen Nelson – The Athlete Investor

  • Stephen previously wrote about how basketball explained asset allocation, but that allocation is nothing without proper diversification.  Enter: this new post!

‘Multiples Are Not Valuation’ – Michael Batnick – The Irrelevant Investor

  • People always want short-cuts, especially with investing.  As Michael describes, ratios are not a fundamental hack to use to your advantage.

‘Benign Myths in Financial Advice’ – Phil Huber – BPs and Pieces

  • There are plenty of myths surrounding the financial markets.  Some more harmful than others.  Phil outlines some benign myths in his latest post.


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