What I have been reading - 30th September 2019
At what point does malfeasance become fraud?: Have you been following the WeWork saga? If so, you will love this article from Scott Galloway, professor at NYU Stern School of Business.
Investing for the elite: Low-cost index funds have enabled 'Mom and Pop' investors to outperform the most sophisticated asset allocators who still insist on owning 'alternatives' despite all the evidence that shows they fail to deliver a return above that of the market.
Podcast: Shane Parrish interviews Rory Sutherland: Rory is Vice Chairman of Ogilvy & Mather Group, one of the largest advertising agencies in the world. I loved this conversation and laughed out loud quite a few times. Rory is hugely entertaining with a real insight into human behaviour. His choice of language is particularly entertaining so perhaps don't listen to this one with the kids in the car. Next on my reading list is his book 'Alchemy' which has been recommended in my Twitter feed too many times to count.
What really happens when you become an overnight millionaire: A man who sold a business for $600m tell his story of how he is trying to create the conditions of 'struggle' in his life, because that's what made him successful in the first place.
Lifestyle Creep: the biggest threat to financial planning: Lifestyle creep is pervasive in Cayman. You earn more, you spend more. This is a brilliant article that explains why it matters and how to combat it.