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Greatest Asset Bubble of all Time, and the Tyranny of Small Debts

Here are the best of the best reads that I found last month. Enjoy.

Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.

Ayn Rand

Finance, Stock Market

  • Was the stock-market boom predictable? (Project Syndicate, Robert Shiller) “There seems to have been an overreaction in the US to a temporary drop in earnings. S&P 500 earnings per share had been negative (a very rare event) in the fourth quarter of 2008 (…)” @ProSyn
  • Why your luxury car is unlikely to materially boost your happiness (Abnormal Returns)
  • Auction Guarantees: Changing everything. (Bloomberg) @business
  • A Visual History of the Largest Companies by Market Cap (1999-Today) (Visual Capitalist) @VisualCap
  • The Greatest Asset Bubble of All Time (ofdollarsanddata) @dollarsanddata
    Similar to this post, both The Dutch Tulip and Bitcoin are considered the two greatest bubbles of all time in my poll. +2500 Views.
  • When All You Feel is Reward (the irrelevant investor)
  • The tyranny of small debts, compounded (Seths)

General Articles

  • Mark Zuckerberg vs Winklevoss Twins (Vanity Fair)
  • Uber black launches quiet driver mode (TechCrunch)
  • 11 things Amazon shut down without you noticing (The Verge)
  • Sunscreen: Europe vs US (Medium)
  • 7 Questions that could change your life (Mark Manson) “(…) my brother was 18, he waltzed into the living room and proudly announced to my mother and me that one day he was going to be a senator.” @IAmMarkManson
  • “Porto Santo Island has begun testing a scheme in which the batteries in electric vehicles are charged by solar power during the day but at night return spare energy to the grid to power people’s homes.” (BBC)
  • Exercise makes you happier than money (Business Insider)
    “The scientists found that while people who exercise regularly tend to feel bad for 35 days a year, nonactive participants felt bad for 18 days more.”
  • 5 Ways to Project Confidence in Front of an Audience (HBR)
  • Ted talk of the month

History

  • The worst blizzard in Kansas: 1886 (History)
  • A trading map of Europe, Asia, and Africa in the 11th and 12th centuries (kottke)
  • Belgian monks and a 220-year-old beer (The Guardian)
  • In 2001, a smugglers’ yacht washed up in the Azores. The island of São Miguel was flooded with cocaine (The Guardian)
  • Why some civil war soldiers glowed in the dark (MentalFloss)

Procrastination

  • The Procrastination Doom Loop—and How to Break It (The Atlantic)
    “One study in their paper asked consumers to open a savings account within six months. One group was given a December deadline in June and a second group was given a January deadline in July. Although each group presumably contained a similar number of procrastinators, significantly more people in the first group chose to open their account immediately. When the deadline was a calendar year away, people were more likely to rationalize that they could put it off.”
  • Why People Wait 10 Days to Do Something That Takes 10 Minutes (The Atlantic)
  • Some travelers love being late (The Atlantic)
Statistic: Quarterly growth of the real GDP in the United States from 2011 to 2018 | Statista
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About GTRetire

GTRetire is the founder of GrowtoRetire, a blog about financial independence and early retirement. Click here to learn more about starting a blog! Also, this post may contain affiliate links, please read the disclaimer for more info.

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