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Good reads 11/23
Three things I enjoyed reading and I'm sure you will too: Seth Godin - High Fidelity: Simple promises that are easy to keep can become incredibly powerful because most can't keep them. Ben Carlson - 24 Things I Believe About Investing: Beliefs are important, give them...
Plain sailing?
“Do-It-Yourself”, in certain circumstances, is probably a sensible approach for both sailing and financial planning. For example, you don’t need much outside help to pootle about on a pond nor to set up a simple investment account with your first pay cheques. There...
Musings 15/11
My grandad... ........smoked 40 a day and lived to 90. And it's true. It's a fact. But most that lived to 90 didn't. Be careful how you interpret the evidence you have. We have to do something about this.... Do you? Really? What happens if you don’t? How do you...
The cost of inheriting
Introduction The following blog outlines the experience of two Town Close clients who have recently lost people close to them. Part of the Town Close Legacy series, it details the experiences of Mel and Tony Hirst and is written in the hope that it will be useful to...
Overvalued?
Just because something is "overvalued" compared to the past doesn't mean it won't remain so. Things can take a long time to get back to average, and in that time they change the average. And who's to say that whatever seems "overvalued" today wasn't simply chronically...
Musings 1/11
Signs When you're lost everything is a sign. Angles Don't get shouty or angry or whatever.... Think, what if I looked at it from this angle... Real skill What's the real skill of an artist? The work itself? Or the willingness to show the work? One takes guts, the...
TCFP101: Charlatanism
Successful investing is not the dark art you might think it is. There are many vested interests that hope you continue to believe successful investing is beyond you. For a percentage of your wealth they will happily bamboozle and scare you into thinking that they are...
Musings 18/10
Waiting What are you waiting for? If you really want to do it get on with it. The rewards can come later. However if all your ducks have to be lined up before you act - the dream job, for good money, in the right location - then you're hobbling yourself before...
Good reads 10/23
Three things I enjoyed reading and I'm sure you will too: Tim Harford - The UK is doing a shoddy job keeping up with its neighbours: 35 years ago Poland was a communist country. On current trends Poland's GDP per head will be higher than the UK's in the not too...
A Nonsense Response To Bad Forecasts
Talk about “doubling down” (see here) - it seems the Bank Of England believes that the problem does not lie with the impossibility of accurately forecasting anything, but with their forecasting (in)ability. There may well be varying degrees of incompetence at the Bank...
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