What I read last week
Financial Markets
Everyone should be aware of how his or her own personality affects investment behavior. When you identify your key personality traits, you can tailor the investment process to maximize the probability of achieving your goals.
All investment strategies more or less rely on some kind of forecasting the development of asset prices. In my opinion, it is essential to understand when to forecast and how to assess the degree of certainty of your prediction. I try to make as few forecasts as possible and increase the degree of certainty by extending the time horizon under consideration.
The breadth of alternative investments is ever-increasing and institutional investors are looking both for current income and yield. An increasing number of asset managers are investing in the business of royalties which promises a stable cash flow profile.
Howard Marks of Oaktree Capital is one of my favorite authors regarding investment topics. In his newest article, he joins the long-discussed topic of value vs. growth investing. I agree with him that one should not only pay attention to the mere definition, but use a more agnostic approach.
Business & Strategy
Over the past years, due to government incentives, there has been an ever-increasing number of electric cars sold. In the meantime, however, the resources needed for construction are becoming scarce. A variety of companies are pushing for ways to recycle old car batteries but it will be a while before the technologies are commercially viable.
Reading & Writing
Morgan Housel shares his views on reading and writing. Although this is a quite short article, you can take away some important insights from it.