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.