I did something I rarely do last night: watch an NBA game. It was a really interesting, fun to watch game, but it really got me thinking about the power of momentum.
By winning that game last night, with the series headed back to Golden State, the Warriors were able to swing the momentum into their favor so quickly. Just a nice reminder that things can change quickly, and when you least expect it.
Here’s what I’ve been reading this morning:
’10 Things People in Finance Should Never Say’ – Barry Ritholtz – Bloomberg
- This list could’ve easily been 100 things long, but Barry hit the nail on the head with these 10 things that should be stricken from financial vocabulary.
‘Watching Paint Dry’ – Blair duQuesnay – The Belle Curve
- If you haven’t noticed, the market is essentially where it was a year and a half ago, but how often does the market move sideways? Blair breaks it down for us.
‘What’s Next for Smart Beta?’ – Dave Nadig – ETF.com
- The math behind some of the smart beta products available is truly incredible, but is it really a good thing for individual investors to understand? Dave proposes what should be next for the smart beta space.
‘Being Wrong When You Get it Right’ – Nick Maggiulli – Of Dollars and Data
- Investing is hard. Making a call on a stock/fund can be right on the money in the short term, and still turn out to be so wrong in the long term, or vice versa.