This week we share a podcast about why we started Farrer, discuss Clubhouse's bear thesis, and highlight appropriate benchmarks.
Dear Clients and Friends of Farrer Wealth Advisors, we are pleased to bring you the Farrer Wealth Biweekly Blast, which includes our latest blog posts, fun facts, and general articles we find interesting. Happy reading and happy investing!
Latest Blog Post
Compounding Curiosity: This week, we take a break from our regular programming and invite you to listen to a podcast on which I was a guest. Hosted by Australia-based Kalani Scarrott, Compounding Curiosity is a weekly podcast featuring an interview with an accomplished (says Kalani) guest where they discuss the guest’s area of interest in detail.
I spoke with Kalani about why I started Farrer Wealth, the complexities of running an asset management business, and my fundamental life philosophies. It was a reflective experience for me, and I thoroughly enjoyed sharing my motivations and future outlook on the show. If you’re curious about what we do, and why we do it, please do give it a listen. I’d love to hear your thoughts!
As always, happy investing!
Farrer Fun Fact
The sleep effect: For those in Asia, the autumn shift due to daylight savings means staying up later to trade US markets. For those in the US the bigger shift happens in March, when they loose an hour of sleep, resulting in significant impairment in cognitive abilities. The chart above illustrates how accidents skyrocket after losing an hour of sleep and how they decline after gaining an hour. Further, the shift forward also has an effect on stocks as markets around the world see below-average returns on the first Monday of the change. (source)
Articles and Videos of the Week
We missed this when it first came out, but this writer nailed the bear thesis on Clubhouse. It’s also written in a hilarious and thought-provoking way.
Part 3 of this epic series on Sea Limited is out. This edition covers Sea Money, a fascinating but tough to value business.
How to make 20x on your money… after a 96% drawdown. We loved this post about how an investor rode Antero Resources down 96% only to see it move up 27x in 18 months. The first part is more about the story and the second part is more about the company.
Interested in investing in Coinbase? Well the talented Philip Kor and Fred Liu published their long-thesis on the company. Warning, its lengthy, but you can read the first few pages and the conclusion on page 62 to get a gist. Our favorite part was the implications of Coinbase being both the broker and a marketplace.
We talked about this a bit on our podcast, but understanding Internal vs External Benchmarks is paramount for investing (and for personal growth).