Nobody likes Facebook
This week we discuss how Facebook should/is changing its DNA, illustrate how costly covid was for Singapore, and talk innovations in the payment space.
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
Nobody likes Facebook -
After the recent uproar over WhatsApp’s changes to their terms and conditions, we got to thinking about how it seems that the walls are closing in around Facebook, and how it must transform in order to thrive, because for now, nobody likes Facebook. Click here to read our latest blog post.
Farrer Fun Fact
A break the piggy bank year - The above image shows how the usually fiscally prudent Singapore government was forced to break with tradition in a most unusual year, and ran a budget deficit of 16% of GDP. (source: posted by @Fritz844)
Articles and Videos of the Week
In a market where most participants are living/dying by their daily and monthly returns, the Collaborative Fund wrote this insightful post into the long-term power of compounding.
Kamran Zaki, the COO of Adyen, penned this post about the changes to payments in 2021. What was once revolutionary, will now be mainstream.
George Vanderheiden who used was one of the top fund managers at Fidelity, retired right before the 2001 dotcom bubble burst. In this homage, Gavin Baker discusses what he learned from the great investor about bubbles, fund management, an client alpha.
You probably already read it, but Howard Marks’ latest memo is a great reminder about how you’re never too old or too experienced to change your mind and adapt your investing process.
In an end of an era, Jim Simmons, the man who solved the market, steps down after not being able to solve the riddle about the wide divergence in the returns of his funds. Click here to read the news.