The Illusion of Control
This week we discuss how recent world events reminded us of how little control we have in life and how that impacts our investing. We also talk app downloads and the resurgence of a tech dinosaur.
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
The Illusion of Control: Recent global events have got us thinking about how little of our life is within our control. The “Illusion of Control” is a common human bias, and we take a look at how it permeates into our investing habits and actions. Click here to read our blog post on the subject.
Farrer Fun Fact
Is Facebook dead? Despite the common assumption that Facebook is dying social media network for boomers, its properties still dominate app download stats. In July 2021, 4 out of the top 5 downloaded apps globally were all owned by Facebook.
Articles and Videos of the Week
People counted Michael Dell out when he took his eponymous company private in 2013, but his resurgence has been spectacular. This article about his shrewd deal making was a great read.
This “Common Stock Checklist” is a useful collection of questions you should answer about a business before investing in its stock. While not all of it will apply to today’s environment, its definitely worth considering.
Similarly, this blog post, takes 100 to 1 by Thomas Phelps and lays it out in 95 points on how to invest in stocks. While I didn’t agree with all of it, I did agree with most.
Most people are “first-level thinkers” - implying they draw the most obvious conclusions about a situation. This post helps you become a more complex thinker and have better judgment about anything.
One for the folks in Singapore. This post tracks the performance of the various local robo-advisors over the past year.
Ok last one on Facebook. They company announced their beta for Horizon Workrooms - a VR based meeting platform. Check out the demo video here.