Reflections on the week that’s passed.
As we navigate the whirlwind of Christmas and the impending arrival of a new year, it’s natural to ponder the passage of time. Is it truly flying by at an unprecedented pace, or are we simply falling prey to the cliché that time speeds up as we age? Perhaps the relentless pace of modern life, with its multitude of distractions and obligations, is to blame for our perceived lack of downtime.
For those of us who grew up in the pre-internet era, the concept of waiting for entertainment or information seems almost quaint. I recall pouring over the Radio Times with great enthusiasm, meticulously circling the TV shows and movies I couldn’t miss, and then patiently waiting for them to air. Although nostalgia can be a powerful force, it’s essential to acknowledge that the past had its drawbacks – like having to wait for the library to open to conduct even the most trivial fact-check.
In today’s always-on era, boredom is a rarity for someone like me, who thrives on a constant stream of information. However, this perpetual connectedness comes with its downsides, such as the struggle to disconnect and relax. I consider myself relatively well-adjusted, given that I sleep with my iPhone in another room and keep it on silent mode, avoiding the temptation to scroll through Whatsapp chats under the covers.
One of the benefits of taking a step back from family and friends to focus on my work is that I can curate a list of interesting links to share with you. If you’re looking for a break from the usual Christmas festivities, the next 30 minutes of investing insights and news might be just what you need.
We’ll be back on Saturday, January 3, but until then, I wish you a fantastic weekend and a Happy New Year. May your investments perform well, your letters from HMRC contain only positive surprises, and any speculative endeavors pay off just enough to be enjoyable – but not enough to encourage reckless behavior.
Little link list
From Monevator: How to be a 5:2 investor, a strategy that could help you achieve a better work-life balance while still making progress towards your financial goals.
News
The UK government has announced plans to modify its inheritance tax policies for farms, a move that could have significant implications for rural landowners and the broader agricultural sector. BBC
The spring budget date has been revealed as March 3, an event that will likely have a substantial impact on the UK’s economic landscape and provide valuable insights into the government’s fiscal priorities. Sky
Boxing Day sales have been less than impressive, suggesting that consumer spending habits may be shifting in response to economic uncertainty and changes in the retail landscape. BBC
A recent report from the ONS has confirmed a slowdown in the UK’s economic growth during the third quarter, a trend that could have far-reaching consequences for businesses, investors, and individuals alike. Yahoo Finance
Certain cultural works, including those featuring Betty Boo and Nancy Drew, will be entering the public domain in 2026, a development that could lead to new creative opportunities and fresh interpretations of these beloved characters. NPR
A recent study has found that Britons are less well-off than they were in 2019, a concerning trend that highlights the need for individuals to reassess their financial priorities and seek out effective investment strategies. Sky
Products and services
For those seeking to optimize their banking experience, it’s essential to explore the various perks and benefits offered by different institutions. Which
Interactive Investor is offering up to £3,000 in cashback for new customers who open or switch to a SIPP, a potentially lucrative opportunity for those looking to boost their retirement savings. Interactive Investor
When shopping in the sales, it’s crucial to be mindful of potential pitfalls and take steps to protect yourself from unnecessary risks. Which
Extending a short lease on a flat can be a costly and complex process, but there are ways to navigate this challenge effectively. This Is Money
Charles Stanley Direct is offering up to £1,500 in cashback for new customers who transfer their investments, a potentially attractive option for those seeking to consolidate their portfolios. Charles Stanley
The TV streaming landscape is undergoing a significant shift, with many viewers opting for ad-supported services over traditional subscription models. Guardian
A thorough review of the American Express Platinum card has highlighted its numerous benefits and perks, making it a compelling choice for those seeking a premium credit card experience. Be Clever With Your Cash
For those seeking inspiration for their dream home, a recent gallery featuring stunning properties for sale is sure to spark some ideas. Guardian
Comment and opinion
A thought-provoking discussion has emerged about which historical figure would have made the best investor, with some compelling arguments in favor of unexpected candidates. FT
A recent article has highlighted the importance of considering overlooked risks in investment portfolios, a crucial aspect of effective risk management. Of Dollars and Data
The rationality of Britons’ affinity for premium bonds has been called into question, sparking a fascinating debate about the role of emotions in investment decisions. The Economist
Morgan Housel’s poignant reflections on the quest for a simple life serve as a powerful reminder of the importance of living intentionally and cultivating a sense of contentment. Collab Fund
As we look to the future, it’s essential for landlords to stay informed about the latest developments and trends in the property market. Which
Retirement can be a fulfilling and happy chapter in life, but it requires careful planning and attention to key factors that contribute to a sense of well-being. The Retirement Manifesto
A evidence-based approach to gift giving can help ensure that our presents are both thoughtful and effective, rather than simply indulging in frivolous consumption. Klement on Investing
A candid discussion about the importance of honesty and transparency in private equity has highlighted the need for greater accountability and integrity in the industry. Robert’s Substack
US tech valuations mini-special
A bearish perspective on tech stocks has emerged, citing concerns about overvaluation and the potential for a market correction. Morningstar
However, it’s essential to avoid falling prey to cognitive biases, such as Maslow’s Hammer, which can lead to overly simplistic or misguided investment decisions. Chart Kid Matt
Naughty corner: Active antics
A fascinating analysis of Warren Buffett’s early letters has revealed valuable insights into his investment philosophy and approach. Morningstar
The search for market wisdom is an ongoing quest, with many investors seeking to uncover hidden gems and exploit undervalued opportunities. Flyover Stocks
The 30-year treasury bond has emerged as a surprise asset of the year, offering a potentially attractive haven for investors seeking stability and predictability. Reuters
A disturbing trend of “circular deals” in private equity has been exposed, highlighting the need for greater transparency and accountability in the industry. NYT [h/t Abnormal Returns]
Kindle book bargains
Chokepoints: How Economic Warfare is Changing the World by Edward Fishman, a thought-provoking exploration of the intersection of economics and geopolitics, is available on Kindle for £1.99. Amazon
The Five Types of Wealth by Sahil Bloom, a compelling guide to building and maintaining wealth, can be purchased on Kindle for £0.99. Amazon
Quit: The Power of Knowing When to Walk by Annie Duke, a fascinating examination of the art of quitting and its potential benefits, is available on Kindle for £0.99. Amazon
The End of Reality by Jonathan Taplin, a thought-provoking exploration of the impact of technology on our understanding of reality, can be purchased on Kindle for £0.99. Amazon
Alternatively, you can explore the Monevator shop for a selection of investing classics and other high-quality resources.
Environmental factors
The Met Office has announced that 2025 is on track to be the UK’s hottest year on record, a disturbing trend that highlights the urgent need for climate action. Sky
The US has halted offshore wind projects due to security concerns, a move that could have significant implications for the development of renewable energy sources. BBC
Robot overlord roundup
A thought-provoking discussion about the progress of AI has highlighted the need for greater awareness and understanding of the potential risks and benefits associated with this rapidly evolving technology. Dwarkesh Patel
The role of AI in medicine is a topic of increasing interest, with some arguing that it could revolutionize healthcare, while others raise concerns about the potential risks and limitations. Aeon
A bubble in AI has been identified, with some arguing that the hype surrounding this technology has exceeded its actual potential. Gary Marcus
A concerning trend has emerged, with some arguing that AI is taking us back to the dark ages, rather than propelling us forward into a brighter future. Guardian
Not at the dinner table
A critical examination of MAGA’s policies has revealed a troubling trend of undermining jobs in manufacturing, a development that could have far-reaching consequences for the US economy. Paul Krugman
A recent announcement by Trump has sparked controversy, with some arguing that it represents a misguided attempt to promote a particular ideology or agenda. BBC
A scathing critique of the US has emerged, with some arguing that the country has fallen short of its moral and ethical obligations, both domestically and internationally. Roger Lowenstein
A disturbing trend of “industrial-scale” pardons has been exposed, highlighting the need for greater transparency and accountability in the US justice system. FT
Off our beat
A major incident has been declared after a giant hole appeared in a Shropshire canal, a development that could have significant implications for local residents and the environment. BBC
A fascinating account of one writer’s experience learning Welsh has highlighted the importance of language and cultural heritage in shaping our identities. The Yale Review
A poignant reflection on the art of walking has emerged, reminding us of the importance of slowing down and appreciating the world around us. The Sun
A thought-provoking discussion about the return of the “weirdo” has highlighted the need for greater acceptance and inclusion of those who don’t conform to societal norms. The Honest Broker
A heartwarming account of how bridging the generation gap can help alleviate loneliness has emerged, highlighting the importance of intergenerational relationships and community. BBC
A compelling argument has been made for the importance of beauty and aesthetics in our lives, reminding us that these aspects of human experience are essential to our well-being and happiness. Palladium Magazine
A critical examination of Las Vegas has revealed a troubling trend of over-reliance on tourism and entertainment, a development that could have significant implications for the city’s long-term sustainability. Silver Bulletin
And finally…
“I love the concept of mental liquidity. It’s the ability to quickly abandon previous beliefs and strategies when the world changes, you change, or when you come across new information.”
– Morgan Housel, The Art of Spending Money
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