Australia ranks #2 among wealthiest per person by median wealth. If we exclude very small nations, Australia ranks #1.
Here, wealth = net worth. Individual's superannuation & real assets are included in net worth. We view median ranking as more meaningful than average here.
Latest edition of "The Intelligent Investor: The Definitive Book on Value Investing" by Benjamin Graham (with Jason Zweig commentary) has released in 2024. Previous edition was in 2003.
Book: https://t.co/6mRoBC0f0L
@jasonzweigwsj#investing
"The Intelligent Investor: The Definitive Book on Value Investing" by Benjamin Graham.
A time-tested must read for anyone who is interested to learn about investing.
Book: https://t.co/Qf3bWcscxv
#valueinvesting#investing#StockMarket
"Universal Economics" by Armen Alchian, William Allen and Jerry Jordan
Economics 101 book for the involved reader. Standing tall amidst many other microeconomics books.
Book: https://t.co/locEd6X6A2
@Liberty_Fund#book
Another study: Data collected since 1972 shows that marital status and income stand out as two of the most important components of happiness in the US. Also, it shows that happiness increases with higher income bracket, and this has been consistent over the decades.
It’s a good idea to know more about the biggest achievers in active investing. Read the biography of Jim Simons, the hedge fund manager: “The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution”.
Book: https://t.co/CA0uXQG57l
Article: https://t.co/tAl1oow0hK
"The Little Book of Valuation: How to Value a Company, Pick a Stock, and Profit" by Aswath Damodaran
Good introductory book on valuation, aimed at all investors, by the famous valuation professor!
Book: https://t.co/mpKzpdVFTW
@AswathDamodaran#investing#valuation
"Geopolitical Alpha: An Investment Framework for Predicting the Future" by Marko Papic
Book: https://t.co/YDWCJOUVwf
A distinctive book exploring the effect of geopolitics on investing. Readers are expected to know the basics of investing.
@Geo_papic#investing#geopolitics
Milestone in the US: Passive fund net assets surpassed those of active funds for the first time ever!
QuietGrowth is happy to be part of this journey of passive funds since the launch of QuietGrowth Portfolios in October 2015.
#indexinvesting#roboadvisor#investing
"Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever" by Robin Wigglesworth
Book: https://t.co/PvEFMTPKSX
Informative book on the origin of index funds which helped long-term investing. Conveyed as an entertaining story.
#investing
We love how this graph shows the healthspan-lifespan gap of an individual. This insight is important for long-term investing and retirement planning.
Though the data in this WSJ graph is from the US, the wide healthspan-lifespan gap is applicable to all the developed countries.
"Patient Capital: The Challenges and Promises of Long-Term Investing" by Victoria Ivashina & Josh Lerner
Book: https://t.co/bwVpTSy7Vx
Well-researched book on long-term #investing of investors who are pension funds, sovereign wealth funds, and wealthy individuals & families.
"The Missing Billionaires: A Guide to Better Financial Decisions" by Victor Haghani and James White
Book: https://t.co/ixoJHHQjXp
An astute, new book that helps readers take important lifetime financial decisions on investments in a systematic manner.
#investing