These are some of the investing resources that I use and that I think other investors will find helpful. I consume a ton of investing content, but I will only share what I find to be exceptional. This is a list that will evolve as I discover other resources worth sharing. There’s no wrong place to start. You can pick up any of the items below that sounds interesting to you, and then go back and forth to maintain some variety in the content you’re consuming. Using multiple sources provides the advantage of multiple viewpoints, which will make the learning process more effective. I have been studying for years, and I continue to discover more to learn every day.
Put differently, I am compiling a list of aha moment triggers.
If you have an investing resource you’d like me to comment on, let me know and I’ll be happy to take a look.
We Study Billionaires – The Investors Podcast
This podcast will provide an excellent foundation for your investing knowledge. Start with episode 1 and listen to at least the first 10 episodes. You won’t regret it. This is some of the best material you can get on the topic of value investing and it’s completely free.
The show also includes reviews and summaries of books, and they pretty much read the books so you don’t have to. In fact I was going to recommend some books (such as The Intelligent Investor, Black Swan, and Margin of Safety (Margin of Safety is not affordable)) on this page but The Investors Podcast covers all of these!
This is an excellent resource I cannot recommend enough. I have linked to the site above but you can also get the podcast on your phone and listen in your car or on podwalks (term borrowed from Mikael Syding (see below)). I’m all about the car and podwalk listening. Definitely start at the beginning. So excellent.
Bloomberg YouTube Channel, Website, and App
I watch Bloomberg TV Markets and Finance on YouTube to stay current on financial news. I also listen to Bloomberg Audio and watch shows via the Bloomberg App on my phone and TV. I find this be the highest quality news coverage out there for staying on top of current events in the financial markets. A weekly show that I like is Bloomberg Real Yield. The main Bloomberg site is also great.
Adventures in Finance Podcast
This is another excellent podcast containing interviews with some of the brightest minds in finance. There is a regular segment in the show called Things I Got Wrong, in which some of the superheroes of finance explain their biggest mistakes. So many lessons to be learned in this one. Superb car and vacation listening.
Mikael Syding provides a truly unique perspective from a former hedge fund manager. If you like podcasts like I do, listen to his interview on Chat with Traders. It is a fascinating account.
I recommend spending some quality time on Mikael’s website and signing up to download his free book. It’s one-of-a-kind. His brain is on another level. I find his thoughts and posts to be deeply revealing of various facets of finance and the world at large. It’s worth checking out, just be forewarned, it’s unique. Make sure to check out the About page.
Noteworthy and/or Inspiring Interviews/Items
How the Economic Machine Works by Ray Dalio: This is a must watch for anyone seeking to improve their understanding of the economy. You may want to watch it, try some of the other resources on this page, and then rewatch it. It’s by Ray Dalio, one of the best if not the best hedge fund manager ever.
Francesco Filia: Positive Feedback Loops Threaten Systemic Risk Escalation: This is the November 22, 2017 episode of Macro Voices. The transcript is here. You can also download the mp3 on the Macro Voices site or get it on your preferred podcast device. The interview guest is brilliant, and makes some important points about market crisis catalysts. I will be looking for more from Fasanara Capital. Make sure to listen to the post-game segment segment as well. Kevin Muir of The Macro Tourist discusses the risk of the short volatility trade with the Macro Voices hosts. Very important stuff.
Bill Gross on Jerome Powell as Fed Chair and Bond Yields: Bill Gross always has something insightful to say. This short interview is quite dense. Note what Bill Gross says at the end about how the Republicans have flip-flopped from being deficit doves to deficit hawks. Many people have either forgotten this fact or are unaware. Look for more from him. He’s not a billionaire by accident. Fortunately, he’s a regular on Bloomberg.
Jack Bogle slams ‘FANG’ investing, warns traders: Jack Bogle, the founder of Vanguard rips apart the false concept of “money on the sidelines”, which is one of my pet peeves.
Principles: Life and Work by Ray Dalio
Ray Dalio’s Principles (which I listened to on Audible as one of my freebies), is perspective-altering. It may be the best investment book, and book, period, I’ve ever read, and it isn’t even Ray Dalio’s book on economics and investing, which is forthcoming. I’m going to be re-reading this. When I find something this good, I need to get all the value from it.
The Big Short
The Big Short is spectacular and worth watching a few times over. The movie does a great job of making the complex issues involved in the financial crisis accessible through outstanding acting and humor. It is an enlightening must-see for those interested in the financial markets. We need more movies like this, which will teach us while keeping us entertained!