Where do you get your information? Favorite blogs/sites/resources?

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dalbright
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Where do you get your information? Favorite blogs/sites/resources?

Post by dalbright » Sun Nov 18, 2018 11:04 am

I've always been one to love continued learning. Between this site as well as the morningstar forums and the suggested readings books I feel like I have learned so much more about the markets and diversified investing. I recently found the pimco education series on their webpage when looking into PIMIX and it got me thinking, what other resources do you like to reference besides the aformentioned. I don't want to get my financial "news" from cnbc etc but do like to stay informed and learn not just what is going on but why and what it means. Looking for freely available sources only to help broaden my knowledge base. Please add anything you've found helpful in the past and going forward!

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nisiprius
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by nisiprius » Sun Nov 18, 2018 11:12 am

By far the two most common data resources I consult are Morningstar and PortfolioVisualizer. I also consult a physical book, the Ibbotson 2015 Classic Yearbook (it costs about $300 so I buy them used and don't buy them every year!), the Ken French data library, and Robert Shiller's "irrational exuberance" data page.

For learning and understanding, at this point, my favorite resource is to, first, read postings here in this forum, and then, second, go and read the articles mentioned in the discussions.

A lot of the time I seem to end up with papers available at no cost at the SSRN (Social Science Research Network) site. Occasionally, I look up serious academic papers in a service called JSTOR, which is available to me through my local public library.

I'm too lazy to give the actual links for these resources; Google searches will pull them up quickly from the names.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

dalbright
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by dalbright » Sun Nov 18, 2018 11:21 am

Awesome, thanks! Hoping to add a lot of new bookmarks soon!

lack_ey
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by lack_ey » Sun Nov 18, 2018 11:52 am

Well, you can definitely expect asset managers to put their own spin on understandings or "understandings" if you will sometimes, perhaps based on faulty assumptions or models, and be biased to a certain philosophy. That said, they can have some decent material, sometimes good.

I don't know if I'd go to PIMCO first, but some others I'd heard of or at least read one useful thing from before also include Oaktree / Howard Marks (more traditional), Vanguard, AQR (quant), Research Affiliates (quant), Alpha Architect (quant), T. Rowe Price (more traditional), among others.
https://institutional.vanguard.com/web/ ... ommentary/
https://www.aqr.com/Insights
https://www.oaktreecapital.com/insights
https://www.researchaffiliates.com/en_u ... tions.html
https://www.pimco.com/en-us/insights
https://alphaarchitect.com/research-category-list/
https://www4.troweprice.com/gis/institu ... ights.html

This is much less frequent, but some here are huge Warren Buffett fans for whatever reasons and the annual shareholder letters have some relevant opinions:
http://www.berkshirehathaway.com/letters/letters.html

Philosophicaleconomics has some good articles but it's been much less active in 2018:
http://www.philosophicaleconomics.com/

Check Prof. Damodaran's blog (NYU) for something on investing with a focus a little more on corporate finance and valuation:
http://pages.stern.nyu.edu/~adamodar/

Prof. Cochrane (Stanford, previously at U of Chicago) also has a blog:
https://johnhcochrane.blogspot.com/

If you want something a bit more focused on individual investors (and issues specific to them), maybe more accessible, there's Mike Piper's Oblivious Investor site and Ben Carlson's A Wealth of Common Sense:
https://obliviousinvestor.com/
https://awealthofcommonsense.com/

I would also second everything nisiprius mentioned above, and not as subordinate to the above.

All of that plus what you find on SSRN or any journal papers, etc., should give a decent perspective across investment shops and academia.

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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by Mr.BB » Sun Nov 18, 2018 11:58 am

Morningstar
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

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randomizer
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by randomizer » Sun Nov 18, 2018 12:13 pm

I'm not interested in news, beyond what I get here. Everything I would care to read is in books, or makes it there soon enough. Being good enough to get published is a small filter that at least keeps out (some of) the worst stuff.
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Earl Lemongrab
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by Earl Lemongrab » Sun Nov 18, 2018 2:17 pm

What information, to do what with exactly? I don't time the markets, so my need for financial information is low. Really just a daily read of the forum is more info than I need. Sometimes I look at fund performance for issues that come up on the forum. Morningstar is where I go for that.

Most of my quest for information I have falls into: general curiosity (are dogs really colorblind?*), product information for something I need to buy (what's a good price and seller for tires for the Venerable Bronco?), or specific how-to (let's find a good recipe for a chocolate pie for Thanksgiving).

* To an extent. Dogs have only two types of color receptors in their eyes, versus three for humans. They are like people with red-green colorblindness. It's not true that they see in gray shades.
This week's fortune cookie: "Your financial life will be secure and beneficial." So I got that going for me, which is nice.

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Random Musings
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by Random Musings » Sun Nov 18, 2018 2:26 pm

St. Louis Fed FRED for various economic data.

M* and Ibbottson as mentioned before.

RM
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2015
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by 2015 » Sun Nov 18, 2018 2:30 pm

I've only recently concluded that one has to wade through the swamp of all manner of financial information before one gets to clear waters. So I'd recommend reading all of it. Read every last blog, site, post, discharge from the "well-respecteds", the "experts", the academics, the authors, the ones who know how to manipulate you best. Read it all. After a while you will begin to see a pattern. I personally believe that anyone who publishes this stuff has interests diametrically opposed to my own.

I only read non-fiction business books outside the field of investing, personal finance, and macroeconomics. As to blogs, I do subscribe to blogs of Shane Parrish and Tren Griffin. I'm interested in improving on faulty and frail human thinking and decision-making, not being told what to think.

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cinghiale
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by cinghiale » Sun Nov 18, 2018 2:51 pm

Too much worthwhile reading out there, too little time.

I’m immensely grateful for the Bogleheads page, as I use it to filter what’s out there in terms of economic and investment insights. Sometimes I’ll follow a recommended link back to a primary source, but usually I’m happy with the distillation of a key point or concept and the discussion of it here in the forum.

Past that, and building on what 2015 wrote above, I’m a regular listener to Sam Harris’s Waking Up podcasts. Now numbering over 140 interviews and/or events, Sam Harris interacts with some of the leading thinkers of the day. Each podcast lasts about 2 hours, and provides food for thought for days and weeks after. Also, Tyler Cowen’s Marginal Revolution page, a grand buffet of thought-provoking intellectual offerings.
"We don't see things as they are; we see them as we are." Anais Nin | | "Sometimes the first duty of intelligent men is the restatement of the obvious." George Orwell

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Tycoon
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by Tycoon » Sun Nov 18, 2018 3:00 pm

2015 wrote:
Sun Nov 18, 2018 2:30 pm
I'm interested in improving on faulty and frail human thinking and decision-making, not being told what to think.
Indeed! I second that.
Appeal to Pity:When pity is envoked to support a statement | Appeal to Popular Sentiment:Appealing to unrelated prejudices and attitudes | Hasty Generalization:Too little evidence to support the conclusion

averagedude
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by averagedude » Sun Nov 18, 2018 3:07 pm

If you want to keep up with general personal finance, check out Clark Howard's podcast. Although we have radio, tv, newspapers, books, magazines, and the internet, i exclusively get my news and education from podcasts. You can listen anywhere, there is a large scope of topics that would interest anyone, and for now there is little advertising.

WanderingDoc
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by WanderingDoc » Sun Nov 18, 2018 3:43 pm

CNN, MSNBC, and NY Times.
I'm not looking to get rich quick (stocks), I'm not looking to get rich slow (indexing), I'm looking to get rich, for sure (real estate) | Don't wait to buy real estate. Buy real estate.. and wait.

WanderingDoc
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by WanderingDoc » Sun Nov 18, 2018 3:46 pm

cinghiale wrote:
Sun Nov 18, 2018 2:51 pm
Too much worthwhile reading out there, too little time.

I’m immensely grateful for the Bogleheads page, as I use it to filter what’s out there in terms of economic and investment insights. Sometimes I’ll follow a recommended link back to a primary source, but usually I’m happy with the distillation of a key point or concept and the discussion of it here in the forum.

Past that, and building on what 2015 wrote above, I’m a regular listener to Sam Harris’s Waking Up podcasts. Now numbering over 140 interviews and/or events, Sam Harris interacts with some of the leading thinkers of the day. Each podcast lasts about 2 hours, and provides food for thought for days and weeks after. Also, Tyler Cowen’s Marginal Revolution page, a grand buffet of thought-provoking intellectual offerings.
I have religiously listened to ~120 of Sam Harris' podcasts from Day 1. Then I realized he is not as impartial and clear-headed as I thought. He leans heavily one way politically and it has really shown in the last few months. Also, I find a multi-millionaire begging for donations a bit wormy. Just my opinion.
I'm not looking to get rich quick (stocks), I'm not looking to get rich slow (indexing), I'm looking to get rich, for sure (real estate) | Don't wait to buy real estate. Buy real estate.. and wait.

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fortfun
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by fortfun » Sun Nov 18, 2018 3:49 pm

NPR (National Public Radio) added due to the required 5 character rule :)

peppers
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by peppers » Sun Nov 18, 2018 3:51 pm

I am partial to https://www.irs.gov/ and https://fairmark.com/ .

It's getting to be that time of the year.
"..the cavalry ain't comin' kid, you're on your own..."

dalbright
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by dalbright » Sun Nov 18, 2018 4:11 pm

Wow, thanks everyone! I feel its important to see and be able to recognize some of the names and sites as there are so many sources available today and to help decipher the quality from the fluff. I trust the judgement of many here to point me in a good direction. It was refreshing to finish books by Ferri, Swedroe, those that contributed the various Bogle-based books, etc and then come to find that they are also regulars on the forum as well. I would rather look into these resources and learn something new even if it doesn't affect my investing views than on facebook! Bogleheads provides a time efficient clif notes version for sure though.

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cinghiale
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by cinghiale » Mon Nov 19, 2018 1:40 am

WanderingDoc wrote,
“I have religiously listened to ~120 of Sam Harris' podcasts from Day 1. Then I realized he is not as impartial and clear-headed as I thought. He leans heavily one way politically and it has really shown in the last few months. Also, I find a multi-millionaire begging for donations a bit wormy. Just my opinion.”
I’m not sure these are good reasons to stop listening, or to throw out a caution to others about giving the podcasts a try. Harris is quite clear about wanting to keep the podcasts free of advertisements, and invites the listener to forward the recording ten minutes along if s/he wants to skip the spiel. And if he is, in fact, a multimillionaire, is he supposed to self-finance this project? I find the net worth issue irrelevant. If he’s putting time and effort into it, seems like some subscription support is warranted. Finally, Harris is very transparent about his political stands and convictions. One can benefit from the interviews while not needing to agree with the social or political stances of the host.

With over 140 podcasts now, you have twenty of so to catch up with! :happy
"We don't see things as they are; we see them as we are." Anais Nin | | "Sometimes the first duty of intelligent men is the restatement of the obvious." George Orwell

fennewaldaj
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by fennewaldaj » Mon Nov 19, 2018 2:08 am

To the list of asset managers writings that are sometimes good I would add O'Shaughnessey asset management. Quantitative factor based stuff. They have done a couple collaborations with the writer of philosophical economics this year
https://www.osam.com/

Morgan Housels writings on the collaborative funds (a VC firm) page are usually excellent. They frequently to focus on the behavioral side of things.

https://www.collaborativefund.com/blog/

balbrec2
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by balbrec2 » Mon Nov 19, 2018 9:09 am

WSJ and Bloomberg.

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Top99%
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by Top99% » Mon Nov 19, 2018 9:51 am

ERN - https://earlyretirementnow.com/ - The 20+ SWR (safe withdrawal rate) articles can be like drinking from a firehose to consume but I find some of the information valuable.
The Retire Early Home Page - http://www.retireearlyhomepage.com/chronidx.html - I like the real life retiree investment returns such as the most recent one: 2017 Update: Real-Life Retiree Investment Returns
Adapt or perish

dalbright
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by dalbright » Mon Nov 19, 2018 2:21 pm

You guys/gals are sure going to keep me busy now! Thanks!

fujiters
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by fujiters » Mon Nov 19, 2018 4:58 pm

Every so often, kitces.com will have an astoundingly informative blog post.
“The purpose of the margin of safety is to render the forecast unnecessary.” -Benjamin Graham

smectym
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by smectym » Mon Nov 19, 2018 11:42 pm

WSJ, FT, and Spectator (UK).

But don’t neglect zerohedge: though for most bogleheads too much to take, amidst all the doom porn and Russian disinformation lurk some informative nuggets.

For international affairs try ISW (Institute for the Study of War). Neocon but very factual and highly informative and reliable.

RealClearMarkets is so-so, relying on middlebrow MSM content, but it has a “pro and con” model (an article espousing one dogma or verity countered by an opposing piece) that at least encourages some level of debate and an acknowledgement that “yeah, there probably ARE 2 sides to this issue.” For those who proudly declare that they rely exclusively on TV news, this site might be an incremental improvement.

Avoid SeekingAlpha. Lowbrow, paid-by-the-word (or by the hit, who knows) thrice-recycled mush.

Smectym

Sage16
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by Sage16 » Mon Nov 19, 2018 11:54 pm

I read a good old fashioned daily paper copy of the wall street journal with my morning coffee.

oxothuk
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Re: Where do you get your information? Favorite blogs/sites/resources?

Post by oxothuk » Tue Nov 20, 2018 1:03 am

fujiters wrote:
Mon Nov 19, 2018 4:58 pm
Every so often, kitces.com will have an astoundingly informative blog post.
+1

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