Practical analysis for investment professionals
06 February 2015

Weekend Reads for Finance Pros: Buffett Wisdom, Grit, and Poetry

Posted In: Weekend Reads

I read some smart advice this week, courtesy of Marc Andreessen: “You want to have as much ‘prepared mind’ as you possibly can. And learn as much as you can about as many things, as much as you can.”

Here’s my contribution to your efforts to learn as much as you can, about as many things as you can, with articles ranging from the prosaic (investing) to the profoundly intense and personal (grief).

Investing

Wealth Management

  • The SEC just published its “Cybersecurity Examination Sweep Summary.” Among its findings: “The vast majority of examined firms conduct periodic risk assessments, on a firm-wide basis, to identify cybersecurity threats, vulnerabilities, and potential business consequences. These broker-dealers (93%) and advisers (79%) reported considering such risk assessments in establishing their cybersecurity policies and procedures.” (US Securities and Exchange Commission)
  • “There are two types of companies: those who have been hacked, and those who don’t yet know they have been hacked.” See: “What Does the Internet of Everything Mean for Security?” (World Economic Forum)
  • Questions that most investors don’t ask, but should. (A Wealth of Common Sense)
  • The topic of money is a difficult one. Especially when kids are involved. Are we rich? Are we poor? How much is our house worth? How much money do we have? How much money do you make? The list goes on. The good news is you’re not along if you have wrestled with how to answer these questions. For some insights on money and children, be sure to read Ron Lieber’s excellent article on why you should tell your children how much you make. (The article is adapted from his book, The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Moneywhich was just published.) Moreover, if you’re an adviser and a client asks how to handle this, you’ll have a thoughtful response. (The New York Times)
  • What’s the most disingenuous phrase financial advisers say? Click on the time stamp in the tweet below to see if any of your stock phrases are listed.

Women in Business

And Now for Something Completely Different

  • Alan Turing’s Enigma Machine algorithms give great insight into how the brain assembles evidence to make decisions: “Safecracking the Brain: What Neuroscience Is Learning from Code-Breakers and Thieves” (Nautilus)
  • Solving what seemed to be an unsolvable math problem: Yitang Zhang solves a pure-math mystery. (The New Yorker)
  • This is a first for me, but this week I’m including a link to a book of poems, Here, Bullet, by Brian Turner, an Iraq War veteran. The book was published in 2005. Here’s what one reviewer had to say: “The day of the first moonwalk, my father’s college literature professor told his class, ‘Someday they’ll send a poet, and we’ll find out what it’s really like.’ Turner has sent back a dispatch from a place arguably more incomprehensible than the moon — the war in Iraq — and deserves our thanks for delivering in these earnest and proficient poems the kinds of observations we would never find in a Pentagon press release.” (The New York Times)

If you liked this post, don’t forget to subscribe to the Enterprising Investor.


All posts are the opinion of the author. As such, they should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.

Image credit: ©iStockPhoto.com/Christian Mueller

About the Author(s)
Lauren Foster

Lauren Foster is the former managing editor of Enterprising Investor and co-lead of CFA Institute’s Women in Investment Management initiative. Previously, she worked as a freelance writer for Barron’s and the Financial Times. Prior to her freelance work, Foster spent nearly a decade on staff at the FT as a reporter and editor based in the New York bureau. Foster holds a BA in political science from the University of Cape Town, and an MS in journalism from Columbia University.

Leave a Reply

Your email address will not be published. Required fields are marked *



By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close