What I have been reading - 16th September 2019

A final message from T. Boone Pickens: Thomas Boone Pickens (American businessman who gave away more than $1 billion to charity) died on September 11th aged 91. If you only read one thing this week, make it this piece that he wrote before he died.

What is the value of financial advice?: If you are on the fence about whether you need financial advice you might find this short article useful.

The power of questions: "There are no dumb questions. Don't be afraid to ask them. They are the most straight forward path to learning." This article made my brain hurt a little but it's an important point particularly when it comes to investing and finance. There are no dumb questions. If you don't understand something, ask. Answering questions and helping people learn gives me a great deal of pleasure.

This Latin phrase will change the way you manage problems: This is a wonderful article and might be just what you need ahead of the weekend.

Reflect, but remember to act: A candid account of one woman's realisation of what she needed to do in life. "I wanted my life filled with the connection and meaning that can sometimes fall into the background when you're in a constant scramble." Don't let a crisis be your defining moment.

"Burn the boats" - Mental Models in History: Incentives are very powerful. Charlie Munger once said "I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it." Great things can happen when we use incentives correctly (and of course the opposite is true).

FINALLY:

Approaching the limits: I love Seth Godin's short articles. This one particularly so.

ENJOY!

Georgie

georgie@libertywealth.ky