(Not) boring finds for this week – June 27, 2018
Twenty ways to make mistakes with money, the history of monetary innovation, untangling misconceptions around interest rates, and the truth (data) about the creativity of pop songs. It was (not) a boring week!
Collaborative Fund – The psychology of money
Anchored around two diverging stories about compounding wealth, Morgan Housel goes through the mental models that make up the every-day, psychological and emotional experience of handling money.
Project Syndicate – The old allure of new money
Still wonder about cryptocurrencies? Robert J. Shiller gives us a great history lesson by bringing attention to the common thread between all of the monetary innovations of the past.
(And no worries—“practically no one, outside of computer science departments, can explain how cryptocurrencies work.”)
A Wealth of Common Sense – 3 misconceptions about interest rates
You too might be hearing about rising interest rates. Ben Carlson illuminates some common misconceptions within the current interest rate context.
The Pudding – The musical diversity of pop songs
Just some data behind what we have always suspected may be happening to create those Top 40 hits.