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How to Teach Basic Finance to Students (The Big Picture)

While the article is written in the context of the American Education System and Americans’ knowledge of financial literacy, the same can be said of Singapore and Singaporeans.

I like the points made on how financial literacy needs to be taught in order for it to stick . Namely, the lessons need to be hands-on, include repetition, and train critical thinking skills.

By the way, my school recently introduced financial literacy as a compulsory subject for students. However, I believe the execution leaves a lot to be desired.

Financial Superpowers (A Wealth of Common Sense)

Ben Carlson has come up with a great list of what it takes for someone to be financially well-off. It’s a great list but the last sentence of his post sums it up best.

Find me someone who is content with their life and I’ll show you a person who is truly wealthy.

What Makes a Great Investor? (Enterprising Investor)

From the official blog of the CFA Institute comes this gem which is really about how great investing is more of an art than a science. In recent years, the use of massive computing power to sieve through huge amounts of data has become very attractive.

With that, many people believe that the future of investing is largely hands-off and robotic. To be honest, I believe that this is best for those that do not do investing as full-time work. However, the necessary trade-off is that if you go with the mechanical approach, you’ll never be great.

The greatest investors need to be able to stay ahead of the curve and to zig when others zag. That’s probably not something a computer will be able to do just yet.

China bond defaults hit record in 2018. The 2019 pace is triple that (The Straits Times)

Uh oh. Look out below?

How gangs used Vancouver’s real estate market to launder $5bn (BBC)

Money laundering is fascinating me to no end. The article doesn’t really elaborate on how the perpetrators get away with it but it does highlight some of the reasons why the Vancouver real estate market has been a channel for these activities.