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Why is Motley Fool Singapore closing down? Replacements? (Financial Horse)

Lots of things to unpack here but the main question I have is whether Motley Fool’s David Kuo is right in asking why their site is being asked to maintain a certain level of resources that is required of an asset manager when they are more of a media company than a financial asset manager.

Having said that, I’ve talked shit about Motley Fool SG’s articles before so I’m not sad to see them go. To be honest, anyone who reads Motley Fool and think he/she will become a better investor is being deluded.

How this climate change economist changed my world (Tim Harford)

With all the hype surrounding Greta Thunberg, I’m surprised that so few rational people have come out to explain why that if anything gets done about climate change, it won’t be because an angry young girl went to Davos to rant at world leaders.

It will be because the economics of climate change have changed and the way to do that is to understand why climate change is something that the world has ignored for so long.

How The Rich Get Richer And The Poor Get Poorer (Global Macro Monitor)

Interesting look at the change in balance sheets of top 1% of households vs. the bottom 50% of households in the U.S from 2000 to 2019. Mainly, as a group, the top 1% has seen their net worth increase by some 165.6% while the bottom 50% has seen their net worth decrease by 8.6%.

Why? It’s mainly got to do with the fact that the bottom 50% of households saw their debts increase even with an increase in amount of assets plus the fact that their assets are mostly in the form of real estate and durable goods. unlike the top 1% that has substantial assets in financial markets as well.

I suspect a similarly interesting picture to emerge if we looked at Singapore households’ balance sheets.