Last ‘Best Reads’ of the year. And what a year it has been.

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Supercharging Your Financial Bullshit Detector
(Incognito Money Scribe)

Great post but the problem with advice that’s given in the post is that like all things in life, most people will fail to appreciate it.

Running Out of Time Before Running Out of Money
(Of Dollars and Data)

Something to think about. However, also remember that it’s not necessarily a bad thing to run out of time before you run out of money if you can plan for a way for that money to continue making a difference even after you’re gone.

Meet Bob, the World’s Worst Market Timer
(The Reformed Broker)

Great, great example on how time in the market can even overcome the worse possible entry timing in the market. However, it’ll be interesting to see what the results are in a market that went nowhere instead of a great big, bull market. In other words, how would this look like for someone invested in the Nikkei?

Animal Spirits: IPO Mania
(A Wealth of Common Sense)

A sign of the times? By the way, there was once when I tracked the number of IPOs on the SGX and there is a strong correlation between bull markets and the number of IPOs coming onto the market. I guess the point and narrative is obvious but don’t think that this can be used as a market timing signal.

At best, it means that much of the credit in the markets have been soaked up by these IPOs. As long as the demand for credit outweighs the supply of it, markets will continue to go up.

“A Social Experiment” – S’pore Influencers Clarify On Website Selling Their “Used Pillows”
(Vulcan Post)

From what I gather, “Social experiment” seems to be the term you use whenever you want to back out of the original intent you had. Anyway, I’m not sure which is worse – (a) the selling of used pillows to the kind of demographic it was targeted at, or (b) the selling of what are actually brand-new pillows when the customer was expecting a used one.

(a) is trashy but hey, you know, willing buyer, willing seller while (b) is clearly deception or false advertising.