Tim's Top LinksLast night something amazing happened.  Alabama lost a football game.  It doesn’t happen very often, so remember this moment.  It got me thinking about the markets though.  Recency bias has a way of making people think the current leaders will never fail, or make it difficult to imagine that happening.  For the longest time it was hard to imagine a college football world where Alabama wasn’t the top team.  However, that was obviously going to happen at some point.  Now it’s time to make way for a new champion: Clemson.  The same goes for the markets.  Eventually whatever is the very best performer at the moment will fall out of favor.

Here’s what I’ve been reading this morning:

‘Grandmasters of Work’ – Morgan Housel – Collaborative Fund

‘The Hardest Thing’ – Charlie Bilello – Pension Partners

‘4 Reasons to Buy Bonds in 2017’ – Peter Lazaroff

‘Dividend Stocks are the Worst’ – Meb Faber – Meb Faber Research

‘Does the 200-Day Moving Average Still Matter?’ – David Fabian – FMD Capital Management

ENJOY!

Now Go Talk About It!