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The Intelligent Investor (May 2023)

A life Lived on Purpose

It’s easy to forget that money is a means to an end, and not the end itself. Having a healthy interest in money is great, but overly focusing on it can distract you from its real purpose.

Asking Better Questions

In these moments of confusion, many turn to financial advisers for guidance and clarity. However, from our experience, the key to overcoming such struggles often lies not in new and better answers but in asking different and better questions.

The Stock Markets

(Updated 30 April)

The key benchmark you should care about is achieving all of your financial and life goals and not running out of money.

The Unimportant Numbers – 1 Month

Monthly figures are a distraction from your long-term goals, we’ll help you avoid the noise.

The Important Numbers – 30 Years

Investing in the Great Companies of the World has produced life-changing returns for the disciplined and patient investor.

Inflation – The Real Enemy (Updated April 2023)

The number one enemy of the long-term investor is the financial dragon called inflation (the silent but steady increase of prices over time).

The only sane definition of money is purchasing power, and over the last 30 years, inflation in the UK has almost halved the value of your money.

But an investment in the UK share market has consistently provided protection from this enemy.

IN THE MEDIA

The media is not a friend of the disciplined and patient investor. Whether it’s on TV, Print or Online, the media prefers to focus on short-term returns, market predictions, and negative news. Which is not suitable for a long-term investor.

Below are the stories, podcasts, and images which we wanted to share with you this month, which are uplifting, interesting and informative.

These links below will take you to articles on other websites.

Positive News

Here is this month’s selection of positive news stories not related to investing.

  • You can now explore the highest-res map of Mars ever made
    Using 110,000 images from NASA’s Mars Reconnaissance Orbiter (MRO), researchers at Caltech have created an interactive map of Mars that lets anyone explore the surface of the Red Planet in unprecedented detail.
  • Brain Images Just Got 64 Million Times Sharper
    Magnetic resonance imaging (MRI) is how we visualize soft, watery tissue that is hard to image with X-rays. But while an MRI provides good enough resolution to spot a brain tumor, it needs to be a lot sharper to visualize microscopic details within the brain that reveal its organization.
  • What Might an Energy-Rich Future Look Like?
    It’s good to remember the past. Through studying history, we can learn more about ourselves as well as from our mistakes, which enables us to make improvements and pass important information on to future generations.

Further Reading

Here are some articles you may find interesting this month.

Listen & Watch

  • Little Ways The World Works (Apple Podcast)
    Examples of what one field can teach us about another. What can we learn from biology that teaches us something about money? What can we learn from physics that teaches us something about business?
  • What makes a good life? Lessons from the longest study on happiness (YouTube)
    What keeps us happy and healthy as we go through life? If you think it’s fame and money, you’re not alone – but, according to psychiatrist Robert Waldinger, you’re mistaken. Waldinger has unprecedented access to data on true happiness and satisfaction. In this talk, he shares three important lessons learned from the study.

A Picture is worth 1000 Words

  • Which Countries are Granted the Most New Patents?
    Every year, the UN’s World Intellectual Property Organization (WIPO) tracks hundreds of thousands of patents across industries. However, the number of patents granted varies greatly across nations. When viewing the origin of each patent’s applicant, we see a handful of countries dominating certain industries.
  • How Smart is ChatGPT?
    ChatGPT, a language model developed by OpenAI, has become incredibly popular over the past year due to its ability to generate human-like responses in a wide range of circumstances. So, how smart is ChatGPT?
  • Visualizing 90 Years of Stock and Bond Portfolio Performance
    To look at how various stock and bond asset allocations have performed over history – and their broader correlations – this graphic charts their best, worst, and average returns, using data from Vanguard.