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The Infant Learner

Some stuff I read this week:

A. Market Research

MFP Market Report Card (MFP)
Top Down & Bottom Up (AQ)
Factor Investor Report – Jun 2025 (FI)
The Latest Edition of Wealth Conversations (FI)
IKIGAI Quarterly Newsletter July 2025 (IK)

B. Entrepreneurial Diary

Redistribution (II)
Scarcity Premium (HI)
A Screenless Future (CF)
Build, Sell, Understand (DH)
10 Lessons for Living by Peter Mallouk (CP)

C. Gen Z Trades Stocks The Same Way It Gambles

Everyone Has a Process (MJ)
Gen Z Trades Stocks The Same Way It Gambles (DK)
How Index-Fund Investing Turned Into an Extreme Sport (WSJ)

D. Personal Finance

Bad Advice is Everywhere (RW)
Mental Gymnastics or a Psychological Hack (MI)
10 Year Performance of Indian Asset Classes (AI)
The Secret to Avoiding Costly Mistakes in Investing (SN)
How Much Should You Have Saved by 30? 40? 50? 60? (CS)
Debt Mutual Funds vs Direct Bonds: Which is Better for You? (BN)
The Dinner Table Economy: Why Teaching Your Kids About Money Can’t Wait Anymore (FE)

E. Other Articles

Bring the Noise (BI)
Depreciation Dynamics (ZI)
The Poison of Status (MT)
Some Random Thoughts on Reading from the GOATs (KW)
Jonathan Satovsky Interviews Joel Greenblatt (GB)
Equity Market Focus: Interrogating the Historical Data (AQ)
Dave Sather on Building an Enduring Financial Advisory Firm (LW)

“I read everything: annual reports, 10k’s, 10q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of seats. Reading is key. Reading has made me rich over time” – Warren Buffett

“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you” – Charlie Munger

You have to apply yourself each day to becoming a little better. By applying yourself to the task of becoming a little better each and every day over a period of time, you will become a lot better”-  Carol Dweck