What I’m Reading

• Africa’s Solar Revolution (Recode)
• An evaluation of robo-advisor asset allocations (Meb Faber) and here (WSJ)
• The lazy man’s 1 fund retirement option (Marketwatch)
• Warren Buffett Shows His Teddy Bear Image Has Tough Side (NYT)
• Notes from the 2015 Ira Sohn Conference, Part I, Part II, Part III (Reformed Broker)
• How to stop mass incarceration (The NewYorker)
• How much international diversification is necessary? (PragCap)
• The robots are coming for your truck driver job (Endgadet)
• These Suburban Preppers Are Ready for Anything (ChicagoMag)
• Stunning photos from NatGeo traveler photo contest (Quartz)
• Tesla, solar and storage is coming for the utilities (RamezNaam)
• Your 401k may be selling you short (Bloomberg)
• There’s an Uber for everything (WSJ)
• Thoughts on financial advise (Wealth of Common Sense)
  • Best part – I learned a name for a new mental model
  • Einstellung Effect. From the article – In German, Einstellung means “attitude.” The effect refers to people’s tendency to become stuck in their ways. Basically, people tend to think and act as they always have, even if new or alternative ways of thinking are presented to them that are obviously better. People say they want good advice but what they really want is for you to agree with them. Generally, the people who succeed are those that are able to overcome this attitude and always have an open mind. This is true for both those giving and receiving advice.

Read of the week:

• Status Malfunction (Josh Kaufman)

Quote of the week:

It is not that we have a short time to live, but that we waste a lot of it. Life is long enough, and a sufficiently generous amount has been given to us for the highest achievements if it were all well invested. But when it is wasted in heedless luxury and spent on no good activity, we are forced at last by death’s final constraint to realize that it has passed away before we knew it was passing. – Seneca

Still here? If so consider using Tradeking (Special $200 bonus offer) for your next brokerage and Personal Capital, my favorite tool to see all your accounts in place. You can also support us by using our Amazon link. We get a bit back if you do and it helps keep the lights on.