Weekend Reading
A summary of this week’s best articles. Follow us on Twitter (@INTRINSICINV) for similar ongoing posts and shares.
Google Is Developing Technology for Snapchat-Like Media Content (Amol Sharma and Jack Marshall, @asharma and @JackMarshall, WSJ)
The way many people are consuming news has been changing. They receive articles from many different news sources through Facebook, Snapchat, and Apple. Google is now trying to make a similar experience with “Stamps.”
Why Does Pessimism Sound So Smart? (Morgan Housel, @morganhousel, The Motley Fool)
The basic instinct for survival is a reason humans perceive threats and risks as urgent. For investors, this can translate into giving more attention to pessimistic news. Then the mind has a great way of rationalizing the urgency of bad news.
With $1 Trillion Chasing Deals, Investors Park Cash in ETFs (Sarah Jones, @BySarahJones, Bloomberg)
There is an excess of cash waiting to be invested in private equity. During this period, cash balances have increased to a recent high. Some institutional investors are looking for liquid investments to hold until the private equity fund is ready for additional investments.
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