Weekend Reading

19 August 2017 | by Paul Perrino, CFA

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.

Clients of Ensemble Capital own shares of Google (GOOGL) and Apple (AAPL).

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