These are some of my favorite reads from the month of October. I intentionally excluded articles about the upcoming election since they're pretty much everywhere right now! I hope you enjoy this month's medley.
The Path to Being the Greatest Appears to Be Going Backwards
Andrew Spencer, Institute for Faith, Work & Economics
Jesus is the best leader that has ever lived, and His example can teach us a lot. This article is a great reminder that no matter our position in life or at work, we can have tremendous impact by serving others. I love the author's parting thought: "It seems backwards, but the greatest among us are those who seek the interests of others before their own."
The New Business Strategy: Be a Little Nicer to Everyone
Morgan Housel, The Collaborative Fund
Housel has a knack for providing unique insight into the narrative of the current business climate. In this article, he reviews the recent history of capitalism in the US, specifically as it pertains to employees vs. owners (shareholders). His conclusion is that if companies want to thrive, they should seek to maximize value for all stakeholders. And while Housel uses market data to draw his conclusion, it perfectly aligns with the biblical command to love our neighbor.
THE PRICE OF EGGS
TIM WEINHOLD, EVENTIDE
This is an interesting article that intertwines chickens, elections, and markets. The point of this article is that we vote all the time with our purchasing and investing decisions. The author does a great job of tying it all together at the end, so read this one all the way through to get the most out of it.
Here's the Right Way to Go Shopping for Stocks
Larry Sarbit, The Globe and Mail
As consumers, when things go on sale, we buy. As investors, when things go on sale, we sell and run away as fast as we can! This author takes the perspective that we should view investing the same way we view shopping for a car or groceries. When something you just bought at full price goes on sale, you don't run back to the store try to return it at the sale price! Sarbit says that no rational consumer would do this, and you shouldn't do this with your investments either.
Ben Malick, CFA, CKA