Playing Long Games, The Value Trap Fallacy, Sources of Alpha, & are we In the Midst of a Bull Market?

Market Talk, Edition 68, February 5th 2023

Once every second Sunday I will curate the most interesting things I have consumed during the previous two weeks. These will be bucketed into 5x must-reads (works I wish to highlight and comment on) and honourable mentions.

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Comments from Me

I have long thought about how I can give back to the 21 folks who kindly support the newsletter. Readers will know that whilst I want to be able to write Investment Talk long into the future, I want everything posted to be free at the point of posting. As a compromise, all readers will be able to read every new post and have a one-month archive. Once a post matures past one month, it will be archived for supporters. I believe this is how Marc Rubenstein of Net Interest does things (albeit, with a cons…