As 2022 draws to a close, it’s time for my annual tradition to collect my favorite investing writings of the year. I started this tradition in 2017, and I continue it since (2018, 2019, 2020, 2021).
However, unlike previous years, 2022 has been painful for investors of all types. Stocks fell, bonds fell, and crypto really fell into the worst market environment since 2008. And, while this has been a tough year for all of us, the silver lining is all the great investment writing that has come out of it. That being said, I present to you my favorite investment write-up of 2022:
The first piece on this list was technically written in February 2021 (and was on the list last year). However, given its accuracy and level of foresight, I thought it would be the perfect way to start this year’s list as a reminder of how far we’ve come. If there is one line that I will never forget it is:
Eventually everyone understood that Galileo was right. Eventually, everyone will understand that Cathie Wood is not. And it won’t take that long either.
Yes Drew. It didn’t take long at all.
Morgan remains my favorite finance writer because he is one of the few people who can make me reevaluate my most cherished beliefs. In this article, he challenges our reliance on data and logic by demonstrating why people don’t always behave as rationally as we think. Filled with great stories and counter-intuitive ideas, this is another Morgan Housel classic you won’t want to miss.
While I don’t agree with everything Ben Hunt writes (he can sometimes be too bearish for me haha), I recognize that he is one of the best thinkers in our industry. In this article, he provides a brief history of financial markets during the time of falling interest rates and how 2022 turned everything around. If you want to get a better understanding of monetary policy and how people react to interest rates, this is the article to read.
Sometimes I read an article by Josh Brown and I can’t fully describe what it’s about, only that you to have to read it. This is one of those pieces. In it, Josh walks you through the last few years in the markets and explains why everything seems to have taken a sudden 180. While there are some things you weren’t supposed to see, luckily this coin isn’t. not part.
I love when a writer provides a simple rule that makes my financial life easier. In this piece, Katie does just that. Thanks to its rule, you will be able to quickly calculate how much you need to save for your retirement based on how much you want to spend (each month) in retirement. Not only is this rule handy, but Katie explains it in a fun and relevant way. For anyone who wants great financial advice from one of my favorite people in the industry, look no further than Money With Katie.
With all the bullshit there has been in the investment industry over the past few years, this piece by Benn Eiffert is a breath of fresh air. Although Benn is best known as a volatility expert, he does a great job of demonstrating his all-round investment knowledge in this scathing dismantling of an industry that has sadly fooled so many. While there’s a lot of bullshit out there in the financial world, luckily you won’t find any in this article.
While many authors will discuss risk within your portfolio, far fewer will think about it as it relates to your income and career. In this article, Chris Keith teaches a lesson that took me a little too long to learn: diversification doesn’t have to stop with your investments. While having a combination of income-generating assets can work wonders, having a combination of different sources of income is just as important, if not more so. If you want to learn how to be a little more anti-fragile with your finances in the future, read this.
Jack Raines is the fastest growing financial blogger I have ever seen and this article explains why. In it, Jack explains the six types of wealth and why they are all important to your life. Although only in his twenties, Jack writes with the wisdom of someone decades older. Don’t just take my word for it, read this article and find out for yourself.
Another young blogger who has taken the financial world by storm, Kyla Scanlon is the go-to person for understanding what’s going on in the markets and economy right now. In this piece, she defines a term that has since been co-opted by many others: vibecession. Although she’s best known for her TikToks, Kyla’s sometimes quirky and always insightful writing isn’t something to overlook.
Ben has written many great articles on the housing market this year, but this one was my favorite because it addressed the elephant in the room: luck. Since buying a home is likely to be the biggest financial decision of your life, luck plays an important role in such transactions. Ben’s article is helpful in this regard as it highlights how this plays out in the real world. If you are looking for a house (or soon will be), this is the article to read.
I love when Michael Batnick does articles like this because there are so few writers who can take the view from 40,000 feet and wrap it up in such a succinct and insightful way. This piece is no exception. In a year where there are many lessons to be learned, Michael drops 20 of them with ease. My favorite is:
Diversification is the only answer to an unpredictable future. If everything works out, you’re not really diverse.
Amen, Michael. Amen.
Last, but definitely not least, we have The Crypto Story by none other than Matt Levine. Matt is the best Daily finance writer, which means he tends to write about events that happened in the last 24-72 hours. However, with this coin, Matt has created an evergreen epic that delves into the history of crypto and how its future might unfold. Although this piece is around 40,000 words, the simple way Matt explains such complex topics makes it an easier read than you might think. Don’t miss.
I hope you enjoyed this year’s annual review. Good investment and thanks for reading!
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This is post 324. Any code I linked to in this post can be found here with the same numbering: https://github.com/nmaggiulli/of-dollars-and-data
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