In 2016, I wrote a column detailing the voices I listen to. The individuals in and around the investing universe who I found provided consistently good advice in times of scarcity and in and times of plenty. These were the folks I learned my craft from, who guided my best instincts and who steered me around the biggest potholes. These authors, bloggers, podcasters, journalists and corporate leaders made what I do possible.
In the intervening years, we've lost a number of them: to retirement and to red-pill rabbit holes; one died, another changed things up; a few, in retrospect, were on a long hot streak in 2016 which summarily ended. And then President Ass-hat’s tariffs sent the markets off a cliff for absolutely no reason at all— beyond a misguided understanding of global trade economics plus an infantile need to scare every kid on the playground into handing over their lunch money. Corporations around the world who operate in the US or do business with the US (who doesn't?) are trying to get a handle on severe changes in their cost projections and revenue impacts. Investors everywhere are panicking and stocks are cratering like it’s March 2020.
So it was time to update my list of the most trusted voices in finance, and to update you as well. (Sadly, and this can't be good: they're nearly all white men! No doubt this limits me and my perspective. I need some new voices.) Most of the rest of the column has remained true even with nearly a decade of perspective; I left it alone. I hope you can find something useful here in your journey.
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In my twenties, at a time when my marriage was new, my career was stalled and my father’s illness was worsening, I was fortunate to get to know a gifted man. He was a spiritual leader and a counselor, and among his talents was a rare ability to soothe, with kind eyes and a soft voice. When he looked at me, for that moment I was his universe and I felt completely safe. I'm sure he was a wonderful counselor.
David and his brother Tom founded the Motley Fool in the mid-90s following a remarkable personal stock picking run, and they continue to run the advisory and wealth-management firm today. David prefers smart, disruptive, low-capital businesses with huge potential, which he buys early and holds for 5 years or more. Tom is the slow-and-steady, more conservative investor, buying established business for long-term gain. Their returns (and their firm!) have performed extraordinarily over the last 3+ decades, and their podcasts and appearances across Motley Fool media teach the rest of us how replicate them in a fun and approachable way. I also recommend their books, which absolutely got me started: Motley Fool Investment Guide; Rule Breakers / Rule Makers, etc
With a deep understanding of markets, the economy and history, as well as the investor psychology, Morgan stands alone. he's written two brilliantly helpful and accessible books about your money and investing: The Psychology of Money and Same As Ever. He has an ability to simply reframe complex concepts and make the technical totally understandable. He has his own blog, posts a regular column on The Collaborative Fund website and is a contributor on the Motley Fool podcast series.
Matt Levine is a former investment banker who’s graduated to become one of the best, loosest and most accessible finance columnists in the business. He makes the complicated and confusing seem understandable— even when it’s ridiculous. His editors give him wide berth to say what he wants for as long as he wants, and he has a lot to say. Impossibly well-read and informative, even funny. He’s a great read.