captainspoke wrote: ↑Thu Aug 17, 2023 8:14 am
Apart from for entertainment, I rarely watch videos--I've tried, and now and then try again, but IMO videos suck as a mode of presenting information. This is an unfortunate personal quirk when these days, everyone and their brother (or sister) think making videos/youtubes will have some appeal, get them clicks or views, create more impact, or whatever the reason is that they decided to expand what is a page or two of information (or at least the key points) that you can see at a glance whether it's going to be useful or valuable, or worth spending the time on, into 8-20 minutes of what frequently turns out to be wasted time. At a minimum video presenters should, outside of the video presentation, present a summary and outline of the talk, with links embedded so that you can navigate directly to a particular point.
That's rare.
Give me that same information in text form and I'll read and read and read, bookmark it, or leave it open as a tab that I'll come back to when I want to check on or confirm something in it, or scan over again what was said.
Unfortunately for me, video-izing what could be better and more effectively presented in text is far more common in photography (one of my hobbies). Much more so than personal finance. (And photographers as videographers can even be excellent at video presentation--managing and using the technology--when a lot of bloggers (vloggers?) are, to put it politely, a ways down the skill chain. But in spite their expertise, I rarely watch.)
I suppose this point of view on it all is due to my browsing habits (vs the habits of many, many others, and the way the world operates now). I spend lots of time online, on a big laptop (too much time, actually), which is very suited to reading text along with any graphs/charts or pictures--and the text there can include links to other things*, so it's easy to open those things in another tab or window, jumping away and coming back. *Versus a video presenter saying "click on the link in the upper right (or bottom) for
another great video to explain that other thing."
On the other hand, I almost never open a browser on my phone. The last time that may have happened was in early July when I was bored while waiting my turn to see a doc at the hospital (nothing important, just followup). And I think it may be the reason, or one of the reasons for the trend toward video-izing so much of what was previously text. Videos can be consumed on phones, while the same or comparable info via text would be awkward. (I have nothing against phones. I have an 11pro, and have been on the fence for a while, whether to go ahead on a 14pro, or, what now looks more likely, a 15pro.)
Back on topic,
here's a long article on the S&P. That's the kind of format and depth that I spend time on. But, since it's not a video, someone on a phone would not try to stumble thru it.
Sources:
van Binsbergen, Jules H. and Hua, Sophia and Wachter, Jessica A., Is The United States A Lucky Survivor: A Hierarchical Bayesian Approach (March 1, 2022). Jacobs Levy Equity Management Center for Quantitative Financial Research Paper, Available at SSRN:
https://ssrn.com/abstract=3689958 or
http://dx.doi.org/10.2139/ssrn.3689958
Barber, B. M., & Odean, T. (2013). The Behavior of Individual Investors. Handbook of the Economics of Finance, 1533–1570. doi:10.1016/b978-0-44-459406-8.00022-6
Bailey, W., Kumar, A., & Ng, D. (2011). Behavioral biases of mutual fund investors. Journal of Financial Economics, 102(1), 1–27. doi:10.1016/j.jfineco.2011.05.002
Ritter, J.R. (2012), Is Economic Growth Good for Investors?. Journal of Applied Corporate Finance, 24: 8-18.
https://doi.org/10.1111/j.1745-6622.2...
Viceira, L., Wang, Z. (K. (2018). Global portfolio diversification for long-horizon investors.
https://doi.org/10.3386/w24646
Asness, C. S., Israelov, R., & Liew, J. M. (2011). International Diversification Works (Eventually). Financial Analysts Journal, 67(3), 24–38. doi:10.2469/faj.v67.n3.1
Anarkulova, A., Cederburg, S., & O'Doherty, M. S. (2021). The long-horizon returns of stocks, bonds, and bills: Evidence from a broad sample of developed markets. SSRN Electronic Journal.
https://doi.org/10.2139/ssrn.3964908
BEKAERT, G., HODRICK, R. J., & ZHANG, X. (2009). International Stock Return Comovements. The Journal of Finance, 64(6), 2591–2626. doi:10.1111/j.1540-6261.2009.01512.x
Zixuan (Kevin) Wang and Luis Viceira. Working Paper. “Global Portfolio Diversification for Long-Horizon Investors”. Copy at
https://tinyurl.com/ycvedksg
Bekaert, G., Hoyem, K., Hu, W.-Y., & Ravina, E. (2017). Who is internationally diversified? Evidence from the 401(k) plans of 296 firms. Journal of Financial Economics, 124(1), 86–112. doi:10.1016/j.jfineco.2016.12.010
Sinquefield, R. A. (1996). Where are the gains from international diversification? Financial Analysts Journal, 52(1), 8–14.
https://doi.org/10.2469/faj.v52.n1.1961
Lewis, K. K. (1999). Trying to Explain Home Bias in Equities and Consumption. Journal of Economic Literature, 37(2), 571–608. doi:10.1257/jel.37.2.571
Jacquillat, B., & Solnik, B. (1978). Multinationals are Poor Tools for Diversification. The Journal of Portfolio Management, 4(2), 8–12. doi:10.3905/jpm.1978.408629
Senchack, A. J., & Beedles, W. L. (1980). Is indirect international diversification desirable? The Journal of Portfolio Management, 6(2), 49–57. doi:10.3905/jpm.1980.408729
Rowland, P. F., & Tesar, L. L. (2004). Multinationals and the gains from international diversification. Review of Economic Dynamics, 7(4), 789–826. doi:10.1016/j.red.2004.05.001
Heston, S. L., & Rouwenhorst, K. G. (1994). Does industrial structure explain the benefits of international diversification? Journal of Financial Economics, 36(1), 3–27. doi:10.1016/0304-405x(94)90028-0
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https://sci-hub.se/
