Curated Insights 2019.10.04

There are no secrets

The biggest sign that an industry’s experts are not truly experts is when the industry has a large variance in its popular opinions. For example, if some people believe that you should do X and another group believe that you should not do X, then that field is likely not well understood. I am not saying that there are no experts in investing or diet/nutrition, just that a large variance suggests that the experts know less than what we might initially perceive.

Besides variance of opinion, the other thing to look out for are “simple” or “easy” solutions to these complex problems. Humans have been trying to solve certain kinds of problems (i.e. investing, health, etc.) for thousands of years, so you should be skeptical of anyone who claims to have a simple solution. Yes, some people will have useful tips, but no one person will have all the answers. And remember, what worked for them may not work for you.

BlackRock, Tencent tie-up is a match made in Wall Street

Tencent’s LiCaiTong wealth management platform already has 800 billion yuan ($112 billion) in aggregated assets, making the social media company a major financial institution in its own right. And let’s not forget the trillions of yuan that sloshes through the Weixin Pay system every year.

Southeast Asia’s internet economy to top $100 billion this year

Southeast Asia’s internet economy is on track to exceed $100 billion this year before tripling by 2025, becoming one of the world’s fastest-growing arenas for online commerce thanks to a youthful population increasingly comfortable with smartphones.

The value of online transactions in areas from internet retail to car-hailing should reach $300 billion by 2025, fueled by an existing population of 360 million online users, according to a research report by Google, Temasek Holdings Pte and Bain & Co. The region, home to ride-hailing Grab and Alibaba Group Holding Ltd.’s e-commerce site Lazada, includes four countries — Thailand, Philippines, Indonesia and Malaysia — in the top 10 globally in terms of time spent by users online, the study showed.

If you aren’t rich by 45, you might as well give up

For the rich and poor alike, the economists found that “the bulk of earnings growth” happens in the first 10 years of work, typically between the ages of 25 and 35. During the next decade of their career, men can expect smaller raises overall.

After 45, those in the bottom 90 percent of lifetime earners see their earnings decline as a group, in part because people often start cutting back their hours around that time, especially if they do manual labor for a living. Meanwhile, even 1 percenters only see relatively minor pay bumps after middle age.

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