By Ryan Dolan

Three articles, one chart.

“‘I just lost the fear’: why more older people are founding start-ups (Financial Times)

Notable lines:

“While older founders have more to lose, there is evidence their risk is more likely to pay off. According to a 2018 NBER study, a 50 year old entrepreneur was almost twice as likely to have run away success as a 30 year old. Experience in an industry was one of the best indicators of whether a person would create a high-growth business, it found.

‘People conflate the fact that someone has a successful idea and they are young,’ said a co-author of the report. ‘Some people are just good at entrepreneurship, even when they are young. What we found was that they get better with age.’”

“Are Joint Bank Accounts the Secret to a Happy Marriage?” (Wall Street Journal)

Notable lines:

The study “found that financial harmony likely improved participants’ relationship quality, noting that higher scores on the financial-harmony questions predicted which couples would also score highly on relationship-quality questions about 75% of the time.”

“It’s likely that people with joint bank accounts had to be more transparent about how they spent money, and that made them feel more aligned financially and better about the quality of their relationship.”

“The art of keeping it simple, by JP Morgan’s Jan Loeys” (Financial Times)

Notable lines:

“Our industry does seem to love complexity and to abhor simplicity…But there is a lot of benefit…to keep things simple.

One should not buy assets that are too complex to be easily understood as the risk is then that the asset will not be appropriate for one’s financial objectives. Second, the fewer the assets one has in one’s portfolio, the easier it is to judge risk on them, the easier it is to gauge one’s exposure, the easier it is to manage one’s portfolio.”