Week In Review Articles:
Wall Street Journal: Ex-Trump Adviser Richard Gates Pleads Guilty In Mueller Probe
USA Today: Gun Control Demonstrations Planned Around U.S After Florida School Shooting
USA Women’s Hockey Olympic Gold Shootout
Mixtape
Robin Powell: Misguided Advisors: Are They Conflicted Or Incompetent? “The researchers found that, contrary to common perception, it isn’t conflicts of interest that leads advisers to put clients into high-cost, high-turnover, actively managed funds. They tend to invest their own money in the same way and in the same funds and experience similar drags on investment performance.” Scary results here!!!
The Reformed Broker: “Private Banker” “There are plenty of great advisors working in situations that do not require this daily conflict-management effort, because they are compensated correctly from the start – not for selling one product or service over another, but for giving advice to you without commissions from a third party or additional goals they need to meet.”
Lawrence Hamtil: Of Pessimism and Pride “If I were to tabulate the total number of articles sent to me by clients and colleagues about the market and projections for its future, I can safely say that close to 90% of those articles were of the extremely pessimistic variety. This is to be expected; it is well-documented that negative headlines and dire predictions get far more attention than reports of the mundane/”
A Wealth Of Common Sense: The Curse Of Intelligence “I finally had a realization – intelligence can only take you so far in this world.”
The Irrelevant Investor: Seeing Your Blind Spots “The way we remember things is often very different from the way things happened. So one of the easiest ways to shine light on this blind spot and guard against it is to write things down. Whether you’re new to investing or are two decades in, keeping a physical record can be a good way to prevent being fooled by your future self.”
Fast Company: Why Your Brain Clings To False Beliefs (Even When It Knows Better) h/t to Jamal Carnette for the share “Before language, our ancestors could form new beliefs only through what they directly experienced of the physical world around them. For perceptual beliefs from direct sensory experience, it’s reasonable to presume our senses aren’t lying. Seeing is, after all, believing.”
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