Week In Review Articles:
The Irrelevant Investor: The Easy Pickings “The smartest investors have to scrape and claw for the ephemeral edges. The rest of us, who have no business playing this game, would be wise to go the other direction. Do less.”
Of Dollars And Data: Lies, Damned Lies, and Stories “As I like to remind myself, assets are not priced based upon fundamentals, but by what someone else is willing to pay for them.”
The Reformed Broker: It Takes Two “Lots of people have had their brains turned into mashed potatoes through years of exposure to hyper-partisan cable news and a lack of reading, learning and contact with the world outside of their own immediate friends and family. They don’t buy books, they don’t travel, they have very homogenous life experiences, they revere the past and fear the future and consistently make poor choices for themselves.”
Morgan Housel: Why We Listen To Bad Forecasts “It’s like playing Russian Roulette without knowing whether the gun has three chambers or a billion chambers. If the stakes are high and you have no idea what the odds are, you pay attention.”
MarketWatch: Court Ruling Can’t Stop Market Forces Pushing Fiduciary Rule “While the ruling could end the fiduciary rule as law, it cannot erase the awareness the Labor Department raised nor can it stop market forces leading the business toward a more ethical place.”
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