Every Saturday I’ll be releasing my own compilation, a mixtape if you will, of blog posts from the week I think are worth your time.
The excitement of the last week and a half has been well documented on Instagram and Twitter, so I won’t revisit Silas in my intro…I did include my blog post below though.
There were so many good posts this week and many of them complimented each other. We can thank Nick over at Of Dollars and Data for inspiring many of the posts below; it was his post about how the compounding impact of good decisions can lead to better results over the long term. I’ve been following and reading Nick for a while, so it’s been cool to see all of the love he’s been getting lately on FinTwit recently– it’s well deserved. If you aren’t following him, you should.
Here are this week’s reads, I hope you enjoy!
Lawrence Hamtil via Fortune Finance: Faith In Compounding Is Not Enough “As I have explained before, the lesson of my father’s long-suffering is that everything in life will eventually be taken away from each of us. Our friends and family will depart our lives at some point; our physical abilities and mental faculties will diminish with age. This is an unavoidable fact of life. Time inevitably wears down the product of our life’s work; it undoes our life’s “compounding,” if you will.”
James Osborne: Tiny Steps “And I’ll end my philosophical ravings with this: do one small thing today that, if repeated consistently, will change your life in five years. And try to do it again tomorrow.”
A Wealth Of Common Sense: The Next Bear Market “Regardless of when it happens, it’s intelligent behavior for investors to plan ahead to know what they’ll do when it does. If you can’t get comfortable with accepting losses you shouldn’t be in the stock market, to begin with.”
Morgan Housel via Collaborative Fund: Never Do That Again “Some things are timeless. Bubbles will always occur. A handful of companies will dominate industries. Things won’t be fair. Patience will be rewarded, stubbornness will be penalized, and we’ll never be able to tell which is which.”
I couldn’t resist:
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