Week In Review Articles
The amount of time someone spends talking about their competitors ultimately makes me far more interested in the competitor.
— Jud Mackrill 🎈 (@JudMackrill) April 18, 2020
Morgan Housel: Who Pays For This “As many panicked at our national debt at the end of the war, a 1945 article in The Wall Street Journal was prescient. ‘There is little likelihood that the national debt will be reduced substantially during the next generation,’ it read. ‘This means that debt management rather than debt reduction is the important problem before the Treasury in the coming years.'”
Dasarte Yarnway: Your Wealth Design “A person’s wealth design is the blueprint for a life that would invoke the most passion, define purpose and lead to optimum joy.”
Calibrating Capital: A Forward Looking Review Of The COVID Present “Maybe we should do that. Turn off the noise for a bit – and get clear on how we feel, what we’re scared of, what is really going on in our hearts and our head. Get clear on these things, and then hold out the very real possibility that if we take a forward looking review back on the present reality of the COVID crisis, we might just see things differently.”
Dina Isola: Time To Think “This time to slow down and think has given way to a fresh perspective and soul-searching. It might be uncomfortable, but it is encouraging to see people discover what is most important to them; to identify what is necessary versus what is extraneous; to uncover (and hopefully eliminate) unnecessary stresses that we invite into life; and to determine how we want to live on all levels (work, diet, activities, relationships, parenting and socializing).”
Michael Policar: FORGE Ahead “From a different point of view, what do we regret having, or not having done before we found ourselves under a global lockdown? We can’t change the past, but we can learn from it. With careful application of what we learn, we may be able to cut future regret.”
Retirement Field Guide: The Next 20% Move “Long-Term Focus > Short-Term Distractions.”
Your Brain On Stocks: Different Dollars, Different Time Horizons “…I mentioned that it’s integral to remember that not every dollar in a retirement portfolio has the same time horizon. Some dollars may be needed next month, and they are different than dollars that may be needed next year, which are different from dollars that may be needed in ten years. And, while those dollars may all hold the same value today, treating them equally is a big mistake.”
A Wealth Of Common Sense: What Good Is History When Dealing With An Unprecedented Crisis? “Yet historical panics in the United States all have one thing in common — they all come to an end. Stocks recover. Economies continue to grow. People still get up every day looking to improve their station in life.”
Alex Riley: WHen Something Is Taken Away “From day one we’re brainwashed into thinking that to do well from investing we need to find a complex magic formula. If it’s not difficult it can’t be right, right? That’s rarely the case. Investing doesn’t need to be overly complex in order to meet your identified financial planning goals. In fact, your investments should be boring; it is your life that should be interesting.”
Andreessen Horowitz: It’s Time To Build “Building isn’t easy, or we’d already be doing all this. We need to demand more of our political leaders, of our CEOs, our entrepreneurs, our investors. We need to demand more of our culture, of our society. And we need to demand more from one another. We’re all necessary, and we can all contribute, to building.”
ESPN: An All-Access Michael Jordan Documentary–How The Last Dance Was Made Possible This airs Sunday evening and I CANNOT wait to watch it with the boys!
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.