Week In Review Articles
If we want exceptional children, we should encourage them to specialize early!
…right? Time to bust this myth 🧨
Why we should generalize, *then* specialize👇🏼
— Ana Lorena Fabrega (@anafabrega11) July 30, 2021
Bob Seawright: The Better Letter–Addition by Subtraction “When we see evidence that tends to confirm what we already believe, we ask if it can be true. When faced with disconfirming evidence, we ask if it must be true, an entirely different and much lower standard. “
The Reformed Broker: The Stuff They Don’t Teach You In Books “Relationships, in contrast to expertise, are expensive to build and maintain. Hard to fake and almost impossible to repair. That’s what gives them value. That’s what makes them a currency. Relationships are built on small talk. Remembering people’s names and their kids’ interests. Where they grew up and where they go on vacation. It matters.”
Of Dollars And Data: Go Big, Then Stop “It takes all sorts of willpower and planning to save money throughout your life. However, when it comes to compounding your money, it takes almost no effort at all. All you have to do is wait and the market does the hard work for you.”
Christopher Clepp: 3 Lessons I’ve Learned Recently “When it comes to planning for your financial future, you don’t need to be so worried about having enough money at age 35, 45, or even 55. What’s important to remember is that you can start being diligent about it moving forward”
A Wealth Of Common Sense: The Shortest Recession Ever “I actually have more faith in the U.S. consumer’s ability to spend money no matter the circumstances than I do in the U.S. government or the Fed coming through in a pinch.”
The Irrelevant Investor: Something Money Can’t Buy “If you cross the line, you lose somebody’s confidence. There are countless ways to do this, and once you do, it’s hard to go back. My parents taught me that all you have is your word. Lose this, and you’ve lost everything.”
Indeedably: Financial BDSM “We don’t all need a passionate interest in the financial. At a minimum however, we should all possess a good understanding about how and where our money is organised, together with what risks such arrangements may pose.”
Big Picture: Inflation–Long Term, Transitory, or Reset? “We need to recognize why prices are increasing — are these temporary supply chain issues or bottlenecks associated with reopening the economy, or is it something more pernicious? There are a lot of moving parts around inflation, and we should all avoid being too doctrinaire about it.”
Simon Tryzna: Allocating to Crypto “The reality is that despite this asset class becoming more mainstream and institutionalized, there are still many unknowns. When thinking about it from a portfolio construction standpoint, that fact cannot be ignored. The risk of significant loss of capital must not be understated.”
Thomas Kopelman: 10 Best Investment/Retirement Accounts: Differences and Overview “As you can see, there are many types of accounts, different rules, and different contribution limits for each.”
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.