Week In Review
A power outage last night prevented this week’s Week-In-Review video…I’ll be back next week to discuss the week’s headlines.
But you don’t know what you don’t know One of the many problems of seeking knowledge without the big picture in mind Most financial questions seem simplistic. When they intertwine they become complex A REAL financial advisor guides clients to elegant simplicity @behaviorgap pic.twitter.com/bcjFRdMmW7
— Scott Frank (@scott_r_frank) August 23, 2019
Mixtape:
Khe Hy: How To Make Work Feel Like Play “Then there’s the outcome. Obviously providing for your loved ones is a required outcome and table stakes to this discussion. But let’s put that aside for a moment; What are other desirable outcomes? Might they be competition, promotions, status games, follower counts and the accumulation of stuff? It’s the timeless paradox of the pursuit of intrinsic versus extrinsic motivations.”
Becoming Minimalist: Greed And Worry Have The Same Effect On Our Lives “Worry is seen as prudent and wise, even thoughtful at times. But don’t be fooled, there is a likelihood it is producing the exact same result in our lives as greed and selfishness.”
Morgan Housel: Why Complexity Sells “The problem with simplicity is that the reps don’t hurt, so you don’t feel like you’re getting a mental workout. It can create a preference for laborious learning that students are actually OK with because it feels like a cognitive bench press, with all the assumed benefits.”
Ramp Capital: A Gift To Exist “Be thankful for your own life today. Be thankful for your friends, your family, your children. Every life is a miracle. It’s a gift to exist.”
Calibrating Capital: Planning > Plans “A plan itself is relatively worthless.”
The Belle Curve: The Biggest Taboo-Inheritance “Surprises can have devastating consequences for surviving family members. Stating your intentions helps clear the air and can potentially catch unintentional mistakes in your estate plan.”
ESPN: Luck Retires, Calls Decision ‘Hardest Of My Life’
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
