I came downstairs to record today’s Week In Review video only to realize my camera is at my office. No video this week, but I’ll be back next week!
Week In Review Articles
The WSJ: Pfizer-BioNTech Covid-19 Vaccines Are Prepped For Shipment
The WSJ: How Pfizer Delivered A Covid Vaccine In Record Time: Crazy Deadlines, A Pushy CEO
The WSJ: U.S. Household Net Worth Hits Record in Third Quarter
The WSJ: Mortgage Originations Are On Pace For Best Year Ever
The WSJ: Tech IPO Bonanza Yields Riches For Venture-Capital Firms
The highest status people in human history are those that asked for nothing and gave everything.
— Naval (@naval) November 27, 2020
Weekly Mixtape
Morgan Housel: A Few Things I’m Pretty Sure About “Risk is what you can’t see, think only happens to other people, aren’t paying attention to, are willfully ignoring, and isn’t in the news. A little surprise usually does more damage than something big that’s been in the news for months.”
The Irrelevant Investor: When’s The Right Time To Sell “There are two broad ways to think about selling a position. One attempts to maximize return, the other attempts to minimize risk. Neither is right or wrong, neither promises failure or success.”
Kiplinger.com: Can You Think Your Way To Wealth? ” But one thing you may not have thought about — and that is often overlooked — is a Jordan-like mindset. That doesn’t mean the determination to become the greatest investor of all time, but rather, the desire to consistently improve.”
James Clear: Forget About Setting Goals. Focus on This Instead. “If you want better results, then forget about setting goals. Focus on your system instead.”
Humble Dollar: Long Time Coming “If money issues had the urgency of a broken air-conditioning system on a 100-degree day, we’d all be in great financial shape.”
The Retirement Beet: The Retirement Gambit “Like the game of chess, our actions today determine our success in the future. Those actions need to be made with consideration to the bigger picture, your current strengths, and weaknesses, as well as the opportunities and threats that lie ahead. Rather than leaving it to luck, we must prepare a comprehensive plan that puts us in the best position to win.”
Humble Dollar: Going Soft “Wealth accumulates by not spending money you could. This behavior shows up by practicing restraint and discipline, even as your income rises. It’s about forgoing upgrades and more stuff.”
The Retirement Field Guide: The Ultimate Retirement Lever “This is why I spend so much time emphasizing the value of staying the course through all market cycles, practicing rationality in the face of uncertainty while continuing to be optimistic about the future, and why it’s so important to think differently about risk in retirement.”
A Wealth Of Common Sense: The Beauty of Outsourcing “The beauty of outsourcing when done correctly is that it can help save you time, improve the quality of your work and help you filter out some of the stuff that doesn’t really matter.”
Thomas Kopelman: 12 Questions To Ask When Hiring A Financial Advisor “In order to help you come prepared to that first meeting with an advisor, here are 12 questions you should ask every potential candidate before you hire them as your financial advisor. “
All About Your Benjamins: A Risk To Your Financial Plan You Aren’t Talking About
All About Your Benjamins: Don’t Call It A Comeback
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.
