Week In Review Articles:
The WSJ: Stock Rout Puts Nasdaq in Bear Market
The WSJ: Fed Raises Rates, but Signals Slightly Milder Path of Future Increases
The WSJ: James Mattis to Depart as Defense Chief Over Troop Withdrawals from Syria, Afghanistan
The WSJ: Want a Better Credit Score? Soon, Your Cellphone Bill Could Help
WISH-TV 8: These Drivers Expected Tickets But Got A WISH Patrol Surprise (I’m not crying, you are…)
Mixtape:
The Reformed Broker: My Big Lessons From 2018 “Watch how your heroes conduct themselves and pattern your behavior after them.”
Morgan Housel: Investing Ideas That Changed My Life ” Investing is not physics, which is guided by cold, immutable laws. It’s like biology, guided by the messy mutations and accidents of evolution, constantly adapting and sometimes defying logic.”
The Reformed Broker: Three Reasons You’re Never Satisfied “Well, there will be more lifestyle creep. There will be more wealthier neighbors. There will be continued fear of the future and your ability to keep up. I don’t think we can eradicate any of these three drivers of our perpetual dissatisfaction.”
The Irrelevant Investor: Where We’re Going “If you’re investing for the future, you have to believe that things will get better, but if you’re a realist, you have to understand that things can still get a lot worse.”
Douglas Boneparth: When Coffee Is Life “I never got to share a cup of black coffee with my grandma, but each day since I’ve started making my pour overs, I’ve added less cream and less sugar to each cup. I want to experience what she did in every sip.”
A Wealth Of Common Sense: A History Of Fed Rate Hikes “The Fed does it’s best to balance their mandate of stable employment, prices, and interest rates but they can’t control all market forces and there’s no way they always make the correct decision.”
Of Dollars And Data: Expectation Vs. Reality “So don’t be drowned by negativity when things don’t go as planned. Don’t be upset if you didn’t achieve your childhood dreams or if some piece of your life isn’t what you hoped. This is the natural state of the universe (entropy is always increasing). Sometimes you win. Sometimes you lose. The important thing is to not get consumed by the chaos when it inevitably comes.”
Rad Reads: Do You Have To Beat Yourself Up To Be Successful? “People who are higher in self-compassion show greater emotional stability, are more resilient, have a more optimistic perspective, and report greater life satisfaction. They are also less likely to display signs of psychological problems such as depression and chronic anxiety. (…) People who treat themselves with compassion respond more adaptively [to small and large mistakes] than people who don’t.”
Brendan Mullooly: The Rashomon Effect: What To Do With Narratives
All About Your Benjamins: Why Financial Advisors Love Data
All About Your Benjamins: Talkin’ Shop With Ryan Kirlin
All About Your Benjamins: Talkin’ Shop With Peter Dunn AKA Pete The Planner
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.
