Week In Review Articles
Tough day today.
✅ Mega Imposter syndrome
✅ Generally felt down.
I’m so blessed. My life is amazing. But we all have tough days. No need to pretend we don’t.
Time for rest and to finish the week on a good note!
— Michael H. Baker, CFP®, CIMA® (@MichaelHBaker) February 19, 2021
Morgan Housel: When Everyone Is A Genius “Optimism is the best long-term mindset. And it requires a certain level of believing things that can’t be verified, either because you don’t have the technical skills to verify them – nobody knows everything – or because something hasn’t happened yet but you think it will happen in the future. Not enough speculation is just as dangerous as too much speculation.”
The Irrelevant Investor: What If It Doesn’t End Badly? “Or what if this does end badly, but not for another five years? I think this would frustrate most investors, and the market is pretty good at doing just that.”
A Wealth Of Common Sense: How Does The Stock Market Perform When Interest Rates Rise? “Our brains don’t do well with randomness so investors are constantly in search of a narrative to fill the void when there is no clear explanation for certain market moves. It makes us feel more in control if we can attach a ‘why’ even if sometimes there is no true explanation.”
Retirement Field Guide: The Language Of Investing “When you make your next monthly purchase of equities or make the decision to keep holding on for dear life, remember that you are a business owner. If you treat your capital as such, you may be more likely to make better long-term investment decisions. It doesn’t get much simpler than that.”
Of Dollars And Data: Have Fun Staying Poor “At some point you can only laugh at how ridiculous the logic gets. But it’s only this way because some people believe it is an us versus them mentality. But this isn’t necessary. For Bitcoin to succeed, the U.S. dollar does not have to fail! It’s not zero sum. They can coexist together in harmony because they have different uses.”
Simon Tryzna, Matthew Ricks, and Michael Kelly: Three “Wise” Guys On Cryptoassets “For example, I have a friend with a company where you can buy and sell digital art collections exclusively using blockchain technology. Proving provenance (aka ownership and history) is a massive problem in the art world. Blockchain solves that instantly.”
Christopher Clepp : Who Else Wants To Know If We Are In A Bubble And What To Do About It? “But let take into account a reason bubbles happen that often goes overlooked and may apply to you personally: Investors often innocently take cues from other investors who are playing a different game than they are.“
Elliott Appel: Tips To Navigate The Healthcare System And Save Money “The more you know, the less likely you are to be surprised by a medical bill. Do not be afraid of asking questions – lots of questions! If you don’t ask about in-network providers, whether labs will be in-network, or billing code procedures, you may be in for a rude awakening when you open a medical bill.”
Howard Lindzon: Crypto—It Is Different This Time “I am extremely confident there is enough capital and profits in the digital/crypto world that will never make it back to the physical world that the pace of development and spend will continue to accelerate.”
Thomas Kopelman: Do I Need Life Insurance? “I view life insurance in the same way I view an emergency fund, like a guardrail. Both are there to help keep you from falling off a cliff when something crazy does happen, like a loss of a loved one. “
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.