Weekly Mixtape For January 17th, 2021

The WSJ: President Trump Impeached by the House for Second Time

The WSJ: Pence Says He Won’t Invoke 25th Amendment, Setting Stage for Impeachment Vote

The WSJ: U.S. Unemployment Claims Rise as Coronavirus Weighs on Economy

The WSJ: U.S. Consumer Confidence Ticks Down in Early January

The WSJ: Americans Won’t Be Banned From Investing in Alibaba, Tencent and Baidu

The WSJ: Lilly Alzheimer’s Drug Helped Patients in Small Trial


Morgan Housel: A Few Thoughts On Writing “But in every field, the person with the best story wins. Not the best idea, or the right answer, or the most useful solution. Just whoever tells the most persuasive story. A lot of good ideas are killed with bad writing.”

Cristina Guglielmetti: Thinking Small “If you set micro-goals and miss the mark some weeks, you can quickly reset and get back on course. Or, you can quickly learn that the broader goal is perhaps unreasonable and rethink it. And you will get frequent boosts when you do reach your goals, so you’ll be more encouraged to keep going.”

The Retirement Field Guide: Rationality In Investing “But it’s hard to act rationally in a market that acts irrationally in the short-term. We know that markets are rational in the long-term, but they always seem irrational in the short-term.”

Of Dollars And Data: Just Take The Money “This is what happens when you become your investments.  You make decisions that could either (1) make you very rich or (2) lead to ruin.”

Peter Lazaroff: How Hindsight Bias Can Impact Your Investment Decisions “The more we see things fitting together into a cohesive narrative, the more we feel as though we knew it all along. And the more time that passes, the more difficult it is to accurately recall the way an uncertain situation seemed to us at the time actually happened. We forget what information was available at the time of the event, as well as  our own initial reasoning in support of or against a particular decision.”

Stephanie McCullough: Yoga Teacher Powerful Money Lessons “I started to see the many similarities between yoga philosophy and the financial planning I do with my clients. Whether or not you practice yoga, the yoga outlook on life has many lessons applicable to sound financial behaviors.”

A Wealth Of Common Sense: How To Invest In A Bubble “You could also simply choose to ignore market conditions altogether and invest according to your own specific personal and financial circumstances. Doing nothing is a decision and often the right one for many investors.”

Thomas Kopelman: How I Manage My Money “But just because I know these things does not mean I can actually do them when the time comes and it’s my money at stake. This is why I choose to lead with automation. I want to take away as much power as I can from human behavior so I can continue to make good choices for myself.”

All About Your Benjamins: Impact

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